Unveiling Great Pacific Gold’s Triumph: The Wild Dog Project License in Papua New Guinea
Great Pacific Gold Corp has recently achieved a significant milestone with the notification from the Papua New Guinea Mineral Resources Authority (the “MRA”) of the grant of the advanced stage and past producing Wild Dog Exploration License (“EL”) 2516.
Background of Great Pacific Gold
Great Pacific Gold is a leading exploration company with a diverse portfolio of high-grade gold projects in Papua New Guinea (“PNG”) and Australia. In PNG, the company has assembled a 2500 sq. km mineral exploration land package comprising exploration licenses (EL), including both early-stage and advanced-stage exploration targets. The Wild Dog Project is one of the key assets in the company’s portfolio.
Details of the Wild Dog Project License
EL 2516 covers a 1424 sq. km advanced stage project with historic gold production. The project has multiple high-grade drill hole intercepts near the surface, and it remains underexplored at depth and along strike. Recent samples collected from a historic stockpile near the Wild Dog Zone have yielded promising results, including high grades of gold, silver, and copper.
CEO and Director’s Statements
Bryan Slusarchuk, CEO of GPAC, emphasizes the significance of EL 2516, stating that it covers a well-known and highly coveted project with significant potential for further exploration and development. Chris Muller, GPAC Director, highlights the size potential of the Wild Dog Project, which became evident during the due diligence process.
Overview of the Wild Dog Project
The Wild Dog Project consists of two ELs (EL 2516 and 2761) totaling 1424 sq. km, located on the island of New Britain, approximately 50 km southwest of Rabaul and Kokopo, PNG. The project occurs within a major NNE trending structure with multiple high-priority gold and copper drill-ready targets.
Historical Work and Results
The project has a history of extensive exploration, including drilling, mapping, trenching, and rock sampling. Previous operators have reported significant gold assays, including high-grade drill intercepts at the Kavursuki Prospect and other areas within the Wild Dog Zone.
Drilling Results and Prospects
Significant drill intercepts have been documented at various prospects within the Wild Dog Project, including the Kavursuki Prospect, Wild Dog Prospect Area, and Mengmut Prospect. These results indicate the presence of high-grade gold and copper mineralization, supporting the project’s exploration potential.
Exploration Program
The upcoming exploration program at the Wild Dog Project will focus on drilling extensions to known gold mineralization within the Wild Dog – Kavursuki mineralized corridor and other targets within the Wild Dog Structure. The program aims to further delineate mineral resources and identify new mineralization zones.
Share Issuance and Financial Details
In connection with the grant of EL 2516, the company issued common shares to certain property vendors and stakeholders. The shares issued are subject to restrictions on resale for a period of four months from the date of issue.
About Great Pacific Gold
Great Pacific Gold has a diversified portfolio of high-grade gold projects in Papua New Guinea and Australia. In addition to the Wild Dog Project, the company holds exploration licenses for other prospective areas in PNG and Australia, targeting both epithermal vein and porphyry-style mineralization.
Conclusion
The grant of the Wild Dog Project license represents a significant milestone for Great Pacific Gold, providing the company with access to a highly prospective exploration area. With a robust exploration program planned, including drilling extensions and targeting new prospects, Great Pacific Gold is poised for further success in unlocking the full potential of its projects.
