Great Pacific Gold - Exploration Update: 58.9m at 2.5 g/t AuEq In First Hole At Kavasuki, New High-Grade Targets, Drilling Ongoing

Hey, everyone, welcome to the K.E.

Report in a company update from great Pacific gold.

I am chatting again with the president and CEO Greg

McCun, lot for Greg and I to talk about here on more of an

exploration update.

We have some drill results.

The first drill hole out of this new Kawasaki target and

drilling progress updates.

We have some more drilling going on at Kawasaki.

We also have the second drill rig as we talked about in our last

interview that's at Cassie Ridge, as well as some

sample results on some new targets.

The Morgan Vane and the Magyabi West area.

So lot for us to talk about all this news has come out just in

the first half of this month.

And remember when I was talking to Greg earlier with this drill

program, we were all about the Cinevitt target, which had a few

number of results of over 100 gram meters.

So Greg, let's start off with the March 3rd news release,

the first drill result from the Kawasaki target, headline

number of being almost 60 meters, 58.9 meters at 2.5 grams

per ton gold equivalent.

Now this Kawasaki is only 1 kilometer away from Cinevitt.

So Greg, I do need to ask this first hole.

This is a hack of a drill result for a first hole into a

target.

There was some historic drilling here.

So where was this hole drilled compared to the historic

drilling?

I'm sure some people are wondering if you simply

twin the hole and that's how you got this out of the gate

really good result.

Yeah, thanks, Courtney.

Thanks for having me on again.

And as you mentioned, we have since we last spoke, moved the

rig from the Cinevitt target over to Kawasaki, which is about

a kilometer to the north of Cinevitt, simply because we're

consolidating our 18 holes that have been drilled at Cinevitt.

We'll be back there.

But right now we decided to park the rig on Kawasaki and have

had tremendous results on the first hole.

As you guys probably see in that March 3rd news release, you

mentioned there's a long section in there with some contoured

areas that show the potential for two high-grade shoots at

Kawasaki.

Really Kawasaki is likely in an extension of Cinevitt.

They're probably both connected based on our geophysics.

There's a gap in between that we has never been drill tested,

but they certainly look like they all connect.

And there's probably four or five of these high-grade shoots

that will make up plus million ounces in this type of region

that we hope.

But really starting at Kawasaki, we were expecting good

results.

We're drilling into what we expected based on shallow drilling

a high-grade core.

But we don't twin holes, Corey.

I think with an epithermal system, which can be quite

variable from hole to hole, it's more important for us to

really fill in gaps between existing drill holes.

So hole number one was a hole that was chosen between two holes.

They were drilled quite shallow previously.

We were drilling into a gap from the opposite direction

on this in this stage.

We were drilling from the east with our interpretation of the

van potentially that it was dipping to the east.

And we had, as you say, great success.

There was, you know, 58 meters pardon me at two and a half

gram per ton close to surface.

So this was talking open pitable type resources here.

And in fact, down the hole a little further, another 18 meters

at 2.1 gram per ton gold equivalent.

So very, very good intercepts in that first hole.

We now know that maybe that was drilled slightly parallel to

what's almost vertical vaning here.

And so we've now stepped out with hole number three and are

drilling from the western side of this van.

And we announced, you know, subsequent to that March 3rd release

that we were able to intercept the brecheted system and

have another good looking, good looking intercept in the box.

We intercepted the van from five meters and it ran all the way

down to about 50 meters down the hole.

So about 45 meters of hydrothermal brechia, epithermal

vaning, it looks like it should be carrying some decent

grades and we're waiting anxiously for hole number three

to come back from the lab.

That'll probably be the next piece of news you see out of us.

Okay, Greg, just further explain then why you shift the drill

rig really perpendicular to where this hole one was drilled

and hole two, it looks like from that March 11th news release

that hole two didn't hit the system, didn't hit the vane

you're looking for.

But now when you're drilling on this other angle and it looks

like hole three and then four, five, six stepping out further

to the left side of that cross section, that's figured three

in March 11th news release, why this matters?

What this will tell you more about the system?

Yeah, and Cory, if you remember just for listeners to remember

that, you know, though we do have some historical drilling

here in particularly in Kavisuki in the Sinavid areas

where it was more concentrated, we don't have that drill core.

So we have grades and we have a grade model that we've built

based on it and call our locations, et cetera,

they were able to confirm, but we don't have lethology,

we don't have orientation, that type of data.

And so our interpretation originally of the Kavisuki vane

based on what we saw in mapping and our geophysics

in a mobile empty survey in the area,

was it potentially this vane was dipping to the east

and it had previously been drilled from the west,

albeit very shallowly.

So we did drilled hole number one

and had that fantastic result from the east side.

When we went to drill two, we tried to drill from the same pad

but much deeper and trying to intercept the vane

below where we had drilled hole number one.

And as you say, completely missed.

So what we end up knowing now is that we were drilling parallel

to the vane structure.

Now, the vane's almost vertical,

but it does dip to the west, it appears.

And so we're now drilling from the western side

where the topography is actually quite a bit more favorable.

This really is a, looks like a low line vane structure,

structurally controlled deposit,

running with the topography to the west,

which is also downhill.

So as we move, as you said, hole four,

hole five, the proposed holes there,

which are coming hole fours actually underway,

we move downhill and to the west or to the left

on that section, which is a section looking north.

So I also want to talk about this gap

between Cinevitt and Kawasaki.

It's about a kilometer long in that March 3rd news release,

figure one shows this gap and labels it as an undrild gap.

So are you moving in that direction?

Are you going to be drilling this gap at some point?

This year?

Yeah, I would certainly correlate it.

Our intention is to fill that gap with it,

with the, we've got a number of proposed holes there.

As we get more data from Kawasaki,

and then consolidate our data from Cinevitt,

combine all of that with our geophysics,

you know, we're starting to get some really important data

on structural controls, et cetera.

And some of the analysis of the geophysics

with the liniment analysis is helping us in this regard.

The gap does look like it could has the potential

for further high grade material.

And certainly we want to drill test that in 2026.

We don't have it planned for Q1, certainly,

and you're not going to drill it in the next two weeks,

but we certainly believe that gap connects

and really this is all one continuous system

across the Cinevitt Kawasaki corridor,

which is about two and a half to three kilometers

of strike length here.

Okay, so that could all connect.

It's all part of, I guess, the current drill program.

Let's also talk about the drilling at Cassie Ridge.

No, that's where this second drill rig went to.

You issued some, I guess, visuals for a whole one.

Still doesn't sound like that whole is that deep,

but make sense of what you are seeing early on

in the drilling at Cassie Ridge.

Yeah, so rig number one, Corey,

is going to stay on Cinevitt and Kawasaki.

And it's a nice balance here.

We're delivering, we think, you know,

high probability of success in that area.

We'll obviously have some misses,

like whole number two where we're testing our understanding,

but more or less we're building resources at those targets,

right, as is what's happening with that first drill rig.

Now, rig number two, as you mentioned,

just arrived brand new drill rig.

It's been, we've been drilling with it for about a week now

at the Cassie Ridge target.

This is a different type of target.

This has got some real torque to it, if you like.

This is a target that's never been drilled before.

It's four and a half kilometers north

of the Cinevitt, Kawasaki area,

on a fork to the wild dog epithermal vaning structure,

which you can see in our news releases,

our map of that area and the orange shaded area,

right at the northern tip of this.

And the reason this is exciting is,

is it's, you know, a really obvious target

from a geophysics perspective

and from a topography perspective,

we've got an outcropping lithocap,

which has got all the right signatures

of a high solidation epithermal system

underline by a potential for a major porphyry.

And so we've been testing the rig because it was brand new.

You know, we need to do a little bit of training

for the drill drilling crew on this.

There's an identical rig operating at Lahir,

which is not too far away.

So the trainers and some of the drilling contractors

have come across from Lahir to teach our guys how to do it.

So we've managed to penetrate the lithocap

with some preliminary holes.

And we've started to see what's underneath.

Now, hole number one, as you say, is underway.

We're about 55 meters down the hole.

We've drilled through the lithocap.

We're still about 50 to 60 meters away

from where we think the high solidation system may start

based on the geophysics.

But we're already seeing, you know, disseminated

hydrothermal breccia type material,

visual calcopyrite in the drill core

when we've gone through, once we've gone through the clays.

And that's, visual calcopyrite's been confirmed

with XRF handheld XRF analysis.

So it's, we'd start, we're starting to get excited.

But yeah, still a little ways to go.

We really love this target.

It would be a complete game changer, you know,

and we don't need to drill, you know, 30 meters

at 50 grams here to be excited.

Any sniff of a major epithermal system,

any evidence of a system being present here

would be a huge win for a maiden drill hole into this area

and would cause us to follow up on that.

So this could be, you know, millions of ounces

that's a new extension to the wild dog system

that has never been drill tested before.

So higher, a little higher risk.

And they were, you know,

we're the first drill holes going in certainly,

but also higher rewards.

So this is the kind of thing they would really change

the outlook on the scale of the wild dog structural corridor.

So since it is still so early on, maybe hard to tell,

but what is the general size or strike of this target,

this Cassie Ridge target?

And how many holes are you going to put into it,

not even depending on what this first hole looks like,

although you sound encouraged by it,

but how many holes in total are you going to put into Cassie Ridge?

Well, initially we're going to,

we've got a plan to, with pads built

for four to five drill holes, depending on the results.

And like these results, you know,

we're getting good turnaround on copper, gold, silver,

fairly quickly out of the lab and popping a guinea.

But some of these, you know,

some of the important elements here

are going to be trace elements that we're not going to get

on a short turnaround, you know,

particularly when we're trying to understand

where we are in the overall system,

whether we're in the boiling zone and the, you know, et cetera.

So there's going to be trace elements that we need on this,

that'll probably take us five or six weeks to get back.

So the idea here is to turn around some

of the more important assays quickly,

understand what we've got in the first four or five holes,

then likely we'll move that drill down

to our other pipeline targets,

particularly the ones I think we're going to talk about

in a second, which we've been working on in the field,

the Morgan Vane and the Maggie Abbey Vane

with a new discovery at Maggie Abbey West.

Those are starting to become very high priorities for us.

And so while we're waiting for the more detailed results

out of Cassie, including the multi-element analysis

from Australia, we'll be moving the drill

to drill some of these other targets down the pipeline.

Okay, yeah, let's move to the most recent news release

that came out just yesterday, March 16th.

This is channel samples from Maggie Abbey West,

as well as the Morgan Vane.

Some pretty good numbers here.

The Morgan Vane headline number is over 13 meters

of over four grams per ton gold equivalent.

That's mostly gold in there.

And Maggie Abbey West follow up channel samples

of eight meters of over 18 grams per ton gold equivalent.

I guess walk us through both of these targets

and how quickly they're progressing to being drill ready.

Yeah, so the Maggie Abbey West Vane is,

people may remember that it's a new discovery.

We were working on the Maggie Abbey Vane,

which is itself, you know, about a kilometer

and a half south of the Sinovitt target.

So in the opposite direction of Kavassuki,

heading out towards magma,

along this sort of four and a half, five kilometers

of, you know, well understood strike length

and we're working on advancing targets through our pipeline.

And Maggie Abbey was one of the ones

where we have a, we have an orange triangle on it

if you look at our pipeline,

which means that it's got drill ready targets on it,

but the pads are not constructed.

The water supplies not there yet.

So we're, we had a crew out there doing that.

And if you remember, we discovered this Maggie Abbey West Vane

with while we were building the road in the road cut.

And we've now traced that Vane,

almost a kilometer of strike length.

And as you say, we cut a channel sample across it here

recently to support and augment the rock chip sampling

that we had done previously.

And that's where we had the eight meters

at 18.1 gram per ton gold equivalent,

which is a tremendous channel slash trench sample.

As well, there's some new rock chip samples

that are extended the original tracing of this Vane

and other 85 meters to the southwest.

And so Maggie Abbey and Maggie Abbey West

are both shaping up to be parallel structures.

South of Sinovitt, it looked to be very similar

in terms of scale and geology to the Sinovitt area,

which is just more well advanced in terms of historic work.

And then again, similarly, the Morgan Vane,

which is a parallel Vane to Sinovitt,

it actually lies to the west of it

off towards the Maggie Abbey porphyry.

And that's an area where again,

we had starting to advance a target, getting it drill ready.

It was not quite to the point

where we had drill pads designed on it.

So our second field crew, one field crew's building pads

and building roads and getting infrastructure ready.

The other one is doing this type of rock chip sampling,

mapping, geochemistry, and including, in some case,

some trenching and channel sampling.

And a channel that we cut across the Morgan Vane gave us,

it was, I believe, you might have

been spoke there according to on 13,

but 19.3 meters at just over four grams,

4.1 gram per ton gold equivalent.

So fantastic results.

And inside that 19.3 meters, two and a half meters

at over 30 gram per ton gold equivalent

on the surface trenching sample.

So really good, high looking veins.

And I think more importantly, on Morgan,

than just that high, those high grade results

is at the Morgan Vane.

As originally, this was, we thought about a 200 to 250 meter

strike length of vaning.

That's why it wasn't an orange triangle yet.

It was still a black square, a little earlier stage.

But we now trace this for over 850 meters.

And now that's a fourfold increase

in what we had previously here in terms of strike length.

So again, another Vane system that's parallel to,

and similar scale to CineVid.

So these are just, all of these are adding up.

And I think these results are continuing

to demonstrate the scale and the exploration potential

of the wild dog structural cord,

or which is total 15 kilometers in length.

That's just a tremendous system.

And we're just systematically working our way through it now.

So Greg, simplify it for us then.

How many targets do you have that you think

will be drilled this year?

And I know we keep talking about this drill program

where you have the money to simply just keep continuing it.

Sounds like you have the targets to keep continuing it.

So how much money do you have?

And how many meters can you go

still before you'd need to raise again?

But first and foremost, again, how many targets

now do you want to drill this year?

Yeah, we're looking at working our way through

that all of the sort of more advanced targets

in the first half of this year.

That's what we really have our site set on Corey,

because then we'll know which ones we want to go back

and start doing more resource expansion type drilling,

like we were currently doing at Sinovitt and Kawasaki, right?

So we want to get out and get some holes,

like four or five six drill holes in Maggie Abbey,

Maggie Abbey West, the Morgan Vane,

magnet, that four and a half kilometers of strike length

that includes Kawasaki, Sinovitt,

and all the way south to magnet.

That's our focus.

That's about a third of the overall structural corridor,

along with Cassie Ridge, obviously,

which is further to the north.

But that four and a half kilometers,

we really want to get the main targets tested

on there in the first half of the year,

and then use the second half of the year

for building resources across that area.

So that's, you know, right now we've got $10 million

in cash or working capital, actually.

So cash less payables.

And you know, we're in a good position

to continue to drill at these rates

with two drills turning here.

We're in a good position to do that

for the foreseeable future,

for the balance of 2026.

But obviously at some point,

you know, this project is getting larger and larger.

So there's always potential to go bigger on the drill program.

And you know, we're just really happy

that we've got the infrastructure

and the team here in place.

Eventually we'll look to expand this

and when we get into drill out phase two,

three, four, five drill rigs at some point.

But right now, once enough at a time,

we're systematically working our way through this,

through this target list.

Yeah, fair enough.

These targets do seem to be delivering for you early on here.

So it's kind of fun talking about all these different targets.

And it seems like every time we talk,

it's almost something new to talk about as well

as drill results from areas that you're already excited about.

So Greg, thanks for walking us through these news releases

from just the beginning half of this month.

I'll post a link to the great Pacific gold website.

So all of you listening can read over those news releases.

And please send me any follow up questions you have for Greg

and his team.

And I'll get Greg to address those in future calls.

Again, Greg McConn, President and CEO of Great Pacific Gold

Company is traded on the TSX Venture Exchange

under the symbol GPAC on the OTCQX under the symbol GPGCF

and the Frankfurt Exchange V3H.

Greg, thank you very much for the update.

Thanks, Corey.