Great Pacific Gold Receives Wild Dog Project License in Papua New Guinea
Great Pacific Gold Receives Wild Dog Project License in Papua New Guinea
April 29, 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 Resources Authority (the “MRA”) of the grant of the advanced stage
and past producing Wild Dog Exploration License (“EL”) 2516.
Highlights:
• 1424 sq km advanced stage project ( EL 2761 and 2516) with historic gold production .
• Multiple high -grade drill hole intercepts near surface historically reported, while the
project remains u nderexplored at depth and along strike, with multiple structures
within a 15km x 4km corridor largely untested by drilling, including several epithermal
targets and at least three copper -gold porphyry targets .
• Recent samples collected from a historic stockpile near the Wild Dog Zone include
Sample 30104 which assayed 242 g/t Au, 601 g/t Ag, 9.52% Cu and Sample 68001 which
assayed 122.5 g/t Au, 350 g/t Ag and 11% Cu.
• 1260 holes have been drilled on the property, most of which were focussed near
surface in support of past mining activities such as grade control drilling covering the
historic mined oxide epithermal deposit .
Bryan Slusarchuk, CEO of GPAC, states, “ EL 2516 covers a well known and highly coveted project ,
with a history of high grade epithermal near surface drill intercepts reported within a limited strike
length of 1km. There is significant potential along strike, with more than 90% of the projected strike
of the main structure untested due to a thin layer of volcanic ash masking the prospective target area.
Our management and technical team have already been preparing a detailed work program to
advance this significant advanced stage asset along strike and at depth . With this EL grant, GPAC
now has a multiple high priority gold and copper drill ready targets across the Wild Dog, Arau, Kesar
Creek and Tinga Valley Projects.”
With this gra nt of EL 2516, all of the Exploration License Applications (“ELA”) acquired via the
transaction through which GPAC purchased Wild Dog Resources have now been converted into
Exploration Licenses. 100% of the ground in PNG within GPAC now have EL, with no additional WDR
applications pending. Combined, these various EL total approximately 2500 sq km.
Chris Muller, GPAC Director, adds, “The focus of past drilling at Wild Dog has been on the near
surface high grade system, and this has obviously yielded some exceptional results. What attracted
me to the project originally, however, is the size potential which quickly became evident during the
due diligence process and through both field visits and an examination of a substantial amount of
historic data.”
The Wild Dog Project
The Wild Dog Project consists of two ELs (EL 2516 and 2761) totalling 1424 sq. km, which are
located on the island of New Britain and are approximately 50 km southwest of Rabaul and
Kokopo, PNG.
The Wild Dog Project occurs within a major NNE trending structure of at least 26 km in length which
transect apparent volcanic caldera structures and intrusions. During the Mio -Pliocene at least
three volcanic centres, known as the Nengmutka, Keravat and Sikut calderas, were localised along
this horst and graben zone. This structural corridor constitutes an epithermal and porphyry
hydrothermal -magmatic mineralized field.
The Nengmutka Caldera, which hosts the Wild Dog deposit, is characterised by a suite of calc -
alkaline andesite breccia and ash flow tuff known as the Nengmutka Volcanics (Lindley, 1988).
This formation has been mapped over an area of 600 sq. km. Tonalite o f the Arabam Diorite
intrudes the volcanic sequence and appears to be partly coeval with the caldera related
volcanism.
The precious metal prospects are associated with epithermal type veining that contain gold -silver-
telluride (Au- Ag-Te) mineralisation. Gold and silver occur as native metals and as telluride
minerals. Porphyry copper -gold type mineralization also occurs as sociated with these intrusion
centres that usually underly the epithermal systems. The whole of the recognised belt is held
within the Wild Dog tenements.
Within the central part of the Wild Dog project, a significant structural corridor called the “Wild
Dog – Gunsap Corridor” occurs. The corridor is at least 15 km long and up to 4 km wide and hosts
at least three porphyry copper -gold prospects and several epithermal gold deposits and
prospects.
The original Wild Dog epithermal gold deposit occurs within the “Wild Dog – Gunsap Corridor” in
the central part of the tenements. It was discovered in 1983, with exploration including extensive
mapping, trenching, rock sampling and drilling between 1983 a nd 2005 by various explorers. New
Guinea Gold Limited operated a small open pit mining operation from 2007 and 2011. No
exploration has occurred since the closure of the mine.
Figure 1. Wild Dog Project Location and Tenements Maps
Historical work completed by a previous operator returned significant gold assays. Channel
sampling at the Kavursuki Prospect yields 4m at 9.41 g/t Au and at the Kargalio Vein 6m at 11.5 g/t
Au.
Drilling of the Kavursuki Prospect by previous explorers, located within the Wild Dog Zone and
north of the former Wild Dog mine, also yielded positive high- grade results.
Table 1 – Kavursuki Prospect Significant Drill Intercepts
Hole ID N E RL Depth Azim Dip From (m)
Length
(m) Au g/t Cu ppm
90KVD005 9490500 395008 787 85.60 101.50 -45.00 5.35 1.25 12.80 1200
90KVD009 9490834 395227 758 93.85 101.50 -45.00 44.65 3.75 11.21 639
10KVD016 9490464 394971 798 51.00 101.50 -50.00 35.44 8.06 6.49 194
10KVD017 9490464 394970 798 50.00 101.50 -65.00 29.08 1.12 33.70 120
11KVD019 9490496 395039 807 45.10 101.50 -60.00 11.10 5.25 9.45 167
11KVD020 9490537 395045 805 50.90 101.50 -50.00 32.45 11.05 3.18 377
11KVD025 9490809 395241 752 45.20 101.50 -50.00 14.75 8.15 18.77 2801
11KVD026 9490810 395272 776 51.70 281.50 -60.00 33.80 5.10 14.70 101
11KVD027 9490870 395252 767 56.10 101.50 -50.00 30.70 1.90 10.35 46
Apart from the drilling conducted at the former Wild Dog gold mine there remain several drill
intercepts that require further exploration outside of the mine environment as tabulated below,
apart from the various trenching and channel sampling targets.
Table 2 – Wild Dog Prospect Area Significant Drill Intercepts
Hole ID N E RL Depth Azim Dip From Length Au g/t
Cu
ppm
86WDD020 9489141 394278 983 259.35 103.50 -60.00 129.35 7.70 5.28 902
87WDD024 9489117 394316 965 152.55 98.50 -60.00 138.25 5.10 8.32 8556
87WDD027 9489115 394325 965 200.40 98.50 -60.00 117.95 6.20 19.13 786
87WDD040A 9489219 394320 994 280.99 103.50 -60.00 148.60 4.20 12.50 4066
87WDD045 9489235 394287 988 300.20 103.50 -60.00 201.30 2.85 16.94 32123
87WDD051 9489249 394257 985 309.10 103.50 -60.00 253.95 6.05 7.29 2054
87WDD058 9489285 394359 977 285.90 101.50 -60.00 147.00 12.45 4.96 6694
87WDD064 9489179 394289 1001 290.60 101.50 -60.00 158.00 14.95 2.73 650
87WDD065 9489160 394330 996 250.10 101.50 -60.00 142.70 4.65 5.49 3246
87WDD069 9489139 394375 991 123.50 101.50 -60.00 88.55 7.75 7.12 7151
08WDD111 9489393 394513 906 100.00 281.50 -60.00 48.40 7.10 5.47 931
85WDD014 9488708 394260 954 86.20 113.50 -51.00 48.25 5.25 9.79 10863
86WDP010 9488839 394302 909 60.00 83.50 -60.00 34.00 6.00 6.71 5047
87WDD040A 9489219 394320 994 280.99 103.50 -60.00 164.55 13.50 8.56 3056
90WDD086 9488948 394337 890 79.00 78.50 -50.00 18.45 11.25 16.22 3473
97WD098 9489389 394487 905 39.00 98.50 -45.00 12.00 8.00 9.73 NA*
NA* - not assayed or not available.
Table 3 – Mengmut Prospect Significant Drilling Intercepts
Hole ID North East RL Depth Azim Dip From Length Au g/t
Cu
ppm
MRC01 9487963 393871 968 20.00 0.00 -90.00 2.00 18.00 3.05 3084
MRC02 9487978 393874 971 30.00 0.00 -90.00 0.00 18.00 3.07 1053
90WDD087 9488091 394082 1021 61.95 101.50 -50.00 7.30 1.35 5.02 1650
90WDD088 9488104 394070 1023 40.30 101.50 -50.00 21.30 1.55 3.95 25
MMD003 9486870 393532 924 104.00 133.00 -50.00 2.35 4.42 NA*
MMD006 9486770 393479 945 122.05 133.00 -50.00 2.55 4.16 NA*
Additionally, multiple samples collected from a historic stockpile near the Wild Dog Zone returned
bonanza grades of gold and copper including Sample 30104 which assayed 242 g/t Au, 601 g/t Ag,
9.52% Cu and Sample 68001 which assayed 122.5 g/t Au, 350 g/t Ag and 11% Cu.
Figure 2 - Previous IP exploration survey at Wild Dog Project.
The exploration program at the Wild Dog Project will initially focus on drilling extensions to known
gold mineralization within the Wild Dog – Kavursuki mineralized corridor (Figure 3, Tables 1 & 2) as
well as other targets within the Wild Dog Structure such as Mengmut prospect (Table 3). Other
targets to be explored include the copper -gold Magiabe porphyry target as well as regional
geochemical targets established by previous explorers. Extension of the IP coverage in the
Magiabe area could better define the target. Orientation soil geochemistry and auger drilling
through the shallow cover sequence in prospective areas will be underta ken (Figure 2).
Figure 3 – Wild Dog Deposit long section with proposed drill target .
As a result of the grant of EL 2516, the Company issued to certain property vendors and/or
stakeholders a total of 982,143 common shares at a deemed price of $1.12 for a deemed value of
$1,100,000. The Company will also be making cash payments to certain vendors and stakeholders
(see news release dated July 5, 2023) . The shares issued are subject to restrictions on resale for a
period of four months from the date of issue.
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 (ASX:SXG) Sunday Creek exploration project and a large group of recently
consolidated granted tenements called the Walhal la 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
Bryan Slusarchuk
Chief Executive 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 whic h 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]