Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / EXCLUSIVE PROSPECT With TWO Game-Changing Projects -- (Bryan Slusarchuk CEO of Great Pacific Gold)

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EXCLUSIVE PROSPECT With TWO Game-Changing Projects -- (Bryan Slusarchuk CEO of Great Pacific Gold) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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I think we're going into a prolonged bull market and gold.
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One company with two of the most exciting gold exploration
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projects on the market right now.
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ACEO, who has a solid track record exploring, developing and
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building gold mines. Today we're pleased to be joined
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by Brian Slewsarchuk. He's the CEO of Great Pacific
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Gold. Brian, welcome to Ron's
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Basement. Ron, thanks a lot for having me
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here. So where, where do we start?
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You're in an enviable position, 2 super exciting gold
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exploration projects, one in Papua New Guinea, one in
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Australia. Is there one that you want to
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start talking about? You know, they're both such
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exciting jurisdictions to be in. I mean, Papua New Guinea, we've
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been there for the past decade. We were very early in this new
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era of Papua New Guinea exploration development
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production and there just aren't that many places in the world
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that have a track record of grade and size like Papua New
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Guinea. And although we've been there
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for the past decade operating, it's relatively new to a lot of
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investors. But it's starting as a
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jurisdiction to get on more and more radar screens, partly
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because of the success that K 92 mining has had going from
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Discovery into very high margin production.
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But also in the North American context because of the fact that
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Newmont has just entered the country in a big way.
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And given that Newmont's the world's largest gold producer,
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that's just elevating the jurisdiction in the minds of
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many North American investors. So Papua New Guinea, we're
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exceptionally excited about our four projects there.
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We have a big commanding 2500 square kilometer land position,
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gold and some copper focus and then of course next door in
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Australia we've just made a a remarkably high grade gold
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discovery at our Comet prospect in in the region where the
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Fosterville, the famous Fosterville mine operates.
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We're South of that, so we're very excited to follow up there.
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The drills are turning as we speak.
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We have some assays coming out. We anticipate, we hope over the
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next week or so. So both jurisdictions have a lot
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happening at the moment. Let's go back to Papua New
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Guinea. I think our audience deserves to
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hear from you what you've already accomplished there with
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a different company with K92 Mining.
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Can you run us through your success and how you think that
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that could potentially translate into what you're doing now with
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Great Pacific Gold in that region?
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Sure, absolutely, Ron. The K 92 was a big success and
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is an ongoing success in a number of ways.
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First off obviously for shareholders it it's, it's just
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been a huge and ongoing win. K92 was a a micro cap situation
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we purchased approximately 10 years ago with $2,000,000 in
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cash and the promise of some future payments.
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Just an incredible land package in Papua New Guinea from like I
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say Barrick Gold. That company has traded up to a
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$2 billion market capitalization outside of the the obvious
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shareholder win and it's just created an immense amount of
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wealth for early shareholders that supported the company in
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the early days. Outside of that and and as
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importantly, even more importantly in many ways is the
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stakeholder benefit that went from a project being completely
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idled to a project now that has approximately 1600 employees.
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It's growing quickly. There is a rapid expansion
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underway in 2027 that mine is slated to produce approximately
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500,000 ounces of gold, high margin, high grade gold.
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And this is bringing a lot of community benefit.
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And that community benefit you know is really special to see
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and and Papua New Guinea, it's a great place geologically as we
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always say the greatest strength of the country is its people.
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And it's becoming a jurisdiction that quite rightly is now being
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recognized as one of the world's go to places for companies that
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are looking for high grade gold and copper.
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And alongside of that of course the the size that Papua New
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Guinea is famous for. It's known as the land of giants
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in the mining industry for good reason.
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So the K 92 is a really special story.
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I was a Co founder, a former President of K 92.
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I I was there as President from inception right up through to
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cash flow, positive operations, commercial production.
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There's a great CEO in place at K 92, John Lewins.
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John happens to be an advisor to Great Pacific Gold.
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He just does a remarkable job and all facets of the business.
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The Vice President, the Executive Vice President of
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Exploration for K92, Chris Mueller, he's obviously had a
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lot of success with K92. But even prior to K 92, Chris
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was in Papua New Guinea. He was involved at Wapi Golpu.
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Chris has been involved with a few of the last major
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discoveries in PNG and Chris has just recently joined the Board
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of Directors of Great Pacific Gold.
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So we have a lot of commonality with K92 in terms of some of the
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leadership, definitely some of the shareholders.
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So we're we're excited with this, this Encore act if if if
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you say with with great Pacific Gold.
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Yeah, it it sounds like it's certainly not your first time in
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Papua New Guinea. And you know, it's great to hear
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about this unbelievable success, investor success that you had in
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Papua New Guinea. But I wanna a salute you for
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also pointing out, and it was the first thing that you pointed
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out was the positive impact that you had on the community there
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as well. Because you know, that to me
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says a lot about you as a person, but about the company as
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well, that you're bringing real benefits to the many
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stakeholders. Not just the investors, but the
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many stake, many stakeholders who are involved with the mine.
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Yeah, it's. It's such an integral.
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Important part of the business model before us and we work with
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a lot of over the last 10 years of course being in the country,
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we've worked with a lot of great Papua New Guinean geologists and
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engineers and lawyers, accountants and and we've really
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got familiar over the past decade with Papua New Guinea and
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as a jurisdiction we're just really happy to be there.
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Yeah. So from a great Pacific
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perspective, right, you've had this massive success with K92.
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Now you have the, I think you said four projects or targets
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that you're working with in Papua New Guinea.
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What gets you most excited when you look out, let's say over the
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next 12 to 18 months about what might be going on with Great
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Pacific and and Papua New Guinea?
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Sure. So the four projects there, our
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four projects cumulatively totalling 2500 square
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kilometers, they're at different stages of development.
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The earliest stage project is a project called Kessar Creek, but
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this is very interesting because it's adjacent to it's contiguous
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with K92 itself. So we know the geology really
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well. We've just finished a big
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geochemical sampling program there.
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And I think in the coming weeks we'll be able to show the world
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some great geochem targets coincident with some great
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underlying geology and that's right in the heart of the K 92
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camp. So we're excited about that if
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for obvious reasons, not only geologically, geochemically, but
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but because of the fact that is adjoining K 92 itself is right
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next door. We have a project to the
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southeast of K92 called Arrow and we're preparing drill pads
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as we speak and we should be drilling at Arrow over the next
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few weeks. The other two projects are also
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very interesting. Tenga Valley is a project early
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stage, but we think it has just incredible size potential.
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It's the type of project, it just doesn't come along very
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often because of that elephant sized target that that lurks at
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Tenga. The most advanced stage of the
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projects we have is called Wild Dog and Wild Dog's very
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interesting. It's on the island of New
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Britain within Papua New Guinea and Wild Dog has had 1000 plus
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historic drill holes. But all of those drill holes
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were concentrated in a small area in support of some past
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production. It was a small high grade gold
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producing operation. We have a total of approximately
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14 kilometers of strike identified on the main
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structure, yet less than one kilometer has been drilled.
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There's a thin volcanic ash layer of a few meters that masks
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some of the underlying mineralization.
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So this is just a long strike, extremely prospective.
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You have a track record of production.
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There are some phenomenal high grade gold hits near surface,
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but you've got 95 percent, 90% of the strike, completely
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untested, so a long strike. There is serious upside at Wild
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Doug. There's also big upside at depth
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and in addition to the high grade gold system that's evident
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near surface at Wild Dog, you've got some very big copper gold
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targets at depth and they have the size, scope and scale
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potential that that's made Papua New Guinea famous in the in the
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mining world. So we're really excited about
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all of these projects in terms of prioritization.
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We just finished the geochem work at Kassar.
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We're about to drill over the next two to three weeks at Arrow
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and we're doing a little bit of Rd. rehabilitation at Wild Dog
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to get ready for drilling which will start up you know over the
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next six months. We we think in the next three
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months or thereabouts. So we're really excited about
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all four projects there in Papua New Guinea, gold, copper, all of
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them have shown potential for exceptionally high grade.
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We've got an advanced stage project that was a former
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producer, Wild Dog, but we've also got an amazing early stage
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project right in that K 92 camp in Kessar Creek.
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Wow. So you're in a great
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neighborhood. The big mining companies are
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moving and it's kind of an emerging new, for lack of a
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better term, district that's becoming recognized as a great
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place. What about the the development
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process you've been through that does is Papua New Guinea, what
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would you call it? A good place to build a mine?
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Well, absolutely. And I think that's one thing
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that K92 has shown the market and shown the industry that you
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can go from a a discovery which we had at K 92 through
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development into production into an expansion mode.
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And this is a jurisdiction that that can be done in a relatively
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straightforward manner. It it, it's a much better
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jurisdiction than many other places in the world as far as
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that process. It's a mining country.
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It's a mining and oil and gas country.
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They understand within the bureaucracy, within the
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government, they understand the sector.
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They encourage investment in mining, in oil and gas.
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So Papua New Guinea is a a great place to work and and it's been
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really nice to see now that you have the the world's largest
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gold mining company there, you have the second largest gold
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mining company in the world. There you, you see some
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recognition coming to the country that I think is well
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deserved, but K 92 really helped pave that path and it's just
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becoming more and more recognized.
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And I think that you know we've spent a lot of time with Great
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Pacific assembling this land package.
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We got a big head start and that early mover, first mover status
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that we have via K92 and and now Great Pacific Gold really bodes
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well because the the the rush is on there now, but we got a big
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jump start on it. Yeah, you had a you had a little
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advantage, right, having been there for, for a few years.
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What what if we move over to Australia, right, because we're
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talking about exciting exploration opportunities and
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PNG, but Australia is kind of the second component to your
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company. I know Rex Mutton who works with
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you, is is very familiar with that area and you correct me if
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I'm wrong, had an almost bonanza grade drill hole at your
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Australia property kind of. Can you give us an update on
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what's going on there? Sure.
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So our projects in Australia are in Victoria.
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The big discovery that you referred to was made at a
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prospect called Comet and the COMET high grade discovery, I
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think it was one of the highest grade gold discovery holes in
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the world last year. It happened right at the end of
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the year. We're following up on that now.
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It graded 8 meters at 106g per ton gold.
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There were 400 to 450g per ton gold hits within that discovery,
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really phenomenal. And Comet is South of the famous
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Fosterville mine. Fosterville at a number of times
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was the world's highest grade, highest margin gold mine.
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So it's a really special type of prize that we're going after and
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it's all about grade there. We've made this discovery and
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what's really interesting is it's the same age of rock as
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Fosterville, same geology as Fosterville, same mineralogy as
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Fosterville. And really importantly the
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discovery was made where the western dipping faults intersect
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the anticline. So same structural type of
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setting as Fosterville. So we really think we're on to
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something. We've got a drill rig turning
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there now as we speak. We've got assays that will be
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coming out. You know, we hope in the next
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week to 10 days that they're, they're that close.
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And like I say, the drill's turning.
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Rex grew up in this area. His house today is just down the
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road from the Fosterville mine. He spent his teenage years
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prospecting around the district. He's a geologist that's worked
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all over the world internationally, but he knows
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Victoria. It's it's truly his backyard.
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So it it's really exciting not only for the company and for
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shareholders, but it's exciting for Rex personally who who
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Victoria is a big part of who Rex is and it's a a really
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exciting thing for him to be involved in this discovery and
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we're really just getting started there.
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Wow, wow. So it's just incredible when I
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think about where Great Pacific sits right now with all the PNG,
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Papua New Guinea opportunity with with what happened in
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Australia with this comet hole like you said right next to the
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Fosterville mine, What should investors expect, right.
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You had this with if I go back to the Comet, the Bonanza great
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hole that you drilled Now are you how do you expand upon that?
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Do you do what's called step out drilling And if if we were to
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manage investors expectations and I'm I'm a stockholder your
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company I share with you I've owned the stock for two years.
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Of course everyone wants to see better and better and better
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drill holes, but it doesn't necessarily work that way.
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What what? What would be like a really good
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case scenario as as new, newer drill holes are released?
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Sure. So if if this plays out like a
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Fosterville type analogy and that and that's what we're
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thinking of it as you'll see some more bonanza hits and and
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the potential is there for more bonanza hits where you have
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these fifty 6000G intercepts. The resource though will be
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built through a lot of five to 10 gram hits, 15G hits.
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So all of that adds to the ultimate prize which is a very,
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very high grade resource. We've shown now that Comet can
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produce the system can produce exceptionally high bonanza, high
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grade gold and and that that that discovery hole itself
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proved that. So as we step out, we'll just
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start to define what does this mineralized body look like?
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What type of spatial features does it have, how large is it,
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what does it look like, a long strike at depth.
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And the hole was quite a shallow discovery.
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We made the discovery at approximately 95 meters from
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surface. So it it, it has the benefit
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that we're not drilling 67800 meter holes here.
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We can quite quickly figure out how to attack this and we have a
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very good idea on the structural controls.
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Like I say, it's where these western dipping faults intersect
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anti climb, Rex is the guy to figure this out in Victoria, no
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doubt. And I think that what investors
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can expect over the next several months is just more and more
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data that points to a case that this has size, we know it has
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grade. So there will be a lot of
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drilling and I think both in Papua New Guinea and in
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Australia, this is a very drill centric story.
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Going forward we'll have drills turning in Papua New Guinea
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drill turning in Victoria. We're well funded, we have
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approximately 10 million in cash.
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So we're we're very well funded to tackle this.
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We've got experience in both jurisdictions and I think that
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as we start to show Comet can run, that it has legs, that it's
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going to get bigger, this will get recognition in a hurry
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because of the part of the world it's in and it's being South of.
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Fosterville, Yeah, everybody knows Fosterville.
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I mean I remember years ago when Eric Sprott would do a weekly
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update with Craig Hemke and he was every week at all he talked
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about was Fosterville. So the potential there for
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exciting discoveries, exciting growth.
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And again that's just in Australia.
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You have what's going on in PNG as well.
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I hear a lot of executives telling me now mining executives
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that that scale matters the size of the prize with with can you
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just touch on with both PNG and with Australia, do you do you
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think that the the ability to deliver like large scale
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deposits exist at both those? Yeah, absolutely.
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And I think that's what's very attractive about the PNG
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projects is that we've shown that they have the big size
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scale scope and and that's what ultimately attracts the the
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world's biggest mining companies to jurisdictions like that.
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In Fosterville it it's all about grade.
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So spatially the Fosterville, the world famous Fosterville
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deposit itself isn't spatially that big because it doesn't take
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a lot of tons to get an incredible amount of Oz when
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you're dealing with grade like that.
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So it has the the scale potential because of grade,
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whereas Papua New Guinea has grade but it also there are
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multiple world class deposits in Papua New Guinea because of that
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that tonnage as well. Right.
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So it's more concentrated deposit in Australia as opposed
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to a high quality deposit profile in PNG, but maybe bigger
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and more geographically dispersed.
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Is that accurate? Yeah, that's right.
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So for example, at our Wild Dog project in PNG, we've got that
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ultra high grade gold target near surface.
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So you you can think of it in the same way that you would
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think of our Victoria project, but what you also have at the
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Wild Dog project at depth is this potential for very big
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tonnage copper and gold, the porphyry style mineralization
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And and so you hit the nail on the head it, it's got that big
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scalability in terms of tonnage and size.
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That's right. Yeah.
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And I and I want to remind our viewer who's joining us, I've
23:01
really focused on gold, but yeah, you great Pacific has huge
23:05
potential in the world of copper as well and copper is getting
23:09
more and more attention as of late.
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Yeah, absolutely. And that's what you you there
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were some very nice historically reported copper intercepts at
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Wild Dog, for example in PNG. All of the properties in PNG
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have a copper component to them. We're chasing not only these
23:30
high grade epithermal vein systems, but we're also looking
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at these big copper gold porphyries.
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So there's a real copper component to the story in PNG.
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Interesting. Interesting.
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I want to get your opinion on the current state of the gold
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prize precious metals prizes. You You mentioned that the
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company has 10 million in cash. What about inside ownership?
23:54
How? How is there a good
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representation by management on the ownership roster?
23:59
Yeah, absolutely. I mean, we've been there, you
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know, from day one. We participated all the way
24:05
along the way, insiders management own a good chunk of
24:09
the company. We've also got for a small cap
24:12
situation, very good registry of institutional owners.
24:17
I'm actually over the next couple of days meeting with a
24:21
number of those institutional shareholders at the Canaccord,
24:25
the Global Metals and Mining Conference here in California.
24:31
And we've got for a small company a couple of things that
24:36
are unique. One, obviously the geology, the
24:39
track record in the jurisdictions well funded, but
24:43
also it's quite unique in terms of the caliber of institutions
24:48
we have at such an early stage. And a lot of those institutions
24:51
were introduced to PNG through K 92.
24:55
So it it it's a very good shareholder roster.
24:59
Interesting stock symbol in the US is FSXLF and in Canada GPAC.
25:08
I'll have that up several times during the during the video
25:12
here. And if people want to run out to
25:15
the website, that's great. Pacific Gold corp.com.
25:20
And on that note, Brian, would you, would you be willing to
25:23
spend a few minutes to share with us your thoughts on the
25:28
gold price? Obviously we've bumped up into
25:30
this new all time high category. You're the CEO of a gold
25:33
exploration company, so I imagine you have a a keen
25:36
interest in the gold price. Any thoughts?
25:39
Yeah, absolutely. And we always target what we
25:43
think are high margin opportunities.
25:45
We go after high grade because that grade, that margin can
25:52
sustain the company if we're in down periods in gold, in copper,
25:57
etcetera. Now I think we're going into a
26:01
prolonged bull market in gold. I think that you've got a
26:06
situation across the world where there's just growing distrust of
26:10
Fiat currency, there's growing distrust of government's ability
26:16
to manage the monetary system, fiscal system and what we're
26:22
seeing and and it's no secret that we've seen huge demand in
26:26
the East. I think the West has been caught
26:29
sleeping at the wheel here a little bit.
26:32
We've seen a shift in terms of who determines price.
26:36
We've we've seen price determination on gold happening
26:40
more in the East versus the West.
26:43
You've got central bankers around the world accumulating
26:46
gold and I always say watch what the central banks do, not what
26:51
they say and you've got essentially every central bank
26:55
in the world is trying to get their hands on as much gold as
26:58
they can at the moment. So I we're we're just setting up
27:01
for a really strong environment for gold and and silver of
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course. I could.
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I could not agree with you more. On behalf of our viewer and
27:12
myself, I want to say thank you for joining us today.
27:15
You've given us a great reason to be excited about great
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Pacific projects in PNG projects in Australia.
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Is there anything I forgot to ask you about that you'd like to
27:28
mention before we sign off? No, I I think we covered it off
27:33
well Ron, I I really appreciate your time and we're going into
27:39
you know a period of time where there'll be a lot of news flow.
27:42
So it'll be it'll be quite easy for people to follow along on
27:46
our progress on the gold and copper projects in PNG and
27:50
Australia and we look forward to keeping everybody up to date.
27:54
Yeah, it's a it's an exciting, you know, gold exploration, you
27:58
have drills turning and news flow coming out.
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So it's it could be you know an exciting remainder of the year
28:06
here in 2024. Brian, thank you and we will
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look forward to talking to you next time.
28:13
Thank you.