Great Pacific Gold Corp. announced that drilling has commenced to follow up on the Company's recent high grade Comet gold discovery at the Lauriston Gold Project in Victoria, Australia. The discovery hole at Comet was drilled with a reverse circulation (RC) drill rig with the intercept assaying 8m at 106 g/t Gold including 5m at 166 g/t Gold including 2m at 413 g/t Gold including 1m at 468 g/t Gold and 1m at 358 g/t Gold (from 95 metres) (see GPAC news release dated January 11, 2024 for further details).

These follow up holes to the discovery will be drilled using a multi-purpose rig for RC percussion and diamond drilling, and have been designed to test the down-dip extension of the west dipping mineralized structure and for mineralization further north of the discovery. Comet, where the high-grade zone discovery hole was drilled, has epizonal characteristics of Au-As-Sb with geology similar to the Fosterville Mine deposit. The west dipping Comet fault zone is hosted by Ordovician slates and sandstones, which are folded in a series of north south striking concertina folds.

This high-grade discovery is near the Comet Anticline that has been mapped in the area, which is a similar structural setting of the mineralization present at Fosterville. The 8m intercept uses a 0.6 g/t Au cut-off grade and no internal waste. The 5m intercept uses a 1.0 g/t Au cut-off grade and no internal waste, while the higher-grade included intercept of 2m uses assays of greater than 350 g/t Au and no internal waste parameter.

True widths are not known. Additional drilling is required to determine true widths. The assays are not capped.

All assays were subject to quality control measures appropriate for percussion drilling with duplicates, blanks and commercially available standards with the expected results from the samples submitted. All assays were conducted by Onsite Laboratory Services Ltd. (ISO: 9001), located in Bendigo, Victoria, using fire assay techniques with a 25g or 50g charge and ICP or AAS finish. The quality control results are consistent.