Great Pacific Gold’s Exploration Activities at Kesar Project in Papua New Guinea:
Great Pacific Gold Corp. (GPAC), a Vancouver-based mineral exploration company, has recently provided an update on its ongoing exploration activities at the Kesar Project, located in Papua New Guinea (PNG), which is contiguous to and northwest of K92 Mining’s Kainantu Mine.
Drill Program at Anteruno Target:
Previously, the Company announced the completion of a drill program consisting of five holes for a total of 2,112 meters at the Anteruno target at Kesar. The drill program aimed to test the continuity of the mineralization along strike and at depth. The results of this drill program are yet to be released.
Relocation of the Diamond Drill Rig:
Following the completion of the drill program at the Anteruno target, GPAC relocated its diamond drill rig to the high priority targets at the East Vein Zone, initially at Hampore. The East Vein Zone is a significant gold-copper discovery, and the Company believes that it has the potential to host a large-scale mineralized system.
Significance of the Exploration Activities:
The exploration activities at the Kesar Project by GPAC are significant because of the potential for discovering large-scale mineralized systems in the area. The Kesar Project is contiguous to and northwest of K92 Mining’s Kainantu Mine, which is a known gold-copper mine. GPAC’s exploration activities may lead to the discovery of new mineralized zones, which could potentially increase the overall resource base in the area.
Impact on GPAC:
The successful discovery of new mineralized zones at the Kesar Project could significantly benefit GPAC by increasing its mineral reserves and resources, potentially leading to an increase in its stock price and market capitalization.
Impact on the World:
The discovery of new mineralized zones at the Kesar Project by GPAC could have a positive impact on the global mining industry by increasing the overall gold and copper production. The increased production could lead to a decrease in the prices of gold and copper, making these precious metals more accessible to a larger population.
Conclusion:
Great Pacific Gold Corp.’s exploration activities at the Kesar Project in Papua New Guinea hold significant potential for the discovery of large-scale mineralized systems. The Company’s recent drill program at the Anteruno target and relocation of the diamond drill rig to the East Vein Zone at Hampore are crucial steps towards achieving this goal. The successful discovery of new mineralized zones could lead to increased mineral reserves and resources for GPAC, potentially benefiting its shareholders. Additionally, the discovery could have a positive impact on the global mining industry by increasing overall gold and copper production and potentially decreasing prices.
- Great Pacific Gold Corp. (GPAC) is exploring the Kesar Project in Papua New Guinea, which is contiguous to and northwest of K92 Mining’s Kainantu Mine.
- GPAC completed a drill program at the Anteruno target and relocated the diamond drill rig to the East Vein Zone at Hampore.
- The exploration activities hold significant potential for the discovery of large-scale mineralized systems.
- The successful discovery could benefit GPAC by increasing mineral reserves and resources, potentially leading to an increase in its stock price and market capitalization.
- The discovery could also have a positive impact on the global mining industry by increasing overall gold and copper production and potentially decreasing prices.
