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Great Atlantic $GR.ca Receives Diamond Drilling Permit and Begins 2019 Work Program $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 7:26 AM on Thursday, May 16th, 2019
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  • In-fill drilling in the west half of JMZ within conceptual pit-constrained area.
  • Shallow and deeper in-fill drilling in central-east region of JMZ.
  • Drilling along projected strike east of JNZ in an area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of August 31, 2017).

Golden Promise Project, Central Newfoundland

VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received a diamond drilling permit for the Company’s Golden Promise Gold Property, located in the central Newfoundland gold belt. The Company has also begun its 2019 exploration program on the Golden Promise Property, currently conducting focussed prospecting and geochemical sampling at high priority targets within the property. The drilling permit allows for up to 24 drill holes in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ). Planned drilling will consist of the following:

  • In-fill drilling in the west half of JMZ within conceptual pit-constrained area.
  • Shallow and deeper in-fill drilling in central-east region of JMZ.
  • Drilling along projected strike east of JNZ in an area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of August 31, 2017).

The Company reported a National Instrument 43-101mineral resource estimate for the JMZ in late 2018 (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Resource Cutoff Au g/t Au Cap g/t Au Uncap g/t Tonnes Au Ounces Capped Au Ounces Uncapped
Total 1.1 9.3 10.4 357,500 106,400 119,900
Pit-Constrained 0.6 11.4 14.1 157,300 57,800 71,200
Underground 1.5 7.5 7.6 200,200 48,600 48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
Mineral resource tonnage and grades are reported as undiluted.
Contained Au ounces are in-situ and do not include recovery losses

The majority of planned diamond drill holes at the Golden Promise Property will be in-fill drill holes at the JMZ to provide data for an up-dated JMZ mineral resource estimate, engineering studies and studies of mineralizing controls. Drilling is also planned testing continuation of the JNZ east along projected strike. The Company conducted trenching during 2017 along the projected east strike of the JNZ. The trenching generally failed to reach bedrock due to thick glacial till. However gold bearing quartz vein boulders were excavated from multiple trenches, with some boulder samples returning high grade gold (including 163.99, 208.51 and 332.67 g/t gold: News Release of August 31, 2017). A qualified person managed the 2017 trenching program and sampling and verified the analytical data.

Great Atlantic has begun it’s 2019 exploration program on the Golden Promise Property. Prospecting and geochemical sampling is being conducted at high priority targets in multiple regions within the property. During the 2017 and 2018 programs, the Company identified / confirmed areas with gold bearing quartz vein float or bedrock; and gold soil anomalies. The objective of the current program is to further define trenching and drilling targets within these target areas.

The Golden Promise 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 north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.

During 2018 Sokoman Minerals Corp. (TSXV.SIC) announced a high-grade gold discovery on its Moosehead Property, located approximately 40 kilometers east-northeast of the Golden Promise Property. The discovery was made during the 2018 diamond drilling program. A drill intersection of 44.96 g/t gold over 11.90 meters core length was reported including a 1.35 meters core length quartz vein intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July 24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) is located approximately 55 kilometers southwest of the Golden Promise Property. 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 totaling 2,691,400 oz. of gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of gold at 1.77 g/t. Readers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

High-grade gold is reported in quartz veins and quartz vein boulders within the Golden Promise Property. Gold bearing quartz veins are reported in multiple areas of the property, including at least 5 gold bearing quartz vein systems reported in the Jaclyn Zone. Much of the reported historical exploration within the property has been focused on the Jaclyn Zone with gold bearing vein systems reported at the JMZ, JNZ, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone. The majority of historic drilling (2002-2010) was conducted at the JMZ. Gold bearing veins and gold bearing float are reported in other regions of the property. These include the Linda/Snow White vein in the southern region, Shawn’s Shot vein in the central region and Branden boulder occurrence in the northern region of the property.

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID2) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drillholes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

Jaclyn Main Zone Total Inferred Mineral Resource Estimate

Resource Cutoff Au g/t Au Cap g/t Au Uncap g/t Tonnes Au Ounces Capped Au Ounces Uncapped
Total 1.1 9.3 10.4 357,500 106,400 119,900
Pit-Constrained 0.6 11.4 14.1 157,300 57,800 71,200
Underground 1.5 7.5 7.6 200,200 48,600 48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
Mineral resource tonnage and grades are reported as undiluted.
Contained Au ounces are in-situ and do not include recovery losses

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

On Behalf of the board of directors

“Christopher R Anderson”

Mr. Christopher R. Anderson ‘Always be positive, strive for solutions, and never give up’
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

Atlantic’s Golden Promise $GR.ca in Canada’s Newest Emerging Gold District $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 3:31 PM on Friday, April 26th, 2019
  • Golden Promise located in the Victoria Lake Supergroup, with over 130 VMS deposits and occurrences, including 30 significant deposits and prospects.
  • Golden Promise neighbors Marathon Golds 4.2m gold resource
  • Drilling has focused on small area called Jaclyn Main Zone where multiple quartz veins comprise the 100,000 ounce resource
  • Jaclyn Main quartz vein system is open ended with a strike dimension of 975m and open vertical depth extension of 400m

Great Atlantic Hub on Agoracom

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: Great Atlantic’s Golden Promise in Canada’s Newest Emerging Gold District $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 12:28 PM on Wednesday, April 10th, 2019
  • Golden Promise located in the Victoria Lake Supergroup, with over 130 VMS deposits and occurrences, including 30 significant deposits and prospects.
  • Golden Promise neighbors Marathon Golds 4.2m gold resource
  • Drilling has focused on small area called Jaclyn Main Zone where multiple quartz veins comprise the 100,000 ounce resource
  • Jaclyn Main quartz vein system is open ended with a strike dimension of 975m and open vertical depth extension of 400m

Great Atlantic Hub on Agoracom

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

$GR Great Atlantic Aquires Southwest Golden Promise Property $MOZ $SIC

Posted by AGORACOM-Eric at 10:08 AM on Wednesday, February 20th, 2019
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  • Acquired the Southwest Golden Promise Property, covering an area of 1000 hectares, is centered approximately 4 kilometers west of the southern-most region of the Company’s Golden Promise Property
  • Historic (2008) approximately 260-meter long northeast-southwest gold soil anomaly trend including one reported sample of 7,667 ppb gold (7.6 g/t gold).
  • Historic (2008) approximately 260-meter long northeast-southwest gold soil anomaly trend including one reported sample of 7,667 ppb gold (7.6 g/t gold).

VANCOUVER, BC / ACCESSWIRE / February 20, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the ”Company” or ”Great Atlantic”) is pleased to announce it has acquired, through staking, the Southwest Golden Promise Property, located in the central Newfoundland gold belt. The property, covering an area of 1000 hectares, is centered approximately 4 kilometers west of the southern-most region of the Company’s Golden Promise Property. The Southwest Golden Promise Property covers gold soil anomalies (up to 7.6 g/t) and reported gold-bearing quartz float (up to 6.7 g/t).

Highlights for the Southwest Golden Promise Property include:

  • Historic (2008) approximately 260-meter long northeast-southwest gold soil anomaly trend including one reported sample of 7,667 ppb gold (7.6 g/t gold).
  • Historic (2009) quartz float samples returning 6.78 & 2.44 g/t gold within anomalous soil trend.
  • Reported visible gold in historic panned soil samples.
  • Within the Exploits Sub-Zone adjacent to and along the southeast margin of the Red Indian Line, a major (Appalachian-scale) collisional boundary, and suture zone.

The primary target within the Southwest Golden Promise Property is an approximately 260-meter long northeast-southwest trending zone of historic gold soil anomalies. Multiple 2008 soil samples within this trend are reported to have returned anomalous values for gold including eight samples in the 36-82 ppb gold range. Two quartz float samples collected during 2009 within this anomalous zone were reported to 6.78 g/t and 2.44 g/t gold. Panned soil samples at two of three sites within this anomalous zone were reported to yield gold flakes.

Great Atlantic’s Golden Promise Property is located east and northeast of the Southwest Golden Promise Property. The Golden Promise Property remains the Company’s focus in the central Newfoundland gold belt. The Golden Promise Property hosts multiple gold bearing quartz veins, the most advanced being the Jaclyn Main Zone. The Company recently announced a mineral resource estimate for the Jaclyn Main Zone (see the Company’s News Release of December 6, 2018). A gold bearing vein referred to as Linda / Snow White vein occurs in the southwest region of the Golden Promise Property. Reported historic surface samples at the Linda /Snow White vein include grab samples of 105 and 232 g/t gold and a channel sample of 29.7 g/t gold over 0.5 meters. The best reported historic drill hole intersection (2006) at the Linda / Snow White vein was 19.5 g/t gold over 1.15 meters (core length).

Similar to the Company’s Golden Promise Property, the Southwest Golden Promise Property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, both properties lie along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of both properties occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Iron Corp. (TSXV.SIC) at the Moosehead Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.

Sokoman Iron Corp. (TSXV.SIC) recently announced a high-grade gold discovery on its Moosehead Property, located approximately 40 kilometers east-northeast of the Golden Promise Property. The discovery was made during the 2018 diamond drilling program. A drill intersection of 44.96 g/t gold over 11.90 meters core length was reported including a 1.35 meters core length quartz vein intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July 24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) is located approximately 55 kilometers southwest of the Golden Promise Property. 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 totaling 2,691,400 oz. of gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of gold at 1.77 g/t. Readers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

Readers are warned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

On Behalf of the board of directors

”Christopher R Anderson

Mr. Christopher R. Anderson “Always be positive, strive for solutions, and never give up”
President CEO Director
604-488-3900 – Dir

Investor Relations:

Please call 604-488-3900

Great Atlantic Applies for Diamond Drilling Permit Golden Promise Project, Central Newfoundland $GR.ca $SIC.ca $MOZ.ca

Posted by AGORACOM-Eric at 9:56 AM on Wednesday, January 23rd, 2019
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  • Applied for a diamond drilling permit for the Company’s Golden Promise Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ)
  • In-fill drilling in west half of JMZ within conceptual pit-constrained area.
  • Explore along projected strike east of JNZ in area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold

VANCOUVER, BC / ACCESSWIRE / January 23, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has applied for a diamond drilling permit for the Company’s Golden Promise Gold Property, located in the central Newfoundland gold belt. The application is for up to 50 drill holes (up to 6,500 meters) in the northern half of the property at the Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ). Pending approval of the drilling permit and financing, the Company plans to begin drilling during spring 2019, with the following focus:

  • In-fill drilling in west half of JMZ within conceptual pit-constrained area.
  • Both shallow and deeper drilling in central-east region of JMZ.
  • Provide data for up-dated JMZ mineral resource estimate, engineering studies and studies of mineralizing controls.
  • Explore along projected strike east of JNZ in area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of August 31, 2017).

The Company recently reported a National Instrument 43-101 mineral resource estimate for the JMZ (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Resource Cutoff Au g/t Au Cap g/t Au Uncap g/t Tonnes Au Ounces Capped Au Ounces Uncapped
Total 1.1 9.3 10.4 357,500 106,400 119,900
Pit-Constrained 0.6 11.4 14.1 157,300 57,800 71,200
Underground 1.5 7.5 7.6 200,200 48,600 48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

The majority of 2019 planned diamond drill holes at the Golden Promise Property will be in-fill drill holes in the west section of the JMZ in the conceptual pit-constrained area. Some drilling is planned for the central-east section of the JMZ. Historic drilling in this part of the JMZ is less concentrated versus the west section. Planned drilling in the central-east section of the JMZ will include near-surface drilling to test continuation of gold mineralization to near-surface, and some deeper holes. The drilling program will provide data for an up-dated JMZ mineral resource estimate, engineering studies and studies of mineralizing controls. Up to nine drill holes are planned testing continuation of the JNZ east along projected strike. The Company conducted trenching during 2017 along the projected east strike of the JNZ. The trenching generally failed to reach bedrock due to thick glacial till. However gold bearing quartz vein boulders were excavated from multiple trenches, with some boulder samples returning high grade gold (including 163.99, 208.51 and 332.67 g/t gold: News Release of August 31, 2017). A qualified person managed the 2017 trenching program and sampling and verified the analytical data.

The Golden Promise Property hosts multiple gold bearing quartz veins and is located in 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 north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Iron Corp. (TSXV.SIC) at the Moosehead Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.

Sokoman Iron Corp. (TSXV.SIC) recently announced a high-grade gold discovery on its Moosehead Property, located approximately 40 kilometers east-northeast of the Golden Promise Property. The discovery was made during the 2018 diamond drilling program. A drill intersection of 44.96 g/t gold over 11.90 meters core length was reported including a 1.35 meters core length quartz vein intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July 24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) is located approximately 55 kilometers southwest of the Golden Promise Property. 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 totaling 2,691,400 oz. of gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of gold at 1.77 g/t. Readers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

High-grade gold is reported in quartz veins and quartz vein boulders within the Golden Promise Property. Gold bearing quartz veins are reported in multiple areas of the property, including at least 5 gold bearing quartz vein systems reported in the Jaclyn Zone. Much of the reported historical exploration within the property has been focused on the Jaclyn Zone with gold bearing vein systems reported at the JMZ, JNZ, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone. The majority of historic drilling (2002-2010) was conducted at the JMZ. Gold bearing veins and gold bearing float are reported in other regions of the property. These include the Linda/Snow White vein in the southern region and the Shawn’s Shot vein in the central region of the property.

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID2) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drillholes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

Jaclyn Main Zone Total Inferred Mineral Resource Estimate

Resource Cutoff Au g/t Au Cap g/t Au Uncap g/t Tonnes Au Ounces Capped Au Ounces Uncapped
Total 1.1 9.3 10.4 357,500 106,400 119,900
Pit-Constrained 0.6 11.4 14.1 157,300 57,800 71,200
Underground 1.5 7.5 7.6 200,200 48,600 48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors

“Christopher R Anderson

Mr. Christopher R. Anderson “Always be positive, strive for solutions, and never give up”
President CEO Director
604-488-3900 – Dir