Great Pacific Gold (GPAC) has uncovered further high-grade assays around its Lauriston gold project in Victoria, Australia.
Following its announcement in December revealing a high-grade mineralised zone at Lauriston, GPAC extended its drilling program to the nearby alteration halo.
This included the Comet prospect, which GPAC anticipated would return anomalous gold values but instead found high-grade assays.
The complete assay of the intercept, from 95m, is now 8m at 106 grams per tonne (g/t) gold, 5m at 166 g/t, 2m at 413 g/t, and 1m at 468 g/t.
The Comet prospect has epizonal characteristics of Au-As-Sb with geology similar to Agnico Eagle’s nearby Fosterville mine deposit, which is the largest gold producer in Victoria.
The west dipping Comet fault zone is hosted by Ordovician slates and sandstones, which are folded in a series of north south striking concertina folds.
This high-grade discovery is near the Comet anticline that has been mapped in the area, which is a similar structural setting of the mineralisation present at Fosterville.
A diamond drill rig is mobilising to site to follow up on the discovery and drilling is expected to resume at Comet during late January or early February.
GPAC also announced a new member has joined its board of directors.
Chris Muller is set to replace John Lewins on the board, who will continue with the company in an active advisory board position.
Muller is a geologist with over 20 years of experience in open pit and underground mine, near mine, brownfields and greenfields exploration in Papua New Guinea, Mongolia, China, Ghana, Indonesia and Thailand.
He is currently the executive vice president, exploration for K92 Mining, a rapidly growing gold and copper producer in Papua New Guinea.
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