Mr. Christopher Anderson reports
GREAT ATLANTIC STAKES MILLERTOWN JUNCTION GOLD PROPERTY COVERING AREA OF REPORTED GOLD BEARING QUARTZ BOULDERS - CENTRAL NEWFOUNDLAND
Great Atlantic Resources Corp.'s wholly owned subsidiary, Golden Promise Mines Inc., has staked a mineral licence (Millertown Junction Road property) in central Newfoundland with reported gold-bearing quartz float boulders. The property is located adjacent to and west of the company's flagship Golden Promise gold property.
The Millertown Junction Road property (mineral licence 038598M) is located immediately west of the Golden Promise property. It covers an area of 425 hectares. C2C Gold Corp. reported the discovery of quartz float with visible gold during 2022 within what was referred to as the Atlas zone. C2C reported quartz float samples from this zone to return 5.0 grams per tonne gold and 5.37 g/t gold. C2C reported the Atlas zone to be located approximately 2.5 kilometres southwest of the gold-bearing Jaclyn zone, which is located within the Golden Promise property.
The company's Golden Promise property covers an area of 16,525 hectares, and hosts multiple gold-bearing quartz veins/quartz vein systems and gold-bearing quartz float. The Jaclyn Main zone is the most advanced of the quartz vein systems. Great Atlantic discovered a gold-bearing quartz float boulder during 2022 within the west region of the Golden Promise property, of which samples included 1.83 g/t gold, 4.64 g/t gold and 3.42 g/t gold (see company news releases of Jan. 18, 2023, and March 12, 2024). Great Atlantic has yet to confirm the source of this boulder. The boulder is located approximately 200 metres east of the east boundary of the Millertown Junction Road property.
Readers are warned that neither Great Atlantic nor Golden Promise has confirmed gold-bearing float within the Millertown Junction Road property. Golden Promise is planning a program of prospecting and rock geochemical sampling during the 2025 field season within the property being focused in the area reported as the Atlas zone by C2C.
David Martin, PGeo (New Brunswick and Newfoundland and Labrador), a qualified person as defined by National Instrument 43-101, vice-president, exploration, for Great Atlantic, is responsible for the technical information contained in this news release.
About Great Atlantic Resources Corp.
Great Atlantic 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 No. 1 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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