FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Exploration Update Central Newfoundland Gold Properties Central Newfoundland ________________________________________________________ __________
1
FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Exploration Update
Central Newfoundland Gold Properties
Central Newfoundland
________________________________________________________ __________
VANCOUVER, British Columbia – January 11, 2021 - GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce an update of
its 2021 exploration programs at its central Newfoundland gold properties. Work completed during
2021included prospecting and rock – soil geochemical sampling on six properties and two
diamond drilling programs (20 holes – 2,971 meters) at the Golden Promise Property, the
Company’s flagship property.
Drilling at Golden Promise was conducted during the summer at the Jaclyn Zone and the Otter
Brook Gold Showing of which gold assays have only been received to date for two Jaclyn Main
Zone drill holes.
The assays confirmed high
grade gold in quartz veins in
both drill holes with intercepts
(core length) of 238 grams /
tonne (G/T) over 0.40 meters in
hole GP -21-149; and 75.5
grams / tonne (g/t) gold over
0.35 meters and 20.1 g/t gold
over 0.50 meters in hole GP-21-
150 (see Company News
Releases of November 9 th and
December 3rd, 2021).
Visible gold is evident in quartz
veins in both drill holes.
Quartz Vein in GP-21-149 with Visible Gold (238 g/t gold over 0.40 meters core length)
2
Drill core from the 8-hole 2021 drilling program at the Jaclyn Zone has been geologically logged
and sampled at a secure facility in central Newfoundland. Drill core samples from each hole, along
with standard and blank samples, have been submitted to Eastern Analytical Ltd. for gold assay
and multi-element analysis. Gold assays and multi-element analyses are pending for drill core
samples from six drill holes (GP -21-151 GP-21-156). Each of these six drill holes intersected
quartz veining with +/- sulfide mineralization with visible gold evident in quartz veins in four of
these holes (see Company News Releases of July 28th, August 4th, 17th and 26th). Drill holes GP-
21-149 to GP-21-153 were definition holes at the Jaclyn Main Zone while drill holes GP-21-154
to GP-21-156 were exploration holes at the Jaclyn North Zone. The Jaclyn Zone is located within
the northern region of the Golden Promise Property. Eastern Analytical Ltd., located in Springdale,
Newfoundland, is independent of Great Atlantic.
3
Quartz Veined Interval in GP-21-153 with Visible Gold
Great Atlantic personnel are logging and sampling drill core from the recently completed 12-hole
diamond drilling program at the Otter Brook Gold Showing, located in the east region of the
Golden Promise Property. The drilling program was conducted during September – November.
Quartz and / or carbonate veins with semi -massive sulfide s (pyrite +/ - chalcopyrite) were
intersected in four drill holes and similar veins with lesser amounts of sulfide mineralization
intersected in 10 holes (see Company News Release of November 3rd, 20210.
Quartz-carbonate vein with semi-massive sulfides (pyrite and chalcopyrite) in hole OB-21-008
4
Great Atlantic conducted prospecting and rock – soil geochemical sampling during 2021 at six
gold properties in central Newfoundland. This work began in May and was completed in mid-
December. This included the Golden Promise, Southwest Golden Promise, West Golden Promise,
East Golden Promise, South Golden Promise and Lynx properties.
Most r ock and soil samples collected during 2021 at these properties have been submitted to
Eastern Analytical Ltd. for gold assay and multi -element analysis. Analytical results have been
received for soil and rock samples collected at Golden Promise and rock samples collected at Lynx.
Local soil samples in the central and northern regions of the Golden Promise Property returned
anomalous gold values with 5 scattered samples returning anomalous values in the 12-24 parts per
billion (ppb) range. Great Atlantic plans follow -up prospecting and rock – soil geochemical
sampling at these sites during 2022. Gold assays and multi-element analyses are pending for rock
and soil samples collected in the southern region of the Golden Promise Property and West Golden
Promise, East Golden Promise, South Golden Promise and Lynx Properties. The gold assays are
by Fire Assay – AA.
A Qualified Person managed and supervised the 2021 expl oration programs at the Company’s
central Newfoundland gold properties.
5
Great Atlantic’s central Newfoundland gold properties are located within a region of recent
significant gold discoveries. These properties are located within the Exploits Subzone of the
Newfoundland Dunnage Zone. 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
Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of
mineralization at Great Atlantic’s central Newfoundland gold properties. 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 "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Office
Investor Relations: Andrew Job 1-416-628-1560 IR @ GreatAtlanticResources.com
6
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 criti cal 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 histor ical 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 ar e 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