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Great Atlantic Receives Diamond Drilling Permit and Begins 2019 Work Program
Golden Promise Project, CentralNewfoundland VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / ...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Receives Diamond Drilling Permit and Begins 2019 Work ProgramGolden Promise Project, CentralNewfoundlandVANCOUVER, BC / ACCESSWIRE / May 16, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has received a diamond drilling permit for the Company's Golden Promise Gold Property, located in the central Newfoundland gold belt. The Company has also begun its 2019 exploration program on the Golden Promise Property, currently conducting focussed prospecting and geochemical sampling at high priority targets within the property. The drilling permit allows for up to 24 drill holes in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ). Planned drilling will consist of the following: In-fill drilling in the west half of JMZ within conceptual pit-constrained area. Shallow and deeper in-fill drilling in central-east region of JMZ. Drilling along projected strike east of JNZ in an area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold - News Release of August 31, 2017). The Company reported a National Instrument 43-101mineral resource estimate for the JMZ in late 2018 (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows: Resource Cutoff Au g/t Au Cap g/t Au Uncap g/t Tonnes Au Ounces Capped Au Ounces Uncapped Total 1.1 9.3 10.4 357,500 106,400 119,900 Pit-Constrained 0.6 11.4 14.1 157,300 57,800 71,200 Underground 1.5 7.5 7.6 200,200 48,600 48,700 Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.Mineral resource tonnage and grades are reported as undiluted.Contained Au ounces are in-situ and do not include recovery losses The majority of planned diamond drill holes at the Gold...