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An update from Fosterville South Exploration ( (TSE:GPAC) ) is now available.
Great Pacific Gold Corp. has announced the sale of its Golden Mountain Project in Victoria, Australia, to Adelong Gold Limited. This strategic move is part of Great Pacific Gold’s plan to concentrate on its core assets in Papua New Guinea while enhancing its financial position. The transaction includes a cash payment and shares in Adelong Gold, with the latter planning to continue exploration on the site, now renamed the Apollo Gold Project, potentially offering significant development opportunities.
More about Fosterville South Exploration
Great Pacific Gold Corp. is engaged in the exploration of gold-copper resources, with a focus on developing its prospective land packages in Papua New Guinea and Australia. The company holds a portfolio of exploration stage projects, aiming to unlock value from high-quality gold assets.
YTD Price Performance: -18.21%
Average Trading Volume: 57,696
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.1M
For detailed information about GPAC stock, go to TipRanks’ Stock Analysis page.
