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Great Pacific Gold Announces High-Grade Phase 2 Soil Sampling Results and Focused Drilling Program at Kesar
VANCOUVER, British Columbia, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: F
About this update from Great Pacific Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 09, 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 Kesar Project (“Kesar” or the “Project”) located in the Eastern Highlands province of Papua New Guinea. The Kesar Project is contiguous with K92 Mining’s mine tenements, with several high priority targets at Kesar near the K92 property boundary (Figure 1). Multiple veins at Kesar are on strike and have the same orientation of key K92 deposits, such as Kora, and exploration work to date at Kesar has shown that these veins have high grades of gold present in outcrop, very elevated gold in soil grades and are coincident with aeromagnetic highs. Highlights GPAC intends to focus its PNG exploration efforts over the near term on Kesar A second round of soil sampling on the East, Central and West vein targets was recently completed The phase two sampling program has returned excellent results (Figure 2), including samples assaying: 47.6 g/t Au (soil) 35.7 g/t Au (soil) 94.3 g/t Au (rock) 56.5 g/t Au (rock) A Phase 1 diamond drill program has been designed to target high-grade epithermal vein style gold-copper mineralization with 2,000 to 3,000 meters of planned drilling Drilling is expected to commence in October, utilizing two diamond drill rigs for two months. “The results of the two phases of geochemistry highlight the tremendous potential of Kesar” stated Greg McCunn, CEO of Great Pacific Gold. “With our recently announced plan to focus on our core projects, we intend to direct our financial and technical efforts on Kesar over the remainder of 2024. The high-grade nature of the nearby Kora deposit highlights the potential of Kesar and our Phase 1 drill program is designed to test our highest priority targets. While focusing on Kesar, we will continue to evaluate and advance the other core assets in our high-quality portfolio, including recent drilling at the Arau project, from which initial results are pending, environmental baseline work at Wild Dog and consolidation of our knowledge on the Lauriston and Walhalla projects in Australia. Longer-term, the recently acquired Tinga project also has the potential to create significant shareholder value.” Figure 1 Kesar Project location in relation to ...