Vancouver-based Great Atlantic Resources (TSXV: GR)reported it intersected two gold-bearing veins at its Golden Promise property in central Newfoundland and Labrador, near the town of Badger. The Golden Promise property is Great Atlantic’s most advanced and largest (about 16,500 ha) property.
Great Atlantic’s wholly owned subsidiary Golden Promise Mines received gold analyses for the fifth hole of the company’s 2024 diamond drilling program at the Golden Promise property.
Company drilling teams reported visible gold quartz vein in GP-24-161. This hole intersected 120.89 g/t gold over 0.44 metres and 13.6% g/t gold over 1.67 metres (including 10.92% g/t gold over 1.04 metres and 16.87% g/t gold over 0.63 metres).
Great Atlantic conducted its 2024 drilling with partner Novamera. DIGITAL – Canada’s Global Innovation Cluster for digital technologies – has been and will continue to co-fund Great Atlantic’s 2024 diamond drilling and subsequent planned bulk sample work. DIGITAL is part of a larger project aiming to support data-driven and digital solutions within the mining sector.
The company plans to extract the bulk sample this year. According to Great Atlantic, they will be using new mining method that leverage hardware, software, AI, and ML paired with conventional drilling equipment to extract ore at a fraction of the cost of conventional mining methods.
The Golden Promise property is one of seven central Newfoundland and Labrador gold properties owned by Great Atlantic’s wholly owned subsidiary Golden Promise Mines. The property is located within the Exploits subzone of the Newfoundland Dunnage zone. More information about this project and the company are available at www.GreatAtlanticResources.com.
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