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.
Insight on Wild Dog Project
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
- 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
- Historical data includes soil sampling, rock sampling, trenching, and drilling over limited amounts of the exploration area
- Historical drilling intercepts in the Wild Dog prospect area epithermal vein structure include:
- Hole 90-WDD-086 intersected 11.3m @ 16.8 g/t AuEq 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 southwest of Rabaul in the Baining Mountains of the Gazelle Peninsula, East New Britain Province, PNG. The Company is actively engaged in environmental assessments and access road rehabilitation in the area.
Tetra Tech Coffey Pty Ltd is currently acting as the environmental consultant for the Company, undertaking a site assessment involving the collection of water and sediment samples to have a comprehensive understanding of 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
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.
- 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.
- Arau – located in Eastern Highlands province of PNG, the Arau Project contains the highly prospective Mt. Victor exploration target with potential for a high sulfidation epithermal gold-base metal deposit.
- 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 also holds a number of other exploration projects including the recently acquired Tinga Valley Project.
