Great Pacific Gold Announces Grant of Exploration License for Arau Project
Great Pacific Gold Announces Grant of Exploration License for Arau Project
February 22, 2024. Great Pacific Gold Corp . ("Great Pacific Gold ,” “GPAC,” or the "Company") (TSXV:
GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that it has received notification from the
Papua New Guinea Mineral Resource s Authority (the “MRA”) of the grant of Exploration License (“EL”)
2715.
The grant of EL 2715 means GPAC’s Arau Project is now wholly covered with granted exploration licenses
(the other license at Arau being EL 2651, which was previously renewed).
With this latest EL granted, almost all the Exploration License Applications (ELA) acquired by GPAC have
now been converted into licenses. Kesar Creek is now fully covered by licenses, Arau is now fully covered
by licenses and Wild Dog is partly covered by licenses (with one remaining ELA awaiting conversion an EL).
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 acquired a significant 2,166 sq. km mineral exploration land package
in PNG. The land package comprises of exploration licenses (EL) and exploration license applications (ELA).
It includes both early-stage and advanced-stage exploration targets with high-grade epithermal vein and
porphyry-style mineralisation present.
The Arau Project consists of two granted exploration licenses, EL 2651 and EL 2715, located in the Kainantu
region, and includes the Mt. Victor Prospect, where previous drilling found a multiple phase intrusion
complex hosting copper and gold mineralisation.
The Wild Dog Project consists of one granted exploration license, EL 2761, and one exploration license
application, ELA 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.
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 mineralisation 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 571 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 mineralisation , including the
famous high grade Cohen’s Reef at Walhalla . Additionally, Great Pacific Gold has another gold-focused
project called the Moormbool project which has epizonal style gold mineralisation and associated
potential intrusion-related gold mineralisation, 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
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]