Great Pacific Gold Corp. has announced that it has received notification from the Papua New Guinea Mineral Resources Authority (the MRA) of the grant of Exploration Licence 2711, which wholly covers the Kesar Creek Project.
The notice was received on 14 November 2023 with the Exploration Licence in effect from 31 October 2023 for a period of two years until 30 October 2025.
Kesar Creek Project is contiguous with the K92 Mining Inc. tenements and a short distance from multiple epithermal vein deposits and porphyry targets identified on the K92 Mining Inc. project.
Assays from an initial small scale sampling programme at the Kesar Creek Project identified high-grade gold from veins in the same strike and orientation as those found on the K92 Mining Inc. tenements.
Exploration programme to commence including blanket soil geochemical work to further define target areas for an upcoming drill programme.
Bryan Slusarchuk, CEO of GPAC, stated, “First of all, we would like to thank our project partner, geologist Andy Thomas, who did a significant amount of work securing the grant of the Kesar Creek Exploration Licence, concurrent with the support of the local landowners and communities. With the grant of the Exploration Licence, we are now in a position to carry out the necessary exploration work to define our lead drill targets. We look forward to building on the good work done to date at Kesar Creek, supported by the strong financial position of the company and a team with a track record of exploration success and discovery in-country.”
Read the article online at: https://www.globalminingreview.com/mining/20112023/great-pacific-gold-granted-exploration-licence-for-kesar-creek-project/
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