A Golden Opportunity: Unearthing the High-Grade Potential of the Comet Discovery

Great Pacific Gold Corp, a name that’s rapidly becoming synonymous with high-grade gold discoveries, has recently made headlines with its latest achievement at the Comet gold discovery, located within the prestigious Lauriston Gold Project in Victoria, Australia. As a company listed on TSXV: GPAC and OTCQX: FSXLF, with a footprint also in Germany (4TU), GPAC stands at the forefront of gold exploration with a keen eye for promising ventures.

The assays from CDH01A did not just impress; they showcased the true potential lying within the Comet discovery. Intersecting 4 meters at an astounding 25.1 g/t Gold, including peaks of 72.5 g/t Gold over 0.4 meters and 55 g/t Gold over 1 meter, this follow-up diamond drill hole highlights the exceptional high-grade gold mineralization present at Comet. Situated within the core of the Comet Anticline, this intercept reflects a geological marvel, with the Comet Fault zone acting as a conduit for gold-rich fluids, leading to the deposition of gold alongside strong quartz veining and notable arsenopyrite crystals.

Geological Insights from CDH01A

The geological insights garnered from drill hole CDH01A are invaluable. The occurrence of high-grade gold within the core of the Comet Anticline, at the fold axis where the Comet Fault zone intersects, speaks volumes about the structural controls and the mineralizing processes at play. This setting, characterized by significant quartz veining and sulphidic stylolites, not only aligns with the high-grade assays but also hints at the broader mineralization potential within the Comet zone.

The Comet Fault Zone and Anticline Structure

The Comet Fault zone, a key geological feature within the Lauriston Gold Project, serves as a critical pathway for mineralizing fluids. This west-dipping fault zone, hosted by Ordovician slates and sandstones, presents a complex geological environment where structural deformation and fluid flow converge, creating a fertile ground for gold deposition.

Positioned at the heart of the Comet Anticline, the discovery benefits from a structural setting that is conducive to high-grade gold mineralization. This geological configuration, similar to that found at the world-renowned Fosterville Mine, further underscores the Comet discovery’s potential. The anticline’s fold axis, in conjunction with the intersecting Comet Fault, creates an exceptional trap for gold-bearing fluids, as evidenced by the assay results from CDH01A.

Strategic Drilling Approach at Comet

Great Pacific Gold’s drilling strategy at Comet has been both methodical and insightful. Starting with the reverse circulation discovery hole CRC07, the company employed a conservative yet targeted approach to explore the extent of mineralization. The follow-up with diamond drill hole CDH01A, positioned to intersect the mineralization down dip of CRC07, demonstrates GPAC’s commitment to thoroughly understanding the Comet zone’s potential.

The results from the drilling campaign are nothing short of remarkable. CDH01A’s 9-meter intercept with a grade of 11.6 g/t Au, including the higher-grade intervals, underscores the presence of significant gold mineralization within the Comet Fault zone. These results not only validate the initial findings from CRC07 but also open new avenues for exploration, with the mineralization remaining open in all directions.

The Geological and Economic Implications

The Comet prospect stands as a beacon of potential within GPAC’s portfolio. The high-grade assays and the geological characteristics of the discovery position Comet as a prospect with significant exploration and development potential. The similarity to the Fosterville Mine’s geological setting further enhances the prospect’s appeal, suggesting a bright future for Comet within the global gold mining landscape.

When placed in the context of global gold discoveries, Comet’s high-grade assays set it apart. The intersection of significant gold grades over notable widths, coupled with the geological setting, aligns Comet with some of the most lucrative gold mining operations worldwide. This comparison not only highlights Comet’s potential but also underscores GPAC’s ability to identify and develop world-class gold projects.

Quality Assurance and Control Measures

Ensuring the reliability of assay results, GPAC has implemented comprehensive quality assurance and quality control (QA/QC) measures. The use of duplicates, blanks, and commercially available standards, coupled with assays conducted by the ISO-certified Onsite Laboratory Services Ltd, guarantees the accuracy and consistency of the assay data. This meticulous approach to QA/QC reinforces the credibility of the Comet discovery’s reported grades.

The Expanding Portfolio of Great Pacific Gold

Great Pacific Gold’s portfolio extends beyond the promising Comet discovery, encompassing high-grade gold projects in both Papua New Guinea and Australia. From the strategic exploration licenses in PNG to the epizonal and intrusion-related gold mineralization projects in Victoria, Australia, GPAC’s diverse portfolio is a testament to its strategic vision and exploration prowess.

Future Prospects and Exploration Plans

As Great Pacific Gold looks to the horizon, the path forward is illuminated by the remarkable findings at Comet. The company’s strategic vision encompasses not only further exploration of the Comet zone but also a broader assessment of its potential impact on GPAC’s portfolio. With assays pending for additional diamond drill holes, the anticipation within the geological and investment communities is palpable. These future assays could further delineate the extent of mineralization and potentially unveil new zones of high-grade gold.

Rex Motton, GPAC’s Chief Operating Officer and Director, has articulated the company’s optimism, noting the significance of the early results and the geological insights gained. The discovery at Comet is viewed as just the beginning, with each drill result adding to a growing body of evidence that underscores the site’s potential. The strategic extension of the second drill hole, CDH02, due to the encounter of multiple stacked zones of mineralization, exemplifies GPAC’s commitment to thorough exploration and its readiness to adjust strategies based on geological findings.

The Impact of the Comet Discovery on GPAC

The Comet discovery is not just a milestone for GPAC; it’s a game-changer. It redefines the company’s trajectory, positioning it as a key player in the global gold exploration and mining industry. The high-grade assays and the geological characteristics of Comet enhance GPAC’s attractiveness to investors and partners alike. As the company continues to explore and develop its properties, the Comet discovery will undoubtedly play a pivotal role in shaping its future endeavors and strategic decisions.

In a broader context, the discovery at Comet has implications for the Australian gold mining sector, particularly in Victoria, where the search for the next big gold deposit is always underway. GPAC’s success at Comet reinforces Victoria’s status as a region of high-grade gold potential, attracting further exploration activities and investment to the area.

Conclusion: The Impact of the Comet Discovery on GPAC

The Comet discovery stands as a testament to Great Pacific Gold’s strategic vision, technical expertise, and commitment to exploring the frontiers of gold mining. With high-grade assays that rival some of the most significant gold discoveries globally, Comet not only elevates GPAC’s profile but also promises to usher in a new era of exploration and development for the company. As GPAC continues to explore and expand its portfolio, the Comet discovery will remain a cornerstone of its success, driving forward with the promise of uncovering even more geological treasures.