Great Pacific Gold Intercepts 58.9m at 2.5 g/t AuEq - First Kavasuki Drill Results (2.50 g/t AuEq = 2.43 g/t Au, 2.75 g/t Ag, 0.02% Cu – see notes at end of release)
TSX-V: GPAC OTCQX: GPGCF GER: 0B3
www.gpacgold.com | 1
Great Pacific Gold Intercepts 58.9m at 2.5 g/t AuEq - First Kavasuki Drill Results
(2.50 g/t AuEq = 2.43 g/t Au, 2.75 g/t Ag, 0.02% Cu – see notes at end of release)
March 3, 2026 – Vancouver, BC, Canada – Great Pacific Gold Corp. ("Great Pacific Gold," "GPAC," or the
"Company") (TSXV: GPAC | OTCQX: GPGCF | Germany: 0B3) announces assay results from the first drill
hole at Kavasuki, located approximately 1 kilometre north of Sinivit along the Wild Dog Structural Corridor
at its flagship Wild Dog Project (“Wild Dog” or the “Project”), located on the island of New Britain, East
New Britain Province, Papua New Guinea ("PNG") . In February, the Company announced a second drill
rig had arrived at the Project and commenced drilling on the Kasie Ridge epithermal gold -copper target
while the first drill rig remains focused on an updated 5,000m program at Sinivit – Kavasuki (Figure 1).
Highlights from Drill Hole KVH-01 and update on further drilling:
• 58.9 metres @ 2.50 g/t AuEq from 38.6m (2.43 g/t Au, 2.75g/t Ag, 0.02% Cu), including
o 4.6 metres @ 8.56 g/t AuEq from 49.0 m (8.24g/t Au, 10.19 g/t Ag, 0.13% Cu).
• And 18.1 metres @ 2.14 g/t AuEq from 100.6 m (2.08 g/t Au, 1.60 g/t Ag, 0.03% Cu).
• Mineralization near-surface and hosted within hydrothermal quartz breccia
• Intersection provides more clarity of structural orientation
• KVH-02 complete, KVH-03 underway
• GPAC hosting an “Analyst Day” at the PDAC Conference in Toronto today
“KVH-01 confirms the presence of a well -developed mineralized structure at Kavasuki,” stated Callum
Spink, Vice President, Exploration. “The broad intersection of multi-gram gold within a sulphide -bearing
quartz breccia system, near surface, is consistent with the style of minerali zation observed at Sinivit.
Structural measurements define a west to west-northwest dipping vein orientation, meaning this hole was
at least partially drilled down the vein, but the structural data provides confidence in previous drilling and
improved targeting clarity as we continue to evaluate continuity along strike and down- dip within the
broader Sinivit–Kavasuki corridor.”
KVH-01 Results Confirm Structural Continuity at Kavasuki
Kavasuki is an epithermal vein system approximately 1 km north of Sinivit with high -grade gold
mineralization identified by historic drilling and exploration work1 over 900 meters of strike length. Two
high-grade shoots are believed to be present at Kavasuki with the first GPAC drilling initiated recently.
Drill hole KVH-01 was designed to test a revised structural interpretation that the principal Kavasuki vein
dipped approximately 55-70° to the east. Structural measurements from KVH-01, supported by drilling in
www.gpacgold.com | 2
KVH-02, indicate that the vein system instead dips west to west- northwest at moderate to steep angles.
Based on this refined interpretation, KVH -03 has been redesigned and is currently underway to confirm
the geometry of the system.
Mineralization is hosted within multi-phase hydrothermal quartz breccia containing sulphide assemblages
including pyrite, chalcopyrite and bornite. The alteration style and sulphide development are consistent
with a structurally controlled epithermal vein system. The mineraliz ed intercept lies within a 300 m by
200 m coincident IP chargeability anomaly (6 –8 ms), comparable in scale to the Northern Sulphide Zone
at Sinivit. (Note: the presence of an IP anomaly does not necessarily indicate economic mineralization).
Figure 1: Inset is a map of the Wild Dog Structural Corridor pipeline of epithermal targets developed from
historical and recent work on the Project , while the main figure is a long section looking west along the
Wild Dog Structural corridor and highlighting the 3 km strike length of the Sinivit – Kavasuki area.
Figure 2: Long section looking west along Kavasuki illustrating historic drill intercepts, trench results and
gram–metre AuEq distribution. Mineraliz ation defines a structurally controlled epithermal vein system
extending over approximately 900 m at Kavasuki . KVH-03 is targeting a similar pierce point to KVH -01,
drilling from the opposite side of the vein.
www.gpacgold.com | 3
Kavasuki Drill Program Strategy – 2026
The 2026 Kavasuki drill program is designed to confirm structural geometry and test continuity along strike
and down-dip.
KVH-01 was initially designed to test a revised east -dipping interpretation. However, structural
measurements and follow-up drilling in KVH-02 confirm the principal vein dips west to west-northwest at
moderate to steep angles.
With this geometry established, KVH-03 has been redesigned to optimally test the confirmed west-dipping
structure. Drill holes are spaced at approximately 30 m vertical intervals to confirm continuity before
stepping out to broader 50 m spacing.
The program will systematically evaluate:
• Down-dip continuity beneath historic high-grade intercepts
• Strike continuity within the 900 m mineralized trend
• The relationship between mineralization and the coincident IP anomaly
The broader Sinivit–Kavasuki corridor represents approximately 3 km of the 15 km Wild Dog Structural
Corridor and remains a key focus of the 2026 program.
Geology Summary – KVH001
Diamond drill hole KVH -01 was completed to a depth of 159 metres. The upper portion (17 –41 m)
comprises oxidised volcanic host rocks. Below 41 metres, hydrothermal quartz brecciation becomes
dominant with increasing sulphide development.
A significant quartz breccia interval occurs between 41 and 82 metres, containing variable but locally
strong sulphide mineralisation. Sulphides include pyrite, chalcopyrite, minor bornite and trace
molybdenite. Black sulphidic silica zones become prominen t from approximately 51 metres.
Mineralisation commonly occurs as sulphide rims around brecciated clasts within a quartz matrix.
From 82 to 128 metres, silicified and locally phyllic-altered volcanics dominate, hosting quartz-carbonate
veins and fracture -controlled sulphide mineralisation. Veining intensity decreases below 128 metres,
transitioning into weaker silicification and predominantly propylitic alteration below 154 metres.
Structural measurements define a northeast –southwest striking vein system dipping west to west-
northwest (280° –315°) at moderate to steep angles (50° –85°). Multi -phase veining and brecciation
indicate repeated structural reactivation and sustained hydrothermal fluid flow.
The mineralized intercept lies within a 300 m by 200 m coincident IP chargeability anomaly (6 –8 ms),
comparable in scale to the Northern Sulphide Zone at Sinivit. The presence of an IP anomaly does not
necessarily indicate economic mineralization.
Drill core photos are shown in Figures 3 through 8.
www.gpacgold.com | 4
Figure 3: KVH-01 core photograph (67.4 m): Bands of dark sulphides within quartz breccia.
Figure 4: KVH-01 core photograph (48.18–50.67 m): sulphide-bearing quartz breccia.
Figure 5: KVH-01 core photograph (50.67–53.27 m): sulphide-bearing quartz breccia.
12.7g/t
6.8g/t
6.52g/t
6.03g/t
29.0g/t
2.7g/t
0.67g/t
www.gpacgold.com | 5
Figure 6: KVH-01 core photograph (81.0 m): hydrothermal quartz breccia with partial oxidation and thin
bands of black sulphides.
Figure 7: KVH-01 core photograph (104.5–107 m): sulphide-bearing quartz breccia.
Figure 8: KVH-01 core photograph (106.6–108.9 m): high-grade zone within brecciated quartz.
Updated Structural Interpretation and Follow-Up Drilling
KVH-02 was drilled from the same pad at a steeper inclination to test the interpreted down-dip extension
of the KVH -01 mineralised structure. While the hole intersected alteration and structural features
www.gpacgold.com | 6
consistent with the hydrothermal system, visually it did not appear to contain significant gold
mineralization.
The results have refined the Company’s understanding of the vein geometry and have led to the redesign
of KVH-03 to better target the interpreted high-grade shoot within the broader IP chargeability anomaly.
PDAC Analyst Day Presentation
Great Pacific Gold is hosting an analyst technical presentation in Toronto, Canada today in parallel with
the annual PDAC conference. Vice President Exploration, Callum Spink, and Vice President Corporate
Development, Mick Carew, will lead a technical discussion on the Company’s Wild Dog Project results to-
date, along with a detailed technical overview of the Project and regional geology. CEO, Greg McCunn,
will also speak to the group. Materials from the analyst presentation will be available on the Company’s
website following the event.
On behalf of Great Pacific Gold:
Greg McCunn
Chief Executive Officer and Director
For further information, visit gpacgold.com or contact:
Investor Relations
Phone +1-778-262-2331
Email: [email protected]
Table 1: Kavasuki Drill Hole Details (PNG94 UTM Zone 56 coordinates).
Hole ID Easting Northing RL Dip Azi Max
Depth
(m)
Status
KVH-01 395247.0 9490693.0 842 -55 304 159 Complete
KVH-02 395248.0 9490692.0 842 -71 304 165 Complete
KVH-03 395178.0 9490701.0 803 -53 100 tbd In Progress
Table 2: Kavasuki Drill Hole Key Assay Results
Hole ID From
(m)
To
(m)
Interval2
(m)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Gold Eq.3
(g/t)
KVH-01 38.60 97.50 58.9 2.43 2.75 0.02 2.50
Including 49.00 53.60 4.60 8.24 10.19 0.13 8.56
KVH-01 100.60 118.70 18.1 2.08 1.60 0.03 2.14
Notes:
1. For information on historic drilling, please refer to the Company’s technical report entitled
“Technical Report on Wild Dog Project, Papua New Guinea” by RSC Consulting Ltd effective
March 31, 2025, which is filed on SEDAR+ and available on the Company’s website.
2. Drill highlights presented above are core lengths (true widths are not known at this time).
3. Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices
with a copper price of US$4.50/lb, a silver price of US$27.50/oz and a gold price of US$2,000/oz.
No metallurgical testing has been carried out on Wild Dog mineralized samples. For AuEq
www.gpacgold.com | 7
calculations, recovery assumptions of Au 92.6%, Ag 78.0%, and Cu 94.0% were used based on K92
Mining’s stated recovery results in an Updated Definitive Feasibility Study for the Kainantu mine.
Qualified Person
The technical content of this news release has been reviewed, verified and approved by Callum Spink, the
Company’s Vice President, Exploration, who is a member of the Australian Institute of Geoscientists,
MAIG, and a Qualified Person as defined by National Instrument 43 -101 Standards of Disclosure for
Mineral Projects. Mr. Spink is responsible for the technical content of this news release. Mr. Spink is not
independent of the Company.
Quality Assurance / Quality Control (QAQC)
The Company follows industry -standard Quality Assurance and Quality Control (QA/QC) procedures.
Diamond drill core (HQ and PQ diameter) was sawn in half, with one -half submitted to Intertek Minerals
Ltd. in Lae, Papua New Guinea, an ISO 9001- certified independent analytical laboratory with
internationally recognized quality standards.
Gold analyses were completed by fire assay, with copper and silver initially determined by aqua regia
digestion and atomic absorption and subsequently updated using four -acid digestion (MS48) multi -
element analysis.
Certified reference materials (standards) and blanks were inserted into the sample stream at industry -
standard frequencies, including routine insertion of blanks following mineralised intervals. All assay
batches received to date have passed QA/QC review and fall within acceptable tolerance limits.
Core recoveries were within acceptable ranges, and sampling procedures were carefully managed in areas
of variable ground conditions.
About Great Pacific Gold
Great Pacific Gold’s vision is to become the leading gold -copper development company in Papua New
Guinea ("PNG"). The Company has a portfolio of exploration-stage projects in PNG, as follows:
• Wild Dog Project: the Company’s flagship project is located in the East New Britain Province of
PNG. The project consists of a large -scale epithermal target, the Wild Dog structural corridor,
stretching 15 km in strike length and potentially over 1,000 metres deep based on a recent
MobileMT geophysics survey. The survey also highlighted the Magiabe porphyry target, adjacent
to the epithermal target and potentially 1,000 metres in diameter and over 2,000 metres deep.
Drilling of the epithermal structure on the Sinivit target has yielded high- grade results, including
WDG-08 which intercepted 8.4 metres at 50 g/t AuEq from 154 metres. The current drilling
program will extend into 2026 with second drill rig expecting to be operational in early February
2026.
• Kesar Project: located in the Eastern Highlands Province of PNG and contiguous with the mine
tenements of K92 Mining Inc. ("K92"), the Kesar Project is a greenfield exploration project with
several high -priority targets in close proximity to the property boundary with K92. Multiple
epithermal veins at Kesar are on strike and have the same orientation as key K92 deposits, such
as Kora. Exploration work to date by the Company at the Kesar Project has shown that these veins
have high grades of gold present in outcrop and very elevated gold in soil grades, coincident with
aeromagnetic highs. The Company conducted a diamond drill program on key target areas at the
www.gpacgold.com | 8
Kesar Project from November 2024 to May 2025 and have developed a follow-up Phase 2 program
for 2026.
• Arau Project: also located in the Eastern Highlands Province of PNG, the Arau Project is south of
and contiguous to the mine tenements of K92. Arau contains the highly prospective Mt. Victor
exploration target with potential for a high sulph idation epithermal gold- base metal deposit. A
Phase 1 Reverse Circulation drilling program was completed at Mt. Victor in August 2024, with
encouraging results. The Arau Project includes the Elandora licence, which also contains various
epithermal and copper-gold porphyry targets.
The Company also holds the Tinga Valley Project in PNG.
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, most 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 the properties held by K92 Mining Inc. and at the Wafi -Golpu deposit is not necessarily
indicative of mineralization at the Wild Dog Project.
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.