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

Posted by AGORACOM-Eric at 1:50 PM on Friday, June 14th, 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

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

Posted by AGORACOM-Eric at 9:48 AM on Wednesday, May 29th, 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

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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
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
  • 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

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

Posted by AGORACOM-Eric at 1:23 PM on Friday, May 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

Great Atlantic $GR.ca Acquires Glenelg Vanadium Property – Southwest New Brunswick $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 9:10 AM on Monday, May 6th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
  • Recent and historic bedrock grab samples of 0.33 & 0.42% V2O5.
    Historic bedrock grab sample of 14 g/t Au, 1.38% Bi, 0.65% Co and 27.5 % TiO2.

VANCOUVER, BC / ACCESSWIRE / May 6, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has acquired, through an option agreement and by staking, the Glenelg Vanadium Property, located in southwest New Brunswick. Recent bedrock grab samples from the property from a layered intrusion returned significant levels of vanadium and titanium. Historic grab bedrock samples are reported to return significant levels for gold, cobalt and bismuth. The property is located approximately 5 kilometers southeast of the Clarence Stream Gold Project of Galway Metals Inc.

  • Recent and historic bedrock grab samples of 0.33 & 0.42% V2O5.
  • Historic bedrock grab sample of 14 g/t Au, 1.38% Bi, 0.65% Co and 27.5 % TiO2.
  • Vanadium, titanium and iron mineralization in layered Bocabec Gabbro Complex.


(To view the full-sized image, please click here)

The Glenelg property has seen little exploration. Company management cannot find evidence of historical drilling within the property. The property is reported to be underlain by the Silurian Bocabec Gabbro Complex (gabbro, minor granodiorite, diorite and granite).

Polymetallic veins were discovered within the property during 2006 and 2013 by one of the option partners. A grab sample collected during 2006 was reported to return 2.6 grams per tonne (g/t) gold and 0.65% cobalt. Another grab sample was reported to return greater than 1% copper and 0.15% cobalt. A 2013 grab sample from a sulfide vein was reported to return 14 g/t gold, 1.28% bismuth and 0.12% cobalt.

A 2013 sample collected by one of the option partners from a magnetic layer in the Bocabec Gabbro Complex was reported to return 0.237% vanadium (0.42% V2O5), 16.5% titanium (27.5% TiO2) and greater than 30% iron.

A grab sample from a magnetic layer collected by Great Atlantic during 2018 returned 0.188% vanadium (0.33% V2O5), 10.10.3% TiO2 and 25.71% iron. This sample was collected by a qualified person. This sample was analyzed by ALS Canada Ltd. by XRF Fusion.


(To view the full-sized image, please click here)


(To view the full-sized image, please click here)

The Glenelg Property is located approximately 5 kilometers southeast of the Clarence Stream Gold Project of Galway Metals Inc. (TSXV.GWM). Galway reported a NI 43-101 resource estimate for the project during 2018, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 g/t gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 g/t gold (277,000 ounces of gold). Galway recently reported a new gold discovery at the Clarence Stream Gold Project with one hole reported to intersect 7.3 g/t gold over 36.7 meters core length (Galway News Release of February 13, 2019).

The Glenelg Vanadium Property is located within southwest New Brunswick approximately 20 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the Company’s Mascarene Property which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and / or silver. The Glenelg Vanadium Property covers an area of approximately 1,185 hectares.

Under the terms of the agreement, Great Atlantic may earn in a 100-per-cent interest in the property by making certain staged cash payments to the optionor over a five-year period as follows: (i) $10,000 in cash deposit (paid); (ii) $15,000 in cash on or before the first anniversary of the approval date; (iii) $30,000 in cash on or before the second anniversary of the approval date; (iv) $30,000 in cash on or before the third anniversary of the approval date; and (v) $40,000 on or before the fourth anniversary of the approval date; and (vi) $50,000 on or before the fifth anniversary of the approval date.

In the event Great Atlantic exercises the Option and acquires a 100% right, title and interest in and to the Property, the Optionor shall thereafter be entitled to a 2.0% net smelter return, payable upon the commencement of Commercial Production.

Optionee shall have the right to purchase one-half (50%) of the NSR Royalty from Optionor at any time by payment to Optionor of $1,000,000, leaving Optionor with a 1.0% remaining NSR Royalty or in stages example $500,000 for ½ of a percentage.

Readers are warned that mineralization at the Clarence Stream Gold Project and the Company’s Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property. Readers are warned that historic data referred to in this News Release have not been verified by a qualified person.

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

Great Atlantic $GR.ca Acquires Golden Trust Property 1 Km North of Valentine Lake Gold Camp of Marathon Gold in Central Newfoundland Gold Belt $SIC.ca $MOZ.ca

Posted by AGORACOM-Eric at 12:20 PM on Friday, March 1st, 2019
  • Acquired the Golden Trust Property through staking
  • 1 kilometer north of the Valentine Lake Gold Camp of Marathon Gold Corp.
  • Golden Trust Property covers an area of 2,400 hectares in a relatively under-explored area of the central Newfoundland gold belt

VANCOUVER, BC / ACCESSWIRE / March 1, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the “Company” or “Great Atlantic”) is pleased to announce it has acquired, through staking, the Golden Trust Property, located in the central Newfoundland gold belt and 1 kilometer north of the Valentine Lake Gold Camp of Marathon Gold Corp. has acquired, through staking, the Golden Trust Property (TSXV:MOZ). The Golden Trust Property covers an area of 2,400 hectares in a relatively under-explored area of the central Newfoundland gold belt. Key points for the Golden Trust Property include:

  • Located 1 km north of the Valentine Lake Gold Camp of Marathon Gold Corp., approximately 44 km southwest of Great Atlantic’s Golden Promise Property and approximately 31 km southwest of the Duck Pond VMS deposit.
  • Within the prospective Victoria Lake Supergroup which hosts numerous epigenetic gold & volcanogenic massive sulfide occurrences (including Duck Pond VMS deposit).
  • Within the Exploits Subzone of the Dunnage Zone and east of the Red Indian Line (RIL), a major (Appalachian-scale) collisional boundary, and suture zone.
  • Government till samples (2008) returned elevated to anomalous values for gold in various regions of the Golden Trust Property.


(To view the full-size image, please click here)

The Golden Trust Property occurs within an under-explored area of the Newfoundland central gold belt. Company management have been unable to locate any reports of historic diamond drilling within the property. Till geochemical sampling conducted by the Newfoundland Department of Natural Resources in 2008 included a small number of wide-spaced samples within the Golden Trust Property. Samples from various regions of the property returned elevated to anomalous values for gold including in the 5-9 parts per billion range.

The southern boundary of the property is located 1 kilometer north of the northeast region of the Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV:MOZ). 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. The Golden Trust Property is located approximately 44 kilometers southwest of Great Atlantic’s Golden Promise Gold Property which hosts multiple gold bearing quartz vein systems.

The Company’s Golden Trust and Golden Promise Properties and the Valentine Lake Gold Camp of Marathon Gold Corp. all occur within the Exploits Subzone of the Dunnage Zone. The Red Indian Line (RIL), a major (Appalachian-scale) collisional boundary, and suture zone, forms the western boundary of the Exploits Subzone.

The Golden Trust Property occurs within the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane within the Exploits Subzone. The VLSG hosts numerous volcanogenic massive sulfide (VMS) and epigenetic gold occurrences. The most significant of the VMS deposits within the VLSG is the Duck Pond deposit (zinc, lead, copper, silver and gold), located approximately 31 kilometers northeast of the Golden Trust Property.


(To view the full-size image, please click here)

Readers are warned that mineralization at the Valentine Lake Gold Camp, Golden Promise Property, Duck Pond Deposit and elsewhere within the Exploits Subzone and VLSG is not necessarily indicative of mineralization within the Golden Trust Property.

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

$GR.ca Great Atlantic Identifies Additional Gold Targets on the Golden Promise Project, Central Newfoundland $SIC.ca $MOZ.ca

Posted by AGORACOM-Eric at 9:57 AM on Wednesday, February 27th, 2019
  • Received all analytical results from the 2018 exploration program at its Golden Promise Property, located in the central Newfoundland gold belt
  • The results identified additional exploration targets where no prior drilling has taken place

VANCOUVER, BC / ACCESSWIRE / February 27, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received all analytical results from the 2018 exploration program at its Golden Promise Property, located in the central Newfoundland gold belt, the results identifying additional exploration targets. The 2018 soil and rock analytical results confirm gold soil anomalies +/- rock samples anomalous in gold in at least three additional target areas in under-explored regions of the property. The Company’s main focus on the property remains the Jaclyn Zone where multiple gold bearing quartz vein systems occur. Gold bearing veins and gold bearing quartz vein boulders occur in other regions of the property.

Anomalous 2018 rock and soil samples were concentrated in three new targets areas:

  • Southwest region: Anomalous soil samples along two reconnaissance soil lines, up to 77 ppb gold (News Release of September 27, 2018). All 11 samples along one 570- meter long line returned anomalous gold values. Rock samples within the soil anomaly retuned anomalous gold values including 1.04 g/t gold.
  • East-Central region: Anomalous soil samples (up to 39 ppb gold) & rock float samples (up to 136 ppb gold) along a reconnaissance traverse.
  • West-Central region: Anomalous soil samples (up to 41 ppb) following up in an area of 2017 soil anomalies (212 and 236 ppb gold).
  • No previous drilling in the new target areas.

The 2018 program was reconnaissance in nature consisting of prospecting and soil / rock geochemical sampling in multiple under-explored regions of the Golden Promise Property. Multiple gold soil anomalies were identified in the southwest, west-central and east-central regions of the property, thereby adding to the number of gold targets within the property. Rock grab samples from float in the east-central and southwest regions of the property returned anomalous values for gold, the high value being 1.04 g/t gold.

Soil sample analytical results from the southwest region of the Golden Promise Property were reported in the Company’s News Release of September 27, 2018. The results include anomalous gold in soil samples from a new target area in this southwest region. The majority of soil samples from two reconnaissance lines in this target area returned anomalous values for gold (up to 77 parts per billion (ppb) gold) including all 11 samples from one approximately 570-meter long line. Nine of the 2018 rock grab samples (float and outcrop) from this anomalous zone returned anomalous gold values, the high value being a boulder sample with quartz veins returning 1.04 g/t gold.This anomalous zone is approximately 4 kilometers northeast of the Linda / Snow White gold bearing vein which is located within the southwest region of the property. Reported historic highlights for the Linda / Snow White vein include a 232 g/t gold grab sample, 29.7 g/t gold over 0.5 meters in a channel sample and 19.5 g/t gold over 1.15 meters during diamond drilling (core length).

Quartz boulder in new southwest target area

The 2018 program confirmed an area of gold soil anomalies in the west-central region of the property. Initial reconnaissance soil sampling by the Company in this region during 2017 identified gold anomalies (including samples returning 212 and 236 ppb gold). Soil sampling in this area was continued during 2018 along 2 north-south lines. Six of seven soil samples from an approximately 300-meter long section of one line returned anomalous values for gold in the 8-41 ppb gold range, confirming this new target area. This zone of gold soil anomalies is located approximately 1 kilometer northwest of the gold bearing Shawn’s Shot quartz vein. A 0.32-meter long chip sample collected by the Company across the Shawn’s Shot vein in 2017 returned 48.2 g/t gold (News Release of August 28, 2017).

The 2018 program established a new gold target area in the east-central region of the property. Prospecting and soil sampling were conducted along one east-west reconnaissance line in this region. Approximately 25% of the soil samples along an approximately 2-kilometer section of this line returned anomalous values for gold (6-39 ppb gold). Rock samples from quartz boulders in this region returned anomalous values for gold (up to 136 ppb gold). The target area is approximately 2.2 kilometers south-southwest of the gold bearing Jaclyn Main Zone. The Jaclyn Main Zone has been the primary focus of historic gold exploration on the property.

The Company recently reported a National Instrument 43-101mineral resource estimate for the Jaclyn Main Zone, located in the northern region of the property (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 Jaclyn Main Zone 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 Jaclyn Main Zone is part of the Jaclyn Zone. At least 5 gold bearing quartz vein systems are reported at the Jaclyn Zone, including the Jaclyn Main Zone, Jaclyn North Zone, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone. Much of the reported historical exploration within the property has been focused on the Jaclyn Zone with the majority of historic drill holes (2002-2010) at the Jaclyn Main Zone. Other gold bearing veins within the property include Shawn’s Shot, Linda / Snow White and at the Gabbro Occurrence. High grade quartz boulders are reported within the property including at the Jaclyn Zone and Branden and Justin’s Hope boulder occurrences.

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.

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 Jaclyn Main Zone 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.

The 2018 rock and soil samples were analyzed by Eastern Analytical Ltd. in Springdale, NL for gold by Fire Assay and for 34 elements by ICP. A qualified person managed and conducted the 2018 exploration program.

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

$GR.ca Great Atlantic Commences 2018 Exploration Program – Golden Promise Gold Property – Central Newfoundland

Posted by AGORACOM-Eric at 10:05 AM on Thursday, May 31st, 2018

 

  • Cash payment of $25,000 and issuance of 75,000 shares upon signing a definitive agreement (Paid and Issued);
  • Issue $50,000 in shares on the 12-month anniversary of the definitive agreement; the number of shares to be issued will be based on the 10 day VWAP immediately prior to the anniversary date; and
  • Explorex will incur a total expenditure of $750,000 (including all underlying payments) over a period of 4 years; of which $100,000 will be a firm commitment on or before the first anniversary of the definitive agreement.

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce that Explorex Resources Inc (CSE-EX) has executed the Option Agreement to acquire a 75% interest in the Kagoot Brook Cobalt Project in New Brunswick (“Kagoot Brook”) from Great Atlantic. Furthermore, Explorex is planning to perform a comprehensive exploration program this summer.

Option Agreement

The Kagoot Brook property, is 100% owned by Great Atlantic and is subject to an underlying agreement with a prospecting syndicate.  The agreement to acquire a 75% interest in the Project is subject to the following terms:

  • Cash payment of $25,000 and issuance of 75,000 shares upon signing a definitive agreement (Paid and Issued);
  • Issue $50,000 in shares on the 12-month anniversary of the definitive agreement; the number of shares to be issued will be based on the 10 day VWAP immediately prior to the anniversary date; and
  • Explorex will incur a total expenditure of $750,000 (including all underlying payments) over a period of 4 years; of which $100,000 will be a firm commitment on or before the first anniversary of the definitive agreement.

Upon earning 75% of the project, the parties will enter into a joint venture.  The terms will provide for a pro-rata dilution such that should Great Atlantic’s interest drop below 5%, it will revert to a 3% NSR.  Explorex will retain the right to buyback 2 percentage points at $ 1 million for each 1%, or portion thereof.  Should Great Atlantic seek to sell any portion of the remaining NSR, Explorex will retain a first right of refusal.

For additional details on the Kagoot Brook Project refer to Company news release dated February 14, 2018 or visit the Company’s website at www.greatatlanticresources.com

On Behalf of the board of directors

“Christopher R Anderson”

President CEO Director

604-488-3900 – Dir

Investor Relations:

Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free: 888-280-8128

E-mail: [email protected]

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,. 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.