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Great Atlantic Completes First Two Holes of 2019 Diamond Drilling Program at Its Golden Promise Gold Property Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / October 29, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Completes First Two Holes of 2019 Diamond Drilling Program at Its Golden Promise Gold Property Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / October 29, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has completed the first two holes of the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. Diamond drilling is being conducted at the Jaclyn Zone, which hosts multiple gold-bearing quartz vein systems. The first two holes of the program (GP-19-137 and GP-19-138) were completed at the Jaclyn Main Zone. The hole numbering system is consistent with and continuing from that used by previous explorers.Quartz Vein intersected in GP-19-137 at Jaclyn Main ZoneThe 2019 Phase 1 diamond drilling program is expected to:Test the west half of JMZ within the conceptual pit-constrained area.Test the deeper central region of JMZ.Expand the JMZ resource.Test along projected strike east of JNZ in an area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold - News Release of August 31, 2017).Drill holes GP-19-137 and GP-19-138 tested the west half of the JMZ within the conceptual pit-constrained area. Both holes intersected quartz veins with plus / minus sulfide mineralization. The program is being managed by a Qualified Person. Drill core samples from both holes will be submitted to an independent, certified laboratory for gold and multi-element analysis.The Phase 1 drilling program at the Jaclyn Zone will be a minimum of 1,000 meters, focusing on the Jaclyn Main Zone (JMZ) with some holes testing the Jaclyn North Zone (JNZ). The Jaclyn Zone is located within the northern region of the Golden Promise Property and has been the focus of multiple diamond drilling programs during 2002-2010 and a bulk sample program during 2010.The Company reported a National Instrument 43-101mineral resource estimate for the JMZ in late 2018 (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:ResourceCutoff Au ...