VANCOUVER, British Columbia, September 22, 2022 (GLOBE NEWSWIRE) — Great Atlantic Resources (TSXV:GR) (FSE:PH02) is currently conducting exploration and rock geochemical sampling at six facilities in central Newfoundland. We are conducting gold exploration consisting of Utilize a subzone of the Newfoundland Dunnage Zone.
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Management has determined that, based on previous work with information on reported mineral occurrences and/or assessment reports filed with the Departments of Industry, Energy and Technology of Newfoundland and Labrador, management Identified target areas. Anomalous gold in soil and/or rock samples has been reported within and adjacent to these six mineral features. These are adjacent to or in close proximity to the company’s flagship Golden Promise Gold properties.
The company also recently announced an exploration program further southwest of these properties at the 2,400-hectare Golden Trust property located 1.5 kilometers north of Marathon Gold’s Valentine Gold Project and approximately 44 kilometers southwest of the company’s Golden Promise property. did. All eight facilities cover 25,700 hectares in the Gold Belt of central Newfoundland.
and Southwest Golden Promise Propertywhich consists of two licenses covering 1,750 hectares, was the first to be explored in the Great Atlantic in 2019, finding gold containing quartz vein rubble with potential for subcropping.
3.14 g/t of gold was detected in samples from multiple quartz vein debris at one location and the target area was identified.
1,525 hectares Links property Covering areas of reported high-grade gold-bearing rock samples, reported geochemical anomalies in gold soils, and reported pyrite-gold occurrences, the lynx pond pyrite-gold occurrences are the properties has been reported in the southern regions of Historical highlights include 17 g/t gold, 52 g/t silver, 1.74% copper, and more than 1% antimony, which was reported in 2004 from the central region of the property. Includes quartz float samples of the year.
500 hectares coronation property It covers the reported gold soil geochemical anomalies and the reported occurrences of two gold-silver-molybdenum-copper minerals, Coronation Hunan #1 and Coronation Hunan #2. A historic highlight is the 1975 diamond drill hole, which was reported to intersect with 0.025 ounces of gold per ton in a core length of 3 feet. His three soil samples in 2005 were reported to return highly unusual values of 0.43 ppm gold, 0.152 ppm gold, and 0.112 ppm gold.
1,125 hectares East Golden Promise Property Covers the range of reported gold-bearing rock samples, including two float samples reported to return 0.40 and 0.41 g/t gold in 2005.
1,425 hectares West Golden Promise Property Adjacent to an area where soil samples collected within 100 meters of the property’s eastern boundary were reported to have returned a highly unusual value of 0.559 ppm gold in 2005.
450 hectares South Golden Promise Property is adjacent to the Golden Promise property and is approximately 113 meters south of where a 2008 soil sample at the company’s Golden Promise property was reported to return a highly unusual value of 0.388 ppm gold.
Recent significant gold discoveries within the Exploit subzone include Marathon Gold Corp. at the Valentine Gold Project, Sokoman Minerals Corp. at the Moosehead Gold Project, and New Found Gold Corp. at the Queensway Project. Management cautions that mineralization at the Valentine Gold Project, Moosehead Gold Project, Queensway Project and elsewhere within the Exploit Subzone is not necessarily indicative of mineralization at the Company’s Golden Promise Properties doing.
Great Atlantic has many properties in Atlantic provinces and utilizes a project generative model that specifically focuses on the key elements that make Atlantic Canada stand out, such as antimony, tungsten and gold.
The stock is trading at $0.055. For more information, please visit the company’s website. www.GreatAtlanticResources.comPlease contact Christopher R. Anderson, President and CEO, at 604-488-3900.For investor information, call 416-628-1560 or email us [email protected].
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A video from Investment Pitch Media describes Great Atlantic’s gold exploration program at six facilities in central Newfoundland within the Exploit subzone of the Canadian Business Journal’s Newfoundland Dunnage Zone.
Source link A video from Investment Pitch Media describes Great Atlantic’s gold exploration program at six facilities in central Newfoundland within the Exploit subzone of the Canadian Business Journal’s Newfoundland Dunnage Zone.