Great Atlantic Commences 2026 Field Program to Advance High Priority Targets at Golden Promise Central Newfoundland Gold Belt
Great Atlantic Commences 2026 Field
Program to Advance High Priority Targets at
Golden Promise
Central Newfoundland Gold Belt
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) -
GREAT ATLANTIC RESOURCES
CORP. (TSXV: GR) (the "Company" or "Great Atlantic")
is pleased to announce that its wholly
owned subsidiary Golden Promise Mines Inc. ("Golden Promise Mines") has begun the 2026 exploration
program at its Golden Promise Gold Property, located in the central Newfoundland gold belt.
Prospecting and geochemical sampling are underway within the southwest region of the property in an
area of gold geochemical anomalies (soil and rock samples).
GR Team at Golden Promise Property — 2026 Prospecting and Rock Geochemical Sampling
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"The 2026 program at Golden Promise is fully underway,"
states Anderson, CEO of Great Atlantic
Resources Corp.
"We are advancing on multiple fronts simultaneously — trenching and follow-up
sampling across high-priority gold and copper targets in the southwest, expanded work programs
across the east-central licences, and continued evaluation of the Jaclyn, Linda/Snow White and
Gabbro zones. Golden Promise sits in one of the most prospective gold belts in North America, and
we believe this property has the geological footprint to deliver meaningful discoveries. Shareholders
can expect a steady stream of news flow as the season progresses."
Gold bearing quartz veins and 2026 Planned Trenching Programs — Golden Promise Property
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Prospecting and rock geochemical sampling are currently being focused within an approximately one
kilometer by a half kilometer target area within the southwest region of the Golden Promise Property
(within Licence 036105M). Within the northern part of this target area is an area of soil geochemical
anomalies identified by Golden Promise Mines during 2024 reconnaissance sampling.
The 2024
sampling along a reconnaissance traverse included anomalies for gold (up to 83 parts per billion
(ppb)), silver (up to 3.9 parts per million (ppm)), molybdenum (up to 44 ppm), antimony (up to 28
ppm), copper (up to 121 ppm) and vanadium (up to 920 ppm).
The 2024 soil samples were analyzed
by Eastern Analytical Ltd. for gold by Fire Assay – and multi-element by four acid digestion and ICP-
OES analysis.
The Company is planning three trenches in this area of these soil anomalies
during May and June of 2026
(see Company news release of April 10
th
, 2026). Additional soil
samples were collected during 2025 within this area of which the analytical results are pending.
Within the southern part of this target area are gold soil geochemical anomalies and gold bearing rock
samples identified by Great Atlantic and Golden Promise Mines including gold bearing rock samples
collected from two 2024 trench sites (see Company news release of February 12
th
, 2025).
These samples included:
2024 Trench #1:
309464 (float): 0.964 grams / tonne (g/t)gold
309466 (subcrop): 0.463 g/t gold and 4,287 ppm copper (0.428% Cu)
309469 (outcrop): 0.481 g/t gold, >6.0 g/t silver and >10,000 ppm copper (> 1% Cu)
2024 Trench #2:
309472 (float): 0.420 g/t gold
309473 (outcrop): 0.323 g/t gold
309474 (float): 0.196 g/t gold and 5,370 ppm copper (0.537% Cu)
Planned 2026 Trenches — Golden Promise Property (southwest region)
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2024 Trench Location Map — Golden Promise Property (southwest region)
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Golden Promise Mines conducted excavator trenching during 2025 within Licence 036105M of which
two trenches were excavated adjacent to 2024 trenches 1 and 2. Analytical results are pending for 40
rock samples collected within and adjacent to the 2025 trenches.
Planned prospecting and rock – soil geochemical sampling in June will focus on the east-central region
of the Golden Promise Property within an area of reported gold geochemical anomalies (rock and soil
samples) within Mineral Licence 034704M. Trenching is also planned for this area in June with up to five
trenches planned (see Company news release of April 10
th
, 2026).
Some rock samples collected by
Rubicon Mineral Corp. during 2002-2005 in this target area were reported to yield anomalous
gold values including two quartz vein float samples reported to return gold values of 168 ppb
and 109 ppb and a siltstone float sample reported to return 431 ppb gold (0.431 g/t) (Copeland
and Newport, 2004; and Copeland and Newport, 2005).
Anomalous soil samples from this target
area included a sample reported to return 184 ppb gold (Copeland and Newport, 2005).
Neither
Great Atlantic nor Golden Promise Mines Inc. have verified these anomalous samples.
2026 Prospecting and Rock Geochemical Sampling — Golden Promise Property
(oxidized and sulfide bearing float boulder)
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2026 Planned Trench Map - Golden Promise Property (east-central region)
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Planned prospecting and rock +/- soil geochemical sampling will include at least 10 other mineral
licences within the Golden Promise Property, being conducted in target areas for gold exploration
identified by Company management. This will include work in the southern area of the property in the
areas of the Linda / Snow White and Gabbro Zone gold occurrences; and the central to northern regions
of the property including peripheral to Jaclyn Zone gold bearing quartz vein systems.
The Golden Promise Property hosts gold bearing quartz veins in various regions of the property
including the Jaclyn Zone, Shawn's Shot vein, Otter Brook showing, Linda / Snow White quartz vein
system and the Gabbro Zone occurrence.
Great Atlantic reported a National Instrument 43-101
compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500
tonnes at 10.4 g/t gold (119,900 inferred ounces of gold - uncapped).
The Golden Promise Property is located within the Exploits Subzone of the Newfoundland Dunnage
Zone.
The Golden Promise Property is located approximately 50 kilometers northeast of the
Valentine Gold Mine of Equinox Gold Corp.
(
TSX: EQX) (NYSE: EQX) which is also located
within the Exploits Subzone.
Readers are warned that mineralization at the Valentine Gold Mine is not
necessarily indicative of mineralization at the Golden Promise Property.
Please see the Company's website for news releases reporting previous work on the Golden Promise
Property. Previous 2017-2025 programs at Golden Promise were supervised by a Qualified Person.
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, reviewed and approved 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
Investor Relations:
1-416-628-1560
___
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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 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,
Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.
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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/296337