News Summary
The most recent news, dated December 10, 2025, announces further high-grade drill results from the Phase 1 program at its flagship Wild Dog project in Papua New Guinea. The headline intercept from hole WDG-14 is 9.5 metres of 13.8 g/t gold equivalent (AuEq), comprised of 12.61 g/t gold, 0.62% copper, and 14.63 g/t silver.
The company notes that this result is one of the most coherent and strongly mineralized intervals drilled to date and aligns with its geological model for a large epithermal system. The Phase 1 drill program has been expanded to 28 holes and will continue into early 2026. A second drill rig is scheduled to arrive in late January 2026 to accelerate drilling activity.
Material Impact
The December 10, 2025, drill results are materially positive. They provide strong confirmation of the high-grade, polymetallic nature of the Wild Dog project and build significant confidence in the continuity of the mineralized system.
– Confirmation of High-Grade Core: Following the bonanza-grade hit in WDG-08 (8.4m @ 49.9 g/t AuEq) announced on September 2, 2025, and the high-grade intercept in WDG-12 (5.9m @ 14.4 g/t AuEq) from November 10, 2025, this new result from WDG-14 (9.5m @ 13.8 g/t AuEq) further defines and de-risks a coherent, high-grade pod within the broader Sinivit structure. The consistent delivery of wide, high-grade intercepts is critical for demonstrating the economic potential of the project.
– Geological Confidence: The VP of Exploration’s statement that the result “aligns exceptionally well with our growing model” is a key takeaway. It indicates that the company’s understanding of the deposit’s geometry and controls on mineralization is improving, which is crucial for efficient and effective future drilling. This reduces exploration risk.
– Operational Momentum: The announcement confirms the expansion of the drill program to 28 holes and the imminent arrival of a second rig. While the rig’s arrival has been slightly pushed from December 2025 to late January 2026, this is a minor operational delay. The commitment to a larger program and a second rig signals management’s strong confidence in the project and sets the stage for significant news flow in 2026.
– Context of Corporate Strategy: These results arrive just as the company is finalizing the spinout of its Australian Walhalla asset (effective December 15, 2025). The successful drilling at Wild Dog validates the corporate strategy to focus exclusively on its high-potential Papua New Guinea portfolio. The company is now a much simpler, more focused story for investors.
– Financial Position: The company is well-funded to execute this expanded program, having raised $16.9 million in July 2025. The positive drill results justify the aggressive exploration spending.
In summary, this news is not a “game-changer” on the level of the initial bonanza hit in WDG-08, but it serves as powerful and essential confirmation. It proves the system has size and continuity, substantially increasing the probability of defining an economic resource.
Catalysts
– Immediate: Finalization of the Walhalla Gold Corp. spinout, which becomes effective on December 15, 2025. This should simplify the corporate structure and investment thesis for GPAC.
– 3-6 Months:
– Arrival and commissioning of the second drill rig in late January 2026.
– Assay results from the remaining 14 holes in the expanded 28-hole Phase 1 program at the Sinivit target.
– Commencement of Phase 2 drilling, which will likely test the Sinivit structure at greater depths and step out to other high-priority targets along the 15 km corridor, such as Kavasuki.
– Potential updates on initial groundwork and drill planning for the large-scale Magiabe porphyry target.
Materiality Conclusion
The news is rated Material – Positive. The drill results successfully confirm and extend a high-grade mineralized zone at the company’s flagship project, increasing geological confidence and de-risking the asset. This provides strong fundamental support for the stock as the company ramps up exploration activities with a second drill rig.
