Business
Great Atlantic's - Golden Trust Property Discovers New Gold Anomalous Zone Over 1km and Values up to 52 ppb Au Project 1km Away from Marathon Gold Corp. Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / January 27, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic’s - Golden Trust Property Discovers New Gold Anomalous Zone Over 1km and Values up to 52 ppb Au Project 1km Away from Marathon Gold Corp. Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / January 27, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has identified gold soil geochemical anomalies at its 100% owned Golden Trust Project. The property is located within central Newfoundland, its southern boundary one kilometer north of the Valentine Gold Property of Marathon Gold Corp. (TSXV:MOZ).http://greatatlanticresources.com/wp-content/uploads/2021/01/Golden-Trust-Property-Gold-Sampling-2020.pngDavid Martin, VP Exploration for Great Atlantic, states \"we are very encouraged by our initial exploration program on the Golden Trust Gold Property. The proportion of soil samples anomalous for gold is significant with anomalous samples concentrated in a few areas representing targets for 2021 exploration. A northeast trending fault is also reported in this region of the property, representing a favourable structure for gold mineralization.The 2020 reconnaissance soil sampling program was conducted within the northern region of the Golden Trust Property. Twenty-three samples (approximately 18% of the samples) returned anomalous values of 6-52 ppb gold of which eleven samples (approximately 9% of samples) returned 11-52 ppb gold and 4 samples exceeded 20 ppb gold (24-52 ppb Au). The gold anomalies occur as single sample anomalies and as clusters of anomalous samples. Highlights include:Sixteen of 50 samples (approx. 32%) along an approximate 1.3-kilometer section of a soil line returned 6-26 ppb gold with 6 samples returning 11-26 ppb gold. A northeast trending fault is reported in this region.Three of six samples along an approximate 130-meter section of a soil line returned gold values of 14, 19 and 52 ppb. Scattered additional gold anomalies up to 28 ppb gold.http://greatatlanticresources.com/wp-content/uploads/2021/01/GR-Central-NFL-Gold-Belt-Properties-Map.pngKey points for the Golden Trust Property include:Southern boundary is located 1 km north of the Valentine Gold Project of Marathon Gold Corp. The property is approximately 44 km southwest of Great Atlantic's Golden Promise Property and approximately 31 km southwest of the Duck Pond VMS deposit....