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Great Atlantic Discovers Large New Gold Zone at Gold Promise Gold Project Central Newfoundland

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Great Atlantic Resources (TSXV:GR) (FSE:PH01) has received the first results from the 2018 exploration program at its Golden Promise Gold Project, which included numerous anomalous gold in soil samples from an area in the southwest region of the project, confirming a new target area.

Additional Information:

Company: Great Atlantic Resources
Website: http:// www.greatatlanticresources.com
Stock Symbol: TSXV: GR
Date Published: Sep 27, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Great Atlantic Resources has received the first results from the 2018 exploration program at its Golden Promise Gold Project, which included numerous anomalous gold in soil samples from an area in the southwest region of the project, confirming a new target area.

The Golden Promise Gold Property, with a paved provincial highway transecting the property, is located in central Newfoundland in a region of recent significant gold discoveries.

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

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

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 within this Project, including at least 4 gold bearing quartz vein systems reported in one zone referred to as the Jaclyn Zone located in the northern region of the Project; the Shawn’s Shot vein in the central region; and the gold bearing Linda–Snow White vein system in the southwest region of the Project.

High grade gold is reported at each of these vein systems.

The newly discovered zone of gold soil anomalies is located approximately 4 kilometers northeast of the Linda–Snow White gold bearing quartz vein system, which is reported to be up to 5 meters wide and exposed over a northeast-southwest strike length of 170 meters.

Historic reported sampling of this vein system include a grab sample returning 232 grams per tonne gold; best channel sample of 29.7 grams per tonne gold over 0.5 meters across the vein; and best diamond drill core sample of 19.5 grams per tonne gold over a 1.15 meter core length.

The majority of samples from two northwest-trending reconnaissance soil lines in this new target area returned anomalous values for gold.

Eight of nine soil samples along an approximate 430 meter section from the northern most sample line returned anomalous values of 5 -77 parts per billion gold with four samples in the 10 – 77 parts per billion range.

The second soil line is located approximately 250 meters southwest of and parallel to the first soil line.

All 11 samples along this approximately 570 meter long line returned anomalous values for gold in the 5-15 parts per billion gold range with five samples in the 11-15 parts per billion gold range.

Gold bearing boulders are reported at the Jaclyn Zone and at other locations in the project, including high grade boulders sampled by the Company during 2017 in the northern region of the project.

The Company explored other select areas for additional gold bearing quartz veins.

These include areas of gold bearing float identified by the Company in 2017, soil geochemical anomalies identified by the Company in 2017, and favourable areas based on reported bedrock geology and reported historical airborne geophysical data.

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

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

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.

The shares are trading at $0.11.

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 Samantha Deutscher for Investmentpitch Media