Great Pacific Gold Corp. announced new high-grade gold assays from a follow up diamond drill hole of the Comet gold discovery at the Lauriston Gold Project in Victoria, Australia. Diamond drill hole CDH10 intersected 4.0 at 22.3 g/t Gold from 101.9m.

This high-grade intercept, together with additional gold assays received, occur within and below the previously identified main zone of the initial high-grade reverse circulation (RC) percussion 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). In addition to the high-grade gold assays of CDH10, the Company also received a number of deeper high-grade gold intervals from diamond drill hole CDH09 including 0.35m at 55.6 g/t Gold from 130.4m, 0.2m at 22.23 g/t Gold from 133.8m and 0.2m at 15.67 g/t Gold from 170.75m. These high-grade assays at depth show the significant potential of the system being drilled at Comet.

The Comet gold mineralization is hosted by Ordovician slates and sandstones, which are folded in a series of north-south striking concertina folds and regionally form part of the Fosterville Sub-Domain, east of Bendigo. The west dipping thrust fault at Comet, known as the Comet fault zone, is associated with the gold mineralization at the prospect. This high-grade gold discovery is located within the core of the Comet Anticline, where it is intersected by the Comet Fault Zone, which is a similar structural setting of the mineralization present at Fosterville.

Further diamond drilling has determined that the Comet anticlinal fold is moved westerly with depth below the main Comet thrust melange - fault zone and that a set of flat lying auriferous extensional quartz veins occurs below the main thrust fault. The Comet prospect has epizonal characteristics of Au-As-Sb mineralization similar to the Fosterville gold deposit. Other epizonal Victorian projects include the Costerfield and Sunday Creek gold deposits.

East-West compression causes the development of bedding plane slip surfaces, thrusts and extension arrays through progressive coaxial shortening (Sibson and Scott, 1998). West dipping thrust faults and extensional flat lying quartz veining especially in the zone of east dipping beds east of the anticline are dilational and create foci for gold mineralization to occur. Later strike slip faulting disrupted and fractured the gold mineralization previously deposited.

The model indicates that further gold mineralization will occur along the west dipping thrust faults especially when in proximity to the core of the anticline, as well as within the extensional quartz veined array. Apart from planned drilling along strike, further drilling is planned west of CDH02 to determine the location of the Comet Anticline and Comet Thrust intersection repetition. All assays were subject to quality control measures appropriate for percussion drilling with duplicates, blanks and commercially available standards with the expected results from the samples submitted.

All assays were conducted by Onsite Laboratory Services Ltd. (ISO: 9001), located in Bendigo, Victoria, using fire assay techniques with a 25g or 50g charge and ICP or AAS finish. The quality control results are consistent.