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Great Atlantic Acquires Golden Trust Property 1 Km North of Valentine Lake Gold Camp of Marathon Gold Corp. in Central Newfoundland Gold Belt
VANCOUVER, BC / ACCESSWIRE / March 1, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "C...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Acquires Golden Trust Property 1 Km North of Valentine Lake Gold Camp of Marathon Gold Corp. in Central Newfoundland Gold BeltVANCOUVER, BC / ACCESSWIRE / March 1, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has acquired, through staking, the Golden Trust Property, located in the central Newfoundland gold belt and 1 kilometer north of the Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV:MOZ). The Golden Trust Property covers an area of 2,400 hectares in a relatively under-explored area of the central Newfoundland gold belt. Key points for the Golden Trust Property include: Located 1 km north of the Valentine Lake Gold Camp of Marathon Gold Corp., approximately 44 km southwest of Great Atlantic's Golden Promise Property and approximately 31 km southwest of the Duck Pond VMS deposit. Within the prospective Victoria Lake Supergroup which hosts numerous epigenetic gold & volcanogenic massive sulfide occurrences (including Duck Pond VMS deposit). Within the Exploits Subzone of the Dunnage Zone and east of the Red Indian Line (RIL), a major (Appalachian-scale) collisional boundary, and suture zone. Government till samples (2008) returned elevated to anomalous values for gold in various regions of the Golden Trust Property. (To view the full-size image, please click here)The Golden Trust Property occurs within an under-explored area of the Newfoundland central gold belt. Company management have been unable to locate any reports of historic diamond drilling within the property. Till geochemical sampling conducted by the Newfoundland Department of Natural Resources in 2008 included a small number of wide-spaced samples within the Golden Trust Property. Samples from various regions of the property returned elevated to anomalous values for gold including in the 5-9 parts per billion range.The southern boundary of the property is located 1 kilometer north of the northeast region of the Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV:MOZ). As reported on Marathon's website, the Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 2,691,400 oz. of gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of gold at 1.77 g/t. The Golden Trust ...