GREAT ATLANTIC RESOURCES CORP. is pleased to announce that is has closed the first tranche of the non-brokered private placement previously announced on January 13, 2020 for gross proceeds of $210,000. The units of the financing are comprised of one common share at a price of $0.50 and a full share purchase warrant, which may be exercised for a period of 18 months at a price of $0.75 per share. The term of the warrants [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has received analytical results for rock samples collected during 2019 at the Gabbro Gold Occurrence within its Golden Promise Gold Property, located in the central Newfoundland gold belt. Three 2019 samples returned low-grade gold values up to 1.11 grams per tonne gold, including: 2019 bedrock grab samples from quartz veins cutting gabbro at historic trench [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has received analyses for samples collected within a new target area at its 100% owned South Quarry Tungsten Property, located in east-central Newfoundland. Multiple samples returned anomalous tungsten values. The highlight was a bedrock grab sample, weighing 1.02 kilograms, which returned 0.871% tungsten or 1.10% WO3 . The new target area is located within the [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has identified gold soil geochemical anomalies in the southern region of the Golden Promise Property. The property is located within the central Newfoundland gold belt. The gold soil anomalies are located approximately 600 - 700 meters northeast of the northeast striking Linda / Snow White gold bearing quartz vein system. The soil samples were collected during the [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has completed the 2019 exploration program at its Mascarene Property, located in southwest New Brunswick. The program consisted of prospecting and soil / rock geochemical sampling. The Mascarene Property is reported to contain multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and / or silver, some with historic workings. Initial 2019 rock [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has completed the Phase 1 diamond drilling program on its Glenelg Vanadium Property, located in southwest New Brunswick. The program consisted of three holes which tested magnetic geophysical anomalies within the Bocabec Gabbro Complex. The program was stopped prematurely. A target area with vanadium - titanium bearing outcrops could not be accessed during the [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has completed the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program consisted of 10 holes totalling 1,063 meters. The program was conducted at the Jaclyn Main Zone , a gold-bearing quartz vein system. The Company reported a mineral resource estimate during late 2018 for [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has commenced the Phase 1 diamond drilling program on its Glenelg Vanadium Property, located in southwest New Brunswick. The program will test areas of vanadium and titanium bearing outcrop and magnetic geophysical anomalies. The program is partially funded through the New Brunswick Junior Mining Assistance Program . The drilling program is being conducted in the [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has completed the third and fourth holes of the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. Diamond drilling is being conducted at the Jaclyn Zone, which hosts multiple gold-bearing quartz vein systems. The first four holes of the program were completed at the Jaclyn Main Zone for [...]
Great Atlantic Resources is pleased to announce that it has closed its non-brokered private placement previously announced on October 31, 2019. The placement consisted of 421,053 flow through shares at a price of $0.475 per share for gross proceeds of $200,000. Each Flow-Through share consists of one common share that qualifies as a "flow-through share" as defined in subsection 66 of the Income Tax Act. The net proceeds [...]
GREAT ATLANTIC RESOURCES CORP. The Company is pleased to announce that it has arranged a non-brokered private placement of 421,053 flow through shares at a price of $0.475 cents per share for gross proceeds of $200,000. Each Flow-Through share consists of one common share that qualifies as a "flow-through share" as defined in subsection 66 of the Income Tax Act. The net proceeds from the Offering will be used for [...]
GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has completed the first two holes of the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. Diamond drilling is being conducted at the Jaclyn Zone, which hosts multiple gold-bearing quartz vein systems. The first two holes of the program were completed at the Jaclyn Main Zone. The hole [...]