One company posting notable gains this morning following a new vein discovery is Great Pacific Gold Corp. (TSX-Venture: GPAC) (OTCQX: GPGCF). The Company announced the discovery of a new high-grade epithermal gold-copper vein at its flagship Wild Dog Project in Papua New Guinea, reinforcing its belief that extensive polymetallic mineralization continues along the 15-kilometre Wild Dog Structural Corridor.
The newly identified Magiabe West Vein, situated about 100 metres west of the Magiabe Vein target and roughly 700 metres southwest of the Sinivit deposit, returned exceptional surface rock-chip grades, including results exceeding 100 g/t gold along with strong copper and silver values. These findings rank among the highest surface grades recorded in the southern portion of the corridor and support geological interpretations of multiple parallel vein systems developing within a broad, northeast-trending structural zone.
To date, the Company has completed 18 diamond drill holes at Sinivit, outlining two distinct high-grade shoots. Exploration efforts have now advanced northward to the Kavasuki target, where the first drill hole encountered intense silica alteration, multi-phase quartz veining, and sulphide mineralization indicative of a well-developed hydrothermal system. A second drill rig has also been mobilized to begin testing the Kasie Ridge target, a large advanced argillic lithocap zone at the northern end of the corridor believed to represent a potential high-sulphidation epithermal system. With two rigs operating across different targets, the Company is methodically evaluating the full strike length of the Wild Dog Structural Corridor.
"These results further validate the strength and continuity of the Wild Dog Structural Corridor and highlight the potential of its underexplored southern sector," said Callum Spink, VP Exploration. "The identification of high-grade epithermal gold-copper mineralization supports our interpretation of repeated mineralizing events along this 15-kilometre corridor. With our field team on the ground, systematic mapping and sampling continue to expand our pipeline of high-priority targets and advance them toward drill readiness."
Shares of GPAC are up 15.38% at $0.525, while U.S. listed shares rally 17.71% at $0.3869 in mid-morning trading.
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