FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Identifies Additional Gold Soil Anomalies at its 100% Owned Golden Trust Property 1 km North of Valentine Gold Project of Marathon Gold Corp.
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Identifies Additional Gold Soil Anomalies
at its 100% Owned Golden Trust Property
1 km North of Valentine Gold Project of Marathon Gold Corp.
Central Newfoundland
VANCOUVER, British Columbia- February 17, 2023 - GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has
received analytical results for soil samples collected during 2022 at its 100% owned Golden Trust
Property, located within central Newfoundland and one kilometer north of the Valentine Gold
Project of Marathon Gold Corp. (TSX.MOZ). Scattered 2022 samples from the northern region
of the Golden Trust Property returned anomalous gold values in the 5-72 parts per billion (ppb)
range. Initial 2020 sampling identified gold soil anomalies in this area.
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The 2022 reconnaissance soil sampling program was conducted within the northern region of the
Golden Trust Property. The initial 2020 reconnaissance soil sampling identified gold soil
anomalies in this region of the property with samples collected adjacent to a trail returning up
to 52 ppb gold (see Company news release of January 27, 2021). Fifty-three soil samples were
collected during the 2022 program along two north -south sample lines east and west of the 2020
samples. Ten of the 53 soil samples (approximately 19% of the samples) returned anomalous
values of 5-72 ppb gold of which five samples (approximately 9% of the samples) returned 10-
72 ppb gold.
Based on 2020 and 2022 soil geochemical sampling, Great Atlantic management have identified
a target area for future gold exploration of at least 700 meters by 300 meters within the northern
region of the Golden Trust Property. Great Atlantic is planning a dditional sol geochemical
sampling and prospecting – rock geochemical sampling during 2023 within and adjacent to this
target area. The Golden Trust Property (2,400 hectares) is relatively under-explored. Great Atlantic
management have not found any reports of diamond drilling within the property.
The 2020 and 2022 soil samples reported in this news release were analyzed by Eastern Analytical
Ltd. The samples were analyzed for gold by fire assay – atomic absorption (AA) and for 34
elements by four acid – ICP-OES. Great Atlantic is independent of Eastern Analytical Ltd. The
2020 and 2022 exploration program at Golden Trust were supervised by a Qualified Peron.
Key points for the Golden Trust Property include:
• Located 1 km north of the Valentine Gold Project of Marathon Gold Corp. and
approximately 44 km southwest of Great Atlantic’s flagship Golden Promise Property.
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• Located w ithin the prospective Victoria Lake Supergroup which hosts numerous
epigenetic gold & volcanogenic massive sulfide occurrences (including the Duck Pond
base metal/precious metal deposit).
• Located w ithin the Exploits Subzone of the Dunnage Zone and east of a major
(Appalachian-scale) collisional boundary, and suture zone.
• Government till samples (2008) returned elevated to anomalous values for gold in
various regions of the Golden Trust Property.
Readers are warned that mineralization at the Valentine Gold Project and Golden Promise Property
and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization within
the Golden Trust Property.
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”
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Mr. Christopher R. Anderson
President CEO Director
604-488-3900 – Office
Investor Relations: 1-416-628-1560 IR @ GreatAtlanticResources.com
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.
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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