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$GR.ca Great Atlantic Receives Diamond Drilling Permit Keymet Precious – Base Metal Property Bathurst, New Brunswick

Posted by AGORACOM-Eric at 9:28 AM on Tuesday, September 19th, 2017

 

 

  • Located 20 kilometres northwest of Bathurst
  • Multiple pathfinder minerals located ( gold, silver, zinc, lead and / or copper occurrences )
  • 500 metre drill program to test multiple base metal and silver bearing vein occurrences

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received a diamond drilling permit from the New Brunswick Dept. of Energy and Mines for its Keymet Precious – Base Metal Property, located in northeast New Brunswick. The Company is planning drilling beginning in mid-September in the northwest region of the property. The Keymet property, located approximately 20 kilometres northwest of Bathurst, hosts multiple gold, silver, zinc, lead and / or copper occurrences including the Keymet deposit, site of the historic Keymet Mine. Drilling will further test an area of reported zinc, lead, copper and silver bearing vein(s) including 2015 Great Atlantic drill intersections (16.7 % zinc and 152 g/t silver over 1.8 meter core length and 8.7% zinc over 4.28 meter core length) and a near-by gold bearing zone discovered by the Company in a 2015 trench (1.1 g/t gold over 4.9 meters in channel sampling).

 

To view the graphic in its original size, please click here

 

The drilling program is planned for the northwest region of the Keymet Property, a priority area for the Company. The program will be a minimum of 500 metres. Multiple base metal and silver bearing vein occurrences are reported in this region, including the historic Keymet Mine which operated during the 1950s. The drilling program will further test one of these vein occurrences, referred to as the Elmtree 12 vein occurrences. Gold bearing boulders and gold bearing zones in trench bedrock are also documented in this region of the property. The drilling program will test one such gold zone.

 

Historic Keymet Mine (1950s)

To view the graphic in its original size, please click here

 

The Elmtree 12 base metal and silver bearing vein occurrence is located approximately 1.4 kilometres northwest of the historic Keymet Mine. Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) intersected near-surface mineralized veins in this area. A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu, 11.36% Zn and 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. The true width of these intersections is unknown. These drill intersections are within 50 metre vertical depth. During 2015, Great Atlantic conducted trenching in the area of these reported 1980s drill holes. One trench exposed a northwest striking mineralized vein approximately above the reported 1980s drill intersections. A 0.5 metre channel samples across the vein returned 1.52% zinc, 1.94% copper and 308 g/t silver.

 

During 2015 Great Atlantic drilled two holes (Ky-15-3 and Ky-15-4) in the area of the 2015 trench and the 1980s holes. These holes were also collared within a zone of gold bearing silicified sedimentary boulders previously discovered by the Company (boulder assays reported up to 51 grams per tonne Au.). The zone of gold-bearing boulders extends west of these two holes in the reported up-ice glacial direction. Both holes intersected base metal and silver bearing veins and local gold mineralization.

 

 

Zinc, copper and silver bearing vein in 2015 Trench at Elmtree 12 Vein Occurrence

To view the graphic in its original size, please click here

 

Both Ky-15-3 and Ky-15-4 were drilled from the same set-up to the northeast (050 degree azimuth) approximately under the previous 2015 trench and from the opposite direction as the reported 1980s holes. Ky-15-3 was drilled at a 45 degree angle and intersected sphalerite – rich veins at 60.80 – 62.60 metres (returning 16.68% zinc, 1.11% copper and 152.0 g/t silver over a 1.80 metre core length). Ky-15-4 was drilled at a 60 degree dip on the same azimuth to intersect the veins deeper. Multiple sphalerite bearing veins were intersected in this hole at 90.07 – 94.35 metres (returning 8.68% zinc and 44.8 g/t silver Ag over 4.28 metre core length), approximately 35 metres vertically under the main vein intersected in Ky-15-3. Hole Ky-15-3 intersected a gold bearing interval, with a sample at 30.10 – 32.20 meters (2.1 meter core length) returning 3.28 g/t gold. The true width of these initial 2015 drill intersections is unknown at this time.

 

Drilling is planned during September 2017 on either side of holes Ky-15-3 and Ky-15-4 testing the continuation of the zinc, copper and silver bearing veins along strike and testing the continuation of the gold bearing zone intersected in Ky-15-3.

 

Drilling is also planned during the September program under a gold bearing zone exposed during a 2015 trench southwest of holes Ky-15-3 and Ky-15-4. Channel samples from a zone of altered sediments returned 1.11 g/t gold over a 4.9 metre total length. The channel samples were orientated east-west parallel to the trench direction. The orientation of this gold bearing zone has not been determined. This gold bearing zone is approximately 80 metres southwest of the collars of holes Ky-15-3 and Ky-15-4.

 

Zinc (sphalerite) – bearing carbonate vein in Ky-15-4.

To view the graphic in its original size, please click here

 

Access to the property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares.

 

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

 

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

 

On Behalf of the board of directors

 

“Lorne Mann”

 

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Great Atlantic Resource Corp

888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

Great Atlantic Receives Diamond Drilling Permits Golden Promise Gold Property in Central Newfoundland

Posted by AGORACOM-Eric at 7:52 AM on Thursday, September 14th, 2017

 

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg

  • Permit allows for up to 8,000 meters of drilling and 48 drill holes
  • First phase of drilling scheduled in early October, focusing on the Jaclyn Main Zone
  • Zone has been traced for 450 meters and locally to a vertical depth of 175 meters

VANCOUVER, BC / ACCESSWIRE / September 14, 2017 / GREAT ATLANTIC RESOURCES CORP. (TSX-V.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received a permit for diamond drilling from the Newfoundland and Labrador Dept. of Natural Resources for its Golden Promise Gold Property in central Newfoundland. The permit allows for up to 8,000 meters of drilling and 48 drill holes. This permit expires on July 26, 2018. Multiple gold bearing quartz veins occur within the permit area including the Jaclyn Main, Jaclyn North, Jaclyn South and Jaclyn West Zones. The Company is planning to commence the first phase of drilling in early October, focusing on the Jaclyn Main Zone and area east of and along strike of the Jaclyn North Zone, including areas of high grade gold bearing quartz boulders.

To view Map 1, please click the following link:
https://www.accesswire.com/uploads/GA1.png

  • To view Map 2, please click the following link:
    https://www.accesswire.com/uploads/GA2.png

    Phase I drilling will include the Jaclyn Main Zone, located in the northern region of the property. Most of the historic work was conducted at the Jaclyn Main Zone. A National Instrument 43-101 compliant inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold) was reported in 2008 for the Jaclyn Main Zone. Gold recovery from a reported 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t Au. The average tails grade for the sample was reported to be 1.12 g/t Au. A “back-calculated head grade of 5.59 g/t Au” was reported for the bulk sample. The Jaclyn Main Zone has been reportedly traced for a strike length of approximately 800 meters (northeast to east striking) through trenching and diamond drilling to approximately 420 meters vertical depth.

    To view Jaclyn Main Zone – 2010 Bulk Sample Area, please click the following link:
    https://www.accesswire.com/uploads/GA3resize.jpg

    The second area of focus during Phase I drilling is the Jaclyn North Zone, reported approximately 250 metres north of the Jaclyn Main Zone. Drill holes are planned to test the extension of Jaclyn North Zone along its projected strike to the east. Recent trenching in this area revealed thick overburden (predominantly greater than 3 or 4 metres in recent trenches). Gold bearing angular quartz bounders were discovered in till within these trenches including multiple high grade boulders in one trench approximately 260 meters east of the eastern-most historic Jaclyn North drill hole. Grab samples of boulders from this trench returned 31.96, 78.05, 163.99 and 332.67 g/t gold (9.7 oz./ton gold) (News Release of August 31, 2017). The area of this particular trench is a high priority target for the Company and will be tested during the Phase I drilling.

    The northeast striking Jaclyn North Zone has been reportedly traced by diamond drilling (13 holes) for approximately 450 meters and locally to a vertical depth of 175 meters. The zone is reported to contain 3 quartz veined sub-zones. Reported drill intersections include (core length):

    • GP03-32: 12.13 g/t Au / 0.35m & 12.30 g/t Au / 0.30m
    • GP07-76 (Upper Sub-zone): 11.28 g/t Au / 0.30m
    • GP06-51 (Middle Sub-zone): 5.24 g/t Au / 1.70
    • GP06-47 (Lower Sub-zone): 15.23 g/t Au / 0.30m
    • GP10-103: 6.19 g/t Au / 0.35m

    To view Map 3, please click the following link:
    https://www.accesswire.com/uploads/GA4.png

    The 2008 NI 43-101 Technical Report states the style of veining, mineralization, alteration, host rock and tectonism at Golden Promise most closely resembles other turbidite-hosted (or slate belt) gold deposits throughout the world.

    Access is excellent with a paved provincial highway transecting the property. The property is located near the town of Badger and approximately 50 kilometres northeast of the Valentine Lake Property of Marathon Gold Corp.

    Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

    David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

    About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.