Great Atlantic Resources (TSXV:GR) has recently announced that its subsidiary, Golden Promise Mines, has commenced exploration activities at the East Golden Promise Gold Property in Newfoundland. This property is situated to the east of the company’s Golden Promise Gold Property.
The exploration work will involve prospecting and rock/soil geochemical sampling, with a specific focus on a new target area in the eastern region of the East Golden Promise Property. The primary objective of this 2024 program is to identify the extent of gold anomalies and pinpoint potential trenching targets.
Additionally, soil samples will be collected from an area where soil anomalies were previously detected in 2022, with 10 out of 15 samples returning anomalous gold values of 10 parts per billion (ppb) and higher. Notable values included 71 ppb gold and 137 ppb gold.
The East Golden Promise property is one of eight central Newfoundland gold properties under the ownership of Great Atlantic Resources’ subsidiary within the Exploits Subzone of the Newfoundland Dunnage Zone.
Great Atlantic Resources, headquartered in Vancouver, is specifically focused on acquiring, exploring, and evaluating mineral property interests in Atlantic Canada. As of 9:30 am ET, shares of Great Atlantic Resources (TSXV:GR) have decreased by 27.27 per cent to C$0.04.
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