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Great Pacific Gold Corp FSXLF


Primary Symbol: V.GPAC

Great Pacific Gold Corp. operates a portfolio of high-grade gold projects in Papua New Guinea (PNG) and Australia. In PNG, it holds a significant 2,513 sq. km mineral exploration land package. It includes early-stage and advanced-stage exploration targets with high-grade epithermal vein and porphyry-style mineralization present. Its Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt. Victor Prospect, hosting copper and gold mineralization. Its Wild Dog Project consists of one granted exploration license, EL 2761, and one exploration license application, ELA 2516, located on the island of New Britain and about 50 km southwest of Rabaul and Kokopo, PNG. Its Kesar Creek Project consists of one exploration license, EL 2711, and is contiguous with the K92 Mining Inc. tenements. Its The Tinga Valley Property consists of one exploration license, EL2720, located in the Papua Mobile Belt, which is host to several Tier 1 copper and gold mines.


TSXV:GPAC - Post by User

Post by savinfamilyon Oct 22, 2020 8:56am
98 Views
Post# 31761004

the dog barks, the trailer moves on

the dog barks, the trailer moves onVANCOUVER, BCOct. 22, 2020 /PRNewswire/ - Fosterville South Exploration Ltd. ("Fosterville South" or the "Company") (TSX Venture: FSX) (OTC Markets: FSXLF) (Germany: 4TU) is pleased to announce that it has acquired the Baynton exploration license application ("EL007504"). The Baynton EL application covers an area of 119 square kilometres and adjoins the south eastern border of the Kirkland Lake, Fosterville Gold Mine tenements.

The new tenement is contiguous with the Kirkland Lake boundary for 28 kilometres and expands Fosterville South's property to 43 kilometres of continuous boundary with Kirkland Lake at Fosterville.

Highlights:

  • The Baynton ELA includes the southern extension of the Fosterville Fault and Meadow Valley Fault*, which are both highly prospective for gold mineralisation, as at Fosterville gold mine.

  • Combined, Fosterville South's Lauriston Project and this new Baynton Project total 719 square kilometres

    Fosterville South Chief Operating Officer, Rex Motton, states, "Fosterville South continues to focus on developing and exploring an incredibly exciting and prospective package of high-grade gold prospects in Victoria, Australia. Many of our projects remaining unexplored since high grade production in the early 1900's."

    Fosterville South has approximately CAD $28.5 million cash on hand, is drilling at Golden Mountain, is targeting the near term start up of drilling at Lauriston and is advancing a spin out of the Avoca and Timor projects into a new entity, Leviathan Gold. Fosterville South shareholders will receive one share of Leviathan Gold for every share of Fosterville South that they own at an upcoming Effective Date.

     

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