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InvestmentPitch Media Video describes Great Atlantic’s plans for the 2022 Diamond Drill Program to expand the Canadian Business Journal’s Jacqueline Main Zone at its 100% owned Golden Promise Gold Property in central Newfoundland.

Vancouver, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — Great Atlantic Resources (TSXV: GR) (FSE: PH02) is a wholly owned Golden Promise Gold Property in central Newfoundland, Jaclyn. We are planning to expand the 2022 Diamond Drill Program. Main zone. The company’s Golden Promise property is one of the company’s eight properties covering a total area of ​​25,700 hectares within the Gold Belt in central Newfoundland.

The media snippets that accompany this announcement are available by clicking on the images or links below.

For more information, check out the Investment Pitch Media video that provides this news and additional information about the company, as well as a video comment by Christopher Anderson, President and CEO of Great Atlantic. The video is “InvestmentPitch“When”YouTube“. If these links are not enabled, please visit the following URL: www.InvestmentPitch.com Type “Great Atlantic” in the search box.

Great Atlantic currently has a 33-hole drilling permit in the Jacqueline Main Zone and Jacqueline North Zone, which expires on August 16, 2022. A total of 17 drill holes of approximately 4700 meters are planned in the Jacqueline Main Zone.

The company plans to make at least four holes in the area around the western extension of the Jacqueline Main Zone. In this region, good structural trends strongly suggest the westward continuity of this gold vein system. A minimum of eight drill holes are planned to assess the continuity of the eastern and downward slopes of the gold-bearing veins of the Jacqueline main zone. If the results justify it, the number of drill holes in these targets will be expanded.

In the last quarter of 2018, the company reported NI 43-101 compliance Estimated resource estimate of 357,000 tonnes at 10.4 g / t gold with no upper limit of 119,000 ounces In the Jacqueline main zone. A gold value of 65 g / t was used as the upper bound for the estimation of mineral resources. That is, assays above 65 g / t gold were capped at 65 g / t gold. Due to the wide spacing of the drill holes, the entire resource was classified as an estimate. Due to the location of some of the veins near the surface, resource estimates were constrained by conceptual open pit mining to provide a reasonable outlook for the final economic mining.

During the excavation conducted in 2019, Great Atlantic confirmed high-grade gold in the Jacqueline Main Zone. This includes near-surface sections of 113.07 g / t gold over 0.55 meters and 61.35 g / t gold over 2.04 meters. The 2021 excavation returned 238.4 g / t gold slices over 0.40 meters.

Samples collected from multiple gold-containing quartzite in the Jacqueline North Zone in 2017 and 2020 return 157, 162, 208, and 332 g / t gold from areas within a 300 meter long zone. Brought high quality gold value including sample. Quartz vein rock containing gold.

The striking structural zone in the northeast is drawn using aerial magnetic data connecting to the Jaclyn main zone, suggesting the possibility of hosting quasi-parallel quartz veins. Great Atlantic plans to test this high-priority target with five drill holes, and if the gold mineralization intersects, it will need to be drilled further. The company’s technical team is confident that the planned drilling will expand the Jacqueline main zone and increase the estimated gold resources.

The second objective of the 2022 drilling program is that any of the adjacent gold-containing vein systems around the Jacqueline North Zone can bring significant results sufficient to ensure a broader drilling program in the future. Is to determine if.

The Golden Promise Property, located within the Exploit Subzone of the Newfoundland Danneage Zone, is within the realm of recent significant gold discoveries. Recent significant gold discoveries within the exploit subzone include Marathon Gold Corp. of the Valentine Gold Project, Sokoman Minerals Corp. of the Moosehead Gold Project, and New Found Gold Corp. of the Queensway Project.

Management warns that mineralization of the Valentine Gold Project, Moosehead Gold Project, Queensway Project, and elsewhere within the Exploit Subzone does not necessarily indicate the mineralization of the company’s Golden Promise property. I am.

With its large number of properties in Atlantic, Great Atlantic utilizes a project-generated model that focuses specifically on key elements that stand out on the Atlantic coast of Canada, such as antimony, tungsten, and gold.

The stock is trading at $ 0.20. For more information, please visit the company’s website. www.GreatAtlanticResources.comPlease contact Christopher R. Anderson (604-488-3900), President and CEO, or send us an email. office@GreatAtlanticResources.com.. For investor information, please contact Andrew Job (416-628-1560) or IR@GreatAtlanticResources.com.

For more information, please visit the company’s website. www.GreatAtlanticResources.comPlease contact Christopher R. Anderson (604-488-3900), President and CEO.For investor information, see Andrew Job (416-628-1560) or IR@GreatAtlanticResources.com..

Disclaimer

The information in this Investmentpitch Media Ltd video is for viewers only. Great Atlantic paid no more than $ 2,000 in cash to create the current news release in video format. Corporate information is based on publicly available information. The information provided by Investmentpitch Media Ltd. through its media services should not be construed as a recommendation, offer or offer to buy or sell securities, but only as an information media service. Investmentpitch Media Ltd makes no warranties or promises regarding the accuracy or completeness of this information. All due diligence must be done by the viewer or his financial adviser. Investing in securities is speculative and risky.

About Investment Pitch Media

InvestmentPitch Media harnesses the power of video to position its story in front of 1,000 companies seeking recognition and funding from the financial community, along with its widespread distribution. The company specializes in producing short videos based on important news releases, research reports, and other content of interest to investors.


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InvestmentPitch Media Video describes Great Atlantic’s plans for the 2022 Diamond Drill Program to expand the Canadian Business Journal’s Jacqueline Main Zone at its 100% owned Golden Promise Gold Property in central Newfoundland.

Source link InvestmentPitch Media Video describes Great Atlantic’s plans for the 2022 Diamond Drill Program to expand the Canadian Business Journal’s Jacqueline Main Zone at its 100% owned Golden Promise Gold Property in central Newfoundland.

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