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Great Atlantic Receives Additional Permit Diamond Drilling Approval for Up To 33 Holes for the Jaclyn Zone at its 100% Owned Golden Promise Property, Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - GREAT ATLANTIC RESOURCES CORP. (T...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Receives Additional Permit Diamond Drilling Approval for Up To 33 Holes for the Jaclyn Zone at its 100% Owned Golden Promise Property, Central NewfoundlandVancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., has received approval from the Newfoundland and Labrador government for diamond drilling at the Golden Promise Property. The drilling approval is for up to 33 drill holes (approximately 8,000 meters) at the Jaclyn Zone. Golden Promise Mines property contains multiple gold bearing quartz veins / vein systems with high grade gold. Company drilling between 2019-2024 resulted in multiple drill intercepts exceeded 1 ounce gold / tonne. 2025 Upcoming Drill Hole TargetsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3027/253572_8ca2fc81848fba10_002full.jpgThe drilling approval allows for diamond drilling (up to 33 drill holes) in the areas of the gold – bearing Jaclyn Main Zone (JNZ); the gold – bearing Jaclyn North Zone (JNZ); a target immediately north of the JMZ; and the area east-northeast of the JNZ. The Company is planning diamond drilling during 2025 – 2026 under this approval. The drilling approval expires on April 4, 2027 Great Atlantic / Golden Promise Mines Inc. intersected high-grade quartz veins at the JMZ during 2019, 2021 and 2024 drilling programs including numerous intercepts exceeding 1 ounce / tonne gold (see news releases at the Company's website) and reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 grams / tonne (g/t) gold (119,900 inferred ounces of gold - uncapped) (see the Company's news release of December 6, 2018). Golden Promise Mines Inc. Gold Properties - Central Newfoundland(Golden Promise and Adjacent Properties)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3027/253572_8ca2fc81848fba10_003full.jpgThe drilling approval allows for drill holes testing the central to east regions of the JMZ in an area of less previous diamond drilling. The objective of this planned drilling is to increase the JMZ's inferred resources. Followin...