FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Completes Additional Ten Drill Holes On its 100% Owned Golden Promise Gold Property Central Newfoundland ________________________________________________________ ______
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Completes Additional Ten Drill Holes
On its 100% Owned
Golden Promise Gold Property
Central Newfoundland
________________________________________________________ ______
VANCOUVER, British Columbia – November 3, 2021 - GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has
completed the first ten holes (1,418 meters) of the 2021 diamond drilling program at the Otter
Brook gold showing, located in the east region of its Golden Promise Gold Property. The Golden
Promise Property is located within the central Newfoundland gold belt.
Quartz-carbonate vein with semi-massive sulfides (pyrite and chalcopyrite) in hole OB-21-008
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Quartz and / or carbonate veins with semi -massive sulfide s (pyrite +/ - chalcopyrite) were
intersected in four drill holes to date. Similar veins with lesser amounts of sulfide mineralization
were intersected in all 10 holes to date. Drill core from the program is being logged and sampled
by Great Atlantic personnel at a secure facility in central Newfoundland.
Quartz-carbonate vein with semi-massive pyrite in hole OB-21-001
The drilling program is testing the Otter Brook gold showing down -dip and along its projected
strike. Drilling is underway on the 11 th drill hole and a 12 th drill hole is planned for the current
drilling program. Drill core samples were be submitted to a certified laboratory, being independent
of Great Atlantic.
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Quartz – carbonate veins with pyrite and chalcopyrite in hole OB-21-004
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Great Atlantic collected gold bearing rock samples during 2020 at the Otter Brook gold showing
from outcrop, subcrop and float. Eight of 11 rock samples collected during 2020 at this showing
returned gold values in the 0.719 – 5.758 g/t range. An outcrop grab sample returned the highest
value of 5.758 g/t gold.
The Golden Promise Property is located within a region of recent significant gold discoveries. The
property is located within the Ex ploits Subzone of the Newfoundland Dunnage Zone. Within the
Exploits Subzone, the property lies along 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 Pro ject. Readers are warned that mineralization at the Valentine Gold Project,
Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization
on the Golden Promise Property.
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The 2020 and 2021 programs at the Otter Brook gold s howing were / are being managed by a
Qualified Person. The 2020 rock samples reported in this news release were assayed for gold by
Eastern Analytical Ltd. by Fire Assay – AA.
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:
Andrew Job 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 m ining 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, 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 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 perform ance 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