Great Pacific Gold Appoints Callum Spink as Vice President, Exploration
October 29 2024 - 10:13AM
Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the
"Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) has recently
commenced a 5,000 meter diamond drill program at the Company’s
Kesar Project in Papua New Guinea, near the border with K92
Mining’s Kainantu mine concessions. The Company also recently
announced that preparations have begun for a 2025 field program at
its Wild Dog Project in East New Britain Province, PNG.
With exploration activity at the Company focused
at Kesar and Wild Dog in Papua New Guinea, the Company is pleased
to announce the appointment of Mr. Callum Spink as Vice President,
Exploration.
Mr. Spink brings 15 years of dedicated expertise
in mining, exploration, and resource development, marked by a
record of success across complex geological terrains, particularly
in Papua New Guinea. Mr. Spink has excelled in high-level
exploration roles, including in his recent position as Senior
Exploration Geologist at Porgera, Papua New Guinea for Barrick
Gold. His previous experience spans Superintendent and Principal
Geologist roles with companies like Newcrest (Lihir), Northern Star
Resources and Pacgold, underscoring his ability to drive strategic
project generation and deliver sustainable value through rigorous
geological assessment.
Mr. Spink specialises in project management, 3D
modelling, and advanced geostatistical analysis, bringing a refined
skill set in subsurface interpretation, drill program design, and
high-priority target identification. His geological exploration
expertise has enabled him to lead complex exploration programs from
inception through to discovery. Mr. Spink leverages his technical
proficiencies and strategic vision to drive discovery and optimise
resource growth, ensuring impactful exploration outcomes and
shareholder value creation.
“Attracting someone of Callum’s caliber to the
team is a testament to the quality of our assets, particularly
Kesar and Wild Dog,” stated Greg McCunn, CEO of Great Pacific Gold.
“His extensive experience in PNG including recently as Senior
Exploration Geologist at Porgera and at Lihir will be invaluable as
we unlock shareholder value with our 5,000 meter diamond drill
program that is currently underway at Kesar, and with our plans for
Wild Dog for 2025.”
Mr. Spink will oversee all the Company’s
exploration programs in both Papua New Guinea and Victoria,
Australia. He will be instrumental in setting the Wild Dog
exploration program for 2025 over a transition period in November
and December. He will start full-time in the Vice President,
Exploration role on January 1, 2025.
Mr. Spink holds a Bachelor of Applied Science in
Geology and a Master in Business Administration (MBA).
Other Management and Board
Changes
The Company also announces the resignation of
Neil (Rex) Motton, Chief Operating Officer and Director, effective
immediately. Mr. Motton has overseen the exploration program and
land acquisition program for the Company in Victoria, Australia
since the Company’s inception as Fosterville South in
2020.
Liza Gazis, Project Administrator Australia and
Director, has also resigned, effective immediately.
Great Pacific Gold Board Chair, Charles Hethey
stated: “On behalf of the Board of Directors, I would like to thank
Rex and Liza for their efforts to build an exploration portfolio in
Victoria, Australia. With the Company shifting its focus to Papua
New Guinea, we wish Rex and Liza well in their future
endeavours.”
On behalf of Great Pacific Gold:Greg
McCunnChief Executive Officer and DirectorDirect: (604)
229-9445Toll Free: 1 (833) 923-3334
For further information visit
gpacgold.com or contact: Investor RelationsEmail:
info@gpacgold.com
About Great Pacific Gold
Great Pacific Gold has a portfolio of
exploration stage projects in Papua New Guinea (“PNG”) and
Australia. The Company is focused on developing gold-copper
resources from its highly prospective land packages. Its core
projects include:
- Kesar – located in the Eastern Highlands
province of PNG and contiguous with K92 Mining’s mine tenements,
Kesar 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 of key K92 deposits such as Kora. Exploration work
to date by GPAC at Kesar has shown that these veins have high
grades of gold present in outcrop and very elevated gold in soil
grades, coincident with aeromagnetic highs.
- Arau – located in Eastern Highlands province
of PNG, the Arau Project contains the highly prospective Mt. Victor
exploration target with potential for a high sulphidation
epithermal gold-base metal deposit. A Phase 1 Reverse Circulation
drilling program was completed at Mt. Victor in August 2024, with
results pending. The Arau project includes the Elandora licence
which also contains various epithermal and copper-gold porphyry
targets.
- Wild Dog – located in the East New Britain
province of PNG, Wild Dog is a brownfield exploration project with
a history of small-scale gold mining. The project contains numerous
epithermal and porphyry hydrothermal-magmatic targets evidenced by
previous exploration and operations. The Company completed a road
refurbishment in August 2024 and access to the project has been
established for baseline environmental and exploration work.
- Lauriston – located in the state of Victoria,
Australia, the Lauriston project is located on the southern
extension of the Fosterville Goldfield Belt and is adjacent to
Agnico Eagle’s extensive Fosterville tenements and mine operations.
Lauriston contains the Comet-Trojan target, a 4.5km long epizonal
orogenic system. The discovery hole at Comet intersected 8m at 105
g/t gold and a follow-up drilling program was completed in Q3 2024.
The Company is consolidating its information on the Lauriston
project and expects to publish an NI 43-101 compliant technical
report.
- Walhalla – located in the state of Victoria,
Australia, the Walhalla project consists of over 1,400km2 of
concessions including the numerous historical mining operations and
the recently acquired Woods Point land package. The Company is
consolidating its information on the Walhalla project and expects
to publish an NI 43-101 compliant technical report. Walhalla
contains a high-priority greenfield target called Pinnacles.
Extensive soil geochemistry has highlighted a 400m x 1,100m gold
mineralized aplitic dyke which contains disseminated sulphides and
outcrops at surface. The Pinnacles target is fully permitted and
ready for drilling.
The Company also holds a number of other
exploration projects including the recently acquired Tinga Valley
Project.
Forward-Looking Statements
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. Great
Pacific Gold cautions that all forward-looking statements are
inherently uncertain and that actual performance may be affected by
many material factors, many of which are beyond their respective
control. Such factors include, among other things: risks and
uncertainties relating to Great Pacific Gold's limited operating
history, its exploration and development activities on its mineral
properties and the need to comply with environmental and
governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, Great Pacific Gold does not undertake to
publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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