Great Atlantic Resources Corp. announce it has received approval for additional trenching at its Golden Promise Gold Property located in the central Newfoundland gold belt. The new trenching permit is for the southern region of the property in an area of reported geophysical anomalies.

The new approval is for up to five excavator trenches within Mineral Licences 036105M in the southern region of the Golden Promise Property to test an area of reported magnetic and electromagnetic geophysical anomalies reported northeast of the Gabbro Zone Gold Occurrence. The geophysical anomalies in this area were identified during a 2003 airborne geophysical survey by Rubicon Mineral Corp. Great Atlantic confirmed gold mineralization at the Gabbro Zone Gold Occurrence during 2019 including grab samples of quartz veins cutting gabbro returning 0.80 and 1.11 grams /tonne gold.

The five trenches approved are also within the area of the reported contact of the Stanley Waters Formation and the Lawrence Harbour Formation (Rogers et al., 2005), both part of the Victoria Lake Supergroup within the Exploits Subzone. Some gold bearing quartz veins within the Golden Promise Property are located near the reported contact of these two formations including the Jaclyn Zone, Shawn's Shot and the Linda /Snow White gold bearing quartz veins /vein systems. Great Atlantic is planning to conduct this trenching program during the 2024 field season.