Great Atlantic Resources Releases Trenching Results up to 333 GPT Gold at Golden Promise Property in Newfoundland - Video Available on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2017) - Great Atlantic Resources (TSXV: GR) (FSE: PH01) has released results for samples collected during a recent trenching program at its Golden Promise Gold Property. The Golden Promise Property, located near the town of Badger and approximately 50 kilometres northeast of Marathon Gold's Valentine Lake Property, hosts multiple gold-bearing quartz veins and gold-bearing float boulders.
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Trenching was conducted in the northern region of the property in an area of reported gold bearing quartz veins. Six angular quartz vein boulders, weighing between 1.05 and 2.96 kilograms, exceeded 30 grams per tonne gold, including three samples which returned 164, 208 and 333 grams per tonne gold.
| Sample # | Trench No. | Gold gpt | Total Sample Weight (kilograms) |
| GP-R-17-209 | 1 | 30.24 | 2.96 |
| GP-R-17-216 | 1 | 1.68 | 1.83 |
| GP-R-17-224 | 2 | 1.04 | 1.80 |
| GP-R-17-225 | 2 | 4.51 | 1.84 |
| GP-R-17-226 | 2 | 1.90 | 1.53 |
| GP-R-17-237 | 4 | 78.05 | 1.05 |
| GP-R-17-238 | 4 | 31.96 | 2.21 |
| GP-R-17-239 | 4 | 163.99 | 2.18 |
| GP-R-17-244 | 4 | 332.67 | 2.93 |
| GP-R-17-245 | 1 | 208.51 | 2.52 |
The majority of historic work was at the Jaclyn Main Zone, which has been reportedly traced for a strike length of approximately 800 meters through trenching and diamond drilling to approximately 420 meters vertical depth. A NI 43-101 compliant report prepared for the Jaclyn Main Zone in 2008, reported an inferred resource of 921,000 tonnes at an average grade of 3.02 grams per tonne gold with 89,500 ounces contained gold. Gold recovery from a 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 grams per tonne gold. The average tails grade for the sample was reported to be 1.12 grams per tonne gold, with a "back-calculated head grade of 5.59 grams per tonne gold" reported for the bulk sample.
The recent trenching program was conducted in areas of gold bearing quartz vein zones at the Jaclyn North and Jaclyn South Zones. The Jaclyn North Zone is approximately 250 metres north of the Jaclyn Main Zone
Four trenches were completed which tested the extension of the Jaclyn North Zone east of historic trenches and diamond drill holes along the projected strike of the reported gold bearing veins. Trench 1 is located approximately 30 metres east of the eastern-most drill hole. Trenches 2, 3 and 4 were excavated approximately 40, 75 and 230 metres east of Trench 1, with deep overburden encountered in all three trenches. Visible gold was observed in 4 samples. Management is interpreting the area of Trench 4 as a distinct new gold target.
The shares are trading at $0.23 and with 33 million shares outstanding, the company is capitalized at $7.6 million.
For more information, please visit the company's website www.greatatlanticresources.com. Investor Relations is handled by Kaye Wynn Consulting Inc. They can be reached at 604-558-2630 or 888-280-8128, or email at info@kayewynn.com.
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