Great Atlantic to Begin Trenching Program at its 100% Owned Golden Promise Gold Property — Central Newfoundland

Great Atlantic Initiates Spending on Fully Funded Planned Bulk Sample $4M Estimated to be Spent in Ground at Jaclyn Main Zone Starting with Guidance Imaging Diamond Drilling Program at 100% Owned Golden Promise Gold Property — Newfoundland
June 4, 2024
Corporate Update
June 12, 2024

VANCOUVER, British Columbia  June 6, 2024 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”), is pleased to announce its wholly owned subsidiary, Golden Promise Mines Inc., will begin an excavator trenching program in early June at its Golden Promise Gold Property, located in central Newfoundland.

Three trenches are planned within the southwest region of the property in an area of gold soil geochemical anomalies and rock samples containing anomalous levels of gold.

Gold Bearing Boulder Near Planned Trench No. 1 Site – 0.44 G/T Gold (2023 sample)

The trenching will be conducted in the southwest region of the Golden Promise Property within Mineral Licence 036105M. The three planned trenches will test areas of gold soil anomalies up to 77 parts per billion (ppb) gold. The first two trenches will also test areas of rock samples (outcrop and glacial float boulders) which yielded anomalous gold values including 0.44, 0.57 and 1.04 grams / tonne gold. The soil and rock samples were collected by Great Atlantic during 2018-2023 programs (see Company news releases for exploration is this region).

The Golden Promise Property hosts gold bearing quartz veins in various regions of the property including the Jaclyn Zone quartz vein systems, Shawn’s Shot quartz vein, Otter Brook occurrence, Linda / Snow White quartz vein system and the Gabbro Zone occurrence. The June 2024 trenching program will be conducted approximately 3.5 to 4.0 kilometers northeast of Linda / Snow White gold bearing quartz vein system.

The Golden Promise Gold Property is the largest and most advanced of eight central Newfoundland gold properties owned by Golden Promise Mines Inc. and located within the Exploits Subzone of the Newfoundland Dunnage Zone. One of these properties (Golden Trust) is located within one kilometer of the Valentine Gold Mine of Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) which is also located within the Exploits Subzone. Readers are warned that mineralization at the Valentine Gold Mine is not necessarily indicative of mineralization at the Golden Promise Property or any of the other central Newfoundland gold properties of Golden Promise Mines Inc.

David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.


On Behalf of the board of directors

“Christopher R Anderson
Mr. Christopher R. Anderson
President CEO Director

604-488-3900 – Office

Investor Relations:




About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Great Atlantic Resource Corp.
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4