Bulk Sampling Program Halted at Great Atlantic's Golden Promise Property, Central Newfoundland
Bulk Sampling Program Halted at Great
Atlantic's Golden Promise Property, Central
Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) -
GREAT ATLANTIC
RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic")
announces that the bulk
sampling program at the Company's 100%-owned Golden Promise Property has been halted following a
series of extended delays over the past several months. The halts were required to address persistent
issues with Novamera Inc.'s directional course-correction head used on the Bore Drill, combined with
Novamera's inability to secure additional financing and the onset of winter conditions. The program was
underway at the gold-bearing Jaclyn Main Zone ("JMZ"), located in central Newfoundland.
Throughout the recent months, the program experienced multiple stoppages, each lasting for extended
intervals, as the operational team attempted to resolve persistent problems with the directional course-
correction head, the key technology required to keep the drill centered on the narrow, high-density quartz
vein.
A fully functioning directional system is required for two reasons:
1
.
As the drill string progresses downward, natural rotational forces make it difficult to maintain a
straight, controlled trajectory without active steering.
2
.
When the drill head intersects the quartz vein, the high density contrast between the vein and the
softer surrounding wall rock causes the drill to drift toward the softer material unless stabilized by
an operational correction head.
Due to these recurring technical limitations, progress was severely constrained. To date, of the
approximately 300 metres of bore drilling required for the bulk sample, it is estimated that Novamera
was only able to complete roughly 40 metres. The directional head was not fully operational during this
interval, preventing meaningful advancement of the planned vein-centered extraction sequence.
Novamera has now initiated demobilization of the Bore Drill and associated equipment from the Golden
Promise site. Only part of the first of three planned bore holes was completed. Great Atlantic will now
undertake a full review of the work completed to date and assess both the technical requirements and
potential funding pathways needed for resumption of the program.
Importantly, the Company notes that all expenditures incurred to date will be credited toward the long-
term assessment requirements on the Golden Promise Property, preserving the longevity and good
standing of the mineral licences.
The bulk sampling approval issued by the Government of Newfoundland and Labrador remains valid until
July 8, 2027, authorizing up to 1,000 cubic metres (approximately 2,700 tonnes) of bulk sample material.
The prior funding provided by Digital was specific to the testing of emerging imaging technologies and
bore-drill-based extraction techniques.
"This early-stage program has demonstrated both the challenges and the potential associated with
precision imaging and directional-controlled drilling within narrow vein systems," stated Christopher R.
Anderson, President, CEO and Director of Great Atlantic. "Because our permit remains active and we
still have a wide operational window, we will be evaluating opportunities to continue the program once
the technical issues are fully resolved and additional funding becomes available. At the same time, our
introduction to these advanced imaging and directional technologies has opened new opportunities for
collaboration and innovation that may ultimately provide Great Atlantic with alternative pathways to
complete the bulk sample while contributing to advancements in non-invasive, precision-guided bore-drill
mining."
Great Atlantic previously reported a National Instrument 43-101 compliant inferred resource estimate for
the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 inferred ounces of gold, uncapped), as disclosed in
the Company's December 6, 2018 news release and supported by the NI 43-101 Technical Report on
the Golden Promise Property (revised), dated December 4, 2018, authored by Greg Z. Mosher, M.Sc.
App., P.Geo., and Larry Pilgrim, B.Sc., P.Geo.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic,
has reviewed and approved the technical content of this News Release.
Further updates will be provided as new information becomes available.
On Behalf of the board of directors
"Christopher R. Anderson"
Mr. Christopher R. Anderson
President CEO Director
604-488-3900
Investor Relations:
1-416-628-1560
___
Never miss an update!
Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more.
LINKEDIN:
https://ca.linkedin.com/company/greatatlanticresources
X:
https://x.com/GreatAtlRes
FACEBOOK:
https://www.facebook.com/GreatAtlanticResources
INSTAGRAM:
https://www.instagram.com/greatatlanticresources/
YOUTUBE
:
https://www.youtube.com/@GreatAtlanticTV/
TIKTOK:
https://www.tiktok.com/@greatatlanticresources
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/275942_e9d307fd24460894_002full.jpg
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,
Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/275942_e9d307fd24460894_003full.jpg
This press release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts, that address future exploration
drilling, exploration activities and events or developments that the Company expects, are forward looking
statements. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ materially from those in forward-looking
statements include exploitation and exploration successes, continued availability of financing, and
general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Great Atlantic Resource Corp.
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/275942