GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (FRA: PH01) is pleased to announce it has identified gold soil geochemical anomalies at its 100% owned Golden Trust Project. The property is located within central Newfoundland, its southern boundary one kilometer north of the Valentine Gold Property of Marathon Gold Corp. (TSX-V:MOZ).
David Martin, VP Exploration for Great Atlantic, states “we are very encouraged by our initial exploration program on the Golden Trust Gold Property. The proportion of soil samples anomalous for gold is significant with anomalous samples concentrated in a few areas representing targets for 2021 exploration. A northeast trending fault is also reported in this region of the property, representing a favourable structure for gold mineralization.
The 2020 reconnaissance soil sampling program was conducted within the northern region of the Golden Trust Property. Twenty-three samples (approximately 18% of the samples) returned anomalous values of 6-52 ppb gold of which eleven samples (approximately 9% of samples) returned 11-52 ppb gold and 4 samples exceeded 20 ppb gold (24-52 ppb Au). The gold anomalies occur as single sample anomalies and as clusters of anomalous samples. Highlights include:
Key points for the Golden Trust Property include:
The 2020 soil samples were analyzed by Eastern Analytical Ltd. The soil samples were dried and sieved to -80 mesh. Subsamples of the sieved portions were analyzed for gold by fire assay – atomic absorption (AA) and for 34 elements by four acid – ICP-OES. Great Atlantic is independent of Eastern Analytical Ltd.
Readers are warned that mineralization at the Valentine Gold Project, Golden Promise Property, Duck Pond Deposit and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization within the Golden Trust Property.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.
About Great Atlantic Resources Corp.
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
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We acknowledge the [financial] support of the Government of Canada.