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Great Atlantic Resources Expands Land Position by Over 5000 Hectares With Boulder Samples up to 17 G/T Gold Central Newfoundland Gold Belt
VANCOUVER, BC / ACCESSWIRE / January 20, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (FSE:PH01) (the "Company" or "Great Atlantic") is pleased to announce t
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 20, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (FSE:PH01) (the \"Company\" or \"Great Atlantic\") is pleased to announce that during the year 2020 when opportunity arose it immediately staked ground that became available. This has resulted in an additional five mineral licences, totalling 5,025 hectares, within the central Newfoundland gold belt. Three licences border the Company's Golden Promise Property while two licences are located east of the Golden Promise Property. Anomalous gold in soil and / or rock samples is reported within and / or adjacent to these new mineral licences. The highlight is a reported 17 grams per tonne (g/t) gold rock sample from the Lynx Pond Property. The Lynx Pond Property - Licence 031209M (1,525 hectares) is located approximately 12 kilometers east of the northern region of the Golden Promise Property. The property was staked to cover the area of a reported high-grade gold bearing rock sample, reported gold soil geochemical anomalies and a pyrite-gold mineral occurrence. The property is reported to be underlain by Cambrian - Middle Ordovician Victoria Lake Supergroup sedimentary and volcanic rocks and Ordovician - Silurian Badger Group sedimentary rocks. Reported historic highlights include: A 2004 quartz float sample from the central region of the property was reported to return 17 g/t gold, 52 g/t silver, 1.74% copper and >1% antimony. A 2004 soil sample from the east region of the property was reported to return an anomalous value of 0.083 ppm gold. The Lynx Pond pyrite-gold occurrence is reported in the southern region of the property. The Coronation Lake Property - Licence 031208M (500 hectares) is located approximately 14 kilometers east of the southern region of the Golden Promise Property. The property was staked to cover reported gold soil geochemical anomalies and two gold-silver-molybdenum-copper mineral occurrences. The property is reported to be underlain by the Neoproterozoic Crippleback Intrusive Suite. Reported highlights include: Two gold-silver-molybdenum-copper mineral occurrences are reported within the property, the Coronation Lake South #1 and Coronation Lake South #2 occurrences. A 1975 diamond drill hole was reported to intersect near-surface intervals with anomalous gold including 0.86 g/t gold over 0.91 meters core length. A f...