Announcement Date: 2022-05-31
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. 0.5m @ 4.949g/t Au from 49.68m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, British Columbia – May 31 2022 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received gold assays for drill core samples from its fall 2021 diamond drilling program at the Otter Brook gold showing, located in the east region of its 100% owned Golden Promise Gold Property. The gold assays were for the first nine holes of the twelve-hole program. The Golden Promise Property is located within the central Newfoundland gold belt. The drilling program at the Otter Brook gold showing consisted of 12 holes (1,651 meters), testing the Otter Brook gold showing down-dip and along its projected strike. Gold assays have been received for the first nine holes (OB-21-1 to OB-21-9), including the following intercepts Of note, A 0.48-meter core length sample containing a quartz-carbonate-pyrite vein from drill hole OB-21-7 returned an anomalous value of 0.245 g/t gold. The area immediately south of this hole has not been drilled. 3 Company management are interpreting at least four gold bearing veins / structures to have been intersected during the drilling program based on depths and locations of the intersections. These include gold bearing intersections within 50 meters horizontal distance of the Otter Brook gold showing exposure in drill holes
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