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Associated Press
2 days ago
- Business
- Associated Press
Aston Bay and American West Metals Announce Drilling Preparations Underway at the Storm Project, Nunavut, Canada
Camp opening and logistics have commenced with geophysics and drilling to follow in the coming weeks Highlights: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Laboratory assays are required to determine the presence and grade of any contained mineralization within the reported visual intersections of copper sulfides. Portable XRF is used as an aid in the determination of mineral type and abundance during the geological logging process. TORONTO, ON / ACCESS Newswire / June 12, 2025 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ('Aston Bay' or the 'Company') is pleased to announce the commencement of activities at the Storm Copper Project ('Storm' or the 'Project') on Somerset Island, Nunavut. American West Metals Limited ('American West'), the Project operator, is conducting the exploration program. Aston Bay and American West have formed a 20/80 unincorporated joint venture with respect to the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine is made upon completion of a bankable feasibility study. Thomas Ullrich, Chief Executive Officer of Aston Bay, commented: 'We are excited to begin another field season at Storm. The reverse circulation drill rig will work on adding to the resource and target near-surface exploration targets, while the diamond drill rig will focus on the deeper exploratory holes. 'In addition to the compelling targets generated in previous geophysical programs, we are very excited to be flying a comprehensive MobileMT survey at Storm. This is the same survey that has successfully delineated large conductive targets at our Epworth property. The significant contrast in the conductive properties of the mineralized rock versus the host rock at Storm is ideal for MobileMT, and its utilization of natural-source energy from within the Earth should help define deeper targets that may have eluded previous methods. These new targets will be ready for drilling this season. 'Investors can also look forward to the completion of a Preliminary Economic Analysis for the near-surface mineralization at Storm, currently underway. We are also working up drill targets for our Epworth copper project, also in Nunavut, for a potential late-season drill program.' Figure 1: A photo of interpreted copper sulfides/oxides (green) on the surface at the Chinook Deposit, Storm Project, Nunavut. The material has not been assayed. INITIAL DIAMOND DRILL PLAN The first diamond drill targets to be tested in the Storm MRE area are Cirrus Deeps and Cyclone Deeps (Figure 2). The drilling aims to follow up earlier intersections of high-grade copper mineralization and build evidence for the large-scale copper potential at depth, which could rapidly expand the copper endowment within the Storm MRE area. Subsequent diamond drilling will continue to test high-priority geophysical anomalies and regional exploration targets. These will include the Tornado, Blizzard, Midway areas and any new targets defined by the upcoming MMT survey. Figure 2: Plan view of the Storm area showing the high-priority (initial drilling) areas with potential for further growth of copper mineralization based on drilling, geochemical sampling and geophysics, overlaying copper deposit outlines, and topography. Cirrus Deeps Diamond drill hole ST24-03 was designed to target a 1,300m x 500m MLEM anomaly (Figure 3 & 5) which is bounded by a series of large EM plates (approximately 350m to top, conductance ~40-60 siemens, moderate ~40-60° S/SW dip, striking ~WNW-ESE) at its northern edge. The EM anomalies are located below the Cirrus Deposit and the Gap high-grade copper prospect, and are interpreted to be proximal to the Southern Graben Fault. This location in the Allen Bay Formation immediately below the Cape Storm Formation is the same stratigraphic location as Cyclone. In addition to the potential for flat-lying stratigraphic mineralization like Cyclone, the target is located along a fault zone similar to the well-mineralized Chinook Deposit. These anomalies may indicate a considerable, connected accumulation of copper within the Central Graben area. Similar EM targets drilled elsewhere in the Storm copper belt have been confirmed as high-grade copper mineralization. Figure 3: NE-SW geological section view through ST24-03 (looking NW) showing the Cirrus Deposit, interpreted Southern Graben Fault and modelled MLEM conductors. The planned drill hole depth is 650-700m. ST24-03 has currently been drilled to a downhole depth of 414m (planned depth of 600-700m) and intersected several zones of fracturing and sporadic copper sulfides (Figure 3) in the upper portion of the hole, with increased fracturing at depth. Fracturing and voids in the rock are positive indications since permeability and open spaces are required for efficient mineralization in the sediment hosted copper model. The drill hole will be the first diamond hole completed in the 2025 drill program. Cyclone Deeps High-grade copper mineralization has been discovered at depth, offset to the south of the Cyclone Deposit (Figure 4). The Cyclone Deeps intersection of 10m @ 1.2% Cu (drill hole ST24-01) displays a typical sediment hosted copper mineralogical profile with a high-grade core of native copper and chalcocite (including 3m @ 2.2% Cu) with peripheral chalcopyrite and other less copper-rich sulfide minerals. The copper mineralization is hosted near the top of a thick sequence of fractured dolomudstone of the Allen Bay Formation. The Allen Bay is the main host of the known copper mineralization within the Storm area, and the stratigraphic position near the top of the formation also hosts Cyclone, the largest deposit discovered to date. This mineralization may represent the offset southern portion of the faulted Cyclone Deposit and presents an exceptional opportunity to add significant volume to the current resources. This prospective horizon extends for over 5km in the immediate Storm area. Figure 4: Schematic geological section at 464730E. The mineralization intersected by ST24-01 is immediately below the Cape Storm Formation, similar to the Cyclone Deposit. INITIAL REVERSE CIRCULATION DRILL PLAN Reverse Circulation ('RC') drilling will be used to test near-surface (<250m depth) resource upgrade, resource expansion, and exploration targets. The first phase of drilling will commence at the Thunder, Lightning Ridge, and Corona Deposits before moving on to The Gap, Squall and Hailstorm Prospects (Figure 2). All of these opportunities have the potential to add significant mineral resources to the Storm Project, with high-grade mineralization similar to the known deposits already discovered. Subsequent RC drilling will aim to test other nearby and regional exploration targets, which include the Tornado and Blizzard areas, and numerous untested geochemical, Electromagnetic (EM) and Induced Polarization (IP) anomalies. The Gap Prospect is a 500m-long zone located between the Corona and Cirrus Copper Deposits (Figure 2), where multiple drill holes have intersected high-grade copper sulfides (including 1.5m @ 4.4% Cu, 9.8g/t Ag from 39m, and 2m @ 2.5% Cu from 74m downhole in AB18-09, and 20m @ 2.3% Cu, 3.3g/t Ag (Including 8m @ 5.3% Cu, 6.4g/t Ag) from 28m in SR24-003. The Squall and Hailstorm Prospects are located immediately south of the southern graben fault and collectively extend 1.8km northwest along strike of the Corona Deposit (see Figure 2). Drilling at Squall during the 2024 season intercepted 1.5m @ 2.36% Cu, 5.0g/t Ag from 181.4m (SR24-108) at the end of the hole, whilst surface geochemistry at Hailstorm has identified a 250m x 250m copper anomaly that remains open to the south (Figure 5). Figure 5: Copper gossan from the Hailstorm Prospect. This is massive chalcocite (copper sulfide) and returned a laboratory assay grade of >50% Cu, 61g/t Ag (Sample Y007193, 50% Cu is the upper limit of the assay technique used). Mobile Magneto-Telluric (MobileMT) Survey A regional-scale MobileMT survey is planned to cover the Storm and wider exploration areas during the 2025 program (Figure 6). MMT utilizes natural source energy to capture a broader range of EM frequencies than the techniques used at Storm to date. The survey is designed to show a greater contrast between the host rocks and potential accumulations of conductive material (i.e. metalliferous sulfide) with improved spatial and depth resolution. This is potentially very useful in delineating deeper (>200m) occurrences of copper sulfide at Storm, where the resistive host rocks cause a decreased signal-to-noise ratio and decreased confidence in interpretation with depth in the historical geophysics. The initial MobileMT survey will be completed over the Midway-Storm-Tornado area as an orientation survey to determine the response of the known deposits before extending the survey into more regional areas. The survey will begin in the coming week, allowing results to inform drill targeting and prioritization this season. Figure 6: Proposed MobileMT survey showing the planned Phase 1 and Phase 2 survey lines, overlaying topography, and regional geology. FORWARD PROGRAM Qualified Person Michael Dufresne, is a Qualified Person as defined by the NI 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical information in this press release. QA/QC Protocols The analytical work reported herein was performed by ALS Global ('ALS'), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of Aston Bay Holdings Ltd., American West Metals Limited, and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. Samples were subject to 33 element geochemistry by four-acid digestion and inductively coupled plasma atomic emission spectroscopy (ICP-AES) to determine concentrations of copper, silver, lead, zinc, and other elements (ALS Method ME-ICP61a). Overlimit values for copper (>10%) and were analyzed via four-acid digestion and ICP-AES (ALS Method Cu-OG62). Aston Bay Holdings Ltd. and American West Metals Limited followed industry standard procedures for the work carried out on the Storm Project, incorporating a quality assurance/quality control (QA/QC) program. Blank, duplicate, and standard samples were inserted into the sample sequence and sent to the laboratory for analysis. No significant QA/QC issues were detected during review of the data. Aston Bay Holdings Ltd. and American West Metals Limited are not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein. About Aston Bay Holdings Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in North America. The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut. The Company is also in advanced stages of negotiation on other lands with high-grade precious and critical metals potential in North America The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, 'American West'), have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%. FORWARD-LOOKING STATEMENTS Statements made in this news release, including those regarding entering into the joint venture and each party's interest in the Project pursuant to the agreement in respect of the joint venture, management objectives, forecasts, estimates, expectations, or predictions of the future may constitute 'forward-looking statement', which can be identified by the use of conditional or future tenses or by the use of such verbs as 'believe', 'expect', 'may', 'will', 'should', 'estimate', 'anticipate', 'project', 'plan', and words of similar import, including variations thereof and negative forms. This press release contains forward-looking statements that reflect, as of the date of this press release, Aston Bay's expectations, estimates and projections about its operations, the mining industry and the economic environment in which it operates. Statements in this press release that are not supported by historical fact are forward-looking statements, meaning they involve risk, uncertainty and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Although Aston Bay believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which apply only at the time of writing of this press release. Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation. Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. For more information contact: Thomas Ullrich, Chief Executive Officer [email protected] (416) 456-3516 Sofia Harquail, IR and Corporate Development [email protected] (647) 821-1337 SOURCE: Aston Bay Holdings Ltd. press release
Hamilton Spectator
30-04-2025
- Business
- Hamilton Spectator
Greenridge Exploration Completes Airborne MobileMT Survey at the Sabre Uranium Project in Athabasca Basin, Saskatchewan
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) — Greenridge Exploration Inc. ('Greenridge' or the 'Company') (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) is pleased to announce the completion of a high-resolution helicopter-borne Mobile MagnetoTellurics System ('MobileMT') survey at the Sabre Uranium Project (the 'Sabre Property' or the 'Project') located in the northern Athabasca Basin region of Saskatchewan, Canada. The Project-wide MobileMT survey completed by Expert Geophysics Surveys Inc. ('EGS') consisted of 1,536 line-kilometres flown at 200-metre line spacings over a 232 square kilometre area. The MobileMT survey was implemented to map sub-surface magnetic signatures and detect conductive zones within the margin of the Athabasca Basin sandstones that may be prospective for hosting unconformity-related uranium mineralization. Figure 1 - Sabre Property; 2025 Airborne MobileMT Survey Flightlines, Athabasca Basin The Company believes that its use of the MobileMT system is ideal for the advancement of exploration at the Sabre Property through delineation of major conductive structural systems, and the Company looks forward to the interpretation of the 2025 results to develop new drill targets. In conjunction with the processing and interpretation of the 2025 MobileMT data, Greenridge plans to undertake an extensive geophysical data compilation, which would include the following historical datasets: The Sabre Property is fully-permitted for uranium exploration, including prospecting, geophysical surveys and drilling, until November 30, 2027. Engagement with local communities is ongoing with the goal of creating a mutually beneficial relationship between the Company and the residents of the Northern Athabasca region. About the Sabre Property The Sabre Property is located on the northern edge of the Athabasca Basin approximately thirty (30) kilometres west of Stony Rapids and ten (10) kilometres south of Fond du Lac, Saskatchewan. The Project is comprised of twenty-eight (28) claims totaling 23,178 hectares and is believed to be prospective for hosting unconformity-related uranium mineralization. The Fond du Lac uranium deposit, a shallow, sandstone-hosted deposit with a historic reserve of approximately 990,000 pounds (450,000 kilograms) averaging 0.25% U3O8 is located approximately 5.5 kilometres to the northwest of the Project's western boundary (please see Figure 1), which may demonstrate the prospectivity of the region for the deposition of uranium mineralization.1 Historical exploration at the Sabre Property has identified anomalous uranium-bearing sandstone boulders and outcrop at surface, numerous interpreted fault structures, and electromagnetic ('EM') conductors interpreted to lie at depths greater than three hundred (300) metres. Graphitic conductors can provide favourable conduits and host environments for the deposition of uranium at or near the unconformity between the Athabasca sandstones and the older Archean and Paleoproterozoic basement rocks. Drill testing for uranium within the current boundaries of the Sabre Property is limited to five (5) historical drill holes. Hole MNL-02, drilled by UEX Corporation in 2006, intersected anomalous dravite veining that returned a geochemical value of 2,059 parts per million boron in the sandstone at a depth of 290.5 metres, approximately 23 metres above the unconformity, which was reached at 322.4 metres.2 Dravite is recognized as a pathfinder clay alteration mineral that is often associated with uranium mineralization in the Athabasca Basin. References: 1 Saskatchewan Mineral Deposits Index (SMDI) #1572 , Fond Du Lac Uranium Deposit . 2 Saskatchewan Mineral Assessment Database, (SMAD) Assessment Report #74O01-0038, by UEX Corporation, A. Farkas and S. Eriks, January 2008. Statement of Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Sean Hillacre, P. Geo., Technical Advisor and a geological consultant to the Company and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects . Mr. Hillacre has examined information regarding the historical exploration at the Sabre Property, which includes a review of the historical sampling, analytical and procedures underlying the information and opinions contained herein. Management cautions that historical results collected and reported by operators unrelated to Greenridge have not been verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work in the Sabre Property. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, or other properties located within the Athabasca Basin, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Sabre Property. About Greenridge Exploration Inc. Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada. The Company owns or has interests in 28 projects and additional claims covering approximately 389,210 hectares with considerable exposure to potential uranium, lithium, nickel, copper and gold discoveries. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects. Greenridge has one of the largest uranium property portfolios in Canada consisting of 15 projects and additional prospective claims covering approximately 216,405 hectares. The Company has opportunities to realize value in a further 13 strategic metals projects which include lithium, nickel, gold, and copper exploration properties totalling approximately 172,805 hectares. Project highlights include: The Company has strategic partnerships which includes properties being operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The Company's management team, board of directors, and technical team brings significant expertise in capital raising and advancing mining projects and is poised to attract new investors and raise future capital. References: 1 – Black Lake: UEX Corporation News Release dated October 12, 2004. 2 – Gibbons Creek: Lakeland Resources Inc. News Release dated January 8, 2014. 3 – McKenzie Lake: ALX Resources Corp. New Release dated November 7, 2023. 4 – Nut Lake: 1979 Assessment Report (number 81075) by Pan Ocean Oil Ltd. 5 – Nut Lake: Greenridge Exploration Inc. News Release dated February 19, 2025. 6 – Firebird Nickel: ALX Resources Corp. New Release dated April 15, 2020. 7 – Electra Nickel: ALX Resources Corp. New Release dated July 20, 2022. On Behalf of the Board of Directors of Greenridge Russell Starr Chief Executive Officer, Director Telephone: +1 (778) 897-3388 Email: info@ Disclaimer for Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: statements with respect to the Project and its mineralization potential; the Company's objectives, goals, or future plans with respect to the Project; statements with respect to the MobileMT survey; expected benefits of conducting the MobileMT survey; and the Company's anticipated exploration activities at the Project. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at
Globe and Mail
06-02-2025
- Business
- Globe and Mail
Great Pacific Gold Provides Drilling Update at Hampore Target at Kesar and Commences Project-Wide Airborne Magnetics Survey
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) (" Great Pacific Gold," " GPAC," or the " Company") is pleased to announce that drilling has commenced at the high-priority Hampore target within the Kesar Project (" Kesar" or the " Project") in Papua New Guinea (" PNG"). Additionally, the Company has commenced a Mobile Magnetotelluric (MobileMT) geophysical survey across the broader project area to refine geological targets for future exploration and drilling. Key Highlights: Initial drilling at Hampore, which has commenced, is designed to test beneath a recently identified high-grade existing outcrop identified through mapping and rock chip sampling, which returned exceptional gold values, including: 110 g/t gold (KCRX24120) and 93.3 g/t gold (KCRX24119) - see release dated December 12, 2024. High-resolution airborne Mobile MT geophysical survey underway to inform further drilling with approximately 450 line-kilometers flown to-date (52% complete) Construction of multiple diamond drill pads is underway to test a variety of high-priority targets identified through geological mapping and high-grade rock chip sampling across Hampore. " Drilling is well underway at Hampore, which has demonstrated exceptional grades and extensive sulphide mineralization in surface samples to-date," stated Greg McCunn, CEO of Great Pacific Gold"We are quickly testing our theory that Hampore and Fufunambi in the East Vein Zone represent the core feeder zone of the extensive system that makes up Kesar. The Mobile MT survey and the key observations made recently by our team and consultants will be invaluable in gaining a more fulsome understanding of this tremendous Project." Geological Insights from Hampore Preliminary geological interpretations by Great Pacific Gold geologists aided by Dr. Gregg Morrison, a consultant to GPAC, on the East Vein System at Hampore (Figure 1) shows: The East Vein appears to be a part of an epizonal intermediate-sulfidation polymetallic lode system, likely linked to an intermediate intrusion. Gold mineralization from rock chip samples appears to occur in two distinct styles: Bonanza Free Gold in arsenopyrite-rich quartz veins, often associated with Bi, Te, and Se. Electrum-Base Metal Veins within sulfide-rich breccias containing galena, sphalerite, and pyrite, enriched in Ag, As, Sb, Pb, and Zn. Strong Vertical Mineralization Potential: The system exhibits well-defined metal zonation, transitioning from an As-Sb-Au zone into Pb-Zn-Ag and Cu-rich domains, indicating the potential for deeper gold-bearing structures. Hydrothermal Breccias as Prime Targets: The best gold grades (up to 110 g/t Au) are found in hydrothermal breccias with fine crystalline quartz and arsenopyrite, suggesting late-stage mineralization overprinting earlier base metal phases. These early observations on the geochemistry and mineralisation textures provide the crucial geological framework that will guide the interpretation of the MobileMT geophysical data, allowing for more accurate drill targeting. Figure 1: Location map Hampore Target in the East Vein Zone. To view an enhanced version of this graphic, please visit: Airborne Magnetics Survey to Enhance Targeting The high-resolution airborne MobileMT geophysical survey, alongside new geological insights will help the Company to refine its exploration targets, enhance the geological model, and assist in identifying further high-priority drill targets. The MobileMT survey, conducted in partnership with Expert Geophysics Surveys Inc. (EGS), is an advanced airborne geophysical technique (Figure 2) that passively detects naturally occurring electromagnetic fields to map deep-seated geological structures. Unlike conventional airborne EM methods, MobileMT offers: Superior Depth Penetration - Imaging structures and mineralized zones down to 1 kilometre depth. Enhanced Structural Resolution - High-resolution data capable of mapping fault zones, intrusive contacts, and hydrothermal alteration pathways. Broad Sensitivity - Effective in both highly conductive and resistive geological environments, making it ideal for detecting both porphyry and epithermal mineral systems. Seamless Integration with Geochemistry - Providing a deep structural framework that complements surface sampling and geological mapping. The survey will cover 877 line-kilometers across a 126 km² area (Figure 3), focusing on major structural corridors and mineralized trends at Hampore. The dataset will integrate high-resolution magnetics and very-low-frequency (VLF) EM data, offering a multi-layered interpretation of the subsurface. Approximately 450 line-kilometers of the survey have been completed to-date. Figure 2: Mobilization of Pacific Helicopters Aircraft (H125 B3e P2-PHS) and Expert Geophysics MobileMT equipment at Kesar, PNG. To view an enhanced version of this graphic, please visit: Refining Drill Targets Data from the MobileMT survey will undergo advanced processing and 3D inversion modeling, with preliminary results available within 15-20 days of survey completion. Final interpretations will follow within eight weeks. The highest-priority targets-where deep geophysical anomalies align with structurally controlled gold mineralization-will be integrated into the follow up drilling program at Kesar. "The integration of advanced airborne geophysics and the ongoing refinement of our geochemical and structural models provides a powerful exploration framework for Hampore," stated Callum Spink, VP Exploration of Great Pacific Gold."This combined approach, which includes the utilization of Mobile Magnetotelluric (MT) surveys-a technique successfully employed by other exploration companies in Papua New Guinea, such as K92 Mining-gives us the confidence to target deeper extensions of known high-grade gold zones and uncover new mineralized systems." The Company will provide updates as drilling progresses and airborne survey data becomes available. Figure 3: Kesar airborne survey flight plans, featuring 200m line spacing with higher resolution 100m line spacing over Hampore and Fufunambi. To view an enhanced version of this graphic, please visit: On behalf of Great Pacific Gold Greg McCunn, Chief Executive Officer and Director For further information visit or contact: Email: info@ About Great Pacific Gold Great Pacific Gold has a portfolio of exploration stage projects in Papua New Guinea ("PNG") and Australia. The Company is focused on developing gold-copper resources from its highly prospective land packages. Its core projects include: Wild Dog - located in the East New Britain province of PNG, Wild Dog is a brownfield exploration project with a history of small-scale gold mining. The project contains numerous epithermal and porphyry hydrothermal-magmatic targets evidenced by previous exploration and operations. The Company expects to begin and extensive exploration program in Q1 2025 at Wild Dog. Kesar - located in the Eastern Highlands province of PNG and contiguous with K92 Mining's mine tenements, Kesar is a greenfield exploration project with several high priority targets in close proximity to the property boundary with K92. Multiple epithermal veins at Kesar are on strike and have the same orientation of key K92 deposits such as Kora. Exploration work to date by GPAC at Kesar has shown that these veins have high grades of gold present in outcrop and very elevated gold in soil grades, coincident with aeromagnetic highs. Arau - located in Eastern Highlands province of PNG, the Arau Project contains the highly prospective Mt. Victor exploration target with potential for a high sulphidation epithermal gold-base metal deposit. A Phase 1 Reverse Circulation drilling program was completed at Mt. Victor in August 2024, with results pending. The Arau project includes the Elandora licence which also contains various epithermal and copper-gold porphyry targets. Lauriston - located in the state of Victoria, Australia, the Lauriston project is located on the southern extension of the Fosterville Goldfield Belt and is adjacent to Agnico Eagle's extensive Fosterville tenements and mine operations. Lauriston contains the Comet-Trojan target, a 4.5km long epizonal orogenic system. The discovery hole at Comet intersected 8m at 105 g/t gold and a follow-up drilling program was completed in Q3 2024. The Company is consolidating its information on the Lauriston project and expects to publish an NI 43-101 compliant technical report. Walhalla - located in the state of Victoria, Australia, the Walhalla project consists of over 1,400km 2 of concessions including the numerous historical mining operations and the recently acquired Woods Point land package. The Company is consolidating its information on the Walhalla project and expects to publish an NI 43-101 compliant technical report. Walhalla contains a high-priority greenfield target called Pinnacles. Extensive soil geochemistry has highlighted a 400m x 1,100m gold mineralized aplitic dyke which contains disseminated sulphides and outcrops at surface. The Pinnacles target is fully permitted and ready for drilling. The Company also holds a number of other exploration projects including the recently acquired Tinga Valley Project. Quality assurance/quality control All assays were subject to quality control measures appropriate for reconnaissance rock chip sampling with duplicates, blanks and commercially available standards with the expected results from the samples submitted. All assays were conducted by Intertek Minerals Ltd. (ISO: 9001), located in Lae, Papua New Guinea, using fire assay techniques with a 50-gram charge and ICP-MS finish (4 acid digest). Overrange samples were tested using ICP-OES (4 acid). The quality control results are consistent. Qualified Person The technical content of this news release has been reviewed, verified and approved by Callum Spink, the Company's Vice President, Exploration, who is a member of the Australian Institute of Geoscientists, MAIG, and a Qualified Person as defined by National Instrument NI 43-101 Standards of Disclosure for Mineral Projects. Mr. Spink is responsible for the technical content of this news release. Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Great Pacific Gold cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Great Pacific Gold's limited operating history, its exploration and development activities on its mineral properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Great Pacific Gold does not undertake to publicly update or revise forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
