Business
Great Atlantic Identifies Additional Gold Anomalies on the Golden Promise Gold Property Also Announces Financing Newfoundland
VANCOUVER, BC / ACCESSWIRE / January 13, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (th...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Identifies Additional Gold Anomalies on the Golden Promise Gold Property Also Announces Financing NewfoundlandVANCOUVER, BC / ACCESSWIRE / January 13, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has identified gold soil geochemical anomalies in the southern region of the Golden Promise Property. The property is located within the central Newfoundland gold belt. The gold soil anomalies are located approximately 600 - 700 meters northeast of the northeast striking Linda / Snow White gold bearing quartz vein system. The soil samples were collected during the 2019 program, the highlights being:• Two zones of anomalous gold values along a reconnaissance soil line.• Eight of eleven soil samples within a 275-meter long section returned anomalous gold values in the 0.005-0.076 parts per million (ppm) range.• One anomalous zone is approximately along the projected strike of the Linda / Snow White vein system.(To view the full-size image, please click here)Linda / Snow White Gold Bearing Quartz Vein System (To view the full-size image, please click here)The 2019 B horizon soil samples were collected using hand-held augers. The sample locations were established using hand-held GPS devices. The sample bags were sealed and stored in a secure building until delivery to Eastern Analytical for gold and multi-element analysis. The gold analysis was by fire assay (30-gram sub-samples). Eastern Analytical is a certified laboratory and is independent of Great Atlantic. A Qualified Person managed the exploration program.Great Atlantic also completed a diamond drilling program at the Golden Promise Property during late 2019 (Great Atlantic 2019 News Releases of October 15, October 29, November 12 and December 3). The drilling program was conducted in the northern half of the property at the gold bearing Jaclyn Main Zone, located approximately 25 kilometers northeast of the Linda / Snow White vein system. Great Atlantic announced a 43-101 gold resource at the Jaclyn Main Zone in December 2018. Analytical results for drill core samples from the 2019 drilling program are still pending.The Golden Promise Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located wit...