Great Pacific Gold Reports Multiple High-Grade Gold Assays from Kesar Creek Project in Papua New Guinea

VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. (“Great Pacific Gold,” “GPAC,” or the “Company”) (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce multiple high-grade gold assays from recent sampling of underground workings, outcrop and soils at the Kesar Creek Project in Papua New Guinea (Figure 1). Assays include a sample grading 244 g/t gold.

Highlights:

• Multiple high-grade gold assays from various veined zones at Kesar Creek to 244 g/t gold.
• 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 1).
• High-grade gold results were obtained from veins that align with the orientation and strike of K92 Mining Inc.’s prolific Kora Deposit.
  

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.

Thirty-two (32) rock chip samples were taken 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). Of the 32 samples, 19 samples were above 1 g/t Au.

Additional to the rock chip sampling, a soil sampling program principally targeted the West and Central Vein Zones at Kesar Creek. In total, the 332 soil samples returned numerous significant gold grades over a strike length of 5.5 km including a high-grade assay of 20.9 g/t Au (Figure 3).

The initial first-pass soil program used a 200 meter by 100 meter or 50-meter grid and was very broadly based to cover most of the known prospective ground and to get an indication of the location of the most prospective larger structures. Gold mineralization was found in samples covering the entire 5.5 km of sampled strike. Multiple parallel vein sets occur in close proximity within each of the three main vein zones. Infill and extension soil sampling will further enhance the results to date. A second phase soil sampling program is being done to define the target areas for an upcoming drill program at Kesar Creek (Figure 4).