A BREAKTHROUGH IN PRECISION MINING
Great Atlantic Resources (TSXV: GR) is preparing to launch what could be a first-of-its-kind initiative in Newfoundland’s gold belt – an Artificial Intelligence-guided precision mining program, beginning with a 2,700-tonne bulk sample starting at the beginning of September.
Adjacent to the multi-billion-dollar Valentine Gold Mine development, Great Atlantic aims to “surgically” follow narrow, high-grade veins while reducing waste, capital needs, and environmental footprint. The company’s Golden Promise Property hosts an inferred resource of approximately 120,000 ounces of gold at an average grade of 10.4 g/t, extending from near surface.
HOW IT WORKS
In partnership with Novamera, the company will deploy an AI-guided directional drill, which is common in energy but rarely applied this way in mining, to map and follow the vein rather than stripping surrounding useless rock. For investors, the objective is straightforward: target payable ore with fewer steps and less dilution.
- Bulk Sample Initiated: 2,700 tons to be processed on site with a portable plant.
- Institutional Support: ~$6.6 million in non-dilutive funding from Canada’s Digital Supercluster and collaborators (Memorial University, UBC, ACOA).
- Aligned Partner Capital:Novamera has invested ~$4 million to develop and field the system.
MARKET POTENTIAL
If bulk sample results meet objectives, Newfoundland’s Small Mines framework could allow staged production up to 50,000 tons per year. At an average grade of 10.4 g/t on the property, the cash flow could be a company maker assuming the average grade holds true.
Road access, nearby power and labour in the Grand Falls area, and the province’s mining friendly policies support execution and potential scaling across multiple targets with a central plant.
THIRD-PARTY VALIDATION
“Out of all the projects evaluated, NovaMera and Canada’s Digital Supercluster chose ours and they’re backing it with their own capital and expertise,” said CEO Chris Anderson.
WHY INVESTORS SHOULD PAY ATTENTION
Equipment is on site, the first hole is slated for September, and updates are expected as the bulk sample progresses. For investors seeking high-grade gold exposure in a top-tier jurisdiction, with credible partners and a production path designed to match results, this interview delivers timely insight into a potentially important advance in how narrow-vein gold is mined.
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