Midday Friday, Great Atlantic’s stock was up 25% on the NYSE. The company has a C$9.5 million market capitalization.
Great Atlantic is currently conducting a Phase 2 diamond drilling program at the Jaclyn North Zone which hosts gold-bearing veins.
The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project.
The company is planning additional prospecting / rock geochemcial sampling and ground geophysical surveys in the area of Gold Soil Anomaly 1 during 2021.