Great Atlantic Commences 2018 Exploration Program Golden Promise Gold Property Central Newfoundland ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
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Great Atlantic Commences 2018 Exploration Program
Golden Promise Gold Property
Central Newfoundland
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – May 29, 2018 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the
“Company” or “Great Atlantic”) is pleased to announce it has commenced the 2018 exploration
program, beginning at its Golden Promise Gold Property, located in central Newfoundland. The
Company is also planning exploration during 2018 at other properties, including its South Quarry
Tungsten and Pilley’s Island Precious – Base Metal Properties in Newfoundland and its Keymet Precious
– Base Metal and Mascarence Cobalt – Copper – Nickel – Gold Properties in New Brunswick.
The Company has commenced a program of prospecting and rock – soil geochemical sampling at the
Golden Pro mise Gold Property targeting multiple areas. Gold - bearing quartz veins are reported in
multiple areas of the Property , including at least 4 gold - bearing quartz vein systems reported in one
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zone referred to as the Jaclyn Zone. The Company is currently exploring select areas for additional gold-
bearing quartz veins. Th ese include areas of gold- bearing float identified by the Company in 2017, soil
geochemical anomalies identified by the Company in 2017, and favourable areas based on reported
bedrock geology and reported historical airborne geophysical data. Quartz float samples collected by the
Company during 2017 in one target area (referred to as the Branden Zone) in the northern region of the
Property returned 57.2 and 200 grams / tonne (g/t) gold (News Release of August 28 , 2017) . The
Company is exploring the southern region of the Property including areas peripheral to the Shawn’s Shot
quartz vein. A 0.32 meter long chip sample collected across the vein by the Company in 2017 returned
48.2 g/t gol d (news Release of August 28, 2017). The Golden Promise P roperty is located southwest of
the town of Badger and approximately 5 5 kilometres northeast of the Valentine Lake Property of
Marathon Gold Corp.
A portion of sample GP-R-17-30 with visible gold (sample returned 200 g/t Au – 5.8 oz./ton Au)
Much of the reported historical exploration at the Golden Promise Property has been focused on the
Jaclyn Zone in the northern half of the Property, with gold - bearing vein systems reported at Jaclyn
Main, Jaclyn East, Jaclyn West, Jaclyn North and Jaclyn South Sub -zones. M ost historic work was
conducted at the Jaclyn Main Zone. Reported d iamond drilling intercepts (meters) at the Jaclyn Main
Zone include:
GP02-01: 16.57 g/t Au over 2.55 m core length(1.64 m estimated true thickness)
GP02-09: 7.05 g/t Au over 4.90 m core length (2.22 m estimated true thickness)
GP06-52: 93.71 g/t Au over 1.40 m core length (1.25 m estimated true thickness)
GP07-91: 141.21 g/t Au over 0.45 m core length (0.33 m estimated true thickness)
GP07-92: 10.41 g/t Au over 4.70 m core length (1.60 m estimated true thickness)
Gold recovery from a reported 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was
reported to average 4.47 g/t Au. The average tails grade for the sample was reported to be 1.12 g/t Au.
A “back-calculated head grade of 5.59 g/t Au” was reported for the bulk sample.
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Jaclyn West (Christopher) Vein at historic trench
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Readers are warned that historical records referred to in this News Release have been examined but not
verified by a qualified person. Further work is required to verify that historical assays referred to in this
News Release are accurate.
David Martin, P.Geo., a Qualified Person as defined by NI 43 -101, is resp onsible for the technical
information contained in this News Release.
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 critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
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:
Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free –888-280-8128
E-mail: [email protected]
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 develo pments 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 a vailability 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