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Great Atlantic Identifies New Target Area 1.83 g/t Gold in 2022 Quartz Boulder Sample at Its 100% Owned Golden Promise Gold Property - Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / January 18, 2023 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Co...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Identifies New Target Area 1.83 g/t Gold in 2022 Quartz Boulder Sample at Its 100% Owned Golden Promise Gold Property - Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / January 18, 2023 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has received additional analytical results for 2022 rock samples collected at its Golden Promise Gold Property, located in the central Newfoundland gold belt. A sample from a quartz float boulder from a new target area returned 1.83 grams / tonne (g/t) gold. The boulder was located during 2022 reconnaissance prospecting and rock geochemical sampling. Great Atlantic previously identified gold soil anomalies and a boulder anomalous for gold during 2020 in this area.Quartz boulder: 2022 Prospecting at Golden Promise Property (New Target Area)The new target area is located within the northern region of the Golden Promise Property approximately 2 kilometers west of the western part of the Jaclyn Zone. The Jaclyn Zone hosts multiple gold bearing veins / vein systems including the Jaclyn Main Zone for which the Company reported a National Instrument 43-101 compliant inferred mineral resource (119,900 ounces of gold - uncapped) during late 2018 (see the Company's news release of December 6, 2018).The new target area was initially identified during 2020 reconnaissance prospecting and rock - soil geochemical sampling. A sample from a quartz vein float boulder returned an anomalous value 0.128 g/t gold while two close-spaced soil samples returned anomalous values of 44 parts per billion (ppb) gold and 10 ppb gold. The 2022 work in this area consisted of prospecting and rock geochemical sampling. Quartz vein float were identified at multiple locations in this target area of which a sample from one quartz vein float boulder returned 1.83 g/t gold. The quartz vein boulders located during 2020 and 2022 within this target area occur within an area of approximately 900 meters by 400 meters. Great Atlantic is planning additional work during the 2023 field season within this target area consisting of additional prospecting and rock - soil geochemical sampling to further define this target and define trenching targets.The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within th...