Great Atlantic files NI 43-101 Golden Promise (GR.V) The Report includes the following mineral resource estimate (Inferred resources) for the Jaclyn Main Zone, the maiden resource estimate for the Company on the property:
Resource Cutoff Au g/tAu Cap g/tAu Uncap g/tTonnes Au Ounces CappedAu Ounces Uncapped Total 1.1 9.3 10.4 357,500 106,400 119,900 Pit-Constrained0.6 11.4 14.1 157,300 57,800 71,200 Underground 1.5 7.5 7.6 200,200 48,600 48,700
The Golden Promise Property hosts multiple gold bearing quartz veins and is located in 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 Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Iron Corp. (TSXV.SIC) at the Moosehead Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.