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Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Wednesday, 01 May 2024 14:00
Great Pacific Gold Corp. has announced that it has received notification from the Papua New Guinea Mineral Resources Authority of the grant of the advanced stage and past producing Wild Dog Exploration Licence (EL) 2516.
Bryan Slusarchuk, CEO of GPAC, stated, “EL 2516 covers a well-known and highly coveted project, with a history of high grade epithermal near surface drill intercepts reported within a limited strike length of 1 km. There is significant potential along strike, with more than 90% of the projected strike of the main structure untested due to a thin layer of volcanic ash masking the prospective target area. Our management and technical team have already been preparing a detailed work programme to advance this significant advanced stage asset along strike and at depth. With this EL grant, GPAC now has a multiple high priority gold and copper drill ready targets across the Wild Dog, Arau, Kesar Creek and Tinga Valley Projects.”With this grant of EL 2516, all of the Exploration License Applications acquired via the transaction through which GPAC purchased Wild Dog Resources have now been converted into Exploration Licenses. 100% of the ground in PNG within GPAC now have EL, with no additional WDR applications pending. Combined, these various EL total approximately 2500 km2.Chris Muller, GPAC Director, added, “The focus of past drilling at Wild Dog has been on the near surface high grade system, and this has obviously yielded some exceptional results. What attracted me to the project originally, however, is the size potential which quickly became evident during the due diligence process and through both field visits and an examination of a substantial amount of historic data.”
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