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Great Pacific Gold Announces Grant of Exploration License for Kesar Creek Project
VANCOUVER, British Columbia, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FS
About this update from Great Pacific Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 17, 2023 (GLOBE NEWSWIRE) -- 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 Exploration License 2711, which wholly covers the Kesar Creek Project. The notice was received on November 14, 2023 with the Exploration License in effect from October 31, 2023 for a period of two years until October 30, 2025. Highlights of Kesar Creek Project Kesar Creek Project is contiguous with the K92 Mining Inc. tenements and a short distance from multiple epithermal vein deposits and porphyry targets identified on the K92 Mining Inc. project (see Figure 1). Assays from an initial small scale sampling program at the Kesar Creek Project identified high-grade gold from veins in the same strike and orientation as those found on the K92 Mining Inc. tenements. Exploration program to commence including blanket soil geochemical work to further define target areas for an upcoming drill program. Bryan Slusarchuk, CEO of GPAC, states, “First of all, we would like to thank our project partner, geologist Andy Thomas, who did a significant amount of work securing the grant of the Kesar Creek Exploration License, concurrent with the support of the local landowners and communities. With the grant of the Exploration License, we are now in a position to carry out the necessary exploration work to define our lead drill targets. We look forward to building on the good work done to date at Kesar Creek, supported by the strong financial position of the company and a team with a track record of exploration success and discovery in-country.” The Kesar Creek Project The Kesar Creek Project consists of one exploration license, EL 2711, and is contiguous with the K92 Mining Inc. tenements, approximately 10 km to the northwest and along strike from the Kora gold mine owned and operated by K92 Mining Inc. Exploration at Kesar Creek has identified the presence of semi-massive copper rich sulphide mineralization associated with quartz veins on strike to the Kora gold deposit, as well as the potential for copper-gold porphyry prospects within the tenement. Although limited exploration has been carried out at Kesar Creek to date, initial...