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Great Atlantic Identifies Additional Gold Soil Anomalies at its 100% Owned Golden Trust Property 1 km North of Valentine Gold Project of Marathon Gold Corp. Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / February 17, 2023 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "C...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Identifies Additional Gold Soil Anomalies at its 100% Owned Golden Trust Property 1 km North of Valentine Gold Project of Marathon Gold Corp. Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / February 17, 2023 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has received analytical results for soil samples collected during 2022 at its 100% owned Golden Trust Property, located within central Newfoundland and one kilometer north of the Valentine Gold Project of Marathon Gold Corp. (TSX.MOZ). Scattered 2022 samples from the northern region of the Golden Trust Property returned anomalous gold values in the 5-72 parts per billion (ppb) range. Initial 2020 sampling identified gold soil anomalies in this area. The 2022 reconnaissance soil sampling program was conducted within the northern region of the Golden Trust Property. The initial 2020 reconnaissance soil sampling identified gold soil anomalies in this region of the property with samples collected adjacent to a trail returning up to 52 ppb gold (see Company news release of January 27, 2021). Fifty-three soil samples were collected during the 2022 program along two north-south sample lines east and west of the 2020 samples. Ten of the 53 soil samples (approximately 19% of the samples) returned anomalous values of 5-72 ppb gold of which five samples (approximately 9% of the samples) returned 10-72 ppb gold.Based on 2020 and 2022 soil geochemical sampling, Great Atlantic management have identified a target area for future gold exploration of at least 700 meters by 300 meters within the northern region of the Golden Trust Property. Great Atlantic is planning additional sol geochemical sampling and prospecting - rock geochemical sampling during 2023 within and adjacent to this target area. The Golden Trust Property (2,400 hectares) is relatively under-explored. Great Atlantic management have not found any reports of diamond drilling within the property. The 2020 and 2022 soil samples reported in this news release were analyzed by Eastern Analytical Ltd. The samples were analyzed for gold by fire assay - atomic absorption (AA) and for 34 elements by four acid - ICP-OES. Great Atlantic is independent of Eastern Analytical Ltd. The 2020 and 2022 exploration program at Golden Trust were supervised by a Qualified Per...