Core Viewpoint - Great Atlantic Resources Corp. has received approval for a bulk sample extraction at its Golden Promise Gold Property, targeting high-grade gold zones with an inferred resource of 119,000 ounces at an average grade of 10.4 g/t gold [1][4][15]. Group 1: Project Details - The bulk sample approval allows for the extraction of up to 1,000 cubic meters (approximately 2,700 tonnes) from the Jaclyn Main Zone, with equipment mobilization occurring this month and extraction set to begin in September [2][3]. - The project is strategically located just 1 kilometer from Calibre Mining Corp.'s Valentine Gold Mine, enhancing its potential within a high-potential gold region [5]. - The extraction will utilize Novamera Inc.'s Surgical Mining™ technologies, which combine conventional drilling with advanced digital technologies to reduce costs [10][7]. Group 2: Financial and Technical Aspects - The bulk sampling work will be partially funded by co-investment from Digital Technology Supercluster Canada, supporting innovation in the mining sector [13]. - Previous drilling in the area has shown promising results, with several drill holes reporting high gold grades, including 120.89 g/t over 0.44 meters [16]. - The inferred resource estimate for the Jaclyn Main Zone is compliant with National Instrument 43-101, indicating a significant potential for gold extraction [15]. Group 3: Company Positioning - Great Atlantic Resources Corp. is positioning itself as a key player in the mining sector, leveraging innovative technologies to enhance operational efficiency and resource extraction [7][20]. - The company is focused on developing mineral assets in Atlantic Canada, which is recognized as a leading mining region globally [20].
Great Atlantic Receives - Bulk Sample Permit Approved - 2700 Tonnes and Equipment Being Mobilized to Site This Month Targeting High Grade Gold Zone at Jaclyn Main Zone - 119,000 OZ Inf. AVG 10.4 g/t Gold
Newsfile·2025-07-14 13:00