Business
Great Atlantic Receives Diamond Drilling Permit for Jaclyn Zone, Golden Promise Gold Property Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / August 18, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:P...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Receives Diamond Drilling Permit for Jaclyn Zone, Golden Promise Gold Property Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / August 18, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:PH01) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has received a permit for Phase 2 diamond drilling at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The permit allows for up to 25 diamond drill holes at the Jaclyn Zone, specifically the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ). The JMZ and JNZ host gold bearing quartz vein systems. Planned 2020 drilling will test east of the JNZ along its projected strike in areas of quartz boulders containing high grade gold and will include in-fill drill holes at the JMZ in an area of quartz veins containing high grade gold.Quartz Vein Boulder with Visible Gold from 2017 Trench 4(2.9 Kilogram Grab Sample Returned 332.6 g/t Au)The Jaclyn Zone is located within the northern region of the Golden Promise Property and hosts five gold bearing quartz veins systems, being the JMZ, JNZ, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone.The Phase 2 drilling permit allows for a series of drill holes east of the JNZ along its projected strike including areas of quartz boulders containing high grade gold. The JNZ is located approximately 250 meters north of the JMZ. During 2017 Great Atlantic excavated high-grade quartz boulders in trenches east of the JNZ along its projected strike. Assays of quartz boulder samples excavated during 2017 east of the JNZ included 163.9, 208.5 and 332.6 grams per tonne (g/t) gold (Great Atlantic News Release of August 31, 2017).All rock samples collected during the 2017 trenching program were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for preparation and analysis. The high-grade quartz vein boulder samples were analyzed for gold by Total Pulp Metallics - Fire Assay. The sample submission included gold standard and blank samples.The Phase 2 drilling permit allows for in-fill drill holes at the JMZ. This will include additional drill holes in the west area of the JMZ within the conceptual open pit area. This area of the JMZ was the focus of the Company's 2019 Phase 1 drilling program which consisted of 10 holes totalling 1,063M. Drill core samples from seven holes exceeded 10...