Great Atlantic Resources Corp (TSX-V:GR) said it has received approval from the government of Newfound and Labrador for additional diamond drilling and trenching at its flagship Golden Promise gold property in central Newfoundland.
The approval is for five drill holes and three trenches within the southern region of the property in an area of gold soil geochemical anomalies.
Great Atlantic has not conducted any such diamond drilling or trenching to date in this relatively underexplored area of the Golden Promise property.
The target area is located approximately 3.5 to four kilometres northeast of the Linda-Snow White gold bearing quartz vein system. The area was identified by the company during the 2018 and 2020 exploration programs as containing a zone of gold soil anomalies with an apparent length of at least 500 metres and an apparent width of approximately 90-to-200 metres.
The planned drilling will amount to approximately 1500-2000 metres.
The Golden Promise property is located within the Exploits Subzone of the Newfoundland Dunnage Zone.
Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp (TSX:MOZ). at the Valentine gold project, Sokoman Minerals Corp at the Moosehead gold project and New Found Gold Corp at the Queensway project.