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Great Atlantic to Begin Diamond Drilling Program Next Week in Area of Planned Bulk Sample at 100% Owned Golden Promise Gold Property-Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - GREAT ATLANTIC RESOURCES COR...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic to Begin Diamond Drilling Program Next Week in Area of Planned Bulk Sample at 100% Owned Golden Promise Gold Property-Central NewfoundlandVancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., plans to begin a diamond drilling program during the second week of September at its Golden Promise Gold Property, located in the central Newfoundland. Golden Promise Mines Inc. has awarded the drill contract to MCL Drilling from Deer Lake, NL.The fully funded drill program (up to nine drill holes and estimated 900 total meters) will be conducted at the gold-bearing Jaclyn Main Zone (JMZ) in the area of a planned bulk sample.Golden Promise Mines Inc. 2024 Planned Diamond Drill HolesTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3027/222181_3cfbb189a475bbf1_002full.jpgThe drilling program will be conducted with partner Novamera Inc. and will include Novamera's proprietary Guidance Technology, providing increased data and resource knowledge to define the shape, geometry and continuity of the vein. The drilling is planned for the area of a planned bulk sample, also being fully funded.Gold Bearing Quartz Vein (JMZ)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3027/222181_3cfbb189a475bbf1_003full.jpgThe objective of the 2024 diamond drilling program is to further define gold bearing quartz veins in one part of the JMZ in preparation for extraction of the bulk sample. The drilling program will be conducted within the west region of the JMZ targeting gold bearing veins to approximately 100 meters vertical depth.Great Atlantic confirmed high-grade gold in quartz veins in the west region of the JMZ during 2019 and 2021 diamond drilling programs, including near surface high grade intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters and 61.35 g/t gold over 2.04 meters (see Company news releases for results of 2019 and 2021 diamond drilling programs).The planned approximately 2700 tonne bulk sample at the JMZ is to be extracted after diamond drilling and bulk sampling approval using a precision mining method, powered by Novamera's proprietary Su...