Great Atlantic Resources Corp (TSX-V:GR) said it has been approved for additional trenching at its flagship Golden Promise gold property in the central Newfoundland gold belt.
The new trenching permit is for up to five excavator trenches in the southern region of the property and is aimed at testing an area of reported magnetic and electromagnetic geophysical anomalies reported northeast of the Gabbro Zone Gold Occurrence.
The anomalies were identified during a 2003 airborne geophysical survey by Rubicon Mineral Corp and Great Atlantic confirmed gold mineralization at the Gabbro Zone Gold Occurrence in 2019, including grab samples of quartz veins cutting gabbro returning 0.80 and 1.11 grams per tonne gold.
The company noted that the five approved trenches are also located in the area where the Stanley Waters Formation and Lawrence Harbour Formation meet.
Supergroup in the Exploits Subzone. The Golden Promise property has gold-bearing quartz veins — such as the Jaclyn Zone, Shawn's Shot, and the Linda/Snow White systems — near the reported contact of these two formations.
The company said it plans to conduct this trenching program during the 2024 field season.