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Great Pacific Gold ( (TSE:GPAC) ) has issued an announcement.
Great Pacific Gold reported new drill results from hole KVH-04 at the Kavasuki target within its Wild Dog Project in Papua New Guinea, intersecting 59.9 metres grading 1.43 grams per tonne gold equivalent from near surface, including higher-grade intervals. Management said the results, together with observed veining and brecciation in follow-up hole KVH-05, support the presence of a broad, coherent epithermal system with vertical and lateral continuity.
The company noted that KVH-04 confirms down-dip continuity of mineralization from an earlier hole and highlights multiple mineralized zones within a wider envelope influenced by complex faulting. These findings are described as an important step in building scale and confidence at Kavasuki and in demonstrating the wider potential of the 15-kilometre Wild Dog structural corridor to host a large, continuous gold system with further upside along strike and at depth.
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 GPAC Stock
According to Spark, TipRanks’ AI Analyst, 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 GPAC stock, click here.
More about Great Pacific Gold
Great Pacific Gold is a mineral exploration company focused on epithermal gold and porphyry copper-gold systems, with its flagship Wild Dog Project on New Britain island in Papua New Guinea. The company is advancing multiple targets along a 15-kilometre structurally controlled mineral corridor, including the Sinivit–Kavasuki vein system and the nearby Kasie Ridge prospect.
Average Trading Volume: 342,011
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$69.66M
For a thorough assessment of GPAC stock, go to TipRanks’ Stock Analysis page.