Great Pacific Gold Provides Corporate Update on Wild Dog, Kesar Drilling and AGM Results
TSXV:GPAC
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Great Pacific Gold Provides Corporate Update on Wild Dog,
Kesar Drilling and AGM Results
November 26, 2024, Vancouver, BC Canada. Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or
the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is providing a corporate update on its Wild
Dog Project (“Wild Dog”), its ongoing diamond drilling program at the Kesar Project (“ Kesar”) and its
recently held Annual General Meeting (the “AGM”).
Highlights
• GPAC executive team recently visited Kesar and Wild Dog
• Kesar Anteruno diamond drilling program progressing well:
o ~1,000 meters of drilling completed to-date with two diamond rigs turning
o Holes KDH-01 and KDH-02 tested NW-SE Anteruno structures drilling from North to South
o Hole KDH-03 is testing a parallel structures drilling South to North
o 2,500 meters of drilling and five holes expected to be completed by year-end, with drilling
planned to continue through Christmas and into January
o East Vein Target mapping and soil sampling underway with drilling expected in Q1 2025
• Wild Dog Site Visit reiterated that Wild Dog is a mid-stage exploration project with high-grade
and bulk tonnage potential
o Previous small scale open pit mining has revealed a high-grade gold-copper system with
intense alteration and brecciation
o Epithermal/oxide system open along strike and at depth
• Post the 2024 completion of various road access projects, Wild Dog 2025 program developed to
include:
o infrastructure establishment and data consolidation, and
o diamond drilling focused on 3km portion of Wild Dog structure
• GPAC’s AGM was held on November 26, 2024 and all proposed resolutions were approved
including the re-election of the five Directors
“The executive team’s inaugural visit to Wild Dog, alongside our in-country GPAC personnel, provided an
invaluable opportunity to see the tremendous potential of this project firsthand,” said Greg McCunn, CEO
of Great Pacific Gold. “Joining me on this visit were our new Vice President of Exploration, Callum Spink,
Vice President of Corporate Development, Mick Carew, and Director Chris Muller . After the visit we
planned out an extensive exploration program for 2025 focused on a 3km portion of the Wild Dog corridor.
This area had historical mining operations which exposed intense and extensive brecciation, alteration and
veining, pointing to a substantial hydrothermal system as indicated by high-grade intervals from previous
drilling.”
Mr. McCunn continued, “Meanwhile, at our Kesar Project, diamond drilling is progressing well, with two
drills active and approximately 1,000 meters completed to date. We are encouraged by the visual results
and are planning to extend the program into 2025 to include testing the highly prospective East Vein Zone,
located 2 kilometers north of current drilling at Anteruno. We look forward to updating the market with
results as they become available.”
Annual General Meeting
GPAC is also pleased to announce the results of the AGM held on November 26, 2024. At the AGM,
shareholders approved all motions put forth including re -election of Greg McCunn, Chris Muller, Robert
McMorran, Iain Martin and Charles Hethey. The shareholde rs also approved the appointment of BDO
Canada LLP as the auditors of the Company, as well as the 10% rolling stock option plan and the securities-
based compensation plan (“SBC Plan”).
The SBC Plan permits the grant of Restricted Share Units (as defined in the Equity Plan) and Deferred Share
Units (as defined in the SBC Plan) (Restricted Share Units and Deferred Share Units collectively referred
to as “Awards”). The maximum number of shares issuable pursuant to the Awards that may be granted
under the SBC Plan is fixed at 10,022,854. Further, the maximum number of shares for which Awards and
other share compensation issuable to: (i) any participant shall not exceed 5% of the outstanding shares
within any one-year period, (ii) a consultant shall not exceed 2% of the outstanding shares within any one
year period; and (ii) insiders as a group shall not exceed 10% of the outstanding shares. No persons
providing investor relations activities may be granted Awards under the SBC Plan. All Awards are subject
to a mandatory one year vesting requirement. Additional details of the SBC Plan are set forth in the
Company’s information circular dated October 24, 2024.
In conjunction with the AGM, the GPAC Board approved the granting of 775,000 restricted share units to
current and newly hired management and consultants.
On behalf of Great Pacific Gold
Greg McCunn
Chief Executive Officer and Director
For further information visit gpacgold.com or contact:
Investor Relations
Direct: (604) 229-9445
Toll Free: 1(833) 923-3334
Email: [email protected]
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration stage projects in Papua New Guinea (“PNG”) and Australia.
The Company is focused on developing gold-copper resources from its highly prospective land packages.
Its core projects include:
• Kesar – located in the Eastern Highlands province of PNG and contiguous with K92 Mining’s
mine tenements, Kesar 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 of key K92 deposits such as Kora. Exploration work to date
by GPAC at Kesar has shown that these veins have high grades of gold present in outcrop and
very elevated gold in soil grades, coincident with aeromagnetic highs.
• Arau – located in Eastern Highlands province of PNG, the Arau Project contains the highly
prospective Mt. Victor exploration target with potential for a high sulphidation epithermal gold -
base metal deposit. A Phase 1 Reverse Circulation drilling program was comp leted at Mt. Victor
in August 2024, with results pending. The Arau project includes the Elandora licence which also
contains various epithermal and copper-gold porphyry targets.
• Wild Dog – located in the East New Britain province of PNG, Wild Dog is a brownfield exploration
project with a history of small-scale gold mining. The project contains numerous epithermal and
porphyry hydrothermal-magmatic targets evidenced by previous exploration and operations. The
Company completed a road refurbishment in August 2024 and access to the project has been
established for baseline environmental and exploration work.
• Lauriston – located in the state of Victoria, Australia, the Lauriston project is located on the
southern extension of the Fosterville Goldfield Belt and is adjacent to Agnico Eagle’s extensive
Fosterville tenements and mine operations. Lauriston contains the Comet-Trojan target, a 4.5km
long epizonal orogenic system. The discovery hole at Comet intersected 8m at 105 g/t gold and a
follow-up drilling program was completed in Q3 2024. The Company is consolidating its
information on the Lauriston project and expects t o publish an NI 43 -101 compliant technical
report.
• Walhalla – located in the state of Victoria, Australia, the Walhalla project consists of over
1,400km2 of concessions including the numerous historical mining operations and the recently
acquired Woods Point land package. The Company is consolidating its information on the
Walhalla project and expects to publish an NI 43 -101 compliant technical report. W alhalla
contains a high -priority greenfield target called Pinnacles. Extensive soil geochemistry has
highlighted a 400m x 1,100m gold mineralized aplitic dyke which contains disseminated sulphides
and outcrops at surface. The Pinnacles target is fully permitted and ready for drilling.
The Company also holds a number of other exploration projects including the recently acquired Tinga
Valley Project.
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.