Twitter Facebook LinkedIn YouTube

Great Atlantic commissions NI 43-101 Technical Report on Golden Promise gold property in Central Newfoundland gold belt

Video Platform Video Management Video Solutions Video Player

Greg Z. Mosher, M.Sc. App., P.Geo., and Larry Pilgrim, B.Sc., P.Geo. will include data from a 2010 work program of 27 diamond drill holes to update a previous 2008 historic mineral resource estimate for the Jaclyn Main Zone and recommend future work programs.

Additional Information:

Company: Great Atlantic Resources
Website: http://www.greatatlanticresources.com
Stock Symbol: TSXV: GR
Date Published: Oct 30, 2018
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Great Atlantic Resources has commissioned a NI 43-101 Technical Report on the company’s Golden Promise Gold Property.

Greg Z. Mosher, M.Sc. App., P.Geo., and Larry Pilgrim, B.Sc., P.Geo. will include data from a 2010 work program of 27 diamond drill holes to update a previous 2008 historic mineral resource estimate for the Jaclyn Main Zone and recommend future work programs.

The Golden Promise Gold Property, with a paved provincial highway transecting the property, is located in central Newfoundland gold belt.

The property hosts multiple gold bearing quartz veins and is located in a region of recent significant gold discoveries

It is located approximately 40 kilometers west-southwest of the Moosehead Project of Sokoman Iron Corp.

Sokoman reported a drill intersection of 45 grams per tonne gold over an 11.9 meter core length including a 1.35 meter core length quartz vein intersection of 386 grams per tonne gold from a discovery made during their 2018 diamond drill program.

The Valentine Lake Gold Camp of Marathon Gold Corp. is located approximately 55 kilometers to the southwest.

As reported on Marathon’s website, the Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totalling 2,137,000 ounces of gold at 1.99 grams per tonne and inferred resources totalling 1,105,000 ounces of gold at 1.99 grams per tonne.

Great Atlantic cautions that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

Great Atlantic recently completed a program of prospecting and rock and soil geochemical sampling at the Golden Promise Gold Project targeting multiple areas.

Gold bearing quartz veins are reported in multiple areas including at least 5 gold bearing quartz vein systems reported in one zone referred to as the Jaclyn Zone located in the northern half of the property.

Much of the reported historical exploration at the property has been focused on the Jaclyn Zone with gold bearing vein systems reported at the Jaclyn Main, Jaclyn East, Jaclyn West, Jaclyn North and Jaclyn South Sub-zones.

Quartz float samples collected by the company during 2017 in one target area, referred to as the Branden Zone, in the northern region of the property returned 57.2 and 200 grams per tonne gold.

A 0.32 meter long chip sample collected across the Shawn’s Shot Vein by the Company in 2017 returned 48.2 grams per tonne gold.

Gold recovery from a reported 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 grams per tonne gold.

The average tails grade for the sample was reported to be 1.12 grams per tonne gold.

A “back-calculated head grade of 5.59 grams per tonne gold” was reported for the bulk sample.

Most historic work was conducted at the Jaclyn Main Zone with some of the reported diamond drilling gold intercepts shown in this table.

The 2018 exploration program is ongoing with assays pending for additional soil and rock samples.

The shares are trading at $0.055.

For more information, please visit the company’s website www.greatatlanticresources.com.

Investor Relations is handled by Kaye Wynn Consulting Inc. They can be reached at either 604-558-2630 or 888-280-8128, or email info@kayewynn.com.

I’m Megan Edwards for Investmentpitch Media