| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Great Atlantic Resources Corp. |
| Project name: | Golden Promise |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 0.75m @ 56.855g/t Au from 47.25m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, British Columbia – February 14, 2022 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analytical results for the third drill hole (GP-21-151) of the 2021 diamond drilling program at its Golden Promise Gold Property. The drill hole, completed at the Jaclyn Main Zone, intersected multiple near-surface gold-bearing intervals including a quartz veined interval with high grade gold, returning 56.8 grams / tonne (g/t) gold over 0.75 meters core length. The Golden Promise Property is located within the central Newfoundland gold belt. GP-21-151 was drilled within the west region of the Jaclyn Main Zone (JMZ) in an area of highgrade quartz veins as intersected by Great Atlantic during the 2019 and 2021 drilling programs (see Company website for previous News Releases). GP-21-151 is a definition drill hole, the third hole of the 2021 8-hole drilling program at the Jaclyn Zone. It was drilled between two 2019 drill 2 holes, GP-19-142B and GP-19-144, of which GP-19-144 intersected high-grade gold in a quartz vein (61.35 g/t Au over 2.04 meters core length). GP-21-151 was drilled at an approximate 50- degree dip to the northwest (approximately 350 degrees relative to True North) to further define multiple gold bearing veins in this part of the JMZ. It was drilled to a length of 116 meters. |
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