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Great Atlantic Confirms Gold Mineralization Gabbro Gold Occurrence Golden Promise Gold Property Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Confirms Gold Mineralization Gabbro Gold Occurrence Golden Promise Gold Property Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / January 27, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has received analytical results for rock samples collected during 2019 at the Gabbro Gold Occurrence within its Golden Promise Gold Property, located in the central Newfoundland gold belt. Three 2019 samples returned low-grade gold values up to 1.11 grams per tonne (g/t) gold, including:2019 bedrock grab samples from quartz veins cutting gabbro at historic trench returned 0.80 and 1.11 g/t gold. 2019 rubble sample of gabbro with pyrite at historic trench returned 0.47 g/t gold.The Gabbro Gold Occurrence is located within the southern region of the Golden Promise Property, being one of multiple gold-bearing zones on the Property. The most advanced of the zones is the Jacklyn Zone in the northern region of the Property (assays pending from 2019 diamond drilling program at Jaclyn Main Zone).During the 2019 program, Great Atlantic personnel located a large trench at the reported site of the Gabbro Gold Occurrence and collected bedrock grab and rubble grab samples, including samples containing quartz veins. Two bedrock grab samples within this trench from quartz veins cutting gabbro returned 0.80 g/t gold and 1.11 g/t gold. Another grab sample from rubble of pyrite-bearing gabbro returned 0.47 g/t gold. The sampling was supervised by a Qualified Person. The samples were assayed for gold at ALS Canada Ltd. using the Metallic Screening method. ALS Canada Ltd. is independent of Great Atlantic.Historic outcrop grab sample of gabbro with quartz veins at the Gabbro Gold Occurrence, collected during 2005 and 2006 were reported to return 10.04 g/t gold and 9.145 g/t gold. Two historic trenches were reported to be excavated at this occurrence during 2009 with samples anomalous in gold reported.The Golden Promise Gold Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The n...