VANCOUVER, British Columbia, Oct. 28, 2024 (GLOBE NEWSWIRE) — Great Pacific Gold Corp. (“Great Pacific Gold,” “GPAC,” or the “Company”) (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is providing an update on one of its core projects, the Wild Dog Project (“Wild Dog” or the “Project”) located on the island of New Britian, Papua New Guinea.
With the 5,000 meter drill program underway at the Company’s Kesar Project, preparations have begun for a 2025 field program at its Wild Dog Project in East New Britain Province. Wild Dog is a district scale land package with significant potential to host multiple high-grade epithermal gold-copper deposits as well as promising copper-gold porphyry targets.
Wild Dog Highlights
- A district scale 1,424 km2 project within a major north-northeast trending structural corridor 26km long and over 400m wide (Nengmukta Fault System)
- Within the Nengmukta Fault System, the Project hosts an 11km long set of epithermal vein targets known as the Wild Dog – Gunsap structural corridor (Figure 1)
- Approximately 1,100 meters of the 11km long epithermal vein target was mined (2008-2014) to a shallow depth via open pit mining focused on oxide material
- Top priority exploration targets on the largely unexplored portions of the Wild Dog Project include the Kavursuki and Gorocha Hill epithermal vein targets in the Wild Dog – Gunsap structural corridor
- Various porphyry intrusion copper-gold targets occur including the Magiabe target, which has an associated Induced Polarisation geophysical anomaly but has never been drill tested (Figure 2)
- Historical data includes soil sampling, rock sampling, trenching and drilling over limited amounts of the exploration area
- Historical drilling intercepts1 in the Wild Dog prospect area epithermal vein structure include:
- Hole 90-WDD-086 intersected 11.3m @ 16.8 g/t AuEq2 from 18.5 meters (16.2 g/t Au, 0.35%Cu)
- Hole 87-WDD-040A intersected 13.5m @ 9.0 g/t AuEq from 165 meters (8.56 g/t Au, 0.31% Cu)
- Hole 87-WDD-027 intersected 6.2m @ 19.3 g/t AuEq from 118 meters (19.1 g/t Au, 0.08% Cu)
- Selected samples from the Historic Stockpiles near the Wild Dog prospect area returned bonanza grades, including:
- Sample 30-104 assayed 242 g/t Au, 601 g/t Ag and 9.52% Cu
- Sample 68-001 assayed 123 g/t Au, 350 g/t Ag and 11.0% Cu
“With the Kesar drill program in full swing, it is now time to start preparatory exploration work at Wild Dog.” stated Greg McCunn, CEO of Great Pacific Gold. “With road access re-established by GPAC in Q3, the management team will be on site in November to develop our 2025 work program. We are excited about the potential of this highly prospective property and look forward to getting boots on the ground.”
About Wild Dog
The Project is located 50 kilometers south south-west of Rabaul in the Baining Mountains of the Gazelle Peninsula, East New Britian Province, PNG. Access to the property from the ports of Kokopo and Rabaul is via 40 kilometers of all weather road to Reit, and then to the Project property via a 12km unsealed road recently upgraded and rehabilitated by the Company.
The town of Kokopo has a population of approximately 50,000 and a major wharf facility and port are located in the nearby Port of Rabaul. The area is regularly serviced by flights directly from the capital city of Port Moresby.
The Project consists of two granted exploration licenses, EL 2761 and EL2516.
Tetra Tech Coffey Pty Ltd are currently acting as the environmental consultant for the Company, undertaking a site assessment involving the collection of water and sediment samples to understand the current site conditions.
Figure 1 Wild Dog Project Location and 11km target area for epithermal vein systems.
Figure 2 Top Priority Epithermal Vein target zones and Magiabe Cu-Au Porphyry Target
On behalf of Great Pacific Gold
Greg McCunn
Chief Executive Officer and Director
Notes:
(1) Drill highlights presented above are core lengths (not true widths), see news release dated July 5, 2023
(2) Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$4.00/lb, and a gold price of US$1,750/oz.
For further information visit gpacgold.com or contact:
Investor Relations
Direct: (604) 229-9445
Toll Free: 1(833) 923-3334
Email: info@gpacgold.com
Qualified Person
The technical content of this news release has been reviewed, verified and approved by Rex Motton, AusIMM (CP), COO of Great Pacific Gold, 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.
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration stage projects in Papua New…
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