Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) (“Great Pacific Gold,” “GPAC,” or the “Company”) is pleased to announce the results of its Phase 1 drill program at the Wild Dog Project, located in Papua New Guinea.
The drill program is designed to test high-priority targets over a 3km strike length within the mineralized corridor with approximately 2,500 metres of diamond drilling across 16 planned holes. The Wild Dog corridor was previously flown with MobileMT geophysics, which identified a strong conductivity trend extending over 15km in strike and to depths exceeding 1,000 metres.
Key Highlights from Current Drilling
- Drill hole WDG-02 targeted sulphide mineralization beneath the historic Central Oxide Pit and intercepted 7.0 meters @ 10.3 g/t AuEq (5.5 g/t Au and 3.1% Cu) from 65.0m.
- WDG-03 was drilled 200m south of WDG-02 and targeted sulphide mineralization beneath the historic Southern Oxide Pit. The hole ended at 124m and intercepted multiple intervals of strongly shattered breccia with intense phyllic alteration, grey sulphide and quartz veining, including the main Wild Dog vein structure.
- WDG-04 is underway and being drilled from the same pad as WDG-03, targeting a follow-up intercept with the main Wild Dog vein structure.
Drill Results
| Drill Hole | From | To | Interval | Gold | Copper | Gold Eq. |
|---|---|---|---|---|---|---|
| WDG-02 | 65.0m | 72.0m | 7.0m | 5.5 g/t | 3.1% | 10.3 g/t |
| WDG-03 | 124.6m | N/A | N/A | N/A | N/A | N/A |
Geology and Assay Results
Diamond drill hole WDG-02 was collared in weathered andesite which persisted down the hole to approximately 5 meters. Fresh rock began at 10m and was composed of predominantly lapilli tuff and volcanoclastic conglomerate. From 41.1 meters to 46.6 meters the drilling intersected pervasive silicification with dark silica veining before transitioning back to massive tuff from 46.6 meters to 55.3 meters.
Hydrothermal breccia was first intersected at 55.3 meters with the first 9.7 meters to 65 meters downhole having minor occurrences of black sulphide with chalcopyrite. From 65 meters to 72 meters (7.0 meters) the core showed intense type 3 vein structure with black sulphide veining and coarse chalcopyrite and bornite. Gold grade averaged 5.5 g/t over this interval with 3.1% copper for a gold equivalent of 10.3 g/t.
Quality Assurance/Quality Control
The Company follows industry-recognized standards of Best Practice and Quality Assurance/Quality Control. Samples were submitted to Intertek Minerals Ltd. (ISO: 9001), located in Lae, Papua New Guinea in sealed in poly-weave bags using single use tie-locks, thereby ensuring chain of custody, for fire assay and ICP analysis.
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration-stage projects in Papua New Guinea (“PNG”). The Company is focused on developing gold-copper resources from its highly prospective land packages. Its core projects include:
- Kesar Project: located in the Eastern Highlands province of PNG and contiguous with the mine tenements of K92 Mining Inc. (“K92”), the Kesar Project is a greenfield exploration project with several high-priority targets in close proximity to the property boundary with K92.
- Wild Dog Project: located in the East New Britain province of PNG, the Wild Dog Project is a brownfield exploration project with a history of small-scale gold mining.
- Arau Project: located in the 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.
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.
About the Author
The technical content of this news release has been reviewed, verified and approved by Callum Spink, the Company’s Vice President, Exploration, who is a member of the Australian Institute of Geoscientists, MAIG, and a Qualified Person as defined by National Instrument NI 43-101 Standards of Disclosure for Mineral Projects. Mr.
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