Great Pacific Gold Completes Phase 2 Sampling Program at Kesar Creek Project in Papua New Guinea
Great Pacific Gold Completes Phase 2 Sampling Program at Kesar Creek
Project in Papua New Guinea
VANCOUVER, British Columbia, July 26, 2024 -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company")
(TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce the completion of the Phase 2 soil and chip
sampling program at the Kesar Creek Project in Papua New Guinea (see Figure 1).
Highlights:
• 667 soil samples and 8 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 (see Figure 2).
• 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 M Oz at 10.24 g/t Au equivalent
Measured and Indicated plus a further 3.9 million ounces Inferred at 8.6 g/t Au equivalent (Sept 12, 2023).
The Kesar Creek Project consists of one exploration license, EL 2711, and is contiguous with the K92 Mining Inc. tenements,
approximately 10 km to the northwest and along strike from the Kainantu Gold Mine owned and operated by K92 Mining Inc
(Figure 2).
Figure 1- GPAC’s PNG projects map.
During this Phase 2 program, 667 soil samples along with 8 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 5.5km 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 GPAC News Release dated May 13, 2024 for details).
Figure 2 – Kesar Creek Gold-Copper Project
The extent of the current geochemical program is presented as white dots (Figure 3) as infill and extensional grid-based
sampling. The East Vein Zone is where the itinerant mining is currently being undertaken and is associated with the
granodiorite – sediment contact.
GPAC 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.”
Figure 3 – Kesar Creek Geochemical Sampling
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 30g charge and ICP-
OES finish. The quality control results are consistent.
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.
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 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
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. Mineralization at adjacent properties is not necessarily indicative of mineralization on Great Pacific Gold’s
properties.
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:
Photos accompanying this announcement are available at:
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