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Great Atlantic Summarizes Diamond Drilling Results - Golden Promise Gold Property - Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Summarizes Diamond Drilling Results - Golden Promise Gold Property - Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / February 26, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRANKFURT:PH01) (the \"Company\" or \"Great Atlantic\") is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing quartz vein system. The program was successful in intersecting gold bearing quartz veins within the JMZ, most being near surface within 100 meters vertical depth. The 2019 drilling program consisted of 10 holes (including one hole stopped prematurely) totalling 1,063M. Drill core samples from seven holes exceeded 10 grams per tonne (g/t) gold. Highlights of near surface gold intersections from the 2019 program include (core length):GP19-137: 12.37 grams per tonne (g/t) gold over 1.90 metersGP19-138: 113.07 g/t gold over 0.55 meters.GP19-139: 15.80 g/t gold over 2.70 meters.GP19-140: 2.30 g/t gold over 25.25 meters (includes 5 gold bearing veins)GP19-144: 61.35 g/t gold over 2.04 meters.GP19-145: 14.49 g/t gold over 1.52 meters.All nine holes that were drilled to planned depths intersected quartz veins with plus / minus sulfide mineralization. Visible gold is present within quartz veins intersected in drill holes GP-19-138, GP-19-139, GP-19-140 and GP-19-144.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, Jaclyn North Zone, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone.Nine drill holes (GP19-137, GP19-138, GP19-139, GP19-140, GP19-142, GP19-142B, GP19-143, GP19-144 and GP19-145) tested the west region of the JMZ within the conceptual open pit area. Drill hole GP19-141 tested the central and deeper part of the JMZ. Drill holes GP19-142 was stopped prematurely after only 16 meters and did not reach the target depth. All holes were drilled to the northwest (300 to 340 degrees azimuth) at dips of 50 to 80 degrees to intersect the gold bearing, northeast-east striking, southeast-dipping JMZ quartz vein system. Drill holes GP19-143 and GP19-145, drilled at approximately 300 degrees a...