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Great Atlantic Resources Corp.

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Summary

Project:

Golden Promise

Deposit:Golden Promise
Location:Canada
Commodities:Gold
Date:11/28/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:28-11-2018: Great Atlantic Resources Corp. announces a Resource Estimation report for its Golden Promise deposit at the Golden Promise project. Updated mineral resource at the project. The authors have been retained by Great Atlantic Resources Corp. (Grea
Resources:(Resource, Inf.): 357Kt @ 9.3g/t Au for 119Koz Au contained
CP/QP:[Resources]: Gregory Mosher (Independent)
ABSTRACT:The authors have been retained by Great Atlantic Resources Corp. (Great Atlantic) to prepare an independent Technical Report on the Company’s Golden Promise Property (the “Property”) located in the central region of Newfoundland, in the province of Newfoundland and Labrador, Canada. The Property consists of 16 Mineral Licences, totalling 661 claims, which cover a significant trend of structurally-controlled, auriferous quartz vein occurrences and prospects within sedimentary units of the Victoria Lake Supergroup. This report provides a summary of all exploration and development work performed, and results obtained, on the property to date, with recommendations for future work, based on the property’s perceived gold exploration potential. The report was prepared in compliance with the reporting standards as set forth under National Instrument Policy NI 43-101 – Standards of Disclosure for Mineral Projects. Co-authors Larry Pilgrim (B.Sc., P.Geo.) and Greg Z. Mosher (P.Geo., M.Sc.App.) are considered a “Qualified Persons” as defined under this policy. Historical Work Historical exploration work conducted over the area now contained by the present Golden Promise Property was, collectively, carried out by Rubicon Minerals Corp. (Rubicon), and joint venture partners Placer Dome Canada Ltd (Placer Dome), Paragon Minerals Corp. (Paragon) and Crosshair Exploration & Mining Corp. (Crosshair), between 2002 and 2011. Work programs, consisting of prospecting, soil sampling, trenching and diamond drilling (totalling 152 drill holes), culminated in the discovery and partial delineation of several structurally-controlled, auriferous, quartz vein systems, the more significant (or explored) of which, is the Jaclyn Main Prospect. Two other prospects, having significant drilling to date, are the Jaclyn North and Linda-Snow White Prospects.

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