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Great Pacific Gold Completes Phase 2 Sampling Program at Kesar Creek Project in Papua New Guinea
VANCOUVER, British Columbia, July 26, 2024 (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, July 26, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. (\"Great Pacific Gold,” “GPAC,” or the \"Company\") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce the completion of the Phase 2 soil and chip sampling program at the Kesar Creek Project in Papua New Guinea (see Figure 1). Highlights: 667 soil samples and 8 rock chip samples collected during this phase of work Kesar Creek Project is short distance from multiple epithermal vein and porphyry deposits and targets identified on the adjacent K92 Mining Inc. project (see Figure 2). Previous assays from GPAC sampling include multiple high-grade gold results obtained from veins that align with the orientation and strike of K92 Mining Inc.’s prolific Kora Deposit of 2.3 M Oz at 10.24 g/t Au equivalent Measured and Indicated plus a further 3.9 million ounces Inferred at 8.6 g/t Au equivalent (Sept 12, 2023). 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 Kainantu Gold Mine owned and operated by K92 Mining Inc (Figure 2). Figure 1- GPAC’s PNG projects map. During this Phase 2 program, 667 soil samples along with 8 rock chip samples were obtained by technical team members. This follows up on a Phase 1 sampling program that consisted of 332 soil samples taken over a strike length of 5.5km which included a high grade assay of 20.9 g/t Au in soil and 32 rock chip samples from outcrop and artisanal underground works and returned high-grade assays including 244 g/t Au (underground working), 116 g/t Au (outcrop), 36.5 g/t Au (float) and 33.4 g/t Au (underground working) (see GPAC News Release dated May 13, 2024 for details). Figure 2 – Kesar Creek Gold-Copper Project The extent of the current geochemical program is presented as white dots (Figure 3) as infill and extensional grid-based sampling. The East Vein Zone is where the itinerant mining is currently being undertaken and is associated with the granodiorite – sediment contact. GPAC Chief Operating Officer and Director, Rex Motton, states, “Geochemical sampling and mapping have progressed very well with strong community support and involvement which has expedited the entire exploration process. We look forward to further excel...