Junior Miner Ignites Rally on Strong First Drill Results

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Thursday, June 5, 2025

With gold trading near all-time highs, it doesn't take much optimism from a gold miner to spark a rally. Today, a dual-listed miner did just that, delivering strong initial drill results that have investors rushing to hit the "buy" button.

Shares of Great Pacific Gold Corp. (TSX-Venture: GPAC) (OTCQX: FSXLF) are on the move higher as the company has launched a new drill program at its Wild Dog Project in East New Britain, Papua New Guinea, targeting high-priority zones along a 3 km mineralized corridor.

Recent drilling highlights included Hole WDG-02, which targeted sulphide mineralization beneath the historic Central Oxide Pit—an area previously mined for high-grade oxide gold and considered promising for open-pit development. The hole returned a strong intercept of 7.0 meters grading 10.3 g/t AuEq (5.5 g/t gold and 3.1% copper) from 65.0 meters, including a higher-grade interval of 2.0 meters at 14.3 g/t AuEq (10.7 g/t gold and 2.3% copper). Hole WDG-03, located 200 meters south at the Southern Oxide Pit, encountered extensive breccia, phyllic alteration, grey sulphides, and quartz veining—indicative of the main Wild Dog vein structure—though assay results are still pending. Drilling is ongoing with WDG-04, which is targeting a follow-up intercept from the same pad as WDG-03.

"The first drill results from our Phase 1 drill program at Wild Dog did not disappoint," stated Greg McCunn, CEO. "We now have a drill rig on the ground, a highly experienced technical team, and the infrastructure support in place to explore the potential of this system. We anticipate steady news flow from our drilling program over the coming months as we systematically test about 10% of the overall 15km Wild Dog structural corridor with our planned Phase 1 drilling."

Callum Spink, Vice President Exploration said, "Intersecting high-grade copper-gold hydrothermal breccia in the first hole is exactly the kind of result we hoped for as we get started on this exciting campaign. We believe we have intercepted the main Wild Dog vein in WDG-03 and we are targeting a further step out in the main vein with WDG-04, which is underway."

Investors seem to agree with management’s optimism pushing shares of GPAC up 15.22% to $0.53 while U.S. listed shares rose 16.47% to $0.396 in late-morning trading.

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