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Great Atlantic Plans Diamond Drilling to Expand Jaclyn Main Zone Gold Resources at Its 100% Owned Golden Promise Gold Property - Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / March 30, 2022 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) ...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Plans Diamond Drilling to Expand Jaclyn Main Zone Gold Resources at Its 100% Owned Golden Promise Gold Property - Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / March 30, 2022 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the \"Company\" or \"Great Atlantic\"), is pleased to announce 2022 diamond drilling plans at its flagship Golden Promise Gold Property located in the central Newfoundland gold belt. The Company is planning diamond drilling at the gold - bearing Jaclyn Main Zone with the objective of expanding the inferred gold resources.Seventeen drill holes are planned during 2022 at the Jaclyn Main Zone (JMZ) for a total meterage of approximately 4700 meters. The objective of this drilling is to expand the JMZ's inferred resources by means of definition drilling along structurally important zones to the east and west of the JMZ. The intersection of multiple structural features determined using a combination of information garnered from recent drill intersections, historic airborne geophysics (magnetics and electromagnetics), historic drilling intersections, as well as historic structural geology indicate that these are prime drilling targets. Based upon these factors, the Company's technical team is confident that the planned drilling will expand the JMZ and increase the inferred gold resources. Following completion of the 2022 drilling program Great Atlantic plans to generate an updated NI 43-101 technical report and resource estimate. The Company reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold - uncapped).The Company plans to drill a minimum of four holes in the areas around the western extension of the JMZ where favourable structural trends strongly suggest a westward continuity of this system of gold veins. In addition, a minimum of eight drill holes are planned to assess the continuity of the JMZ gold-bearing veins to the east and down dip. The number of drill holes within these targets will be expanded if the results warrant it.A northeast striking structural zone was delineated using aeromagnetic data that connects with the JMZ suggesting the potential to host sub-parallel quartz veins. Great Atlantic plans to test this high priority target with five drill holes, and if gold mi...