checkAd

     313  0 Kommentare Great Pacific Gold Advances on Multiple Projects Within PNG

    VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to provide an update on its portfolio of gold-copper assets within Papua New Guinea (“PNG”) consisting of four projects totalling approximately 2500 sq km.

    Arau Project

    The Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt. Victor Prospect, where previous drilling found a multiple phase intrusion complex hosting copper and gold mineralization.

    Over the several weeks, GPAC field crews comprised of mainly local community members as employees and contractors, have been completing road access rehabilitation and drill pad construction. Seven drill pads are now completed, in support of an upcoming reverse circulation drill program. Drilling is expected to commence in the first week of July and will seek to confirm copper-gold porphyry mineralization underneath the skarn mineralization at the project. Previous drilling at Mt Victor was aimed at establishing the gold resource associated with the outcropping skarn mineralization. A program of around 2000 meters of drilling is expected.

    As part of the Arau project, in the southern exploration licence, EL2715, an initial extensive soil sampling program has recently been completed, which followed up on previously generated copper-gold geochemical data of stream sediment anomalous drainages and ridge and spur soil sampling programs. The area is underlain by the highly prospective Elandora porphyry unit, which is known to host copper porphyry and epithermal gold mineralization. Assays for this program will be received in the coming weeks.

    Kesar Creek Project

    The Kesar Creek Project consists of one exploration license, EL 2711, and is north-west of and contiguous with the K92 Mining Inc. tenements.

    Last month, GPAC reported excellent results from the company’s initial soil sampling and rock chip sampling program. Thirty-two 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 one 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.

    Seite 1 von 4


    Diskutieren Sie über die enthaltenen Werte


    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Great Pacific Gold Advances on Multiple Projects Within PNG VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) - Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to provide an update on its portfolio of gold-copper …