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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

Comment by Quintessential1on Sep 15, 2024 10:56am
58 Views
Post# 36224391

RE:Scraping the bottom of the barrel

RE:Scraping the bottom of the barrelInteresting take especially if you're invested.  If you're not, it becomes kind of obvious.

Hemorrhaged is an intersting way to describe the exploration of multiple sites and the adding of an entirely new jurisdiction with "tremendous potential". 

I guess we will have to wait for Kesar drilling results but given the fact that  the 29 million in cash has been stretched over 3 years of exploring drilling and acquiring, the 0ver 11 million dollars left in the kitty should be able to support the Kesar drilling program with no new dilution required. 

It is also worth noting that while the cash has been depleted by 2/3rds over 3 years the physical assets have septupled and any of them could be leveraged to finance future endeavors.

GLTY and all
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