Great Pacific Gold Corp. is pleased to provide an update on its short-term exploration strategy. After a thorough review of its dominant land position in both Papua New Guinea (“PNG”) and Victoria, Australia, the Company has developed a focused short-term plan aimed at advancing gold-copper resources on its core projects.
Core Projects:
Kesar – Located in the Eastern Highlands Province of PNG and contiguous with K92 Mining’s mine tenements, Kesar is a greenfield exploration project with several high-priority targets near the property boundary with K92. Multiple epithermal veins at Kesar are on strike and share the same orientation as key K92 deposits such as Kora. Exploration work by GPAC at Kesar has revealed high-grade gold in outcrop and elevated gold in soil samples, coinciding with aeromagnetic highs. A phase two sampling program supporting initial drilling has recently been completed, with results pending.
Arau – Also located in the Eastern Highlands Province of PNG, the Arau Project includes the highly prospective Mt. Victor exploration target, with potential for a high-sulphidation epithermal gold-base metal deposit. A Phase 1 Reverse Circulation drilling program at Mt. Victor was completed in August 2024. The Arau project also includes the Elandora licence, which hosts various epithermal and copper-gold porphyry targets.
Wild Dog – Situated in the East New Britain Province of PNG, Wild Dog is a brownfield exploration project with a history of small-scale gold mining. The project contains numerous epithermal and porphyry hydrothermal-magmatic targets identified through previous exploration and operations. In August 2024, the Company completed road refurbishment and established access to the project for baseline environmental and exploration work.
Lauriston – Located in the state of Victoria, Australia, the Lauriston project is situated on the southern extension of the Fosterville Goldfield Belt and is adjacent to Agnico Eagle’s Fosterville tenements and mine operations. Lauriston contains the Comet-Trojan target, a 4.5 km long epizonal orogenic system. The discovery hole at Comet intersected 8m at 105 g/t gold, and a follow-up drilling program was completed in Q3 2024. The Company is consolidating its data on Lauriston and expects to publish an NI 43-101 compliant technical report.
Walhalla – Also located in Victoria, the Walhalla project comprises over 1,400 km² of concessions, including numerous historical mining operations and the recently acquired Woods Point land package. The Company is consolidating its data on Walhalla and expects to publish an NI 43-101 compliant technical report. Walhalla contains a high-priority greenfield target known as Pinnacles. Extensive soil geochemistry has highlighted a 400m x 1,100m gold mineralised aplitic dyke with disseminated sulphides, outcropping at surface. The Pinnacles target is fully permitted and ready for drilling.
“The Company has spent the last four years building an extensive portfolio of high-quality exploration assets,” stated Greg McCunn, CEO of Great Pacific Gold. “After this period of acquisition, it is now time for the Company to focus on developing one or more of its core projects into a mineral resource. While the focus will be on these five assets in the short term, the recently acquired Tinga project also has the potential to create significant shareholder value in the longer term and is an important part of Great Pacific Gold’s future.”
The Company is also evaluating its non-core assets in Australia and exploring opportunities to maximise their value. As part of this process, the Company may consider asset sales, project spin-outs, or other strategic transactions.
