Great Pacific Gold Corp: The Wild Dog Project, Papua New Guinea

Great Pacific Gold Corp (GPAC) is a mineral exploration company focused on identifying and developing gold and copper projects in Papua New Guinea (PNG). Headquartered in Canada, the company is led by an experienced team and is actively growing its portfolio through strategic acquisitions.

Great Pacific Gold Corp

Company Leadership:

  • President & CEO: Bryan Slusarchuk.
  • COO & Director: Neil Motton.
  • CFO: Jonathan Richards.
  • Director: Dr. Chris Muller.

Financial Strength (at the time fo this article):

  • Strong cash position of approximately CAD $10 million.
  • Positive working capital, indicating healthy liquidity.
  • Debt-free, eliminating interest rate burdens.
  • Market capitalization of approximately CAD $96.28 million (fluctuates based on stock price and outstanding shares).

Investment Considerations:

  • Exploration Stage Company: No current sales and reliant on successful exploration for future revenue.
  • Commodity Price Fluctuations: Vulnerable to fluctuations in gold and copper prices.
  • Competitive Landscape: Faces competition from other mining companies.

Growth Potential:

  • Exploration Success: Positive exploration results at key projects could significantly increase resource base and development potential.
  • Rising Commodity Prices: An increase in gold and copper prices could significantly improve profitability.
  • New Discoveries: Ongoing exploration efforts could lead to valuable new discoveries.

Great Pacific Gold Corp.’s Key Project: The Wild Dog Project

Located on the island of New Britain in Papua New Guinea’s West New Britain Province, the Wild Dog Project is a significant exploration project for GPAC.

Project Details:

  • 1,424 square kilometers of land covered by two Exploration Licenses (EL 2516 and 2761).
  • Recently secured advanced-stage exploration license, allowing for more extensive exploration.
  • Discovered in 1983 and known for historical drilling results with high-grade gold intercepts near the surface.
  • Geological features and historical findings indicate potential for gold, copper, and tellurium deposits.

Future Outlook:

  • GPAC views Wild Dog as an “advanced stage asset” and plans aggressive exploration in 2024, including drilling programs to expand known mineralized zones.
  • Success in exploration could lead to a resource estimate upgrade and position the project for future development.

Investor Relations:

For more information on investor relations practices, potential investors are encouraged to visit the company website and contact GPAC directly.

Great Pacific Gold Corp, headquartered in Canada, focuses on developing gold and copper projects in Papua New Guinea. With a strong leadership team and a financial footing featuring CAD $10 million in cash and no debt, the company actively explores, especially at their key project, the Wild Dog Project in New Britain. Despite being in the exploration stage and sensitive to commodity price fluctuations, GPAC shows potential for significant growth through exploration successes and favorable market conditions. Investors should note the inherent risks in exploration ventures.

Important Disclaimer: Investing in the stock market always involves risk. Before making any investment decisions, you should conduct thorough research, consider your risk tolerance, and potentially seek guidance from a financial advisor.

You may also like...