Great Atlantic Resources Corp (TSX-V:GR) announced that it has received analytical results for soil samples collected during 2022 at its 100% owned Golden Trust property in Newfoundland, with scattered samples from the northern region of property returning anomalous gold values in the 5-72 parts per billion (ppb) range.
The Canadian exploration company said initial 2020 reconnaissance soil sampling identified gold soil anomalies in the northern region, with samples collected adjacent to a trail returning up to 52 ppb gold.
Great Atlantic noted that 53 soil samples were collected during the 2022 program along two north-south sample lines east and west of the 2020 samples, 10 of which returned anomalous values of 5-72 ppb gold and five samples returned 10-72 ppb gold.
READ: Great Atlantic Resources releases encouraging sample results from its Golden Promise gold property in Newfoundland
The company added that based on 2020 and 2022 soil geochemical sampling, its management has identified a target area for future gold exploration of at least 700 meters (m) by 300m within the northern region of the Golden Trust property.
As well, Great Atlantic said it is planning additional soil geochemical sampling and prospecting - rock geochemical sampling during 2023 within and adjacent to this target area.
The Golden Trust property is located one kilometre (km) north of the Marathon Gold Corp (TSX:MOZ)’s Valentine gold project and about 44 km southwest of Great Atlantic's flagship Golden Promise property, according to the company.
Vancouver-based Great Atlantic is a Canadian project generation company focused on the discovery and development of mineral assets in Atlantic Canada.
Contact Sean at sean@proactiveinvestors.com