- Great Pacific Gold (TSXV:GPAC) has revealed high-grade gold assays from a follow-up diamond drill hole at the Comet gold discovery on the Lauriston Gold Project in Australia
- The intercept together with other gold assays occurs within and below a previously identified main zone of the initial high-grade reverse circulation percussion discovery hole CRC07
- The company also received additional high-grade gold intervals from diamond drill hole CDH09
- Shares of Great Pacific Gold are down 3.16 per cent to C$0.76 as of 11:06 am ET
Great Pacific Gold (TSXV:GPAC) has revealed high-grade gold assays from a follow-up diamond drill hole at the Comet gold discovery on the Lauriston Gold Project in Australia.
In a news release, the company stated the intercept, together with other gold assays, occurs within and below a previously identified main zone of the initial high-grade reverse circulation percussion discovery hole CRC07.
Notably, diamond drill hole CDH10 intersected 4 metres at 22.3 grams per ton (g/t) gold from 101.9 metres.
The company also received additional high-grade gold intervals from diamond drill hole CDH09, including 0.35 metres at 55.6 g/t gold from 130.4 metres, 0.2 metres at 22.23 g/t gold from 133.8 metres and 0.2 metres at 15.67 g/t gold from 170.75 metres.
“Drilling has focused on understanding the controls of the gold mineralization and led to the development of a structural geological framework. This structural setting highlights several possible high-grade targets deeper and further west of the current drilling pattern, as well as along strike,” Rex Motton, CEO of Great Pacific Gold, said in a statement. “We are looking forward to continuing drilling to better understand the controls on this highly prospective set of gold mineralized structures and to discover more high-grade gold mineralization.”
With headquarters in Vancouver, Great Pacific Gold has a portfolio of high-grade gold projects in Papua New Guinea and Australia.
Shares of Great Pacific Gold Corp. (TSXV:GPAC) are down 3.16 per cent to C$0.76 as of 11:06 a.m. ET.
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