Great Pacific Gold (GPAC) has completed its acquisition of Tinga Valley Copper & Gold Corp., adding 347 square kilometres of land to its current exploration targets.
The Tinga Valley site, located along strike of the Ok Tedi copper-gold-silver mine, is drill-ready and contains defined high-grade copper-gold porphyry and associated exploration targets.
Historic surface exploration work done at the site has identified extensive copper and gold grades across a 2km copper mineralised zone.
“As a result of closing our acquisition of the Tinga Valley property, GPAC adds a large and commanding land position within a country that hosts some of the world’s most important copper and gold deposits,” GPAC chief executive officer Bryan Slusarchuk said.
“With a strong treasury, in-country expertise, and an excellent technical team, we are well positioned to advance on multiple projects within PNG.”
GPAC has also been developing its Kesar Creek gold project, a site consisting of one exploration license and contiguous with the K92 Mining tenements, approximately 10km to the northwest.
“The high gold grades encountered in this program are significant, especially when taking into consideration where the sampling was done,” Slusarchuk said. “The Western vein zone on the Kesar Creek project aligns with the Kora Vein system on the adjacent K92 Mining property.
“This is an excellent start at Kesar which was made possible via the hard work and effective execution by the ground team, comprised mainly of employees and contractors from the local communities.”
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