Vancouver, British Columbia--(Newsfile Corp. - September 17, 2018) - Great Atlantic Resources (TSXV: GR) (FSE: PH01) has made a
$125,000 cash payment for its Golden Promise Gold Property, along with a $50,000 share payment totalling 666,667 shares at $.075
per share. The Golden Promise Gold Property, with a paved provincial highway transecting the property, is located in central
Newfoundland in a region of recent significant gold discoveries.
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It is located approximately 40 kilometers west-southwest of the Moosehead Project of Sokoman Iron Corp. (TSXV.SIC). Sokoman
recently announced a high grade gold discovery made during the 2018 diamond drilling program. A drill intersection of 44.96 grams
per tonne gold over a 11.90 meter core length was reported including a 1.35 meter core length quartz vein intersection of 385.85
grams per tonne gold
The Valentine Lake Gold Camp of Marathon Gold Corp. is located approximately 55 kilometers to the southwest. As reported on
Marathon's website, the Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained deposits, with
measured and indicated resources totalling 2.1 million ounces of gold at 1.99 grams per tonne and inferred resources totalling 1.1
million ounces of gold at 1.99 grams per tonne.
Gold bearing quartz veins are reported in multiple areas of the Golden Promise Property, including at least 5 gold- bearing
quartz vein systems reported in one zone referred to as the Jaclyn Zone. The company recently completed exploration in other select
areas, with assays pending for 2018 rock and soil samples. Quartz float samples collected by the company during 2017 at the Branden
Zone in the northern region of the Property returned 57.2 and 200 grams per tonne gold. A 0.32 meter long chip sample collected in
2017 across the Shawn's Shot Vein returned 48.2 grams per tonne.
Much of the reported historical exploration at the Golden Promise Property has been focused on the Jaclyn Zone in the northern
half of the Property, with gold bearing vein systems reported at the Jaclyn Main, Jaclyn East, Jaclyn West, Jaclyn North and Jaclyn
South Sub-zones. Most historic work was conducted at the Jaclyn Main Zone with some of the reported diamond drilling gold
intercepts shown in this table.
To view an enhanced version of Table 1, please visit:
[http://orders.newsfilecorp.com/files/2189/38697_a1537195049787_58.jpg]
Gold recovery from a reported 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47
grams per tonne gold. The average tails grade for the sample was reported to be 1.12 grams per tonne gold. A "back-calculated head
grade of 5.59 grams per tonne gold" was reported for the bulk sample.
Viewers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp are not necessarily indicative of
mineralization on the Golden Promise Property, and that historical records for the Golden Promise Property have been examined but
not verified by a Qualified Person.
For more information, please visit the company's website www.greatatlanticresources.com. Investor Relations is handled by Kaye Wynn Consulting
Inc. They can be reached at either 604-558-2630 or 888-280-8128, or email info@kayewynn.com
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