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InvestmentPitch Media Video Discusses Great Atlantic's Identification of Gold Soil Geochemical Anomalies in Southern Region of Golden Promise Property in Newfoundland - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2020) - Great Atlantic Resources (T...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Great Atlantic's Identification of Gold Soil Geochemical Anomalies in Southern Region of Golden Promise Property in Newfoundland - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - January 15, 2020) - Great Atlantic Resources (TSXV: GR) (FSE: PH02) has identified gold soil geochemical anomalies in the southern region of the Golden Promise Property. The Golden Promise Gold Property, located in the central Newfoundland gold belt, is just one of many projects in the company's portfolio of properties in the Atlantic provinces.For more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Great Atlantic\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_1h7pk2u4/Great-Atlantic-Identifies-Additional-Gold-Anomalies-on-the-Golden-Promise-Gold-Property-in-NewfoundlandThe gold soil anomalies are located approximately 600 - 700 meters northeast of the northeast striking Linda/Snow White gold bearing quartz vein system. Highlights from the soil samples collected during the 2019 program include:• Two zones of anomalous gold values along a reconnaissance soil line.• Eight of eleven soil samples within a 275-meter long section returned anomalous gold values in the 0.005 to 0.076 parts per million range.• One anomalous zone is approximately along the projected strike of the Linda/Snow White vein system.The 2019 B horizon soil samples were collected using hand-held augers, from locations established using hand-held GPS devices.Great Atlantic also completed a diamond drilling program at the Golden Promise Property during late 2019 in the northern half of the property at the gold bearing Jaclyn Main Zone, located approximately 25 kilometers northeast of the Linda / Snow White vein system. Analytical results for drill core samples from the 2019 drilling program are still pending.The company reported a NI 43-101 Gold Resource Estimate for the Jaclyn Main Zone in December 2018. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 grams per tonne was adopted. For the underground portion of t...