Great At­lantic re­ceives drill per­mit for Golden Prom­ise

Stockwatch Daily - - MINES & METALS - Mr. Lorne Mann re­ports

GREAT AT­LANTIC Re­sources Corp. has re­ceived a per­mit for di­a­mond drilling from the New­found­land and Labrador Depart­ment of Nat­u­ral Re­sources for its Golden Prom­ise gold prop­erty in cen­tral New­found­land. The per­mit al­lows for up to 8,000 me­tres of drilling and 48 drill holes. This per­mit ex­pires on July 26, 2018. Mul­ti­ple gold-bear­ing quartz veins oc­cur within the per­mit area in­clud­ing the Ja­clyn Main, Ja­clyn North, Ja­clyn South and Ja­clyn West zones. The com­pany is plan­ning to com­mence the first phase of drilling in early Oc­to­ber, fo­cus­ing on the Ja­clyn Main zone and area east of and along strike of the Ja­clyn North zone, in­clud­ing ar­eas of high-grade gold-bear­ing quartz boul­ders.

Phase I drilling will in­clude the Ja­clyn Main zone, lo­cated in the north­ern re­gion of the prop­erty. Most of the his­toric work was con­ducted at the Ja­clyn Main zone. A Na­tional In­stru­ment 43-101-com­pli­ant in­ferred re­source of 921,000 tonnes at an av­er­age grade of 3.02 grams per tonne gold (89,500 ounces con­tained gold) was re­ported in 2008 for the Ja­clyn Main zone. Gold re­cov­ery from a re­ported 2,241-tonne bulk sam­ple col­lected in 2010 at the Ja­clyn Main zone was re­ported to av­er­age 4.47 g/t Au. The av­er­age tails grade for the sam­ple was re­ported to be 1.12 g/t Au. A back-cal­cu­lated head grade of 5.59 g/t Au was re­ported for the bulk sam­ple. The Ja­clyn Main zone has been re­port­edly traced for a strike length of ap­prox­i­mately 800 me­tres (northeast to east strik­ing) through trench­ing and di­a­mond drilling to ap­prox­i­mately 420 m ver­ti­cal depth.

Ja­clyn Main zone — 2010 bulk sam­ple area

The sec­ond area of fo­cus dur­ing phase I drilling is the Ja­clyn North zone, re­ported ap­prox­i­mately 250 m north of the Ja­clyn Main zone. Drill holes are planned to test the ex­ten­sion of Ja­clyn North zone along its pro­jected strike to the east. Re­cent trench­ing in this area re­vealed thick over­bur­den (pre­dom­i­nantly greater than three or four me­tres in re­cent trenches). Gold-bear­ing an­gu­lar quartz bound­ers were dis­cov­ered in till within th­ese trenches in­clud­ing mul­ti­ple high-grade boul­ders in one trench ap­prox­i­mately 260 m east of the east­ern­most his­toric Ja­clyn North drill hole. Grab sam­ples of boul­ders from this trench re­turned 31.96, 78.05, 163.99 and 332.67 g/t gold (9.7 ounces per ton gold) (see news re­lease of Aug. 31, 2017). The area of this par­tic­u­lar trench is a high-pri­or­ity tar­get for the com­pany and will be tested dur­ing the phase I drilling.

The northeast-strik­ing Ja­clyn North zone has been re­port­edly traced by di­a­mond drilling (13 holes) for ap­prox­i­mately 450 m and lo­cally to a ver­ti­cal depth of 175 m. The zone is re­ported to con­tain three quartz veined sub­zones. Re­ported drill in­ter­sec­tions in­clude (core length):

- GP03-32: 12.13 g/t Au/0.35 m and 12.30 g/t Au/0.30 m

- GP07-76 (Up­per sub­zone): 11.28 g/t Au/0.30 m

- GP06-51 (Mid­dle sub­zone): 5.24 g/t Au/1.70 m

- GP06-47 (Lower sub­zone): 15.23 g/t Au/0.30 m

- GP10-103: 6.19 g/t Au/0.35 m

The 2008 Na­tional In­stru­ment 43-101 tech­ni­cal re­port states the style of vein­ing, min­er­al­iza­tion, al­ter­ation, host rock and tec­ton­ism at Golden Prom­ise most closely re­sem­ble other tur­bidite-hosted (or slate belt) gold de­posits through­out the world.

Ac­cess is ex­cel­lent with a paved pro­vin­cial high­way tran­sect­ing the prop­erty. The prop­erty is lo­cated near the town of Bad­ger and ap­prox­i­mately 50 kilo­me­tres northeast of the Valen­tine Lake prop­erty of Marathon Gold Corp.

Read­ers are warned that his­tor­i­cal records re­ferred to in this news re­lease have been ex­am­ined but not ver­i­fied by a qual­i­fied per­son. Fur­ther work is re­quired to ver­ify that his­tor­i­cal as­says re­ferred to in this news re­lease are ac­cu­rate.

David Martin, PGeo, a qual­i­fied per­son as de­fined by NI 43-101, is re­spon­si­ble for the tech­ni­cal in­for­ma­tion con­tained in this news re­lease.

About Great At­lantic Re­sources Corp.

Great At­lantic Re­sources 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 top min ing re gions 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.

We seek Safe Har­bor.

Christo­pher Ross An­der­son, Al­lan Joseph Beaton, Lorne Mann

(GR) Shares: 33,238,854

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