Great Atlantic Resources Corp (TSX-V:GR) told investors that multiple rock samples collected at its East Golden Promise gold property have returned anomalous values for gold.
Announcing the receipt of gold assays for rock samples collected during 2022 prospecting at the central Newfoundland property, Great Atlantic said 22 samples were collected during the program from bedrock exposures, loose rock fragments near bedrock and float boulders.
Eight rock samples returned anomalous gold values in the 0.010 to 0.084 parts per million (ppm or grams per tonne) range.
READ: Great Atlantic Resources planning more work at west-central region of Keymet property after gold bedrock discovery
The company said rock samples from bedrock and loose rock near bedrock from a small area less than 10 square meters returned the highest gold values.
Sample 431804 from bedrock of meta-sandstone with quartz veins and sulfide mineralization returned 0.044 ppm gold.
Samples 431806 and 431807 from loose rock (meta-sandstone with quartz veins and sulfide mineralization) near bedrock returned gold values of 0.073 ppm gold and 0.084 ppm gold.
“Great Atlantic collected soil samples in this area during 2022 of which the analytical results are pending, the company does anticipate expanding the grid in 2023 if results are also anomalous,” the company said in a statement.
Great Atlantic said it is planning further focused work at the East Golden Promise property during 2023, focusing on the east region of the property with the area of samples 431804, 431806 and 431807 being a priority. Additional soil and rock geochemical sampling are planned and, pending results of this work, trenching will also be undertaken, it said.
Vancouver-based Great Atlantic is a project generator focused on Atlantic Canada, with a special focus on gold, copper, zinc, nickel, cobalt, antimony and tungsten.
The East Golden Promise Property is located immediately east of the company's Golden Promise property, which host gold bearing quartz veins and quartz vein systems.
Contact the author at stephen.gunnion@proactiveinvestors.com