Focused ON Exploring Atlantic Canada Tsx.v: GR Fra: PH01 Great Atlantic Completes First Hole of 2021 Drilling Program Golden Promise Central Newfoundland ________________________________________________________ ______
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH01
GREAT ATLANTIC COMPLETES FIRST HOLE
OF 2021 DRILLING PROGRAM
GOLDEN PROMISE
Central Newfoundland
________________________________________________________ ______
FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – July 13, 2021 - GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has
completed the first hole (GP-21-149) of the 2021 diamond drilling program at its Golden
Promise Gold Property, located in the central Newfoundland gold belt . The hole, completed at
the Jaclyn Main Zone, intersected multiple quartz veins. Visible gold is evident in one vein.
Quartz Vein with Visible Gold in GP-21-149
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Drill hole GP -21-149 is an in -fill hole, drilled between 2019 drill holes which intersected high
grade gold mineralization. GP -21-149 was drilled within the west region of the Jaclyn Main
Zone (JMZ). It was drilled to a length of 96 meters. The current drilling is part of the Company’s
Phase 2 diamond drilling program at the gold bearing Jaclyn Zone. Drill core from GP-21-149 is
currently being geologically logged and sampled at the Company’s secure facility in central
Newfoundland. Multiple quartz veins were intersected in GP-21-149. Visible gold is evident in
a 0.30-meter long (core length) quartz vein intersected at 50.10-50.40 meters . Drill core
samples from GP -21-149 will be submitted to a certified laboratory for gold assay and multi -
element analysis.
Drilling is underway on GP-21-150, also an in-fill hole in the western part of the JMZ.
The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with
holes planned at the JMZ and Jaclyn North Zone with total planned drilling of approximately
5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide
information for an updated resource estimate of the JMZ. The Company is continuing the drill
hole numbering system from previous drilling programs. Most of the planned holes at the JMZ
are within the central to west region of the zone, testing above 200 meters vertical depth. Two
holes are planned in the east part of the JMZ to test the zone at 200-350 meters vertical depth.
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Quartz Vein with Visible Gold in GP-21-149
Great Atlantic reported a National Instrument 43 -101 compliant inferred resource estimate
during late 2018 for the J MZ of 357, 500 tonnes at 10.4 g/t gold (119,900 ounces of gold -
uncapped).
The Company confirmed high -grade gold at the J MZ during 2019 dril ling, including near
surface intercepts (core length) of 113.07 grams / tonne ( g/t) gold over 0.55 meters , 61.35 g/t
gold over 2.04 meters and 15.8 g/t gold over 2.70 meters plus an interval of multiple gold
bearing veins in one drill hole averaging 2.30 g/t gold over 25.25 meters.
The Golden Promise Property 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 a long 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 RIL. The RIL forms the western boundary
of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone
include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman
Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp.
(TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine
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Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of
mineralization the Golden Promise Property.
David Martin, P.Geo., 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 "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir
Investor Relations:
Please call 604-488-3900
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
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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.
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 Com pany 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 de velopments 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 finan cing, 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