Great Atlantic Resources Corp (TSX-V:GR) said it is positioned to leverage its extensive exploration data as it anticipates a year of continued success and discovery in 2024.
The company explored eleven properties in Newfoundland and five in New Brunswick in 2023, focusing on various commodities, including gold, silver, antimony, copper, lead, zinc, cobalt, nickel, tungsten, and vanadium.
"It has been a busy and challenging 2023, but we have successfully managed to address all the requirements across various projects in our portfolio,” CEO Christopher Anderson said in a statement.
“We anticipate encouraging results, as the season has unearthed various new targets and showings in both the precious metals and rare element fronts.”
During 2023, the company gathered a total of 566 rock samples and 91 soil samples across its properties. The rock samples are undergoing analytical assessment, with results shortly, according to Great Atlantic.
Notably, almost half of the rock samples, approximately 46%, were acquired from Great Atlantic's flagship Golden Promise gold property in central Newfoundland.
The company is “especially encouraged” by the expansion of the new Gold Targets identified at Golden Promise, Anderson added. The Keymet precious and base metals project in New Brunswick continues to deliver positive results, particularly in the new trending gold zone, according to the CEO.
“With all the samples we have in the lab, I am sure we can expect a gem or two in the pipeline of news results we have to look forward to,” said Anderson. “Regardless, we are all very much looking forward to a productive 2024."