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GPAC Announces Annual Security-Based Compensation Grants
TMX Newsfile· 2026-01-16 22:41
Core Viewpoint - Great Pacific Gold Corp. has granted a total of 3,610,000 incentive stock options and 3,030,000 restricted share units to its key personnel as part of its annual long-term incentive plan, aligning the team with the company's long-term success in its exploration program at the Wild Dog Project [1][3]. Group 1: Stock Options and Restricted Share Units - The granted options are exercisable at $0.45 per share and will expire five years from the grant date, while the RSUs will expire three years from the grant date [2]. - Vesting of the options and RSUs will occur in two phases: 50% will vest on the first anniversary and the remaining 50% on the second anniversary of the grant date [2]. Group 2: Company Overview - Great Pacific Gold aims to become a leading gold-copper development company in Papua New Guinea, with a portfolio of exploration-stage projects including the flagship Wild Dog Project and the Tinga Valley Project [5]. Group 3: Wild Dog Project Details - The Wild Dog Project features a large-scale epithermal target with a structural corridor of 15 km in strike length and potentially over 1,000 meters deep, as indicated by a recent geophysics survey [7]. - High-grade drilling results have been reported, including an intercept of 8.4 meters at 50 g/t AuEq from 154 meters depth [7]. - The current drilling program is set to extend into 2026, with a second drill rig expected to be operational in February 2026 [7]. Group 4: Other Projects - The Kesar Project, located in the Eastern Highlands province, is a greenfield exploration project with high-priority targets near K92 Mining Inc.'s tenements, showing high gold grades in outcrop and soil [7]. - The Arau Project, also in the Eastern Highlands, contains the Mt. Victor exploration target, which has potential for a high sulfidation epithermal gold-base metal deposit, with a Phase 1 drilling program completed in August 2024 [7].