Great Atlantic Resources Corp. is pleased to announce it has applied for two additional diamond drilling permits for its Golden Promise Gold Property, located in the central Newfoundland gold belt. The applications are for up to 33 drill holes at the Jaclyn Zone and up to 12 drill holes at the Otter Brook showing. The Company is planning to resume drilling at the Jaclyn Zone in early July under its existing drilling [...]
Great Atlantic Resources Corp. , is pleased to announce that it has closed its private placement offering for aggregate gross proceeds of approximately $2,060,000, consisting of: $1,360,000 in flow-through units of the Company at a price of $0.68 per FT Unit, and $700,000 in units of the Company at a price of $0.50 per Unit. Each FT Unit is comprised of one common share of the Company that will qualify as a "flow-through [...]
Great Atlantic Resources Corp. is pleased to announce it has begun the 2021 exploration program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Exploration is underway in the northern region of the property to define trenching and drilling targets. Two rock samples collected by the Company during 2017 from quartz float in this region returned 57.5 and 200 grams / tonne gold . This is [...]
Great Atlantic Resources Corp. , is pleased to announce a non-brokered private placement offering for aggregate gross proceeds of approximately $2,060,000, consisting of: $1,360,000 in flow-through units of the Company at a price of $0.68 per FT Unit, and $700,000 in units of the Company at a price of $0.50 per Unit. Subject to and concurrently with the completion of the Private Placement, Mr. Eric Sprott has agreed to be [...]
Great Atlantic Resources Corp. is pleased to announce 2021 exploration plans for its Keymet Precious Metal - Base Metal Property, located in northeast New Brunswick. One priority area of focus for 2021 work is the northwest region where the Company has reported high grade gold, silver, copper and zinc, including a drill intercept of 9.04 zinc, 9.19% copper and 1,158 gams per tonne silver over 3.00 meters core length [...]
Great Atlantic Resources Corp. is pleased to announce it has received gold assays for prospecting rock samples and drill core samples from its Golden Promise Property, located within the central Newfoundland gold belt. All three drill holes from the 2020 program intersected gold bearing veins, extending the Jaclyn North Zone quartz vein system approximately 260 meters east of historic drilling. Rock samples were collected [...]
Great Atlantic Resources Corp. is pleased to announce it has closed its non-brokered private placement previously announced on March 18, 2021. The placement consisted of 1,090,909 flow through units at a price of $0.55 cents per share for gross proceeds of $600,000. Each Flow-Through unit consists of one common share that qualifies as a "flow-through share" as defined in subsection 66 of the Income Tax Act and one-half [...]
Great Atlantic Resources Corp. is pleased to announce it has completed the fourth and final drill hole of its maiden diamond drilling program at its Mascarene Property, located in southwest New Brunswick. This hole was drilled into an untested magnetic high anomaly in the east region of the property. It was drilled at an 80-degree dip and deeper relative to the first three holes. MA21-4 intersected local narrow veins [...]
Great Atlantic Resources Corp. is pleased to announce it has completed the third drill hole and started a fourth hole during its maiden diamond drilling program at its Mascarene Property, located in southwest New Brunswick. The fourth hole is being drilled into an untested magnetic high anomaly in the east region of the property. The fourth hole will be deeper relative to the first three holes, being at least 300 meters [...]
Great Atlantic Resources Corp. is pleased to announce that it has arranged a non-brokered private placement of 526,316 flow through units at a price of $0.57 cents per share for gross proceeds of $300,000. Each Flow-Through unit consists of one common share that qualifies as a "flow-through share" as defined in subsection 66 of the Income Tax Act and one-half share purchase warrant. Each whole warrant will entitle the [...]
Great Atlantic Resources Corp. is pleased to announce it completed the first two drill holes of its maiden diamond drilling program at its Mascarene Property, located in southwest New Brunswick. The first hole intersected volcanic-hosted zinc mineralization within an approximately 5-meter core length interval. The program is being conducted in the east region of the property testing within a broad magnetic high trend and [...]
Great Atlantic Resources Corp. is pleased to announce it has received analytical results for 2020 prospecting rock samples collected at its Mascarene Property, located in southwest New Brunswick. 6.19% copper and 0.404 g/t gold Multiple samples from the southern region of the property at and near the historic Wheal Louisiana Mine workings returned significant values for copper with +/- anomalous values for gold, nickel [...]