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The latest announcement is out from Great Pacific Gold ( (TSE:GPAC) ).
Great Pacific Gold reported progress on ongoing drilling at its Wild Dog Project, where two rigs are active on the Kavasuki epithermal gold vein system and the Kasie Ridge copper-gold target. The work follows a strong intercept from hole KVH-01 at Kavasuki, and the company is now completing follow-up holes KVH-03 and KVH-04 to better define the geometry and continuity of the mineralized system.
At Kasie Ridge, the first-ever drill test has cut hydrothermally altered bedrock and strong propylitic alteration with visible chalcopyrite beneath an advanced argillic lithocap, with assays pending. The results support Great Pacific Gold’s exploration model for both epithermal and porphyry-style mineralization along the 15-kilometre Wild Dog Structural Corridor, potentially enhancing the project’s scale and strategic significance if continuity and grades are confirmed.
The most recent analyst rating on (TSE:GPAC) stock is a Sell with a C$0.48 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 is a mineral exploration company focused on gold and copper-gold projects, with its flagship Wild Dog Project in East New Britain Province, Papua New Guinea. The company is targeting epithermal gold vein systems and porphyry copper-gold deposits along a 15-kilometre structurally controlled mineral corridor defined by geophysical surveys and historic work.
Average Trading Volume: 241,268
Technical Sentiment Signal: Buy
Current Market Cap: C$89.86M
Find detailed analytics on GPAC stock on TipRanks’ Stock Analysis page.