Great Pacific Gold Expands High-Grade Zone and Ramps Up Drilling at Wild Dog Project

The latest announcement is out from Great Pacific Gold ( (TSE:GPAC) ).

Great Pacific Gold reported further drilling results from its Sinivit target at the Wild Dog Project in Papua New Guinea, including several high-grade gold-equivalent intercepts that extend the Northern Sulphide Shoot to roughly 150 metres in vertical extent and about 500 metres along strike, with the system remaining open at depth. The company has paused additional drilling on this zone until assays from hole WDG-18 are received and incorporated into an updated geological model, while shifting its rig to test the Kavasuki target, where early drilling has intersected a strongly mineralized, silica-flooded breccia-vein system consistent with a robust hydrothermal structure.

A second drill rig is being mobilized to the Kasie Ridge target, which lies at the northern end of the Wild Dog Structural Corridor and is considered a potential large-scale high-sulphidation epithermal system beneath an extensive argillic lithocap, highlighting the project’s regional discovery potential. The multi-target drill program and the deployment of additional drilling capacity underscore Great Pacific Gold’s strategy to expand high-grade resources at Sinivit while aggressively testing new targets that could materially enhance the scale and significance of the Wild Dog Project for investors and other stakeholders.

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 copper projects, with its flagship Wild Dog Project located on the island of New Britain in Papua New Guinea. The company is targeting high-grade gold-copper systems along the Wild Dog Structural Corridor, including the Sinivit, Kavasuki and Kasie Ridge targets, aiming to delineate economically significant ore shoots.

Average Trading Volume: 215,822

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$67.02M

For detailed information about GPAC stock, go to TipRanks’ Stock Analysis page.