Original News Release
Great Pacific drills 58.9 m of 2.5 g/t AuEq at Wild Dog
Mr. Greg McCunn reports
GREAT PACIFIC GOLD INTERCEPTS 58.9M AT 2.5 G/T AUEQ - FIRST KAVASUKI DRILL RESULTS
Great Pacific Gold Corp. has released assay results from the first drill hole at Kavasuki, located approximately one kilometre north of Sinivit along the Wild Dog structural corridor at its flagship Wild Dog project, located on the island of New Britain, East New Britain province, Papua New Guinea. In February, the company announced a second drill rig had arrived at the project and commenced drilling on the Kasie Ridge epithermal gold-copper target while the first drill rig remains focused on an updated 5,000-metre program at Sinivit-Kavasuki.
Highlights from drill hole KVH-01 and update on further drilling:
58.9 metres of 2.50 grams per tonne gold equivalent from 38.6 m (2.43 g/t gold, 2.75 g/t silver and 0.02 per cent copper), including:
4.6 metres of 8.56 g/t AuEq from 49.0 m (8.24 g/t Au, 10.19 g/t Ag and 0.13 per cent Cu);
And 18.1 metres of 2.14 g/t AuEq from 100.6 m (2.08 g/t Au, 1.60 g/t Ag and 0.03 per cent Cu);
Mineralization near-surface and hosted within hydrothermal quartz breccia;
Intersection provides more clarity of structural orientation;
KVH-02 complete; KVH-03 under way;
Great Pacific Gold hosting an analyst day at the PDAC conference in Toronto today.
"KVH-01 confirms the presence of a well-developed mineralized structure at Kavasuki," stated Callum Spink, vice-president, exploration. "The broad intersection of multigram gold within a sulphide-bearing quartz breccia system, near surface, is consistent with the style of mineralization observed at Sinivit. Structural measurements define a west-to-west-northwest-dipping vein orientation, meaning this hole was at least partially drilled down the vein, but the structural data provides confidence in previous drilling and improved targeting clarity as we continue to evaluate continuity along strike and downdip within the broader Sinivit-Kavasuki corridor."
KVH-01 results confirm structural continuity at Kavasuki
Kavasuki is an epithermal vein system approximately one kilometre north of Sinivit with high-grade gold mineralization identified by historic drilling and exploration work over 900 metres of strike length. Two high-grade shoots are believed to be present at Kavasuki with the first Great Pacific Gold drilling initiated recently.
Drill hole KVH-01 was designed to test a revised structural interpretation that the principal Kavasuki vein dipped approximately 55 to 70 degrees to the east. Structural measurements from KVH-01, supported by drilling in KVH-02, indicate that the vein system instead dips west to west-northwest at moderate to steep angles. Based on this refined interpretation, KVH-03 has been redesigned and is currently under way to confirm the geometry of the system.
Mineralization is hosted within multiphase hydrothermal quartz breccia containing sulphide assemblages, including pyrite, chalcopyrite and bornite. The alteration style and sulphide development are consistent with a structurally controlled epithermal vein system. The mineralized intercept lies within a 300-metre-by-200-metre coincident IP (induced polarization) chargeability anomaly (six to eight milliseconds), comparable in scale with the Northern sulphide zone at Sinivit. (Note: The presence of an IP anomaly does not necessarily indicate economic mineralization.)
Kavasuki drill program strategy -- 2026
The 2026 Kavasuki drill program is designed to confirm structural geometry and test continuity along strike and downdip.
KVH-01 was initially designed to test a revised east-dipping interpretation. However, structural measurements and follow-up drilling in KVH-02 confirm the principal vein dips west to west-northwest at moderate to steep angles.
With this geometry established, KVH-03 has been redesigned to optimally test the confirmed west-dipping structure. Drill holes are spaced at approximately 30-metre vertical intervals to confirm continuity before stepping out to broader 50-metre spacing.
The program will systematically evaluate:
Downdip continuity beneath historic high-grade intercepts;
Strike continuity within the 900-metre mineralized trend;
The relationship between mineralization and the coincident IP anomaly.
The broader Sinivit-Kavasuki corridor represents approximately three kilometres of the 15-kilometre Wild Dog structural corridor and remains a key focus of the 2026 program.
Geology summary -- KVH001
Diamond drill hole KVH-01 was completed to a depth of 159 metres. The upper portion (17 to 41 m) comprises oxidized volcanic host rocks. Below 41 metres, hydrothermal quartz brecciation becomes dominant with increasing sulphide development.
A significant quartz breccia interval occurs between 41 and 82 metres, containing variable but locally strong sulphide mineralization. Sulphides include pyrite, chalcopyrite, minor bornite and trace molybdenite. Black sulphidic silica zones become prominent from approximately 51 metres. Mineralization commonly occurs as sulphide rims around brecciated clasts within a quartz matrix.
From 82 to 128 metres, silicified and locally phyllic-altered volcanics dominate, hosting quartz-carbonate veins and fracture-controlled sulphide mineralization. Veining intensity decreases below 128 metres, transitioning into weaker silicification and predominantly propylitic alteration below 154 metres.
Structural measurements define a northeast-southwest-striking vein system dipping west to west-northwest (280 degrees to 315 degrees) at moderate to steep angles (50 degrees to 85 degrees). Multiphase veining and brecciation indicate repeated structural reactivation and sustained hydrothermal fluid flow.
The mineralized intercept lies within a 300-metre-by-200-metre coincident IP chargeability anomaly (six to eight milliseconds), comparable in scale with the Northern Sulphide zone at Sinivit. The presence of an IP anomaly does not necessarily indicate economic mineralization.
Updated structural interpretation and follow-up drilling
KVH-02 was drilled from the same pad at a steeper inclination to test the interpreted downdip extension of the KVH-01 mineralized structure. While the hole intersected alteration and structural features consistent with the hydrothermal system, visually, it did not appear to contain significant gold mineralization.
The results have refined the company's understanding of the vein geometry and have led to the redesign of KVH-03 to better target the interpreted high-grade shoot within the broader IP chargeability anomaly.
PDAC analyst day presentation
Great Pacific Gold is hosting an analyst technical presentation in Toronto, Canada, today in parallel with the annual PDAC conference. Mr. Spink, vice-president, exploration, and Mick Carew, vice-president, corporate development, will lead a technical discussion on the company's Wild Dog project results to date, along with a detailed technical overview of the project and regional geology. Greg McCunn, chief executive officer, will also speak to the group. Materials from the analyst presentation will be available on the company's website following the event.
Qualified person
The technical content of this news release has been reviewed, verified and approved by Mr. 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 43-101, Standards of Disclosure for Mineral Projects. Mr. Spink is responsible for the technical content of this news release. Mr. Spink is not independent of the company.
Quality assurance/quality control (QA/QC)
The company follows industry-standard QA/QC procedures. Diamond drill core (HQ and PQ diameter) was sawn in half, with one-half submitted to Intertek Minerals Ltd. in Lae, Papua New Guinea, an ISO 9001-certified independent analytical laboratory with internationally recognized quality standards.
Gold analyses were completed by fire assay, with copper and silver initially determined by aqua regia digestion and atomic absorption and subsequently updated using four-acid digestion (MS48) multielement analysis.
Certified reference materials (standards) and blanks were inserted into the sample stream at industry-standard frequencies, including routine insertion of blanks following mineralized intervals. All assay batches received to date have passed QA/QC review and fall within acceptable tolerance limits.
Core recoveries were within acceptable ranges, and sampling procedures were carefully managed in areas of variable ground conditions.
About Great Pacific Gold Corp.
Great Pacific Gold's vision is to become the leading gold-copper development company in Papua New Guinea. The company has a portfolio of exploration-stage projects in Papua New Guinea as follows:
Wild Dog project: The company's flagship project is located in the East New Britain province of Papua New Guinea. The project consists of a large-scale epithermal target, the Wild Dog structural corridor, stretching 15 kilometres in strike length and potentially over 1,000 metres deep based on a recent MobileMT geophysics survey. The survey also highlighted the Magiabe porphyry target, adjacent to the epithermal target and potentially 1,000 metres in diameter and over 2,000 metres deep. Drilling of the epithermal structure on the Sinivit target has yielded high-grade results, including WDG-08, which intercepted 8.4 metres at 50 g/t AuEq from 154 metres. The current drilling program will extend into 2026, with a second drill rig expecting to be operational in early February, 2026.
Kesar project: Located in the Eastern Highlands province of Papua New Guinea and contiguous with the mine tenements of K92 Mining Inc., the Kesar project 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 as key K92 deposits, such as Kora. Exploration work to date by the company at the Kesar project has shown that these veins have high grades of gold present in outcrop and very elevated gold-in-soil grades, coincident with aeromagnetic highs. The company conducted a diamond drill program on key target areas at the Kesar project from November, 2024, to May, 2025, and has developed a follow-up phase 2 program for 2026.
Arau project: Also located in the Eastern Highlands province of Papua New Guinea, the Arau project is south of and contiguous to the mine tenements of K92. Arau contains the highly prospective Mount Victor exploration target with potential for a high-sulphidation epithermal gold-base metal deposit. A phase 1 reverse circulation drilling program was completed at Mount Victor in August, 2024, with encouraging results. The Arau project includes the Elandora licence, which also contains various epithermal and copper-gold porphyry targets.
The company also holds the Tinga Valley project in Papua New Guinea.
We seek Safe Harbor.
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