Extends Jacklyn Zone 260m And Adds To 300m Plus Boulder Train
Great Atlantic Resources Corp. (TSXV:GR) has received promising gold assays for prospecting rock samples and drill core samples from its Golden Promise Property, located within the central Newfoundland gold belt.
All three drill holes from the 2020 programme intersected gold bearing veins, extending the Jaclyn North Zone (JNZ) quartz vein system approximately 260m east of historic drilling.
Rock samples were collected during late 2020 from quartz float boulders east of the JNZ. This quartz boulder field is at least 300 meters long and 25-75m wide.Three quartz float samples from this boulder field returned 157.5, 26.7 and 17.4 grams / tonne (g/t) gold while seven float samples returned 1.49 to 6.72 g/t gold. The JNZ is part of the Jaclyn Zone, located in the north region of the property.
The drill core samples were collected from three drill holes completed during the 2020 fall diamond drilling programme. Drill holes GP20-146, GP20-147 and GP20-148 tested the extension of the JNZ along its projected strike. Drill hole GP20-148, the eastern-most of the three drill holes, also tested the quartz boulder field.
Thirty-eight rock samples were collected throughout the northeast-southwest trending quartz boulder field. Visible gold is present in two samples (430367 and 430398). Ten quartz vein float samples exceeded 1 g/t gold, while 21 samples returned anomalous values of 13 – 543 parts per billion (ppb) gold (weighted average of +150 mesh and -150 mesh fraction fire assays).
Additional drill holes are planned east of the JNZ including the area of the quartz boulder field as the Company resumes Phase 2 drilling, scheduled to start this quarter. Drilling is also planned for the Jaclyn Main Zone (JMZ).
The Jaclyn Zone hosts five gold bearing quartz veins systems, including the JNZ, JMZ, Jaclyn East Zone and the Jaclyn West Zone.
The Golden Promise Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project.
