Great Pacific Gold Advances Drilling Across Sinivit–Kavasuki Corridor in PNG

Great Pacific Gold ( (TSE:GPAC) ) has provided an update.

Great Pacific Gold has updated investors on its 5,000-metre diamond drill program at the Sinivit and Kavasuki targets within its Wild Dog Project in Papua New Guinea. The company has completed 18 holes at Sinivit totaling about 3,833 metres, delineating two high-grade shoots known as the Northern Sulphide and Southern Oxide, with mineralization remaining open at depth and along strike.

At Kavasuki, roughly 1 km north of Sinivit, Great Pacific Gold has begun its first modern drill holes following historic shallow campaigns that outlined high-grade gold over a 900-metre strike. Initial holes KVH-01 and KVH-02 have intersected hydrothermal quartz breccias with sulphide mineralization, and an additional 5,000 metres of drilling with Rig #1 will systematically assess the continuity and scale of the Sinivit–Kavasuki corridor while integrated geological modelling guides future step-out drilling at Sinivit.

The most recent analyst rating on (TSE:GPAC) stock is a Hold with a C$0.49 price target. To see the full list of analyst forecasts on Great Pacific Gold stock, see the TSE:GPAC Stock Forecast page.

Spark’s Take on TSE:GPAC Stock

According to Spark, TipRanks’ AI Analyst, TSE:GPAC is a Neutral.

The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and worsening cash burn) despite a low-debt balance sheet. Technicals are mixed-to-weak with negative MACD and price below key short/mid-term averages, while valuation is difficult to justify on earnings due to ongoing losses and no dividend support.

To see Spark’s full report on TSE:GPAC stock, click here.

More about Great Pacific Gold

Great Pacific Gold Corp. is a mineral exploration company focused on epithermal gold and gold-copper systems. Its flagship Wild Dog Project is located on New Britain island in Papua New Guinea, where the company is advancing multiple high-grade targets along the Wild Dog structural corridor.

Average Trading Volume: 237,908

Technical Sentiment Signal: Buy

Current Market Cap: C$89.86M

See more data about GPAC stock on TipRanks’ Stock Analysis page.