Drilling Commences at Arau Project, Papua New Guinea
Drilling Commences at Arau Project, Papua New Guinea
July 19, 2024. Great Pacific Gold Corp . ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC)
(OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that the company has commenced drilling at its
Arau Project in Papua New Guinea (PNG).
Since acquiring Arau, the GPAC team has completed the rehabilitation of road access to the project and
constructed nine drill pads. With access to exploration target areas complete, a reverse circulation (RC)
drill rig was mobilized to site last week and, after a welcoming ceremony in the community to mark the
start of exploration, drilling has commenced.
This is the first drilling by the Company on its PNG projects. While the drill is turning at the Arau Project,
the Company is concurrently readying the Kesar Creek Project (contiguous with and northwest of the
highly prolific K92 Mining Inc. tenements) for a drilling program. An ongoing phase 2 soil program at
the Kesar Creek Project is slated to complete this week and will further define targets for the upcoming
drill program. Additional to the drilling now underway at the Arau Project and the Phase 2 s oil program
at the Kesar Creek Project, the Company has started road rehabilitation work at the formerly producing
Wild Dog Project , located in East New Britain Province, in preparation for exploration activity there.
Arau Project
The Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt.
Victor Prospect, where previous drilling found a multiple phase intrusion complex hosting copper and gold
mineralization.
Drilling will seek to confirm copper-gold porphyry mineralization underneath the skarn mineralization at
the project. Previous drilling at Mt Victor was aimed at establishing the gold resource associated with the
outcropping skarn mineralization. A program of around 2000 meters of drilling is expected.
As part of the Arau project, in the southern exploration licence, EL2715, an initial extensive soil sampling
program of 377 samples has recently been completed, which followed up on previously generated copper-
gold geochemical data of stream sediment anomalous drainages and ridge and spur soil sampling
programs. The area is underlain by the highly prospective Elandora porphyry unit, which is known to host
copper porphyry and epithermal gold mineralization. Assays for this program will be received in the
coming weeks.
In addition to the two exploration licenses that currently make up the Arau Project, the Company has also
recently applied for further prospective ground contiguous with the existing land package and to the
north, via Exploration License Application 2834.
Figure 1. Map of Arau Project
About GPAC
Great Pacific Gold has a portfolio of high-grade gold projects in Papua New Guinea (“PNG”) and Australia.
In PNG, Great Pacific Gold recently assembled a 2500 sq. km mineral exploration land package in PNG.
The land package comprises of exploration licenses (EL). It includes both early -stage and advanced-stage
exploration targets with high-grade epithermal vein and porphyry-style mineralization present.
The Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt.
Victor Prospect, where previous drilling found a multiple phase intrusion complex hosting copper and gold
mineralization.
The Wild Dog Project consists of two granted exploration licenses, EL 2761 and 2516, located on the island
of New Britain and about 50 km southwest of Rabaul and Kokopo, PNG.
The Kesar Creek Project consists of one exploration license, EL 2711, and is contiguous with the K92
Mining Inc. tenements. Initial work by Great Pacific Gold at Kesar has returned multiple high -grade
samples from outcrop and underground workings coincident with high grade soils and aeromagnetic
geophysical highs.
The Tinga Valley Project consists of one exploration license, EL 2720. The OK Tedi Copper Gold Mine is
140km to the northwest along the same belt is a superb geological comparison to the Tinga Valley
Property.
In Australia, Great Pacific Gold began with two, 100% owned, high-grade gold projects called the Lauriston
and Golden Mountain Projects, and has since acquired a large area of granted and application tenements
containing further epizonal (low -temperature) high-grade gold mineralization and associated intrusion -
related gold mineralization all in the state of Victoria, Australia. The Great Pacific Gold land package,
assembled over a multi-year period, notably includes the Lauriston Project which is a 535 sq. km property
immediately to the south of and within the same geological framework that hosts Agnico Eagle Mines
Ltd’s Fosterville Gold Mine and associated exploration tenements. The Golden Mountain Project is an
intrusion-related gold project on the edge of the Strathbogie granite and occurs at the northern end of
the Walhalla Gold Belt. The acquired projects include the epizonal gold Providence Project containing the
Reedy Creek goldfield which adjoins the Southern Cross Gold’s (ASX:SXG) Sunday Creek exploration
project and a large group of recently consolidated granted tenements called the Walhalla Gold Belt
Project, which contain a variety of epizonal and intrusion related style gold mineralization. Additionally,
Great Pacific Gold has another gold -focused project called the Moormbool Project which has epizonal
style gold mineralization and associated potential intrusion-related gold mineralization, as well as the
Beechworth Project occurs in the northeast of the state and contains intrusion related and mesozonal
gold mineralization.
All GPAC’s properties in Australia are 100% owned and have had historical gold production from hard rock
sources despite limited modern exploration and drilling.
Qualified Person
The technical content of this news release has been reviewed, verified and approved by Rex Motton ,
AusIMM (CP) , COO of GPAC, 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.
On behalf of GPAC
Rex Motton
Chief Operating Officer and Director
Reference
Sibson and Scott, 1998, Stress/fault controls on the containment and release of over -pressured fluids:
Examples from gold -quartz vein systems in Juneau, Alaska; Victoria, Australia and Otago, New Zealand .
Ore Geology reviews, Vol13, pp 293-306.
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.
For further information: Adam Ross, Investor Relations, Direct: (604) 229 -9445, Toll Free: 1(833) 923-
3334, Email: [email protected]