Great Pacific Gold Plans 2025 Work Program at Wild Dog
28 10월 2024 - 9:30PM
Great Pacific Gold Corp. ("
Great Pacific Gold,”
“
GPAC,” or the "Company") (TSXV:
GPAC) (OTCQX:
FSXLF) (Germany:
V3H) is providing an update on one of its core
projects, the Wild Dog Project (“
Wild Dog” or the
“
Project”) located on the island of New Britian,
Papua New Guinea.
With the 5,000 meter drill program underway at
the Company’s Kesar Project, preparations have begun for a 2025
field program at its Wild Dog Project in East New Britain Province.
Wild Dog is a district scale land package with significant
potential to host multiple high-grade epithermal gold-copper
deposits as well as promising copper-gold porphyry targets.
Wild Dog Highlights
- A district scale
1,424 km2 project within a major north-northeast trending
structural corridor 26km long and over 400m wide (Nengmukta Fault
System)
- Within the
Nengmukta Fault System, the Project hosts an 11km long set of
epithermal vein targets known as the Wild Dog – Gunsap structural
corridor (Figure 1)
- Approximately
1,100 meters of the 11km long epithermal vein target was mined
(2008-2014) to a shallow depth via open pit mining focused on oxide
material
- Top priority
exploration targets on the largely unexplored portions of the Wild
Dog Project include the Kavursuki and Gorocha Hill epithermal vein
targets in the Wild Dog – Gunsap structural corridor
- Various porphyry
intrusion copper-gold targets occur including the Magiabe target,
which has an associated Induced Polarisation geophysical anomaly
but has never been drill tested (Figure 2)
- Historical data
includes soil sampling, rock sampling, trenching and drilling over
limited amounts of the exploration area
- Historical
drilling intercepts1 in the Wild Dog prospect area epithermal vein
structure include:
- Hole 90-WDD-086
intersected 11.3m @ 16.8 g/t
AuEq2 from 18.5 meters (16.2 g/t Au,
0.35%Cu)
- Hole 87-WDD-040A
intersected 13.5m @ 9.0 g/t AuEq from 165 meters
(8.56 g/t Au, 0.31% Cu)
- Hole 87-WDD-027
intersected 6.2m @ 19.3 g/t AuEq from 118 meters
(19.1 g/t Au, 0.08% Cu)
- Selected samples
from the Historic Stockpiles near the Wild Dog prospect area
returned bonanza grades, including:
- Sample 30-104
assayed 242 g/t Au, 601 g/t Ag and 9.52% Cu
- Sample 68-001
assayed 123 g/t Au, 350 g/t Ag and 11.0% Cu
“With the Kesar drill program in full swing, it
is now time to start preparatory exploration work at Wild Dog.”
stated Greg McCunn, CEO of Great Pacific Gold. “With road access
re-established by GPAC in Q3, the management team will be on site
in November to develop our 2025 work program. We are
excited about the potential of this highly prospective property and
look forward to getting boots on the ground.”
About Wild Dog
The Project is located 50 kilometers south
south-west of Rabaul in the Baining Mountains of the Gazelle
Peninsula, East New Britian Province, PNG. Access to the property
from the ports of Kokopo and Rabaul is via 40 kilometers of all
weather road to Reit, and then to the Project property via a 12km
unsealed road recently upgraded and rehabilitated by the
Company.
The town of Kokopo has a population of
approximately 50,000 and a major wharf facility and port are
located in the nearby Port of Rabaul. The area is regularly
serviced by flights directly from the capital city of Port
Moresby.
The Project consists of two granted exploration
licenses, EL 2761 and EL2516.
Tetra Tech Coffey Pty Ltd are currently acting
as the environmental consultant for the Company, undertaking a site
assessment involving the collection of water and sediment samples
to understand the current site conditions.
Figure 1 Wild Dog Project Location and
11km target area for epithermal vein systems.
Figure 2 Top Priority Epithermal Vein
target zones and Magiabe Cu-Au Porphyry Target
On behalf of Great Pacific GoldGreg McCunnChief Executive
Officer and Director
Notes:(1) Drill highlights
presented above are core lengths (not true widths), see news
release dated July 5, 2023(2) Gold equivalent (AuEq)
exploration results are calculated using longer-term commodity
prices with a copper price of US$4.00/lb, and a gold price of
US$1,750/oz.
For further information visit
gpacgold.com or contact:
Investor RelationsDirect: (604) 229-9445Toll
Free: 1(833) 923-3334Email: info@gpacgold.com
Qualified Person
The technical content of this news release has been reviewed,
verified and approved by Rex Motton, AusIMM (CP), COO of Great
Pacific Gold, a Qualified Person under the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Mr. Motton is responsible for the technical content of this news
release.
About Great Pacific Gold
Great Pacific Gold has a portfolio of
exploration stage projects in Papua New Guinea (“PNG”) and
Australia. The Company is focused on developing gold-copper
resources from its highly prospective land packages. Its core
projects include:
- 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 in close proximity to the
property boundary with K92. Multiple epithermal veins at Kesar are
on strike and have the same orientation of key K92 deposits such as
Kora. Exploration work to date by GPAC at Kesar has shown that
these veins have high grades of gold present in outcrop and very
elevated gold in soil grades, coincident with aeromagnetic
highs.
- Arau
– located in Eastern Highlands province of PNG, the Arau
Project contains 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 was
completed at Mt. Victor in August 2024, with results pending. The
Arau project includes the Elandora licence which also contains
various epithermal and copper-gold porphyry targets.
- Wild
Dog – located 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 evidenced by previous
exploration and operations. The Company completed a road
refurbishment in August 2024 and access to the project has been
established for baseline environmental and exploration work.
-
Lauriston – located in the state of Victoria,
Australia, the Lauriston project is located on the southern
extension of the Fosterville Goldfield Belt and is adjacent to
Agnico Eagle’s extensive Fosterville tenements and mine operations.
Lauriston contains the Comet-Trojan target, a 4.5km 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 information on the Lauriston
project and expects to publish an NI 43-101 compliant technical
report.
-
Walhalla – located in the state of Victoria,
Australia, the Walhalla project consists of over 1,400km2 of
concessions including the numerous historical mining operations and
the recently acquired Woods Point land package. The Company is
consolidating its information on the Walhalla project and expects
to publish an NI 43-101 compliant technical report. Walhalla
contains a high-priority greenfield target called Pinnacles.
Extensive soil geochemistry has highlighted a 400m x 1,100m gold
mineralized aplitic dyke which contains disseminated sulphides and
outcrops at surface. The Pinnacles target is fully permitted and
ready for drilling.
The Company also holds a number of other
exploration projects including the recently acquired Tinga Valley
Project.
Forward-Looking Statements
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. Great
Pacific Gold cautions that all forward-looking statements are
inherently uncertain and that actual performance may be affected by
many material factors, many of which are beyond their respective
control. Such factors include, among other things: risks and
uncertainties relating to Great Pacific Gold's limited operating
history, its exploration and development activities on its mineral
properties and the need to comply with environmental and
governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, Great Pacific Gold does not undertake to
publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Infographics accompanying this announcement are available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3017eea2-654c-4e65-88cb-2bb5723cf192https://www.globenewswire.com/NewsRoom/AttachmentNg/8c503d7f-3212-4d9b-8fae-86209113a6db
Great Pacific Gold (TSXV:GPAC)
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부터 10월(10) 2024 으로 11월(11) 2024
Great Pacific Gold (TSXV:GPAC)
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부터 11월(11) 2023 으로 11월(11) 2024