Contracts Rig For 2021 Phase 2 Diamond Drilling Campaign
Great Atlantic Resources Corp. (TSXV:GR) has signed a contract with Rally Drilling Services for 2021 diamond drilling at its Golden Promise Gold Property, located in the central Newfoundland gold belt.
Phase 2 diamond drilling is scheduled to resume immediately at the gold bearing Jaclyn Zone, specifically at the Jaclyn Main Zone and Jaclyn North Zone.
The company reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).
Great Atlantic is planning to resume Phase 2 drilling with up to 33 drill holes at the gold bearing Jaclyn Zone.
This includes up to 15 drill holes at the Jaclyn Main Zone and up to 18 drill holes at the Jaclyn North Zone for approximately 5,000m.
This includes in-fill drill holes within different part of the Jaclyn Main Zone, the objective to provide further definition of the zone and provide information for an updated resource estimate.
Most of these holes are planned within the central to west region of the zone, testing above 200 meters vertical depth.
Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200-350m vertical depth.
Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55m, 61.35 g/t gold over 2.04m and 15.8 g/t gold over 2.70m plus an interval of multiple gold bearing veins in one drill hole averaging 2.30 g/t gold over 25.25m.
The planned drilling at the Jaclyn North Zone will further test the area east of historic drill holes including the area of an approximately 300 meters long zone of gold-bearing quartz vein boulders.
Three drill holes completed by the company during 2020 Phase 2 drilling intersected gold bearing quartz veins and extended the Jaclyn North quartz vein system approximately 260m east of historic drilling.
The company collected gold bearing quartz boulder samples in this area during 2017 (including samples returning 163, 208 and 332 grams / tonne (g/t) gold) and 2020 (including samples returning 17.4, 26.7 and 157.6 g/t gold).
Great Atlantic is also planning diamond drilling at the Otter Brook gold showing, located in the east region of the Golden Promise Property. The company confirmed gold mineralisation at the Otter Brook showing during 2020. Eight of 11 rock samples (float and outcrop) collected at this showing during 2020 exceeded 0.7 g/t gold including an outcrop grab sample returning 5.7 g/t gold.
Great Atlantic has applied for a diamond drilling permit for up to 12 drill holes at this showing with holes planned under gold bearing outcrop and along the projected strike of the zone.
The Golden Promise Property is located within a region of recent significant gold discoveries, including those of Marathon Gold Corp. at the Valentine Gold Project, Sokoman Minerals Corp. at the Moosehead Gold Project and New Found Gold Corp. at the Queensway Project.
For further information please visit: http://greatatlanticresources.com/
