Great Atlantic Receives Diamond Drilling Permits Golden Promise Gold Property in Central Newfoundland _______________________________ _______ FOCUSED ON EXPLORING ATLANTIC CANADA
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Great Atlantic Receives Diamond Drilling Permits
Golden Promise Gold Property
in Central Newfoundland
_______________________________ _______
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – September 14, 2017 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR)
(the “Company” or “Great Atlantic”) is pleased to announce it has received a permit for diamond drilling
from the Newfoundland and Labrador Dept. of Natural Resources for its Golden Promise Gold Property
in central Newfoundland . The permit allows for up to 8,000 meters of drilling and 48 drill holes. This
permit expires on July 26, 2018. Multiple gold bearing quartz veins occur within the permit area
including the Jaclyn Main, Jaclyn North, Jaclyn South and Jaclyn West Zones. The Company is planning
to commence the first phase of drilling in early October, focusing on the Jaclyn Main Zone and area east
of and along strike of the Jaclyn North Zone, including areas of high grade gold bearing quartz boulders.
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Phase I drilling will include the Jaclyn Main Zone, located in the northern region of the property. Most of
the historic work was conducted at the Jaclyn Main Zone . A National Instrument 43 -101 compliant
inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold)
was reported in 2008 for the Jaclyn Main Zone. 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. The Jaclyn Main Zone h as been reportedly traced for a strike length of
approximately 800 meters (northeast to east striking) through trenching and diamond drilling to
approximately 420 meters vertical depth.
Jaclyn Main Zone – 2010 Bulk Sample Area
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The second area of focus during Phase I drilling is the Jaclyn North Zone, reported approximately 250
metres north of the Jaclyn Main Zone. Drill holes are planned to test the extension of Jaclyn North Zone
along its projected strike to the east. Recent tr enching in this area revealed thick overburden
(predominantly greater than 3 or 4 metres in recent trenches). Gold bearing angular quartz bounders
were discovered in till within these trenches including multiple high grade boulders in one trench
approximately 260 meters east of the eastern -most historic Jaclyn North drill hole. Grab samples of
boulders from this trench returned 3 1.96, 78.05, 163.99 and 332.67 g/t gold (9.7 oz./ton gold) (News
Release of August 31, 2017 ). The area of this particular trench i s a high priority target for the Company
and will be tested during the Phase I drilling.
The northeast striking Jaclyn North Zone has been reportedly traced by diamond drilling (13 holes) for
approximately 450 meters and locally to a vertical depth of 175 meters. The zone is reported to contain
3 quartz veined sub-zones. Reported drill intersections include (core length):
• GP03-32: 12.13 g/t Au / 0.35m & 12.30 g/t Au / 0.30m
• GP07-76 (Upper Sub-zone): 11.28 g/t Au / 0.30m
• GP06-51 (Middle Sub-zone): 5.24 g/t Au / 1.70
• GP06-47 (Lower Sub-zone): 15.23 g/t Au / 0.30m
• GP10-103: 6.19 g/t Au / 0.35m
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The 2008 NI 43-101 Technical Report states the style of veining, mineralization, alteration, host rock and
tectonism at Golden Promise most closely resembles other turbidite-hosted (or slate belt) gold deposits
throughout the world.
Access is excellent with a paved provincial highway transecting the property. The property is located
near the town of Badger and approximately 50 kilometr es northeast of the Valentine Lake Property of
Marathon Gold Corp.
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 a ssays referred to in this
News Release are accurate.
David Martin, P.Geo., a Qualified Person as defined by NI 43 -101, is responsible for the technical
information contained in this News Release.
About Great Atlantic Resources Corp.: Great Atlantic Reso urces 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 s urging 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
“Lorne Mann”
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