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Great Atlantic Receives Diamond $GR.ca Drilling Permit and $40,000 Exploration Grant for Its 100% Owned Keymet Base Metal Project $ANX.ca

Posted by AGORACOM at 9:18 AM on Monday, June 18th, 2018

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  • Received diamond drilling permit (up to 15 holes) and a $40,000 exploration grant from the New Brunswick government for its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick.
  • Program to begin  July 2018
  • Historical Hole Ky-17-6 (Elmtree 12): 3.54% Zn, 0.92% Cu, 0.28% Pb & 115 g/t Ag / 12.05 meter core length (7.76 % Zn Equiv. / 12.05 meter core length) & 0.64 g/t Au over 19.96 meter core length (new gold discovery).

 

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 (up to 15 holes) and a $40,000 exploration grant from the New Brunswick government for its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick. The Company is planning diamond drilling beginning in July 2018 in the northwest region of the Property to define polymetallic veins (zinc, lead, copper and silver bearing) and a explore a gold bearing zone discovered during 2017 drilling. Great Atlantic’s 2017 drilling highlights from this region included 37.32% zinc equivalent over 1.27 meters core length (new vein discovery) and 7.76% zinc equivalent over 12.05 meter core length at the Elmtree 12 vein system (using metal prices at June 14, 2018) plus 0.64 g/t gold over 19.96 meter core length (new gold discovery). Drilling will focus in the Elmtree 12 vein system to provide additional data for a planned maiden resource estimate.

 

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The upcoming diamond drilling program will be conducted in the northwest region of the property in the area of the polymetallic Elmtree 12 vein system and an adjacent polymetallic vein which was discovered in 2017. These polymetallic veins contain significant levels of zinc, copper, lead and silver. The 2018 program will test these polymetallic veins along strike and depth. The Company has drilled five holes in the Elmtree 12 veins system since 2015. The 2018 drill program will provide additional data for a planned maiden resource estimate on the Elmtree 12 vein system. The Company also discovered a new gold bearing zone adjacent to the Elmtree 12 vein system during 2017 drilling, being hosted in arsenopyrite bearing meta-sedimentary rocks. Drilling is also planned to test this zone. The drilling program will be partly funded through a $40,000 grant received from the New Brunswick government under the Junior Mining Assistance Program. Highlights of previous drilling by the Company in this area include the following (as reported in News Releases of October 29, 2015, February 23, 2016, December 20, 2017 and March 2, 2018 with up-dated zinc equivalent based on metal prices at June 14, 2018:

  • Hole Ky-15-3 (Elmtree 12):    16.68% Zn, 1.11% Cu, 0.44% Pb & 152 g/t Ag / 1.80 meter core length (22.06% Zn Equiv. / 1.80 meter core length)
  • Hole Ky-15-4 (Elmtree 12):     8.68% Zn, 0.29% Cu, 0.20% Pb & 44.8 g/t Ag / 4.28 meter core length (10.23% Zn Equiv. / 4.28 meter core length)
  •  Hole Ky-17-6 (Elmtree 12):    3.54% Zn, 0.92% Cu, 0.28% Pb & 115 g/t Ag / 12.05 meter core length (7.76 % Zn Equiv. / 12.05 meter core length) & 0.64 g/t Au over 19.96 meter core length (new gold discovery).
  • Hole Ky-17-8 (2017 discovery):  18.80% Zn, 3.55% Cu, 1.16% Pb & 576 g/t Ag / 1.27 meter core length (37.32% Zn Equiv. / 1.27 meter core length)

 

Elmtree 12 Vein System: Polymetallic Vein in Ky-17-6

 

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Keymet Northwest Region: 2015 and 2017 Diamond Drilling Plan

 

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The Company’s focus since acquiring the Keymet Property has been the northwest region of the property in the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system. At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine (source: New Brunswick Dept. of Energy and Resource Development Mineral Occurrence Database). The Keymet Mine operated during the mid-1950s, producing copper, lead, zinc and silver.  Production at this mine was terminated due to a fire at the site.

Significant precious metal – base metals deposits are reported within 4 km of the Keymet Property. The Elmtree gold deposits are located within 3 km west-southwest of the Keymet Property. The historic Nigadoo River Mine is located approximately 4 km south of the Keymet Property. Polymetallic massive sulfide veins were mined at the Nigadoo River Mine during the 1960s and 1970s with copper, lead, zinc and silver being produced. The N.B Dept. of Energy and Resource Development Mineral Occurrence Database reports shaft depth and production totals at this historic mine. Production during 1967 – 1971 is reported as 1.126 million tonnes at 2.2% Pb, 2.1% Zn, 0.24% Cu and 92.57 g/t Ag. Production during 1973 – 1977 (after a 2 year closure) is reported to be 0.733 million tonnes (only partial metal grades reported). The shaft is reported to at least 470 meter deep.

 

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Historic Keymet Mine (1950s)

Readers are warned that mineralization at the Elmtree gold deposits and historic Nigadoo River Mine is not necessarily indicative of mineralization on the Keymet Property.

Access to the Keymet Property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares and is 100% owned by the company.

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 records referred to in this News Release are accurate.

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

A Qualified Person has verified the 2015 and 2017 exploration data for Great Atlantic. The Qualified Person managed the 2015 and 2017 exploration programs for Great Atlantic at the Keymet Property. True thickness of these intersections is unknown at this time.

Zinc equivalent (% Zn Equiv.) values for drill hole intersections are based on the following metal prices (as of June 14, 2018): Zinc US$3,227 / tonne (US$1.4638 / lb.), Lead US$2,459 / tonne (US$1.1154 / lb.), Copper US$7,201 / tonne (US$3.2664 / lb.) and Silver US$16.95 per troy ounce. Metal recoveries of 100% were applied in the zinc equivalent calculations. The zinc equivalent calculation is as follows: Zn Eq. = 100 x ((Ag Price in grams x Ag Grade) + (Pb Price x 2204.6 x Pb Grade (%) / 100) + (Cu Price x 2204.6 x Cu Grade (%) / 100) + (Zn Price x 2204.6 x Zn Grade (%) / 100)) / Zn Price x 2204.6.

 

 

 

On Behalf of the board of directors

 

“Christopher R Anderson”

 

Mr. Christopher R Anderson  ” Always be positive, strive for solutions, and never give up ”

President CEO Director

 

604-488-3900 – Dir

Great Atlantic Rock Samples Return up to 5.8 oz. / ton Gold Golden Promise Property in Central Newfoundland

Posted by AGORACOM at 10:58 AM on Monday, August 28th, 2017

Image result for Great Atlantic GR

  • Six gold bearing quartz vein zones are located in the central region, “The JaclynZone”
  • Sampling program confirmed gold mineralization outcrop in four quartz vein “Outcrops”
  • Samples from three different areas exceeded 1 oz. / ton gold

VANCOUVER, BC / August 28, 2017 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received gold analytical results for rock samples collected during May and June at its Golden Promise Gold Property in central Newfoundland. Rock samples were collected in multiple areas within the property, being the initial work in a budgeted 2017 exploration program on the property. The rock sampling program confirmed gold mineralization in quartz vein boulders or outcrop in four areas. Four quartz vein samples from three different areas exceeded 1 oz. / ton gold (34.2857 grams / tonne or g/t Au), including a boulder sample returning a high value of 200 g/t Au (5.8 oz. / ton Au). Trenching has since been completed in one of these areas referred to as the Jaclyn North Zone with analyses pending for rock samples. The Golden Promise Gold Property has been expanded to the current approximate 16,500 hectares.

 

To view a map of the mining area, please click on the following link:

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The Golden Promise Property hosts multiple gold-bearing quartz veins and gold-bearing float boulders. The majority of historic work is reported at the Jaclyn Main Zone in the northern region of the property. A National Instrument (NI) 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 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 veiw a Statlite map of the mining area, please click on the following link:

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The May – June rock sampling program was focused in the central to northern regions of the property and included samples at the Jaclyn North Zone, Jaclyn West (Christopher) Zone, Shawn’s Shot vein and Branden float occurrence. The samples were submitted to ALS Minerals for gold and multi-element analysis. The most significant analytical results are listed in Table 1 (gold values are Screen Metallic Fire Assay gold analyses (total combined analyses of screen undersize and screen oversize fractions)).

 

Sample No.

Au (grams/tonne)

Au (oz./ton)

Float Boulder / Outcrop

Grab / Chip

Zone

GP-R-17-30

200

5.833

Quartz Vein Float

Grab

Branden Float Occurrence
GP-R-17-33

57.2

1.668

Quartz Vein Float

Grab

Branden Float Occurrence
GP-R-17-200

0.54

0.016

Quartz Vein Outcrop

Grab

Jaclyn West (Christopher)
GP-R-17-203

48.2

1.406

Quartz Vein Outcrop

Chip (0.32m)

Shawn’s Shot
GP-R-17-206

6.11

0.178

Quartz Vein Float

Grab

Jaclyn North
GP-R-17-207

1.63

0.048

Quartz Vein Float

Grab

Jaclyn North
GP-R-17-208

70.9

2.068

Quartz Vein Float

Grab

Jaclyn North

Table 1: May – June Golden Promise Rock Samples (grams / tonne Au /34.2857 = oz. / ton Au)

 

Samples GP-R-17-30 and GP-R-17-33 are 1.38 kilogram and 0.88 kilogram grab samples collected from two angular quartz vein boulders at the Branden float occurrence, located in the northeast region of the property, approximately 8.5 kilometers northeast of the Jaclyn Main Zone. Visible gold was identified in both boulders. Reported historic boulder sample assays for this area include 62.6, 72.1 and 80.0 g/t Au.

 

To view an image of Sample GP-R-17-30, please click on the following link:

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A portion of sample GP-R-17-30 with visible gold (sample returned 200 g/t Au or 5.8 oz./ ton Au).

 

Samples GP-R-206, 207 and 208 are 1.51, 1.50 and 1.36 kilogram grab samples of quartz vein boulders in the Jaclyn North Zone, located in the northern region of the property. The Jaclyn North Zone is reported approximately 250 meters north of the Jaclyn Main Zone. The three samples were collected east of historic drill holes at this zone. These samples are also in the vicinity of recently completed trenches.

 

To view an image of sample GP-R-17-208, please click on the following link:

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A portion of sample GP-R-17-208 (sample returned 70.9 g/t Au or 2.0 oz./ton Au)

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

 

  • 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

 

Sample GP-R-17-203 is a 0.94 kilogram, 0.32 metre chip sample across the Shawn’s Shot quartz vein. The Shawn’s Shot vein is reported in the central region of the property, approximately 7.5 km southwest of the Jaclyn Main Zone. This quartz vein is reported to be 0.35 metres wide, striking slightly southeast in an outcrop along a river. Historic grab samples of this vein were reported to return up to 100.5 g/t Au.

 

Sample GP-R-17-200 is a 1.30 kilogram outcrop grab sample from the Jaclyn West (Christopher) Zone in the northern region of the property. This sample was collected from a historic trench. The Jaclyn West Zone is reported approximately 450 meters southwest of the Jaclyn Main Zone. It is reported to have a known strike length of 35 meters and 2 metre composite vein width. A historic grab sample of a vein sub crop was reported to return 3.8 g/t Au.

 

To view an image of a sample site, please click on the following link:

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