Update on Great Pacific Gold Corp.’s Reedy Creek Project in Victoria, Australia

Great Pacific Gold Corp. has announced an update on its Reedy Creek Project in Victoria, Australia, which is a non-core asset for the company. The project covers historic workings and has shown promising results from recent drilling activities. The CEO of Great Pacific Gold, Greg McCunn, highlighted the company’s focused exploration strategy and plans for the coming year, including a significant drilling program at the Kesar Creek Project in Papua New Guinea.

The Reedy Creek project, located near Southern Cross Gold’s Sunday Creek Project, has seen notable intercepts of gold during drilling, indicating the potential for valuable mineral deposits. The company is evaluating its non-core assets to maximize value and potentially fund future activities in Papua New Guinea.

For further information on the Reedy Creek divestiture process, interested parties can contact Mick Carew, VP Corporate Development at Great Pacific Gold. The company is open to various value-creating opportunities for its assets, including asset sales, joint ventures, or spin-outs.

Great Pacific Gold’s portfolio includes exploration projects in Papua New Guinea and Australia, with a focus on developing gold-copper resources. The company’s core projects, such as Kesar, Arau, Wild Dog, Lauriston, and Walhalla, show promising prospects for mineral exploration and development.

The company’s forward-looking statements caution investors about the uncertainties inherent in the mining industry and the need to comply with environmental and governmental regulations. Great Pacific Gold is committed to providing updates on its exploration activities and potential future developments in its projects.

Overall, Great Pacific Gold’s update on the Reedy Creek Project showcases the company’s strategic approach to exploration and development, as well as its commitment to maximizing value for its shareholders through targeted initiatives and focused exploration efforts.