Great Atlantic's Golden Promise Property Yields High Vanadium and Gold Values

GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) announced significant analytical results from rock samples collected at its Golden Promise Gold Property in Central Newfoundland. The property, fully owned by Great Atlantic’s subsidiary, Golden Promise Mines Inc., displayed promising vanadium and gold values in a newly targeted southwest area.

The collected glacial float and outcrop samples showed two samples exceeding 1,000 parts per million (ppm) for vanadium (> 0.1% V) and gold values up to 97 parts per billion (ppb). Additional findings in one sample include noteworthy copper, nickel, and molybdenum values. Prospectors targeted the area based on its geological characteristics favorable for gold mineralization, conducting work near the intersection of the Stanley Waters Formation and the Lawrence Harbour Formation.

Out of five grab samples from a specified 17x15 meters area, two samples surpassed 1,000 ppm vanadium, necessitating further analysis to accurately determine their vanadium content. Great Atlantic plans additional prospecting and geological studies in the 2024 field season to further explore this area’s potential.

The property is situated within the Exploits Subzone of Newfoundland’s Dunnage Zone, indicating a noteworthy mining region. However, comparisons to nearby mining operations like the Valentine Gold Mine are cautioned against as an indicator of potential at the Golden Promise Property.