Great Pacific Gold Provides Kesar Gold Project Update
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The most recent news release from Great Pacific Gold Corp. on October 31, 2025, provides an update on its Kesar Gold Project in Papua New Guinea. Key points include: - The company expects to file an updated NI 43-101 technical report for the Kesar Project, with an effective date of September 9, 2025. - This report will analyze the Phase 1 exploration program and recommend a Phase 2 program, which is projected to include 3,000 meters of diamond drilling in 2026. - Total exploration expenditures at Kesar during the initial two-year license period amounted to approximately C$5.8 million (16.7 million PNG Kina). - An application has been submitted to renew the Kesar exploration license for an additional two years. - Specific drilling results were highlighted: - Hole KDH003 (Anteruno target): 3.13 meters grading 3.67 g/t Au. - Hole KDH011 (Hampore target): 0.94 meters grading 3.17 g/t Au. - CEO Greg McCunn emphasized that while the Wild Dog project remains the company's top priority, Kesar holds "tremendous potential" and its strategic location next to K92 Mining's Kainantu Mine is significant. A focused follow-up program at Kesar is planned to unlock unrecognized value.
This news release provides a routine update on the Kesar Gold Project and largely reiterates previously disclosed information and planned activities, rather than announcing new, game-changing developments.
The drilling result for KDH003 (3.13m @ 3.67 g/t Au) was explicitly reported in the April 1, 2025, Kesar project update, meaning this is a re-statement rather than a new discovery. The intercept from KDH011 (0.94m @ 3.17 g/t Au) is new but is narrow and of moderate grade, which is not considered material for an exploration company looking for bonanza-grade mineralization.
The expectation to file an updated NI 43-101 technical report and recommend a Phase 2 program (3,000m of drilling in 2026) is a standard progression for an exploration project. It indicates continued commitment but does not signal an unexpected acceleration or a significant upgrade in the project's perceived value. The C$5.8 million expenditure and the application for a license renewal are necessary steps for ongoing exploration but do not inherently create new material value.
The CEO's commentary, while positive about Kesar's potential, explicitly prioritizes the Wild Dog project. This reinforces the market's current understanding that Wild Dog is the company's primary focus for major discoveries, with Kesar as a promising, but secondary, asset.
Therefore, the news aligns with existing expectations for the Kesar project and does not introduce information that would fundamentally alter the company's risk profile, financial outlook, or strategic direction in a material way.
Great Pacific Gold Corp. (GPAC) is a mineral exploration company primarily focused on gold and copper assets in Papua New Guinea (PNG). The company has been strategically streamlining its portfolio by divesting or spinning out non-core Australian assets to concentrate efforts on its high-potential PNG projects.
Flagship Project: Wild Dog Project (New Britain, PNG) - Ownership: 100% owned. - Commodities: Gold, copper, silver. - Geology: Characterized as a district-scale epithermal vein structural corridor (estimated >15 km strike, >1,000m vertical extent) with both high-sulphidation and low-sulphidation epithermal gold-copper mineralization, and significant porphyry copper-gold potential (e.g., Magiabe target). - History: Hosted historical small-scale open-pit mining (Sinivit, 2007-2013) which exposed high-grade mineralization. - Current Development: The company is undertaking an expanded Phase 1 diamond drill program (5,000 meters, 28 holes) at the Sinivit target, expected to continue into early 2026. A second drill rig is being mobilized to accelerate drilling and test deeper/step-out targets. MobileMT geophysical surveys have highlighted the large scale of the system and porphyry potential. - Recent Highlights: Drilling has yielded impressive high-grade intercepts, such as 8.4 meters at 49.9 g/t AuEq in hole WDG-08, including a bonanza zone of 0.8 meters at 329 g/t AuEq.
Key Project: Kesar Project (Eastern Highlands, PNG) - Location: Contiguous and on strike with K92 Mining's Kainantu Mine. - Commodity: Gold, polymetallic. - Development: Greenfield exploration project. Phase 1 diamond drilling (approximately 3,714.3m in 13 holes) was completed by May 2025, targeting areas like Anteruno, Hampore, and Fufunambi. Visual observations at Hampore have noted similarities to K92 Mining's Kora and Judd deposits. An updated NI 43-101 technical report is expected, recommending a Phase 2 program (3,000m drilling in 2026). The company has spent C$5.8 million at Kesar and applied for a license renewal.
Australian Assets (Divested/Spin-out): - Walhalla Gold Project (Victoria, Australia): Approved for a 1:1 spinout to shareholders as Walhalla Gold Corp. Historically produced 2.2 million ounces of gold at an average grade of 25.3 g/t. Great Pacific Gold will retain a 2% Net Smelter Return (NSR) royalty on this project. - Reedy Creek & Providence Projects: Sold to Golden Cross Resources Inc. for C$1 million cash, 6 million Golden Cross shares, and up to C$3 million in contingent payments upon achieving milestones. - Lauriston Project: Sold to Adelong Gold Ltd. for A$2.5 million cash (non-contingent), A$2 million (contingent on first gold pour), and A$1.5 million in Adelong shares. GPAC retains a 2% NSR. - Golden Mountain Project: Sold to Adelong Gold Ltd. for A$350,000 cash and A$350,000 in Adelong shares. - Everton Project: Sold to Norrland Gold Corp. for 2 million Norrland shares.