Great Pacific Gold - High-Grade Hits at Wild Dog, Second Rig Mobilizing, Spin-Out Update
Description
In this KE Report interview, I speak with Greg McCunn, President & CEO of Great Pacific Gold (TSX.V:GPAC - OTCQX:FSXLF - FRA:V3H), for an in-depth introduction to the company, its flagship assets, and upcoming catalysts.
What we cover:
- Standout intercept: 8.4m @ ~50 g/t AuEq (incl. ~46 g/t Au + 1.7% Cu) from the northern sulfide zone at the Sinivit target.
- Consistent near-surface hits: hole 9 returned ~5m @ just under 5 g/t AuEq; 11 holes completed, hole 12 in progress; mineralization encountered in every hole to date.
- Surface confirmation: 0.8m @ 127 g/t AuEq from outcropping vein supports the evolving structural model.
- Program scale & step-outs: blanket drilling across the 1.5 km Sinivit target with ~28 holes / ~5,000m; stepping north to Kavasuki, expanding coverage from ~10% to ~20% of the 15-km epithermal corridor.
- Second rig incoming: contract signed; mobilization targeted mid-November to accelerate work.
- Deeper potential: Mobile MT highlights a robust feeder target at depth to be tested after near-surface orientation drilling.
- Spin-out details: Walhalla Gold (Victoria, Australia) to be spun out 100% to GPAC shareholders. Special meeting Nov 27.
- Balance sheet & valuation: ~$15M+ cash (post-July raise of ~$16.9M).
If you have any follow up questions for Greg please me at Fleck@kereport.com.
Click here to visit the Great Pacific Gold website.
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