Great Atlantic Resources Corp. announced it has applied for diamond drilling and trenching permits for its Golden Promise Gold Property located in the central Newfoundland gold belt. The drilling and trenching applications are for the southern region of the property in areas of gold soil anomalies and /or reported geophysics anomalies.

Great Atlantic has an existing diamond drilling permit for northern region of the property at the Jaclyn Zone which is host to multiple gold bearing quartz veins. Great Atlantic has applied for up to five drill holes and three trenches within the southwest region of the Golden Promise Property (within Mineral Licence 025161M) and northwest of Linda /Snow White gold bearing quartz vein system. This is an area of gold soil geochemical anomalies identified by the Company during the 2018 and 2020 exploration programs. This zone of gold soil anomalies is at least 500 meters long with an apparent width of approximately 90-200 meters (defined by four soil sample lines) with 22 of 28 samples within the zone returning anomalous gold values of 5 parts per billion (ppb) and higher (up to 77 ppb Au).

Great Atlantic has also applied for five trenches in the southern region of the property (within Mineral Licence 0 25156M) to test an area of reported magnetic and electromagnetic geophysical anomalies east northeast of the Gabbro Zone Gold Occurrence. This is based on a 2003 airborne geophysical survey by Rubicon Mineral Corp. Great Atlantic confirmed gold mineralization at the Gabbro Zone Goldoccurrence during 2019 including grab samples of quartz veins cutting gabbro returning 0.80 and 1.11 grams /tonne gold.

The five trenches applied for are also near the reported contact of the Stanley Watters Formation and the Lawrence Harbour Formation. Some gold bearing quartz veins within the Golden Promise Property are located near the reported contact of these two formations including the Jaclyn Zone and the Linda /Snow White gold bearing quartz vein sysstem. This zone of gold soil anomalies is at least 500 meters long with an apparent width of approximately 90-200 meters (defined by four soil sample lines) with 22 of 28 samples within the zone returning anomalous gold values of 5 parts per billion (ppb) and higher (up to 77 ppb Au).