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Great Atlantic Resources (TSXV: GR) Received Gold Results For the Rock Samples Collected at its Golden Promise Gold Property.

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The Golden Promise Gold Property, expanded to approximately 16,500 hectares and located in central Newfoundland, is one of the company’s two properties in Newfoundland.

Additional Information:

Company: Great Atlantic Resources
Website: http://www.greatatlanticresources.com
Stock Symbol: TSXV: GR
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Great Atlantic Resources has received gold results for the rock samples collected during May and June at its Golden Promise Gold Property.

The Golden Promise Gold Property, expanded to approximately 16,500 hectares and located in central Newfoundland, is one of the company’s two properties in Newfoundland.

The Golden Promise Property hosts multiple gold-bearing quartz veins and gold-bearing float boulders.

The majority of historic work was at the Jaclyn Main Zone, which has been reportedly traced for a strike length of approximately 800 meters through trenching and diamond drilling to approximately 420 meters vertical depth.

A NI 43-101 compliant report prepared for the Jaclyn Main Zone in 2008, reported an inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold) was reported in 2008 for the Jaclyn Main Zone.

Gold recovery from a 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t Au.

The average tails grade for the sample was reported to be 1.12 g/t Au.

A “back-calculated head grade of 5.59 g/t Au” was reported for the bulk sample.

The Jaclyn Main Zone
Rock samples were collected in multiple areas within the property, confirming gold mineralization in quartz vein boulders or outcrop in four areas.

Four quartz vein samples from three different areas exceeded 1 ounce per ton gold, including a boulder sample returning a high value of 5.8 ounces per ton gold.

Trenching has since been completed in one of these areas referred to as the Jaclyn North Zone with analyses pending for rock samples.

The grab samples ranged in weight from 0.88 to 1.51 kilograms, with the single chip sample weighing 0.94 kilograms.
The shares are trading at $0.18 and with 33 million shares outstanding, the company is capitalized at $5.9 million.

For more information, please visit the company’s website www.greatatlanticresources.com, contact Christopher R. Anderson, President at 604-488-3900 or email ir@greatatlanticresources.com.

I’m Samantha Deutscher for Investmentpitch Media