Gold Mineralization Confirmed At Gabbro Gold Occurrence Within The Golden Promise Gold Property

 

VANCOUVER, BC - Great Atlantic Resources has received analytical results for rock samples collected during 2019 at the Gabbro Gold Occurrence within its Golden Promise Gold Property, located in the central Newfoundland gold belt. Three 2019 samples returned low-grade gold values up to 1.11 grams per tonne (g/t) gold, including:

2019 bedrock grab samples from quartz veins cutting gabbro at historic trench returned 0.80 and 1.11 g/t gold.

2019 rubble sample of gabbro with pyrite at historic trench returned 0.47 g/t gold.

The Gabbro Gold Occurrence is located within the southern region of the Golden Promise Property, being one of multiple gold-bearing zones on the Property. The most advanced of the zones is the Jacklyn Zone in the northern region of the Property.

During the 2019 program, Great Atlantic personnel located a large trench at the reported site of the Gabbro Gold Occurrence and collected bedrock grab and rubble grab samples, including samples containing quartz veins. Two bedrock grab samples within this trench from quartz veins cutting gabbro returned 0.80 g/t gold and 1.11 g/t gold. Another grab sample from rubble of pyrite-bearing gabbro returned 0.47 g/t gold. The sampling was supervised by a Qualified Person. The samples were assayed for gold at ALS Canada Ltd. using the Metallic Screening method. ALS Canada Ltd. is independent of Great Atlantic.

Historic outcrop grab sample of gabbro with quartz veins at the Gabbro Gold Occurrence, collected during 2005 and 2006 were reported to return 10.04 g/t gold and 9.145 g/t gold. Two historic trenches were reported to be excavated at this occurrence during 2009 with samples anomalous in gold reported.

The Golden Promise Gold Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Gold Project.

The company’s address is: 888 Dunsmuir Street, Suite 888, Vancouver, BC, V6C 3K4, (604) 488-3900.