The Kesar gold project in Eastern Highlands province will become more of a focus for Great Pacific Gold (GPAC), with the second role of soil sampling completed.
The project is contiguous with K92 Mining’s tenements, with several high-priority targets at Kesar near the K92 property boundary.
Multiple veins at Kesar remain on strike, with the same orientation as key K92 deposits.
“The results of the two phases of geochemistry highlight the tremendous potential of Kesar,” GPAC chief executive officer Greg McCunn said.
“With our recently announced plan to focus on our core projects, we intend to direct our financial and technical efforts on Kesar over the remainder of 2024.
“The high-grade nature of the nearby Kora deposit highlights the potential of Kesar and our Phase 1 drill program is designed to test our highest priority targets.”
While GPAC will commit the majority of its focus to Kesar, it will also continue its work at the Wild Dog copper-gold project.
“While focusing on Kesar, we will continue to evaluate and advance the other core assets in our high-quality portfolio, including recent drilling at the Arau project, from which initial results are pending, environmental baseline work at Wild Dog and consolidation of our knowledge on the Lauriston and Walhalla projects in Australia,” McCunn said.
“Longer-term, the recently acquired Tinga project also has the potential to create significant shareholder value.”
Subscribe to PNG Mining and receive the latest news on product announcements, industry developments, commodities and more.