Great Atlantic Resources has initiated the 2024 exploration programme at its wholly owned East Golden Promise gold property in central Newfoundland, Canada.
The exploration, being conducted by the company’s subsidiary, Golden Promise Mines, will focus on prospecting and geochemical sampling in the property’s eastern region, where previous soil samples revealed significant gold anomalies.
It is designed to expand on the findings from 2022, where soil geochemical sampling uncovered gold soil anomalies.
Great Atlantic Resources said that ten out of 15 soil samples collected along a 300m traverse returned gold values above ten parts per billion (ppb), with the highest being 137ppb.
Currently, Great Atlantic Resources is undertaking prospecting and rock geochemical sampling around the area of last year’s gold soil anomalies.
Loose rock samples from 2022 indicated gold values up to 0.084 parts per million, while a 2021 sample from glacial float returned 123ppb gold.
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Analysed by Eastern Analytical and ALS Canada, these findings are guiding the 2024 programme’s objective to define the extent of the gold anomalies and pinpoint trenching targets.
The East Golden Promise Property is part of a portfolio of eight Golden Promise Mine-owned gold properties in Newfoundland. These properties are all located within the Exploits Subzone of the Newfoundland Dunnage Zone.
The 16,500-hectare Golden Promise Gold Property is located within the central Newfoundland gold belt, near the town of Badger.
Several gold-bearing quartz veins/quartz vein systems and zones of gold-bearing quartz boulders have been discovered within the property.
