Vancouver, British Columbia--(Newsfile Corp. - August 29, 2017) - Great Atlantic Resources (TSXV: GR) (FSE: PH01) has received gold results for the rock samples collected during May and June at its Golden Promise Gold Property. The Golden Promise Gold Property, expanded to approximately 16,500 hectares, is located in central Newfoundland.
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The Golden Promise Property, located near the town of Badger and approximately 50 kilometres northeast of Marathon Gold's Valentine Lake Property, hosts multiple gold-bearing quartz veins and gold-bearing float boulders.
The majority of historic work was at the Jaclyn Main Zone, which has been reportedly traced for a strike length of approximately 800 meters through trenching and diamond drilling to approximately 420 meters vertical depth. A NI 43-101 compliant report prepared for the Jaclyn Main Zone in 2008, reported an inferred resource of 921,000 tonnes at an average grade of 3.02 grams per tonne gold with 89,500 ounces contained gold.
Gold recovery from a 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.
The May and June rock sampling program was focused in the central to northern regions of the property, including samples from the Jaclyn North Zone, Jaclyn West/Christopher Zone, Shawn's Shot vein and Brandon float occurrence, which confirmed gold mineralization in quartz vein boulders or outcrop in four areas. The grab samples ranged in weight from 0.88 to 1.51 kilograms, with the single chip sample weighing 0.94 kilograms.
Four quartz vein samples from three different areas exceeded 1 ounce per ton gold, including a boulder sample returning a high value of 5.8 ounces per ton gold.
| Sample # | Gold Grams per tonne | Gold Ounces per ton | Float Boulder/Outcrop | Grab/Chip | Zone |
| GP-R-17-30 | 200 | 5.833 | Quartz Vein Float | Grab | Branden Float Occurrence |
| GP-R-17-33 | 57.2 | 1.668 | Quartz Vein Float | Grab | Branden Float Occurrence |
| GP-R-17-200 | 0.54 | 0.016 | Quartz Vein Outcrop | Grab | Jaclyn West (Christopher) |
| GP-R-17-203 | 48.2 | 1.406 | Quartz Vein Outcrop | Chip (0.32m) | Shawn's Shot |
| GP-R-17-206 | 6.11 | 0.178 | Quartz Vein Float | Grab | Jaclyn North |
| GP-R-17-207 | 1.63 | 0.048 | Quartz Vein Float | Grab | Jaclyn North |
| GP-R-17-208 | 70.9 | 2.068 | Quartz Vein Float | Grab | Jaclyn North |
A portion of sample of 17-30 from the Branden float occurrence, displayed visible gold, with the sample returning 200 grams per tonne gold.
Trenching has since been completed in one of these areas referred to as the Jaclyn North Zone with analyses pending for rock samples.
The shares are trading at $0.18 and with 33 million shares outstanding, the company is capitalized at $5.9 million.
For more information, please visit the company's website www.greatatlanticresources.com, contact Christopher R. Anderson, President and CEO, at 604-488-3900 or email marketing@greatatlanticresources.com.
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