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InvestmentPitch Media Video Discusses Great Atlantic's Plans to Initiate a Phase 1 Diamond Drill Program at its Golden Promise Gold Property in the Central Newfoundland Gold Belt - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2019) - Great Atlantic Resources (T...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"\nInvestmentPitch Media Video Discusses Great Atlantic's Plans to Initiate a Phase 1 Diamond Drill Program at its Golden Promise Gold Property in the Central Newfoundland Gold Belt - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - October 16, 2019) - Great Atlantic Resources (TSXV: GR) (FSE: PH01) plans to initiate a Phase 1 diamond drill program at its Golden Promise Gold 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. The company has received a drill permit for Golden Promise Gold property which allows for up to 24 drill holes in the northern half of the property at the gold-bearing Jaclyn Zone.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/The diamond drill is scheduled to be mobilized to the property on October 18 for drilling at the Jaclyn Zone, which hosts multiple gold-bearing quartz vein systems. The Phase 1 drilling program will be a minimum of 1,000 meters and is expected to test the west half of the Jaclyn Main Zone, within the conceptual pit-constrained area, and test the deeper region of the zone to expand the resource. Some holes will test along the projected strike east of Jaclyn North Zone in an area of high-grade quartz boulders discovered during trenching in 2017, which returned samples of 163, 208 and 332 grams per tonne gold.The company reported a NI 43-101 Mineral Resource Estimate for the Jaclyn Main Zone in late 2018. Using a weighted average cutoff of 1.1 grams per tonne gold resulted in a total Inferred Resource of 106,400 ounces capped and 119,900 ounces upcapped. All resources were classified as inferred because of the relatively wide spacing of drill holes through most of the zone.The Golden Promise Gold Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the n...