Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the
"Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to
announce the engagement of Tetra Tech Coffey Pty Ltd as the
environmental consultant for the Company’s Wild Dog Project (EL
2516) located in East New Britain Province, Papua New Guinea.
Tetra Tech Coffey will work closely with GPAC
personnel as the Company commences work at EL 2516, which was
granted on April 22, 2024. Specifically, Tetra Tech Coffey will
begin by undertaking a site assessment involving the collection of
water and sediment samples to understand the current site
conditions. Tetra Tech Coffey will commence work onsite once access
road rehabilitation is complete.
Tetra Tech Coffey is a specialist consultancy
firm that has delivered projects in Papua New Guinea for over 40
years. With proven experience in mining projects from exploration
to closure, their environmental and social management assessment
(ESMA) group has delivered services including permitting,
environmental approval documents, strategy and planning, technical
field surveys, geographic information systems, environmental and
social baseline studies, impact assessment, stakeholder engagement,
environmental and social management plans, independent reviews and
auditing, and closure planning.
GPAC CEO, Bryan Slusarchuk, states, “The
engagement of Tetra Tech Coffey is an example of our commitment to
environmental responsibility as a cornerstone value. We look
forward to working closely with all stakeholders in East New
Britain Province, the MRA and CEPA as we advance at Wild Dog.”
The work program submitted, reviewed and
approved by the MRA, prior to the issuance of license EL 2516
details plans for the first ever modern, systematic testing of the
this highly prospective area. In addition to the benefits inherent
with exploration including employment creation, the work program
also commits all parties to other stakeholder benefits related to
the environment, much-needed road rehabilitation that will benefit
local communities while also providing the Landowners Association
potential for equity participation should the project advance into
production.
About GPAC
Great Pacific Gold has a portfolio of high-grade
gold projects in Papua New Guinea (“PNG”) and Australia.
In PNG, Great Pacific Gold recently assembled a
2500 sq. km mineral exploration land package in PNG. The land
package comprises of exploration licenses (EL). It includes both
early-stage and advanced-stage exploration targets with high-grade
epithermal vein and porphyry-style mineralization present.
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.
The Wild Dog Project consists
of two granted exploration licenses, EL 2761 and 2516, located on
the island of New Britain and about 50 km southwest of Rabaul and
Kokopo, PNG.
The Kesar Creek Project
consists of one exploration license, EL 2711, and is contiguous
with the K92 Mining Inc. tenements.
The Tinga Valley Project
consists of one exploration license, EL 2720. The OK Tedi Copper
Gold Mine is 140km to the northwest along the same belt is a superb
geological comparison to the Tinga Valley Property.
In Australia, Great Pacific Gold began with two,
100% owned, high-grade gold projects called the Lauriston and
Golden Mountain Projects, and has since acquired a large area of
granted and application tenements containing further epizonal
(low-temperature) high-grade gold mineralization and associated
intrusion-related gold mineralization all in the state of Victoria,
Australia. The Great Pacific Gold land package, assembled over a
multi-year period, notably includes the Lauriston Project which is
a 535 sq. km property immediately to the south of and within the
same geological framework that hosts Agnico Eagle Mines Ltd’s
Fosterville Gold Mine and associated exploration tenements. The
Golden Mountain Project is an intrusion-related gold project on the
edge of the Strathbogie granite and occurs at the northern end of
the Walhalla Gold Belt. The acquired projects include the epizonal
gold Providence Project containing the Reedy Creek goldfield which
adjoins the Southern Cross Gold’s Sunday Creek exploration project
and a large group of recently consolidated granted tenements called
the Walhalla Gold Belt Project, which contain a variety of epizonal
and intrusion related style gold mineralization. Additionally,
Great Pacific Gold has another gold-focused project called the
Moormbool project which has epizonal style gold mineralization and
associated potential intrusion-related gold mineralization, as well
as the Beechworth Project occurs in the northeast of the state and
contains intrusion related and mesozonal gold mineralization.
All GPAC’s properties in Australia are 100%
owned and have had historical gold production from hard rock
sources despite limited modern exploration and drilling.
Qualified Person
The technical content of this news release has
been reviewed, verified and approved by Rex Motton, AusIMM (CP),
COO of GPAC, a Qualified Person under the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Mr. Motton is responsible for the technical content of this news
release.
On behalf of GPACBryan SlusarchukChief Executive Officer and
Director
Forward-Looking Statements
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. Great
Pacific Gold cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
many material factors, many of which are beyond their respective
control. Such factors include, among other things: risks and
uncertainties relating to Great Pacific Gold's limited operating
history, its exploration and development activities on its mineral
properties and the need to comply with environmental and
governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward looking information. Except as required under applicable
securities legislation, Great Pacific Gold does not undertake to
publicly update or revise forward-looking information.
Mineralization at adjacent properties is not necessarily indicative
of mineralization on Great Pacific Gold’s properties.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information: Adam
Ross, Investor Relations, Direct: (604) 229-9445, Toll Free: 1
(833) 923-3334, Email: info@greatpacificgoldcorp.com
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