19:48:07 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



Great Pacific Gold Corp
Symbol GPAC
Shares Issued 99,840,145
Close 2024-07-25 C$ 0.70
Market Cap C$ 69,888,102
Recent Sedar Documents

Great Pacific completes sampling at Kesar Creek

2024-07-26 11:59 ET - News Release

Mr. Rex Motton reports

GREAT PACIFIC GOLD COMPLETES PHASE 2 SAMPLING PROGRAM AT KESAR CREEK PROJECT IN PAPUA NEW GUINEA

Great Pacific Gold Corp. has completed the phase 2 soil and chip sampling program at the Kesar Creek project in Papua New Guinea.

Highlights:

  • 667 soil samples and eight rock chip samples collected during this phase of work;
  • Kesar Creek project is short distance from multiple epithermal vein and porphyry deposits and targets identified on the adjacent K92 Mining Inc. project;
  • Previous assays from GPAC sampling include multiple high-grade gold results obtained from veins that align with the orientation and strike of K92 Mining Inc.'s prolific Kora deposit of 2.3 million ounces (oz) at 10.24 grams per tonne (g/t) gold (Au) equivalent measured and indicated plus a further 3.9 million ounces inferred at 8.6 g/t gold equivalent (Sept 12, 2023).

The Kesar Creek project consists of one exploration licence, EL 2711, and is contiguous with the K92 Mining tenements, approximately 10 kilometres (km) to the northwest and along strike from the Kainantu gold mine owned and operated by K92 Mining.

During this phase 2 program, 667 soil samples along with eight rock chip samples, were obtained by technical team members. This follows up on a phase 1 sampling program that consisted of 332 soil samples taken over a strike length of 5.5 km which included a high grade assay of 20.9 g/t Au in soil and 32 rock chip samples from outcrop and artisanal underground works and returned high-grade assays, including 244 g/t Au (underground working), 116 g/t Au (outcrop), 36.5 g/t Au (float) and 33.4 g/t Au (underground working) (see Great Pacific news release dated May 13, 2024, for details).

The East Vein zone is where the itinerant mining is currently being undertaken and is associated with the granodiorite-sediment contact.

Great Pacific chief operating officer and director Rex Motton states: "Geochemical sampling and mapping have progressed very well with strong community support and involvement which has expedited the entire exploration process. We look forward to further excellent assay results from the highly prospective Kesar Creek project, which are expected in approximately one month. Additional work on site is planned, including trenching of key areas, using local labour, that would supplement the drill targeting."

Quality assurance/quality control

All assays were subject to quality control measures appropriate for reconnaissance rock chip sampling with duplicates, blanks and commercially available standards with the expected results from the samples submitted. All assays were conducted by Intertek Minerals Ltd (ISO: 9001), located in Perth, Western Australia, using fire assay techniques with a 30-gram charge and ICP-OES (inductively coupled plasma optical emission spectroscopy) finish. The quality control results are consistent.

About Great Pacific Gold Corp.

Great Pacific Gold has a portfolio of high-grade gold projects in Papua New Guinea (PNG) and Australia.

We seek Safe Harbor.

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