Great Pacific Gold Corp. announced high-grade gold assays from its initial follow up diamond drill hole of the Comet gold discovery at the Lauriston Gold Project in Victoria, Australia. Diamond drill hole CDH01A intersected 4m at 25.1 g/t Gold from 99.5m including 0.4m at 72.5 g/t Gold from 99.,5m and 1m at 55 g/t Gold from 102.5m, within a broader interval assaying 9m at 11.6 g/t Au from 97m.

The high-grade intercept occurs within the core of the Comet Anticline at the fold axis, where the Comet Fault zone junctions with this fold. This high-grade gold mineralization is associated with strong quartz veining with large crystals of arsenopyrite and sulphidic stylolites within the quartz veins. Visible gold is occur within the arsenopyrite crystals.

The Company set up diamond drill hole CDH01A in close proximity of the high-grade reverse circulation (RC)cussion discovery hole CRC07 (8m at 106 g/t Goldincluding 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) as a conservative approach to determine extensions of mineralization. The hole CDH01A deviated once underway, accelerating with depth and managed to drill about 8m down dip of the projected position of the CRC07 intercept. Diamond drilling has confirmed the gold rich quartz veined fault zone is extending to depth and laterally with this CDH01A result, and the high-grade mineralization remains open in all directions.

Assays remain pending for two more diamond drill holes on the same section at Comet and will be reported once received. One of these diamond drill holes (CDH02) encountered multiple stacked zones of mineralization and due to this was extended by approximately 100m versus the originally planned target depth. CDH02 was drilled to 255.5m depth.

The Comet prospect has epizonal characteristics of Au-As-Sb with geology similar to the Fosterville Mine gold 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 within the core of the Comet Anticline as determined by mapping and core orientation studies, which is a similar structural setting of the mineralization present at Fosterville.