Great Atlantic's Bold Move: Precision Mining at Golden Promise

In the heart of Newfoundland, Great Atlantic Resources Corp. is making a strategic play that could redefine its future in the mining industry. The company has submitted a bulk sampling application for its Golden Promise Gold Property, targeting a high-grade area within its 119,900-ounce resource averaging 10.4 grams per tonne gold at the Jaclyn Main Zone. This move is not just about extracting ore; it's about leveraging cutting-edge technology to do so more efficiently and cost-effectively.

The Golden Promise Gold Property, located just 1 kilometer from Calibre's Valentine Gold Mine, is a strategic asset. The proximity to one of the region's largest and most active gold operations provides Great Atlantic with operational synergies and increased market attention. The recent $2.6-billion Equinox-Calibre deal has highlighted the strategic value of Newfoundland's gold assets, making Great Atlantic's holdings more marketable.



The planned bulk sampling work at the Jaclyn Main Zone is set to be a game-changer. Great Atlantic, in partnership with Novamera Inc., plans to extract approximately 2,700 tonnes of bulk sample using a precision mining method powered by Novamera's full suite of Surgical MiningTM technologies. This innovative approach leverages hardware, software, AI, and ML paired with conventional drilling equipment to extract ore at a fraction of the cost of conventional mining methods.

The use of Novamera's proprietary Guidance Tool in the drilling process provides increased data and resource knowledge. This high-resolution 3D orebody model helps in calculating the optimal drill trajectory for Surgical MiningTM, enhancing the accuracy and efficiency of the mining operations. The planned bulk sampling work is funded in part by DIGITAL, Canada's Global Innovation Cluster for digital technologies, as part of a larger project that aims to support data-driven and digital solutions within the mining sector.

The potential financial implications for Great Atlantic are significant. The approval of the bulk sampling application could lead to reduced extraction costs, improved mining efficiency, increased gold reserves, and improved financial performance. These factors could all contribute to an increase in investor confidence and a potential increase in the company's stock price.

However, the success of this venture is not guaranteed. The mining industry is fraught with risks, from economic and market conditions to litigation and share price volatility. Great Atlantic's management team will need to navigate these challenges carefully to ensure the success of the bulk sampling and the overall project.

In conclusion, Great Atlantic's application for a 2,700-tonne bulk sample permit at its Golden Promise Gold Property is a bold move that could pay off handsomely. The strategic location of the property, the use of innovative technology, and the increased market attention all bode well for the company's future. However, the road ahead is fraught with challenges, and only time will tell if Great Atlantic can turn this opportunity into a success story.