FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Receives Additional Trenching Permit 100% Owned Golden Promise Gold Property Central Newfoundland
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Receives Additional Trenching Permit
100% Owned Golden Promise Gold Property
Central Newfoundland
VANCOUVER, British Columbia January 18, 2024 - GREAT ATLANTIC RESOURCES
CORP. ( TSXV.GR) (the “Company” or “Great Atlantic”) , is pleased to announce it has
received approval for additional trenching at its flagship Golden Promise Gold Property located in
the central Newfoundland gold belt. The new trenching permit is for the southern region of the
property in an area of reported geophysical anomalies.
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The new approval is for up to five excavator trenches within Mineral Licences 036105M in the
southern region of the Golden Promise P roperty to test an area of reported magnetic and
electromagnetic geophysical anomalies reported northeast of the Gabbro Zone G old
Occurrence. The geophysical anomalies in this area were identified during a 2003 airborne
geophysical survey by Rubicon Mineral Corp. Great Atlantic confirmed gold mineralization at
the Gabbro Zone Gold Occurrence during 2019 (see Company News Release of January 20,
2020) including grab samples of quartz veins cutting g abbro returning 0.80 and 1.11 grams /
tonne gold.
The five trenches approved are also within the area of the reported contact of the Stanley Waters
Formation and the Lawrence Harbour Formation (Rogers et al., 2005), both part of the Victoria
Lake Supergroup within the Exploits Subzone. Some gold bearing quartz veins within the Golden
Promise Property are located near the reported contact of these two formations including the Jaclyn
Zone, Shawn’s Shot and the Linda / Snow White gold bearing quartz veins / vein systems. Great
Atlantic is planning to conduct this trenching program during the 2024 field season.
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The Golden Promise Property is located within the Exploits Subzone of the Newfoundland
Dunnage Zone. 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 m ineralization
on Great Atlantic’s gold properties in this region.
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
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 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