Great Pacific Gold Unveils Focused Exploration Strategy for Core Projects

GREAT Pacific Gold Corp. (GPAC), a significant player in the global mining sector, has recently announced a strategic shift focusing on its exploration projects in Papua New Guinea (PNG) and Victoria, Australia.

This new strategy aims to develop its gold-copper resources and maximize shareholder value by prioritizing five core projects: Kesar and Arau in PNG, and Wild Dog, Lauriston, and Walhalla in Australia. The company is also assessing its non-core assets for potential value enhancement through sales or other strategic moves.

Background on Great Pacific Gold Corp.

Great Pacific Gold Corp. has built a strong reputation in the mining industry through its strategic acquisitions and development of high-potential exploration assets. The company’s robust portfolio spans various geographies, reflecting its commitment to exploring and developing valuable mineral resources. GPAC’s approach has involved amassing assets with significant exploration potential, positioning itself as a key player in the mining sector.

New Exploration Strategy

GPAC’s newly announced exploration strategy marks a shift from its previous acquisition-focused approach to a more targeted development strategy. The company has identified five core projects for immediate focus:

Kesar Project (PNG): Located in the Eastern Highlands Province of PNG, Kesar is a greenfield exploration project adjacent to K92 Mining’s tenements. The project’s promising potential stems from its epithermal veins that align with K92’s key deposits. Initial exploration has indicated high-grade gold in outcrops and elevated gold levels in soil samples. A phase two sampling pro-gram and drilling have recently been completed, with results pending.

Arau Project (PNG): Also situated in the Eastern Highlands Province, Arau features the Mt. Victor exploration target, known for its potential high-sulphidation epithermal gold-base metal deposit. The project includes the Elandora licence, which hosts several epithermal and copper-gold porphyry targets. A Phase 1 Reverse Circulation drilling program was completed in August 2024, and further exploration is underway.

Wild Dog Project (PNG): Located in the East New Britain Province, Wild Dog is a brownfield exploration project with a his-tory of small-scale gold mining. The project contains multiple epithermal and porphy-ry targets identified in past exploration ef-forts. Recent infrastructure improvements, including road refurbishments, have en-hanced access to the site for environmental and exploration work.

Lauriston Project (Victoria, Australia): Lauriston, positioned on the southern extension of the Fosterville Goldfield Belt, is adjacent to Agnico Eagle’s Fosterville operations. The project features the Comet-Tro-jan target, known for high-grade gold intersections. A follow-up drilling program was completed in Q3 2024, with data consolidation underway for an NI 43-101 compliant technical report.

Walhalla Project (Victoria, Australia): Covering over 1,400 km², Walhalla includes historical mining sites and the newly acquired Woods Point land package. The Pinnacles target, identified through extensive soil geochemistry, shows significant gold mineralization. This target is fully permitted and ready for drilling, with a technical re-port expected soon.

The Papua New Guinea (PNG) government views GPAC’s focused exploration strategy as a significant opportunity for both economic development and regional growth. The government recognizes that the advancement of gold-copper resources in PNG can lead to substantial economic benefits, including job creation, infrastructure development, and increased revenue through mining operations.

GPAC’s exploration projects, particularly in the Eastern Highlands Province, align with the government’s broader objectives to har-ness the country’s rich mineral resources for sustainable development.

The Kesar and Arau projects are expected to contribute to the local economy by providing employment opportunities and stimulating ancillary industries. The government supports these projects through streamlined permitting processes and infra-structure development to facilitate mining activities.

Additionally, the government sees GPAC’s investment as an affirmation of PNG’s attractiveness as a mining destination. By prioritizing exploration and development in the region, GPAC is helping to position PNG as a competitive player in the global mining sector. This, in turn, supports the government’s goal of attracting further investment and fostering long-term economic growth.

GPAC’s shift from acquisition to development underscores its commitment to transforming its core projects into significant mineral resources. CEO Greg McCunn highlighted this strategic pivot as a crucial step towards enhancing shareholder value. The company is also exploring opportunities to optimize its non-core assets in Australia through asset sales or strategic transactions.

In summary, Great Pacific Gold Corp.’s new exploration strategy reflects a focused effort on advancing key projects in PNG and Victoria, Australia, with the potential to drive substantial value and long-term returns for shareholders. The PNG government’s support of these initiatives further underscores the significance of GPAC’s efforts in contributing to the country’s economic development and strengthening its position in the global mining landscape.