Core Insights - Great Pacific Gold Corp. has provided an update on its Kesar Project, highlighting the discovery of high-priority targets in the East Vein Zone, specifically Hampore and Fufunambi, which show significant potential for gold exploration [2][4]. Exploration and Drilling Results - The exploration work at Kesar has revealed a geological setting indicative of a large-scale mineralized system, with a footprint covering approximately 25 km² [4]. - Recent sampling from Hampore returned an average gold grade of 24.5 g/t, with notable samples including 110.0 g/t and 93.3 g/t [5]. - Fufunambi also showed promising results with an average gold grade of 16.2 g/t, including samples of 58.8 g/t and 43.8 g/t [5]. - A total of 2,000 meters of diamond drilling has been completed at Anteruno, with further drilling planned at Hampore [5][11]. Geological Context - The East Vein Zone is characterized by multiple high-grade artisanal workings and complex structural geology, suggesting it could represent a core feeder zone for a mineral-rich corridor [4][9]. - Dr. Joseph O. Espi has noted the similarity between the East Vein Zone samples and the metasediments in K92 Mining's nearby Kora deposit, indicating high potential for bonanza-grade gold mineralization [9][10]. Future Plans - The company plans to complete an 1,800-meter diamond drill program in Q1 2025 to further test the Hampore and Fufunambi targets [11]. - The company is also preparing for extensive exploration at its Wild Dog project, expected to begin in Q1 2025 [16]. Company Overview - Great Pacific Gold holds a portfolio of exploration projects in Papua New Guinea and Australia, focusing on developing gold-copper resources [16]. - The Kesar project is contiguous with K92 Mining's tenements, enhancing its strategic importance [16].

Core Points - Great Pacific Gold Corp. has successfully closed a non-brokered private placement financing, raising aggregate gross proceeds of $5,050,000 by issuing 11,222,222 units at a price of $0.45 per unit [8] - The net proceeds from the offering will be allocated for diamond drilling at the Kesar and Wild Dog Projects, additional exploration activities in Papua New Guinea, and for general expenses [3] - Certain insiders of the company subscribed for 588,864 units under the offering, which is classified as a related party transaction, but the company is exempt from obtaining a formal valuation and minority shareholder approval [2] Company Overview - Great Pacific Gold has a portfolio of exploration stage projects in Papua New Guinea and Australia, focusing on developing gold-copper resources [4] - Key projects include Kesar, Arau, Wild Dog, Lauriston, and Walhalla, each with significant exploration potential [12][13] Project Details - Kesar is a greenfield exploration project in Papua New Guinea with high-grade gold veins identified [12] - Arau contains the Mt. Victor exploration target, with a Phase 1 drilling program completed in August 2024 [12] - Wild Dog is a brownfield project with a history of small-scale gold mining and established access for exploration work [13] - Lauriston is adjacent to Agnico Eagle's Fosterville operations and has shown promising gold intersections [13] - Walhalla consists of over 1,400 km² of concessions with a high-priority target called Pinnacles, which is fully permitted for drilling [13]

Core Insights - Great Pacific Gold Corp. has provided an update on its Kesar Project, highlighting significant developments in exploration and drilling activities [1] Exploration and Drilling Updates - The East Vein Zone mapping has identified a previously unknown high-priority drill target, with mineralized hydrothermal breccia exposed by artisanal miners [2] - Multiple artisanal adits indicate a significant mineralized structure, with wide zones of alteration and brecciation targeted for upcoming drilling in January [2] - The Anteruno diamond drilling program has completed approximately 1,400 meters of drilling across three drill holes, with ongoing drilling at Hole KDH-04 and a fifth hole planned for early January [2][3] Geological Findings - The mapping and sampling program at the East Vein Zone has revealed numerous artisanal underground workings and adits within outcropping hydrothermal breccia, with sulphide mineralization found in brecciated granodiorite and metasedimentary rocks [3][4] - The degree of brecciation observed in the East Vein Zone is unprecedented within the Kesar project, suggesting it may represent the core or feeder to a large-scale mineralized system [4] Strategic Positioning - The Kesar Project is believed to represent the north-west extension of the Kainantu Mine deposits, located approximately 8 km away, enhancing its strategic significance [4] - With a recently announced $5 million financing, the company is fully funded to drill the high-priority East Vein Zone target and execute its 2025 work program at the Wild Dog project [4] Company Overview - Great Pacific Gold holds a portfolio of exploration stage projects in Papua New Guinea and Australia, focusing on developing gold-copper resources [10] - The Kesar project is a greenfield exploration initiative with several high-priority targets in proximity to K92 Mining's tenements, showing high grades of gold in outcrop and elevated gold in soil grades [10]

Great Pacific Gold to Sell Reedy Creek for $1 million Cash on Closing, $3 million Cash on Milestones and 6 million Shares of Canadian IssuerDecember 03, 2024 4:30 PM EST | Source: Great Pacific Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") announces that it has entered into a definitive agreement dated December 3, 2024 (the "Agreement") with Zincore Me ...

VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) has recently commenced a 5,000 meter diamond drill program at the Company’s Kesar Project in Papua New Guinea, near the border with K92 Mining’s Kainantu mine concessions. The Company also recently announced that preparations have begun for a 2025 field program at its Wild Dog Project in East New Britain Province, PNG. With explor ...

Core Insights - Great Pacific Gold Corp. is providing an update on its Wild Dog Project located in Papua New Guinea, highlighting its significant potential for high-grade gold-copper deposits and porphyry targets [1][2]. Project Overview - The Wild Dog Project covers a district-scale area of 1,424 km² within a major structural corridor measuring 26 km long and over 400 m wide, known as the Nengmukta Fault System [3]. - The project features an 11 km long set of epithermal vein targets, specifically the Wild Dog – Gunsap structural corridor, with approximately 1,100 meters previously mined from 2008 to 2014 [3]. - Key exploration targets include the Kavursuki and Gorocha Hill epithermal vein targets, as well as various porphyry intrusion targets like the Magiabe target, which has not been drill tested [3]. Historical Data - Historical drilling results in the Wild Dog area include: - Hole 90-WDD-086: 11.3 m @ 16.8 g/t AuEq from 18.5 m (16.2 g/t Au, 0.35% Cu) [3]. - Hole 87-WDD-040A: 13.5 m @ 9.0 g/t AuEq from 165 m (8.56 g/t Au, 0.31% Cu) [3]. - Hole 87-WDD-027: 6.2 m @ 19.3 g/t AuEq from 118 m (19.1 g/t Au, 0.08% Cu) [3]. - Selected samples from historic stockpiles returned high grades, including: - Sample 30-104: 242 g/t Au, 601 g/t Ag, and 9.52% Cu [3]. - Sample 68-001: 123 g/t Au, 350 g/t Ag, and 11.0% Cu [3]. Current Developments - The company is currently conducting a 5,000 meter drill program at its Kesar Project and is preparing for a field program at Wild Dog in 2025 [2]. - Road access to the Wild Dog Project has been re-established, and the management team plans to be on-site in November to develop the 2025 work program [3]. Location and Access - The Wild Dog Project is situated 50 kilometers south-southwest of Rabaul in the Baining Mountains of the Gazelle Peninsula, East New Britain Province, PNG [4]. - Access to the project is facilitated by a 40 km all-weather road from the ports of Kokopo and Rabaul, followed by a 12 km unsealed road that has been recently upgraded [4]. Company Background - Great Pacific Gold holds a portfolio of exploration stage projects in Papua New Guinea and Australia, focusing on developing gold-copper resources [9]. - Other core projects include Kesar, Arau, Lauriston, and Walhalla, each with significant exploration potential [9].

VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- 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 Kesar Project (“Kesar” or the “Project”) located in the Eastern Highlands province of Papua New Guinea. The Company’s previously announced 5,000 meter drill program at the Anteruno target, the first drill target at Kesar, has commenced. Highlights Anteruno represents the firs ...

VANCOUVER, British Columbia, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold," "GPAC," or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is pleased to announce the appointment of Ron Gawi as Country Manager, Papua New Guinea, effective immediately. "With the focus of the Company's exploration activity now in Papua New Guinea, we are very pleased to welcome Ron Gawi to our executive team," stated Greg McCunn, CEO of Great Pacific Gold. "His extensive background in p ...

VANCOUVER, British Columbia, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold," "GPAC," or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is providing an update on its Kesar Project ("Kesar" or the "Project") located in the Eastern Highlands province of Papua New Guinea. The Kesar Project is contiguous with K92 Mining's mine tenements and has several high priority targets near the K92 Mining property boundary (Figure 1). Previous exploration work has demonstrated th ...

Core Insights - Great Pacific Gold Corp. is updating on its 100% owned Reedy Creek Project in Victoria, Australia, which is considered a non-core asset for the company [1] - The company has announced a focused exploration strategy for its core assets, including the Kesar project in Papua New Guinea, where a diamond drilling program is set to commence [1] Reedy Creek Project Overview - The Reedy Creek project consists of two exploration tenements covering 445 km² of historic workings with limited modern exploration conducted by Great Pacific Gold [2] - The project is located immediately north and contiguous to Southern Cross Gold's Sunday Creek Project, which is currently undergoing a 50,000-meter drilling campaign [3] Drilling Highlights - Reverse circulation drilling at Reedy Creek yielded a highlight intercept of 8.0 meters at 42.4 g/t Au from 68 meters [4] - Recent shallow RAB drilling intercepted 4.0 meters at 30.4 g/t from 20 meters at the Weineroider Ridge target [4] Strategic Focus - The company is evaluating its non-core asset portfolio for potential value-creating opportunities, which may include asset sales, spin-outs, joint ventures, or other transactions [4] - CEO Greg McCunn expressed optimism about monetizing the Reedy Creek asset to fund increased activities in Papua New Guinea [3] Additional Projects - Great Pacific Gold's core projects include Kesar, Arau, Wild Dog, Lauriston, and Walhalla, each with significant exploration potential [5][6] - The Kesar project is adjacent to K92 Mining's mine tenements and has shown high grades of gold in exploration work [5] - The Lauriston project is located on the southern extension of the Fosterville Goldfield Belt and contains the Comet-Trojan target, which has previously intersected 8 meters at 105 g/t gold [5]