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Great Atlantic Resources Corp.
Summary
| Project: | Golden Promise | |
|---|---|---|
| Deposit: | Golden Promise | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-5-2018: Great Atlantic Resources Corp. announces an Exploration/Drilling Update report for its Golden Promise deposit at the Golden Promise project. Technical report summarizing previous exploration on property. The Golden Promise Property of Great Atl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Delaney (Independent) | |
| ABSTRACT: | The Golden Promise Property of Great Atlantic Resources Corp. is located in the Badger area (central Newfoundland), Newfoundland and Labrador, Canada (NTS 12A/16), west of Grand Falls-Windsor. The northeast corner of the Property is approximately 1 kilometer west of the town of Badger. The Property extends approximately 19 kilometers southwest of Badger. The Property consists of ten mineral rights licences, as issued by the Newfoundland and Labrador Department of Natural Resources. The 10 licences consist of a total of 310 claims, covering a total area of 7,750 hectares. The mineral rights licences are registered to William Mercer. Great Atlantic Resources Corp. has an option agreement with Mr. Mercer, dated in July 5, 2016. Under the option agreement, Great Atlantic Resources Corp. may acquire a 100% right, title and interest in and to the Golden Promise Property by making certain staged cash payments and share payments of common shares in the capital of Great Atlantic Resources Corp. to Mr. Mercer and incurring work expenditures on the property. This report was prepared at the request of Great Atlantic Resources Corp. to summarize historic work on the Property, summarize 2017 exploration on the Property by Great Atlantic Resources Corp. and, if warranted, to make recommendations for further work. | |
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