Focused ON Exploring Atlantic Canada
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FOCUSED ON EXPLORING ATLANTIC CANADA
TSX.v: GR
FRA: PH02
Great Atlantic Resources advances to Bulk Sample
using Novamera’s Surgical Mining Technologies at Jaclyn Main Zone
At its 100% Owned Golden Promise Property, Newfoundland
Vancouver, British Columbia March 4, 2024 – Great Atlantic Resources (“ GR” or the “ Company”)
(TSX.GR), is pleased to announce that its wholly owned subsidiary, Golden Promise Mines Inc. (“GPM”), a
gold development company which wholly owns several projects in Central Newfoundland is planning a
bulk sample at the Jaclyn Main Zone deposit (the “Project”) for Q4 2024 in partnership with Novamera
Inc. (“Novamera”).
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The Project contains a NI 43-101 compliant mineral resource estimate of 119,900 inferred ounces at 10.4
grams per tonne (“g/t”) gold (See Company news release dated December 6, 2018).
To extract the approximately 2,700 tonne bulk sample, GR will use a precision mining method,powered
by Novamera’s proprietary Surgical Mining technologies. The bulk sample will provide mining and
metallurgical data to inform future economic and technical studies to advance the Project to a production
decision. The sample is being funded in part by co-investment from DIGITAL, Canada's Global Innovation
Cluster for digital technologies, as part of a larger project that aims to support data -driven and digital
solutions within the mining sector. Link to the announcement can be found here
https://www.digitalsupercluster.ca/projects/data-driven-surgical-mining/
Benefits of Surgical Mining
Surgical Mining is an economic option for bringing steeply dipping narrow vein deposits into production,
like the Jaclyn Main Zone. The innovative solution is a lower capex and faster path to production, while
also radically reducing environmental and soci al impact. Given the minimal upfront development costs,
Surgical Mining enables junior mining companies to get into production and generate cash flow, offering
a second source of cash and relying less on the capital markets to fund strategic plans. In addi tion, the
time to permits can be reduced because of the small footprint and scale of the operation.
"Situated in one of Newfoundland's most prolific gold belts, we're eager to advance our bulk sample
program at the Jaclyn Main Zone, pioneering the use of this innovative and transformative mining
technology in Canada," said Chris Anderson, CEO of Great Atlantic Resources. "We're excited to partner
with Novamera to showcase the potential of low -impact mining in our country."
"We’re excited to be working with Great Atlantic to demonstrate the potential for Surgical Mining to
unlock new mining opportunities. The Bulk Sample in partnership with Great Atlantic will be key to
showing how Surgical Mining can economically support the increased production of minerals and metals
and meet growing global demand, quickly and sustainably” says Dustin Angelo, Novamera CEO.
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Jaclyn Main Zone
The Jaclyn Main Zone (or the Project) is part of the Golden Promise Gold Property (the “Property”) owned
by GR’s subsidiary GPM. The Property is located within the central Newfoundland gold belt, near the town
of Badger. Multiple gold bearing quartz veins/quartz vein systems and zones of gold bearing quartz
boulders are reported within the Property. One such quartz vein system is the Jaclyn Main Zone. GAR
reported a 43-101 compliant mineral resource estimate for the Project during December 2018 (119,900
ounces gold, Inferred resource). Multiple 2017 GAR quartz samples from different regions of the Property
exceeded 1 ounce per tonne gold. Diamond drilling in 2019 and 2021 tested a section of the Project, with
high grade gold intersected in multiple holes, including core length intersections of:
• 61.35 g/t gold / 2.04 meters
• 15.80 g/t gold / 2.70 meters
• 113.07 g/t gold / 0.55 meters
• 2.30 g/t gold / 25.25 meters
• 56.85 g/t gold / 0.75 meters
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 Atla ntic 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.
For more information, please contact Christopher Anderson, CEO, at [email protected].
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About Novamera
Novamera has developed Surgical Mining technologies that pinpoint, map, navigate and extract high value
narrow vein deposits. Novamera’s precision drilling products integrate into conventional drilling
equipment, enabling mining companies to quickly and sustainabl y mine various metal and mineral
deposits that are otherwise uneconomic due to size, geometry, and orientation. The process has large
scale environmental and social impacts to support ESG targets and improve social licence, requiring a
small footprint with no blasting, the solution produces 95% less waste, 44% less GHG emissions and 99%
less water discharge. To date, the company successfully completed three projects and has plans for
additional projects this year.
Cautionary Statements
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.
David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador) , 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.
On Behalf of the board of directors
“Christopher R Anderson”
Mr. Christopher R. Anderson
President CEO Director
604-488-3900 – Office
Investor Relations: 1-416-628-1560 IR @ GreatAtlanticResources.com
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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 Atla ntic 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.
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 a ctual 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