Great Atlantic Receives First of Many Pending Permits Underway at Its 100% Owned Golden Promise Gold Property, Central Newfoundland
Golden Promise Mines Inc. Gold Properties - Central Newfoundland(Golden Promise and Adjacent Properties)
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"The 2025 field season is off to a strong start. We're actively mobilizing crews and equipment in preparation for the upcoming bulk sample at the Jacklyn Main Zone. The bore drill has arrived in NFLD and is currently awaiting clearance at customs-Cadillac problems, as they say. With multiple work fronts opening up, investors can look forward to a steady stream of meaningful updates throughout what promises to be a very active and productive season," states Anderson, CEO.
The trenching approval allows for up to seven trenches in the southwest region of the Golden Promise Property within Mineral Licence 036105M. The approved trenches are in two target areas in this region.
Four trenches are initially planned in June within an area of gold soil anomalies (up to 77 parts per billion gold (ppb)) and anomalous gold (+/- anomalous copper) in rock samples (glacial float, subcrop and bedrock) based on previous sampling by Great Atlantic and Golden Promise Mines Inc. Golden Promise Mines Inc. collected anomalous rock samples from two trenches in this area during 2024 (see Company News Release of February 12th, 2025), including:
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)
2025 Planned Trenches at Golden Promise
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Three trenches are also planned approximately one kilometer further north in an area of gold soil anomalies identified during 2024 along a reconnaissance soil sampling traverse, including three consecutive samples (approximately 25 meters sample spacing) which returned anomalous gold values of 44 ppb, 53 ppb and 83 ppb. Some 2024 soil samples in this area also returned anomalous values for copper (up to 121 parts per million (ppm)), molybdenum (up to 44 ppm) and antimony (up to 28 ppm).
The Golden Promise Property hosts gold bearing quartz veins in various regions of the property, including the Jaclyn Zone quartz vein systems, Shawn's Shot quartz vein, Otter Brook occurrence, Linda / Snow White quartz vein system and the Gabbro Zone occurrence. The 2025 trenching program will be conducted approximately 3.8 to 4.8 kilometers northeast of Linda / Snow White gold bearing quartz vein system.
Bulk Sample Target Area - Golden Promise
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The Golden Promise Property is the largest and most advanced of six central Newfoundland gold properties owned by Golden Promise Mines Inc. and located within the Exploits Subzone of the Newfoundland Dunnage Zone. One of these properties (Golden Trust) is located within one kilometer of the Valentine Gold Mine of Calibre Mining Corp., 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 or any of the other central Newfoundland gold properties of Golden Promise Mines Inc.
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. AndersonPresident CEO Director604-488-3900Investor Relations:1-416-628-1560IR@GreatAtlanticResources.comNever miss an update!
Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more.
LINKEDIN: https://ca.linkedin.com/company/greatatlanticresourcesX: https://x.com/GreatAtlResFACEBOOK: https://www.facebook.com/GreatAtlanticResourcesINSTAGRAM: https://www.instagram.com/greatatlanticresources/YOUTUBE: https://www.youtube.com/@GreatAtlanticTV/TIKTOK: https://www.tiktok.com/@greatatlanticresources
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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.
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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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252807
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The technical information related to the mineral resource estimate in this news release has been reviewed and approved by independent QP Susan Lomas, LGGC completed an audit of the project drill hole database, a review of the QAQC data for the assay results and a visit to the project site and determined the drill hole data to be of sufficient quality to support the estimation of mineral resources. About Pacific Ridge A Fiore Group company, Pacific Ridge's goal is to become British Columbia's leading copper exploration company. The Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure, is the Company's flagship project. In addition to Kliyul, Pacific Ridge's project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in B.C. 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Forward-looking statements in this news release include the filing of the NI 43-101 report, infill drilling and resource expansion drilling at KMZ, drill testing other Kliyul target areas, and metallurgical test work. Although Pacific Ridge 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. 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