Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / EXCLUSIVE PROSPECT With TWO Game-Changing Projects -- (Bryan Slusarchuk CEO of Great Pacific Gold)
Transcript
- 0:00I think we're going into a prolonged bull market and gold.
- 0:08One company with two of the most exciting gold exploration
- 0:13projects on the market right now.
- 0:16ACEO, who has a solid track record exploring, developing and
- 0:21building gold mines. Today we're pleased to be joined
- 0:24by Brian Slewsarchuk. He's the CEO of Great Pacific
- 0:28Gold. Brian, welcome to Ron's
- 0:30Basement. Ron, thanks a lot for having me
- 0:33here. So where, where do we start?
- 0:35You're in an enviable position, 2 super exciting gold
- 0:40exploration projects, one in Papua New Guinea, one in
- 0:44Australia. Is there one that you want to
- 0:47start talking about? You know, they're both such
- 0:51exciting jurisdictions to be in. I mean, Papua New Guinea, we've
- 0:56been there for the past decade. We were very early in this new
- 1:01era of Papua New Guinea exploration development
- 1:04production and there just aren't that many places in the world
- 1:10that have a track record of grade and size like Papua New
- 1:15Guinea. And although we've been there
- 1:18for the past decade operating, it's relatively new to a lot of
- 1:23investors. But it's starting as a
- 1:26jurisdiction to get on more and more radar screens, partly
- 1:32because of the success that K 92 mining has had going from
- 1:36Discovery into very high margin production.
- 1:40But also in the North American context because of the fact that
- 1:45Newmont has just entered the country in a big way.
- 1:49And given that Newmont's the world's largest gold producer,
- 1:53that's just elevating the jurisdiction in the minds of
- 1:57many North American investors. So Papua New Guinea, we're
- 2:01exceptionally excited about our four projects there.
- 2:05We have a big commanding 2500 square kilometer land position,
- 2:11gold and some copper focus and then of course next door in
- 2:16Australia we've just made a a remarkably high grade gold
- 2:20discovery at our Comet prospect in in the region where the
- 2:26Fosterville, the famous Fosterville mine operates.
- 2:31We're South of that, so we're very excited to follow up there.
- 2:34The drills are turning as we speak.
- 2:36We have some assays coming out. We anticipate, we hope over the
- 2:40next week or so. So both jurisdictions have a lot
- 2:44happening at the moment. Let's go back to Papua New
- 2:48Guinea. I think our audience deserves to
- 2:51hear from you what you've already accomplished there with
- 2:54a different company with K92 Mining.
- 2:57Can you run us through your success and how you think that
- 3:01that could potentially translate into what you're doing now with
- 3:05Great Pacific Gold in that region?
- 3:08Sure, absolutely, Ron. The K 92 was a big success and
- 3:13is an ongoing success in a number of ways.
- 3:17First off obviously for shareholders it it's, it's just
- 3:21been a huge and ongoing win. K92 was a a micro cap situation
- 3:28we purchased approximately 10 years ago with $2,000,000 in
- 3:33cash and the promise of some future payments.
- 3:36Just an incredible land package in Papua New Guinea from like I
- 3:40say Barrick Gold. That company has traded up to a
- 3:44$2 billion market capitalization outside of the the obvious
- 3:51shareholder win and it's just created an immense amount of
- 3:55wealth for early shareholders that supported the company in
- 3:59the early days. Outside of that and and as
- 4:03importantly, even more importantly in many ways is the
- 4:08stakeholder benefit that went from a project being completely
- 4:13idled to a project now that has approximately 1600 employees.
- 4:20It's growing quickly. There is a rapid expansion
- 4:25underway in 2027 that mine is slated to produce approximately
- 4:33500,000 ounces of gold, high margin, high grade gold.
- 4:38And this is bringing a lot of community benefit.
- 4:41And that community benefit you know is really special to see
- 4:46and and Papua New Guinea, it's a great place geologically as we
- 4:50always say the greatest strength of the country is its people.
- 4:54And it's becoming a jurisdiction that quite rightly is now being
- 4:59recognized as one of the world's go to places for companies that
- 5:04are looking for high grade gold and copper.
- 5:07And alongside of that of course the the size that Papua New
- 5:11Guinea is famous for. It's known as the land of giants
- 5:15in the mining industry for good reason.
- 5:18So the K 92 is a really special story.
- 5:21I was a Co founder, a former President of K 92.
- 5:25I I was there as President from inception right up through to
- 5:31cash flow, positive operations, commercial production.
- 5:35There's a great CEO in place at K 92, John Lewins.
- 5:40John happens to be an advisor to Great Pacific Gold.
- 5:44He just does a remarkable job and all facets of the business.
- 5:48The Vice President, the Executive Vice President of
- 5:51Exploration for K92, Chris Mueller, he's obviously had a
- 5:56lot of success with K92. But even prior to K 92, Chris
- 6:02was in Papua New Guinea. He was involved at Wapi Golpu.
- 6:05Chris has been involved with a few of the last major
- 6:09discoveries in PNG and Chris has just recently joined the Board
- 6:14of Directors of Great Pacific Gold.
- 6:17So we have a lot of commonality with K92 in terms of some of the
- 6:21leadership, definitely some of the shareholders.
- 6:24So we're we're excited with this, this Encore act if if if
- 6:30you say with with great Pacific Gold.
- 6:33Yeah, it it sounds like it's certainly not your first time in
- 6:36Papua New Guinea. And you know, it's great to hear
- 6:39about this unbelievable success, investor success that you had in
- 6:45Papua New Guinea. But I wanna a salute you for
- 6:48also pointing out, and it was the first thing that you pointed
- 6:51out was the positive impact that you had on the community there
- 6:54as well. Because you know, that to me
- 6:57says a lot about you as a person, but about the company as
- 7:00well, that you're bringing real benefits to the many
- 7:04stakeholders. Not just the investors, but the
- 7:06many stake, many stakeholders who are involved with the mine.
- 7:10Yeah, it's. It's such an integral.
- 7:13Important part of the business model before us and we work with
- 7:18a lot of over the last 10 years of course being in the country,
- 7:22we've worked with a lot of great Papua New Guinean geologists and
- 7:27engineers and lawyers, accountants and and we've really
- 7:32got familiar over the past decade with Papua New Guinea and
- 7:38as a jurisdiction we're just really happy to be there.
- 7:41Yeah. So from a great Pacific
- 7:43perspective, right, you've had this massive success with K92.
- 7:47Now you have the, I think you said four projects or targets
- 7:51that you're working with in Papua New Guinea.
- 7:53What gets you most excited when you look out, let's say over the
- 7:57next 12 to 18 months about what might be going on with Great
- 8:01Pacific and and Papua New Guinea?
- 8:03Sure. So the four projects there, our
- 8:08four projects cumulatively totalling 2500 square
- 8:13kilometers, they're at different stages of development.
- 8:18The earliest stage project is a project called Kessar Creek, but
- 8:23this is very interesting because it's adjacent to it's contiguous
- 8:27with K92 itself. So we know the geology really
- 8:31well. We've just finished a big
- 8:34geochemical sampling program there.
- 8:37And I think in the coming weeks we'll be able to show the world
- 8:41some great geochem targets coincident with some great
- 8:45underlying geology and that's right in the heart of the K 92
- 8:50camp. So we're excited about that if
- 8:53for obvious reasons, not only geologically, geochemically, but
- 8:58but because of the fact that is adjoining K 92 itself is right
- 9:03next door. We have a project to the
- 9:05southeast of K92 called Arrow and we're preparing drill pads
- 9:10as we speak and we should be drilling at Arrow over the next
- 9:14few weeks. The other two projects are also
- 9:18very interesting. Tenga Valley is a project early
- 9:22stage, but we think it has just incredible size potential.
- 9:26It's the type of project, it just doesn't come along very
- 9:30often because of that elephant sized target that that lurks at
- 9:35Tenga. The most advanced stage of the
- 9:38projects we have is called Wild Dog and Wild Dog's very
- 9:43interesting. It's on the island of New
- 9:45Britain within Papua New Guinea and Wild Dog has had 1000 plus
- 9:52historic drill holes. But all of those drill holes
- 9:55were concentrated in a small area in support of some past
- 10:00production. It was a small high grade gold
- 10:03producing operation. We have a total of approximately
- 10:0814 kilometers of strike identified on the main
- 10:12structure, yet less than one kilometer has been drilled.
- 10:17There's a thin volcanic ash layer of a few meters that masks
- 10:23some of the underlying mineralization.
- 10:26So this is just a long strike, extremely prospective.
- 10:31You have a track record of production.
- 10:34There are some phenomenal high grade gold hits near surface,
- 10:38but you've got 95 percent, 90% of the strike, completely
- 10:44untested, so a long strike. There is serious upside at Wild
- 10:49Doug. There's also big upside at depth
- 10:52and in addition to the high grade gold system that's evident
- 10:57near surface at Wild Dog, you've got some very big copper gold
- 11:03targets at depth and they have the size, scope and scale
- 11:07potential that that's made Papua New Guinea famous in the in the
- 11:10mining world. So we're really excited about
- 11:14all of these projects in terms of prioritization.
- 11:18We just finished the geochem work at Kassar.
- 11:21We're about to drill over the next two to three weeks at Arrow
- 11:25and we're doing a little bit of Rd. rehabilitation at Wild Dog
- 11:30to get ready for drilling which will start up you know over the
- 11:34next six months. We we think in the next three
- 11:40months or thereabouts. So we're really excited about
- 11:42all four projects there in Papua New Guinea, gold, copper, all of
- 11:47them have shown potential for exceptionally high grade.
- 11:51We've got an advanced stage project that was a former
- 11:54producer, Wild Dog, but we've also got an amazing early stage
- 11:59project right in that K 92 camp in Kessar Creek.
- 12:04Wow. So you're in a great
- 12:05neighborhood. The big mining companies are
- 12:08moving and it's kind of an emerging new, for lack of a
- 12:12better term, district that's becoming recognized as a great
- 12:15place. What about the the development
- 12:20process you've been through that does is Papua New Guinea, what
- 12:23would you call it? A good place to build a mine?
- 12:26Well, absolutely. And I think that's one thing
- 12:28that K92 has shown the market and shown the industry that you
- 12:34can go from a a discovery which we had at K 92 through
- 12:40development into production into an expansion mode.
- 12:44And this is a jurisdiction that that can be done in a relatively
- 12:49straightforward manner. It it, it's a much better
- 12:53jurisdiction than many other places in the world as far as
- 12:58that process. It's a mining country.
- 13:01It's a mining and oil and gas country.
- 13:04They understand within the bureaucracy, within the
- 13:07government, they understand the sector.
- 13:10They encourage investment in mining, in oil and gas.
- 13:15So Papua New Guinea is a a great place to work and and it's been
- 13:20really nice to see now that you have the the world's largest
- 13:24gold mining company there, you have the second largest gold
- 13:28mining company in the world. There you, you see some
- 13:32recognition coming to the country that I think is well
- 13:34deserved, but K 92 really helped pave that path and it's just
- 13:40becoming more and more recognized.
- 13:42And I think that you know we've spent a lot of time with Great
- 13:45Pacific assembling this land package.
- 13:48We got a big head start and that early mover, first mover status
- 13:53that we have via K92 and and now Great Pacific Gold really bodes
- 13:58well because the the the rush is on there now, but we got a big
- 14:04jump start on it. Yeah, you had a you had a little
- 14:06advantage, right, having been there for, for a few years.
- 14:11What what if we move over to Australia, right, because we're
- 14:14talking about exciting exploration opportunities and
- 14:18PNG, but Australia is kind of the second component to your
- 14:23company. I know Rex Mutton who works with
- 14:27you, is is very familiar with that area and you correct me if
- 14:31I'm wrong, had an almost bonanza grade drill hole at your
- 14:36Australia property kind of. Can you give us an update on
- 14:38what's going on there? Sure.
- 14:41So our projects in Australia are in Victoria.
- 14:46The big discovery that you referred to was made at a
- 14:50prospect called Comet and the COMET high grade discovery, I
- 14:55think it was one of the highest grade gold discovery holes in
- 14:58the world last year. It happened right at the end of
- 15:00the year. We're following up on that now.
- 15:03It graded 8 meters at 106g per ton gold.
- 15:08There were 400 to 450g per ton gold hits within that discovery,
- 15:16really phenomenal. And Comet is South of the famous
- 15:20Fosterville mine. Fosterville at a number of times
- 15:24was the world's highest grade, highest margin gold mine.
- 15:29So it's a really special type of prize that we're going after and
- 15:33it's all about grade there. We've made this discovery and
- 15:37what's really interesting is it's the same age of rock as
- 15:41Fosterville, same geology as Fosterville, same mineralogy as
- 15:46Fosterville. And really importantly the
- 15:49discovery was made where the western dipping faults intersect
- 15:53the anticline. So same structural type of
- 15:57setting as Fosterville. So we really think we're on to
- 16:00something. We've got a drill rig turning
- 16:04there now as we speak. We've got assays that will be
- 16:08coming out. You know, we hope in the next
- 16:11week to 10 days that they're, they're that close.
- 16:14And like I say, the drill's turning.
- 16:16Rex grew up in this area. His house today is just down the
- 16:20road from the Fosterville mine. He spent his teenage years
- 16:24prospecting around the district. He's a geologist that's worked
- 16:29all over the world internationally, but he knows
- 16:32Victoria. It's it's truly his backyard.
- 16:34So it it's really exciting not only for the company and for
- 16:38shareholders, but it's exciting for Rex personally who who
- 16:42Victoria is a big part of who Rex is and it's a a really
- 16:46exciting thing for him to be involved in this discovery and
- 16:50we're really just getting started there.
- 16:52Wow, wow. So it's just incredible when I
- 16:56think about where Great Pacific sits right now with all the PNG,
- 17:01Papua New Guinea opportunity with with what happened in
- 17:06Australia with this comet hole like you said right next to the
- 17:10Fosterville mine, What should investors expect, right.
- 17:15You had this with if I go back to the Comet, the Bonanza great
- 17:19hole that you drilled Now are you how do you expand upon that?
- 17:24Do you do what's called step out drilling And if if we were to
- 17:28manage investors expectations and I'm I'm a stockholder your
- 17:32company I share with you I've owned the stock for two years.
- 17:36Of course everyone wants to see better and better and better
- 17:39drill holes, but it doesn't necessarily work that way.
- 17:41What what? What would be like a really good
- 17:45case scenario as as new, newer drill holes are released?
- 17:49Sure. So if if this plays out like a
- 17:53Fosterville type analogy and that and that's what we're
- 17:56thinking of it as you'll see some more bonanza hits and and
- 18:01the potential is there for more bonanza hits where you have
- 18:04these fifty 6000G intercepts. The resource though will be
- 18:10built through a lot of five to 10 gram hits, 15G hits.
- 18:16So all of that adds to the ultimate prize which is a very,
- 18:21very high grade resource. We've shown now that Comet can
- 18:26produce the system can produce exceptionally high bonanza, high
- 18:31grade gold and and that that that discovery hole itself
- 18:35proved that. So as we step out, we'll just
- 18:39start to define what does this mineralized body look like?
- 18:44What type of spatial features does it have, how large is it,
- 18:50what does it look like, a long strike at depth.
- 18:53And the hole was quite a shallow discovery.
- 18:56We made the discovery at approximately 95 meters from
- 19:00surface. So it it, it has the benefit
- 19:04that we're not drilling 67800 meter holes here.
- 19:09We can quite quickly figure out how to attack this and we have a
- 19:16very good idea on the structural controls.
- 19:19Like I say, it's where these western dipping faults intersect
- 19:23anti climb, Rex is the guy to figure this out in Victoria, no
- 19:28doubt. And I think that what investors
- 19:32can expect over the next several months is just more and more
- 19:35data that points to a case that this has size, we know it has
- 19:41grade. So there will be a lot of
- 19:44drilling and I think both in Papua New Guinea and in
- 19:48Australia, this is a very drill centric story.
- 19:51Going forward we'll have drills turning in Papua New Guinea
- 19:55drill turning in Victoria. We're well funded, we have
- 20:00approximately 10 million in cash.
- 20:02So we're we're very well funded to tackle this.
- 20:06We've got experience in both jurisdictions and I think that
- 20:11as we start to show Comet can run, that it has legs, that it's
- 20:16going to get bigger, this will get recognition in a hurry
- 20:21because of the part of the world it's in and it's being South of.
- 20:25Fosterville, Yeah, everybody knows Fosterville.
- 20:28I mean I remember years ago when Eric Sprott would do a weekly
- 20:33update with Craig Hemke and he was every week at all he talked
- 20:36about was Fosterville. So the potential there for
- 20:40exciting discoveries, exciting growth.
- 20:43And again that's just in Australia.
- 20:45You have what's going on in PNG as well.
- 20:48I hear a lot of executives telling me now mining executives
- 20:53that that scale matters the size of the prize with with can you
- 20:58just touch on with both PNG and with Australia, do you do you
- 21:03think that the the ability to deliver like large scale
- 21:07deposits exist at both those? Yeah, absolutely.
- 21:11And I think that's what's very attractive about the PNG
- 21:15projects is that we've shown that they have the big size
- 21:20scale scope and and that's what ultimately attracts the the
- 21:25world's biggest mining companies to jurisdictions like that.
- 21:30In Fosterville it it's all about grade.
- 21:33So spatially the Fosterville, the world famous Fosterville
- 21:37deposit itself isn't spatially that big because it doesn't take
- 21:43a lot of tons to get an incredible amount of Oz when
- 21:48you're dealing with grade like that.
- 21:50So it has the the scale potential because of grade,
- 21:57whereas Papua New Guinea has grade but it also there are
- 22:00multiple world class deposits in Papua New Guinea because of that
- 22:04that tonnage as well. Right.
- 22:07So it's more concentrated deposit in Australia as opposed
- 22:11to a high quality deposit profile in PNG, but maybe bigger
- 22:16and more geographically dispersed.
- 22:20Is that accurate? Yeah, that's right.
- 22:23So for example, at our Wild Dog project in PNG, we've got that
- 22:29ultra high grade gold target near surface.
- 22:32So you you can think of it in the same way that you would
- 22:35think of our Victoria project, but what you also have at the
- 22:39Wild Dog project at depth is this potential for very big
- 22:44tonnage copper and gold, the porphyry style mineralization
- 22:49And and so you hit the nail on the head it, it's got that big
- 22:54scalability in terms of tonnage and size.
- 22:56That's right. Yeah.
- 22:58And I and I want to remind our viewer who's joining us, I've
- 23:01really focused on gold, but yeah, you great Pacific has huge
- 23:05potential in the world of copper as well and copper is getting
- 23:09more and more attention as of late.
- 23:12Yeah, absolutely. And that's what you you there
- 23:15were some very nice historically reported copper intercepts at
- 23:19Wild Dog, for example in PNG. All of the properties in PNG
- 23:26have a copper component to them. We're chasing not only these
- 23:30high grade epithermal vein systems, but we're also looking
- 23:34at these big copper gold porphyries.
- 23:37So there's a real copper component to the story in PNG.
- 23:40Interesting. Interesting.
- 23:42I want to get your opinion on the current state of the gold
- 23:45prize precious metals prizes. You You mentioned that the
- 23:50company has 10 million in cash. What about inside ownership?
- 23:54How? How is there a good
- 23:55representation by management on the ownership roster?
- 23:59Yeah, absolutely. I mean, we've been there, you
- 24:02know, from day one. We participated all the way
- 24:05along the way, insiders management own a good chunk of
- 24:09the company. We've also got for a small cap
- 24:12situation, very good registry of institutional owners.
- 24:17I'm actually over the next couple of days meeting with a
- 24:21number of those institutional shareholders at the Canaccord,
- 24:25the Global Metals and Mining Conference here in California.
- 24:31And we've got for a small company a couple of things that
- 24:36are unique. One, obviously the geology, the
- 24:39track record in the jurisdictions well funded, but
- 24:43also it's quite unique in terms of the caliber of institutions
- 24:48we have at such an early stage. And a lot of those institutions
- 24:51were introduced to PNG through K 92.
- 24:55So it it it's a very good shareholder roster.
- 24:59Interesting stock symbol in the US is FSXLF and in Canada GPAC.
- 25:08I'll have that up several times during the during the video
- 25:12here. And if people want to run out to
- 25:15the website, that's great. Pacific Gold corp.com.
- 25:20And on that note, Brian, would you, would you be willing to
- 25:23spend a few minutes to share with us your thoughts on the
- 25:28gold price? Obviously we've bumped up into
- 25:30this new all time high category. You're the CEO of a gold
- 25:33exploration company, so I imagine you have a a keen
- 25:36interest in the gold price. Any thoughts?
- 25:39Yeah, absolutely. And we always target what we
- 25:43think are high margin opportunities.
- 25:45We go after high grade because that grade, that margin can
- 25:52sustain the company if we're in down periods in gold, in copper,
- 25:57etcetera. Now I think we're going into a
- 26:01prolonged bull market in gold. I think that you've got a
- 26:06situation across the world where there's just growing distrust of
- 26:10Fiat currency, there's growing distrust of government's ability
- 26:16to manage the monetary system, fiscal system and what we're
- 26:22seeing and and it's no secret that we've seen huge demand in
- 26:26the East. I think the West has been caught
- 26:29sleeping at the wheel here a little bit.
- 26:32We've seen a shift in terms of who determines price.
- 26:36We've we've seen price determination on gold happening
- 26:40more in the East versus the West.
- 26:43You've got central bankers around the world accumulating
- 26:46gold and I always say watch what the central banks do, not what
- 26:51they say and you've got essentially every central bank
- 26:55in the world is trying to get their hands on as much gold as
- 26:58they can at the moment. So I we're we're just setting up
- 27:01for a really strong environment for gold and and silver of
- 27:07course. I could.
- 27:08I could not agree with you more. On behalf of our viewer and
- 27:12myself, I want to say thank you for joining us today.
- 27:15You've given us a great reason to be excited about great
- 27:19Pacific projects in PNG projects in Australia.
- 27:25Is there anything I forgot to ask you about that you'd like to
- 27:28mention before we sign off? No, I I think we covered it off
- 27:33well Ron, I I really appreciate your time and we're going into
- 27:39you know a period of time where there'll be a lot of news flow.
- 27:42So it'll be it'll be quite easy for people to follow along on
- 27:46our progress on the gold and copper projects in PNG and
- 27:50Australia and we look forward to keeping everybody up to date.
- 27:54Yeah, it's a it's an exciting, you know, gold exploration, you
- 27:58have drills turning and news flow coming out.
- 28:03So it's it could be you know an exciting remainder of the year
- 28:06here in 2024. Brian, thank you and we will
- 28:10look forward to talking to you next time.
- 28:13Thank you.