VANCOUVER – February 28– GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) has announced it is preparing and planning to submit an application for Phase 2 diamond drilling at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling is planned for 2020 at the Jaclyn Zone, specifically the Jaclyn Main Zone (JMZ) and along projected strike east of the Jaclyn North Zone (JNZ). The JMZ and JNZ host gold bearing quartz vein systems. Planned drilling east of the JNZ will test an area of high-grade quartz boulders.
The Jaclyn Zone is located within the northern region of the Golden Promise Property and hosts five gold bearing quartz veins systems, being the JMZ, JNZ, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone.
The Phase 2 drilling application will include a series of drill holes east of and along the projected strike of the JNZ including areas of high-grade quartz boulders. The JNZ is located approximately 250 meters north of the JMZ. During 2017 Great Atlantic excavated high-grade quartz boulders in trenches east of and along the projected strike of the JNZ. Assays of quartz boulder samples excavated during 2017 east of the JNZ included 163.99, 208.51 and 332.67 g/t gold (Great Atlantic News Release of August 31, 2017).
All rock samples collected during the 2017 trenching program were submitted to Eastern Analytical (Springdale, Newfoundland) for preparation and analysis. The high-grade quartz vein boulder samples were analyzed for gold by Total Pulp Metallics – Fire Assay. The sample submission included gold standard and blank samples.
The Phase 2 drilling application will include in-fill drill holes at the JMZ. This will include additional drill holes in the west area of the JMZ within the conceptual open pit area. This area of the JMZ was the focus of the Company’s 2019 Phase 1 drilling program which consisted of 10 holes totalling 1,063M. Drill core samples from seven holes exceeded 10 grams per tonne (g/t) gold (Company News Releases of February 6, 12 and 19, 2020).
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.