North-Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2026) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to provide an update on diamond drilling by HM Exploration Corp. ("HM Exploration") at Great Atlantic's Pilley's Island Project at Pilley's Island, north-central Newfoundland. HM Exploration holds an option to earn a 100% interest in the project. HM Exploration has provided an update for the ninth to twelfth drill holes (PI-26-009 to PI-26-012) completed this year at the project (see HM Exploration news release of July 7th, 2026). The four holes were all drilled within the area of Great Atlantic's Pilley's Island Project.
Figure 1 (by HM Exploration): Drill core (lower zone) in hole PI-26-010 from 140.51 – 148.80m downhole. Detailed photo from core box, outlined in blue, highlighting sections of massive chalcopyrite + pyrite sulphide mineralization. See Table 2 for detailed visual descriptions.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/304444_a1cad6c6f490eb72_002full.jpg
"We are pleased to see HM Exploration complete their 2026 Phase One drilling program at the Pilley's Island Project," states Anderson, CEO of Great Atlantic. "The visual observations from their drilled holes are encouraging and we look forward to HM's pending assay results as it advances its planned downhole EM survey and Phase Two drilling program."
Drill holes PI-26-009 to PI-26-012 discussed in this news release represent an additional 1,115.60 metres for a total drilled meterage of 2,747.87 metres. HM Exploration states that planning is already underway for a Phase Two drilling program in fall 2026 based on the encouraging visual observations.
Highlights as stated by HM Exploration include:
Holes nine and ten have successfully intersected the new blind discovery of massive sulphide mineralization extending the strike length of the lower-zone to approximately 40m northwest. The upper-zone mineralized trend can be traced consistently over approximately 130m northwest.
The mineralization observed in the lower-lens of holes nine and ten displays similar characteristics as PI-26-008 (see HM Exploration press release dated June 29-2026).
Multiple mineralized intervals were encountered displaying varying types of mineralization ranging from disseminated – semi-massive – massive sulphide, including:
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PI-26-009*
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From 17.00 – 22.45m down-hole; 5.45m drilled length.
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From 155.03 – 157.66m down-hole; 2.63m drilled length.
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PI-26-010*
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From 141.81 – 145.90m down-hole; 4.09m drilled length. (Figure 1)
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