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]
Great Pacific Gold Provides Update on Non-Core Assets Sale Process Initiated for Reedy Creek