Great Atlantic Resources Corp (TSX-V:GR) has officially received approval from the Newfoundland and Labrador government for diamond drilling at its Golden Promise property.
The approval covers up to 33 drill holes at the gold-bearing Jaclyn zone, the company said.
The goals of the planned 2023 drill program are to increase inferred gold resources at the Jaclyn main zone (JMZ), test a target immediately north of the JMZ and define and test the continuation of gold-bearing veins at the Jaclyn north zone (JNZ).
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The drilling approval allows up to 12 drill holes at the JMZ, including four holes to test the western extension of the JMZ and eight holes to test the extension of the JMZ to the east and down dip.
Great Atlantic intersected high-grade veins at the JMZ during the 2019-2021 drilling programs.
Five drill holes have been approved immediately north of the JMZ to test for gold-bearing quartz veins along an apparent northeast striking structural zone that connects with the JMZ.
Meanwhile, 16 drill holes have been approved at the JNZ. These include six definition drill holes in close proximity to Great Atlantic's drill holes and pre-Great Atlantic historic drill holes and ten drill holes to test the continuation of the JNZ gold-bearing vein system to the east-northeast.
Diamond drilling by Great Atlantic during 2020 and 2021 indicated the JNZ gold-bearing vein system to be open to the east-northeast. The two easternmost drill holes intersected gold-bearing veins including 3.88 grams per ton (g/t) of gold over 0.37 meters (m) core length in GP-20-148 and 30.6 g/t gold over 0.41m core length in drill hole GP-21-156.
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.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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