Latest news with #GreatAtlantic
Globe and Mail
7 days ago
- Business
- Globe and Mail
Great Atlantic Trenching Program Underway at 100% Owned Golden Promise Gold Property, Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., has mobilized an excavator to begin trenching at its Golden Promise Gold Property, located in central Newfoundland. Excavator trenching will be conducted within the southwest region of the property in an area of gold anomalies (soil and rock samples). Initial 2024 trenching in this area uncovered bedrock anomalous for gold and copper. To view an enhanced version of this graphic, please visit: 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 initial 2025 trenches will be excavated approximately 4 kilometers northeast of Linda / Snow White gold bearing quartz vein system. To view an enhanced version of this graphic, please visit: Golden Promise Mines Inc. has approval from the Newfoundland and Labrador government for up to seven trenches within this southwest region of the Golden Promise Property, all within Mineral Licence 036105M (see Company News Release of May 21 st, 2025). The approved trenches are in two target areas in this region. The initial trenches will be excavated 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 rock samples anomalous for gold +/- anomalous copper from two trenches in this area during 2024 (see Company News Release of February 12 th, 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). To view an enhanced version of this graphic, please visit: The initial two trenches of the current program will include a trench between the two 2024 trenches and a trench west of 2024 Trench 2. The third and fourth planned trenches will be located further south within approximately 250 meters of 2024 Trench No. 2 in an area of gold soil anomalies (identified during Great Atlantic's 2018 and 2020 exploration programs). Three trenches are also planned during 2025 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 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. Bulk Sample Target Area - Golden Promise To view an enhanced version of this graphic, please visit: David Martin, (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, 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 IR@ ___ Never miss an update! Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more. To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: 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.
Yahoo
21-05-2025
- Business
- Yahoo
Great Atlantic Receives First of Many Pending Permits Underway at Its 100% Owned Golden Promise Gold Property, Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., has received approval from the Newfoundland and Labrador Department of Industry, Energy and Technology for excavator trenching within the southwest region of the Golden Promise Gold Property, located in central Newfoundland. The approval is for up to seven trenches in areas of gold soil anomalies and / or rock samples anomalous for gold. Trenching is planned to begin in June. Golden Promise Mines Inc. Gold Properties - Central Newfoundland(Golden Promise and Adjacent Properties) To view an enhanced version of this graphic, please visit: "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 To view an enhanced version of this graphic, please visit: 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 To view an enhanced version of this graphic, please visit: 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, (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@ miss an update! Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more. LINKEDIN: To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: 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
Yahoo
24-04-2025
- Business
- Yahoo
Great Atlantic Now Completing the Final Guidance Hole While Awaiting the Arrival of the BoreDrill from the Netherlands - 100% Owned Golden Promise Gold Property, Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., has mobilized diamond drilling equipment to its Golden Promise Gold Property to complete one additional pre-bulk sampling hole, partnering with Novamera Inc., at the gold bearing Jaclyn Main Zone (JMZ). The property is located in central Newfoundland. BoreDrill from the Netherlands To view an enhanced version of this graphic, please visit: "We are now drilling the final of three strategically placed guidance holes-this marks the last step necessary to assist in the precise orientation of the BoreDrill prior to commencing our 2,700-tonne bulk sample, which will target material grading over 10.4 grams of gold per tonne. This will be the first time in the world that AI-assisted Surgical Mining™ is deployed using directional drilling with a 2.5-meter-wide BoreDrill. If successful, it will represent a major leap forward-not only for Great Atlantic and our development plans at Golden Promise, but for the broader mining sector as a whole. The custom-built directional drill head is currently en route from Italy, while the BoreDrill itself is on a vessel from the Netherlands. Both are expected to arrive at the port in Newfoundland during the first week of May. We anticipate beginning the bulk sample program within the next couple of months," states CEO Anderson. The hole will be a steep down-dip hole in the area of the planned 2025 bulk sample site at the JMZ. This will be the third and final of three steep down-dip holes in the area of the planned bulk sample program. The first two down-dip holes were completed during December, 2024. Novamera crew at Jaclyn Main Zone To view an enhanced version of this graphic, please visit: This drill hole, as with the two late 2024 drill holes, will utilize Novamera's proprietary Guidance Tool and will be managed by Novamera Inc. Novamera's proprietary Guidance Tool will be again used to provide increased data and knowledge to define the vein's shape, geometry, and continuity. It is used to collect subsurface data to define the geometry of the JMZ vein (s). The Guidance Tool collects data within a 3-4 meter radius of the borehole to create a high-resolution 3D orebody model, which is then used to calculate the optimal drill trajectory for Surgical MiningTM. The hole will be drilled in the west region of the JMZ in the same area as the 2024 drilling program which consisted of eight cross-cutting drill holes and the two steep, down-dip holes. The diamond drilling and planned bulk sample work is fully funded. Golden Promise Mines Inc. has submitted an application to the Newfoundland and Labrador government for the JMZ planned bulk sample program (see Great Atlantic new release of April 10, 2025). Prior to completion of the steep, down-dip drill holes, eight cross-cutting drill holes (GP-24-157 to GP-24-164) were completed during September - October of 2024. These cross-cutting drill holes tested the JMZ at various depths in the area of the planned 2025 bulk sample program. Analytical results for drill core samples received to date for these holes have confirmed high grade gold including the following intercepts (core length) (see Company News Releases of November 19th and December 4th, 2024; and January 8th, January 14th and January 20th, 2025): GP-24-157: 34.47 - 35.00 meters (0.53 meters): 34.87 grams / tonne (g/t) gold GP-24-158: 45.35 - 45.99 meters (0.64 meters): 12.96 g/t gold GP-24-160: 52.19 - 52.43 meters (0.24 meters): 14.76 g/t goldand 78.95 - 79.52 meters (0.57 meters): 19.12 g/t gold GP-24-161: 82.56 - 83.00 meters (0.44 meters): 120.89 g/t goldand 91.80- 93.47 meters (1.67 meters): 13.16 g/t gold GP-24-162: 109.25 - 109.69 meters (0.44 meters): 60.20 g/t gold GP-24-163: 37.00 - 37.80 meters (0.80 meters): 28.02 g/t gold GP-24-164: 54.53 - 55.35 meters (0.82 meters): 42.70 g/t goldand 64.13 - 64.65 meters (0.52 meters): 39.18 g/t gold Golden Promise Mines Inc. Gold Properties - Central Newfoundland(Golden Promise and Adjacent Properties) To view an enhanced version of this graphic, please visit: The 2024 - 2025 diamond drilling discussed in this news release and the planned 2025 bulk sample program at the JMZ is being funded in part by co-investment from DIGITAL, Canada's Global Innovation Cluster for digital technologies, as part of a larger project that aims to support data-driven and digital solutions within the mining sector. The Link to the announcement can be found here. The planned approximately 2700 tonne bulk sample at the JMZ is to be extracted (pending approval by the Newfoundland and Labrador government) using a precision mining method, powered by Novamera's full suite of Surgical MiningTM technologies. The transformative new mining method leverages hardware, software, AI and ML paired with conventional drilling equipment to extract ore at a fraction of the cost of conventional mining methods. Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (inferred 119,900 ounces of gold - uncapped) (see Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, App., and Mr. Larry Pilgrim, Bulk Sample Target Area - Golden Promise To view an enhanced version of this graphic, please visit: 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, (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@ ___Never miss an update!Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more. LINKEDIN: To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: 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 Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Great Atlantic Applies for 2700 Tonne Bulk Sample Permit Targeting a High Grade Area Within Its 119,900 Oz Resource Averaging 10.4 G/T Gold at Jaclyn Main Zone, 100% Owned Golden Promise Gold Property
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., has submitted a bulk sampling application to the Newfoundland and Labrador Department of Industry, Energy and Technology for its Golden Promise Gold Property, located in central Newfoundland. Bulk Sample Target Area - Golden PromiseTo view an enhanced version of this graphic, please visit: The application is for extraction of a bulk sample at the gold bearing Jaclyn Main Zone (JMZ). "With the recent $2.6-billion Equinox-Calibre deal (EQX & CXB) highlighting the strategic value of Newfoundland's gold assets, we are encouraged to be advancing our 22,000 HA Land Package in Great Atlantics wholly owned Sub , Golden Promise Mines Inc which is as close as 1 kilometre from Calibre's Valentine Gold Mine, 24000 HA Land Package putting us right next door to one of the region's largest and most active gold operations. As we move forward with the world's first innovative precision mining initiative being funded by Digital cluster Canada in conjunction with Novamera at the Jaclyn Main Zone, we believe Great Atlantic is well positioned to benefit from the increasing attention and consolidation activity in this high-grade gold district," states - Mr. Anderson, CEO & President. Pending bulk sampling approval, extraction of the planned approximately 2700 tonne bulk sample at the JMZ is planned during the summer of 2025 by Golden Promise Mines Inc. with partner Novamera Inc. using a precision mining method, powered by Novamera's full suite of Surgical MiningTM technologies. The transformative new mining method leverages hardware, software, AI and ML paired with conventional drilling equipment to extract ore at a fraction of the cost of conventional mining methods. Three large diameter drill holes are planned to extract the bulk sample. The planned bulk sampling work at the JMZ will be funded in part by co-investment from DIGITAL, Canada's Global Innovation Cluster for digital technologies, as part of a larger project that aims to support data-driven and digital solutions within the mining sector. The Link to the announcement can be found here. Extraction of the bulk sample is planned in the west region of the JMZ. Golden Promise Mines Inc. completed eight drill holes during September - October of 2024 in the area of the planned bulk sample. All eight holes were drilled on the same northwest - southeast trend to intersect the steeply dipping, east to slightly northeast trending JMZ. The eight holes were designed to target the JMZ between surface and approximately 100 meters vertical depth. Seven of the holes intersected quartz veins with visible gold. Half core samples from these veins included (core length) (see Company news releases of November 19th, 2024, December 4th, 2024, January 8th, 2025, January 14th, 2025 and January 20th, 2025): GP-24-157: 34.47 - 35.00 meters (0.53 meters): 34.879 g/t gold GP-24-158: 45.35 - 45.99 meters (0.64 meters): 12.968 g/t gold GP-24-160: 78.95 - 79.52 meters (0.57 meters): 19.121 g/t gold GP-24-161: 82.56 - 83.00 meters (0.44 meters): 120.890 g/t gold GP-24-161: 91.80 - 93.47 meters (1.67 meters): 13.16 g/t gold GP-24-162: 109.25 - 109.69 meters (0.44 meters): 60.206 g/t gold GP-24-163: 37.00 - 37.80 meters (0.80 meters): 28.023 g/t gold GP-24-164: 54.53 - 55.35 meters (0.82 meters): 42.708 g/t gold GP-24-164 64.13 - 64.65 meters (0.52 meters): 39.180 g/t gold Visible Gold in Quartz Vein in GP-24-160To view an enhanced version of this graphic, please visit: The 2024 drilling was conducted with partner Novamera Inc. Two additional close-spaced drill holes (9th and 10th 2024 drill holes) were completed during December of 2024 in this area of the JMZ. The 9th and 10th drill holes included the use of Novamera's proprietary Guidance Tool, providing increased data and resource knowledge to define the shape, geometry and continuity of the vein. These two steep holes were drilled approximately down - dip of the JMZ and are located in the area of the planned 2025 bulk sample. The Guidance Tool collects data within a 3-4 meter radius of the borehole to create a high-resolution 3D orebody model, which is then used to calculate the optimal drill trajectory for Surgical MiningTM. A third down-dip hole is planned at this site later this month. Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold - uncapped) (see Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, App., and Mr. Larry Pilgrim, Golden Promise Mines Inc. Gold Properties - Central NewfoundlandTo view an enhanced version of this graphic, please visit: 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, (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 Director604-488-3900 Investor Relations:1-416-628-1560IR@ Never miss an update! Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more. LINKEDIN: To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: 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 Sign in to access your portfolio
Globe and Mail
19-02-2025
- Business
- Globe and Mail
Great Atlantic Acquires Nashwaak Lake Tungsten Property, Located Three Kilometers Northwest of Sisson Project Western New Brunswick
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce it has acquired 100% interest (through a purchase agreement) in the Nashwaak Lake Tungsten Property, located in western New Brunswick. The property is located approximately three kilometers northwest of the Sisson Project (tungsten and molybdenum project) of Northcliff Resources Ltd. Tungsten mineralization is reported at the Nashwaak Lake Property including reported 0.443% tungsten (0.558% WO3) over 0.96 meters core length in a 2009 diamond drill hole and 2.03% tungsten (2.55% WO3) for a 2022 rock sample. To view an enhanced version of this graphic, please visit: The Nashwaak Lake Property consists of one mineral claim covering an area of approximately 222 hectares. Great Atlantic's management have compiled historical exploration information for the area of the property from Reports of Work on file with the New Brunswick Department of Natural Resources and Energy Development. These reports document soil and prospecting rock / drill core samples anomalous for tungsten within the area of the Nashwaak Lake Property. Reported highlights include: Three 2009 rock samples (from glacial float) collected by Geodex Minerals Ltd. were reported to exceed 2,000 parts per million (ppm) tungsten with up to 2,140 ppm tungsten (0.214% W or 0.27% WO3) (Martin, 2010). Two 2009 diamond drill holes by Geodex Minerals Ltd. were reported to intersect 3,064 ppm tungsten (0.306% W or 0.38% WO3) over 1.55 meters core length and 4,430 ppm tungsten (0.443% W or 0.55% WO3) over 0.96 meters core length (Martin, 2010). These near-surface intercepts are reported to be within altered granite. A 2016 soil sample collected by Dave Stevens was reported to return a highly anomalous value of 214 ppm tungsten (Steven, 2016). A 2017 rock sample collected by Dave Stevens was reported to return 8,030 ppm tungsten (0.803% W or 1.01% WO3) (Stevens, 2018). The Report of Work indicates this sample to have been collected from glacial float. Great Atlantic recently obtained sample data for rock samples collected by the late Dave Stevens during 2022. A rock sample reported to have been collected from the area of the Nashwaak Lake Property returned 20,300 ppm tungsten (2.03% W or 2.55% WO3). Great Atlantic's management are assuming this sample was collected from glacial float. The Sisson Project of Northcliff Resources Ltd. is located approximately three kilometers southeast of the Nashwaak Lake Property. The Sisson Project hosts the Sisson Tungsten - Molybdenum Deposit. Northcliff reported mineral reserves at the Sisson Deposit of 334.4 million tonnes of proven and probable reserves at 0.066% WO3 and 0.021% Mo and an NSR of $24.15 / tonne (January 2013 at $8.83 / tonne NSR cut-off). Readers are warned that mineralization at the Sison Project is not necessarily indicative of mineralization at the Nashwaak Lake Property. Readers are warned that Great Atlantic has not verified tungsten soil anomalies or tungsten bearing rock samples at the Nashwaak Lake Property as stated in this report. David Martin, (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 Investor Relations: 1-416-628-1560 IR@ Never miss an update! Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more. To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: 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.
