Northwire Canada EditionTuesday, July 14, 2026
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WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
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Great Atlantic Commences 2026 Field Program to Advance High Priority Targets at Golden Promise

Golden Promise Trenching Continues Amidst Bulk Sampling Overhang and Funding Uncertainty

By The Northwire Desk — AI Analysis May 07, 2026 · 09:01 GR · 0.09 Great Atlantic Resources Corp.
Executive Summary
  • Great Atlantic Resources Corp. announced the commencement of its 2026 exploration program at the Golden Promise Gold Property in central Newfoundland on May 7, 2026.
  • The program focuses on prospecting and geochemical sampling within the southwest region (Licence 036105M) targeting known gold and copper anomalies.
  • Planned activities include trenching in both the southwest and east-central regions to follow up on previous high-grade intercepts and soil anomalies.
  • Historical 2024 reconnaissance identified soil anomalies with Gold up to 83 ppb, Silver up to 3.9 ppm, Copper up to 121 ppm, and Vanadium up to 920 ppm.
  • Three trenches are scheduled for May and June 2026 in the southwest region; five planned trenches in the east-central region (Licence 034704M) for June 2026.
  • Exploration will extend to at least 10 other mineral licences including Linda / Snow White, Gabbro Zones, and Jaclyn Zone.
  • The property includes a 2018 NI 43-101 compliant inferred resource estimate for the Jaclyn Main Zone of 357,500 tonnes at 10.4 g/t gold (approximately 119,900 ounces).
Material Impact
  • The news confirms execution of the planned 2026 field program which was previously announced in April 2026 ("Advances Golden Promise with Spring 2026 Trenching").
  • This is an expected operational update rather than a material financial event; no new financing, resource upgrade, or production milestone is disclosed.
  • The announcement does not explicitly address the November 2025 bulk sampling halt caused by technical issues with Novamera Inc.'s equipment and funding shortfalls ($1M estimated additional capital needed).
  • While positive for operational continuity, the lack of resolution on the flagship bulk sample program limits immediate upside potential relative to market expectations.
  • The focus remains on surface exploration (trenching/sampling) rather than advancing the high-value bulk sampling phase which was previously stalled.
GR · Price
Company Overview
  • Company: Great Atlantic Resources Corp. (TSX.V: GR) is a mineral exploration company focused on Atlantic Canada (Newfoundland and New Brunswick).
  • Flagship Project: Golden Promise Gold Property in central Newfoundland (16,525 ha).
  • Resource Status: Inferred resource of 357,500 tonnes at 10.4 g/t Au (~119,900 oz) reported December 2018 (NI 43-101).
  • Other Assets: Keymet Silver Project (NB), Glenelg Gold-Antimony-Vanadium Property (NB), Pilley's Island VMS Project (NL), Nashwaak Lake Tungsten Property (NB).
  • Strategy: "Project generation" model to build multi-million ounce gold resources and develop base-metal, tungsten, antimony projects.
Read the original news release →

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