Great Pacific Gold Corp. has recently completed the acquisition of Tinga Valley Copper & Gold Corp., gaining access to a highly prospective Papua New Guinea copper-gold project. The Tinga Valley Property, covering 347 square kilometers, is located in a prime geological setting along strike of the ‘World Class’ Ok Tedi Copper-Gold Mine. With similarities in geological formation, the Tinga Valley Property is believed to hold significant potential for large and high-grade porphyry style copper-gold mineralization.
Historic exploration work on the property has revealed extensive copper and gold grades, with samples showing grades above 1.97% Cu and 12.7g/t Au. The property has several high priority drill targets already identified within a 2.5km by 1.5km footprint, making it a promising opportunity for exploration and potential discovery.
CEO of Great Pacific Gold, Bryan Slusarchuk, expressed enthusiasm about the acquisition, stating that the company is well-positioned to advance multiple projects within PNG. The Tinga Valley Property is drill ready with defined high-grade copper-gold porphyry and skarn exploration targets. These targets show potential for a large-scale copper-gold system, similar to the nearby Ok Tedi Mine.
The transaction, completed through an amalgamation agreement, saw Tinga Shareholders receive 12.5 million common shares of GPAC. Additionally, GPAC appointed Clarus Securities Inc. as their Financial Advisor for the transaction.
With a strong treasury, technical expertise, and a strategic land position in PNG, Great Pacific Gold is poised to unlock the major copper-gold porphyry potential of the Tinga Valley Property in the coming years. The company holds a diverse portfolio of high-grade gold projects in both PNG and Australia, solidifying its position as a key player in the mining industry.
