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CLIENT FEATURE: Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $MOZ.ca $SIC.ca

Posted by AGORACOM-Eric at 12:43 PM on Thursday, January 24th, 2019
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  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is 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
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FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

$GR.ca Great Atlantic Resources Option Partner Completes Drill Program on Kagoot Brook Co-Mn Base Metals Project, New Brunswick

Posted by AGORACOM-Eric at 9:44 AM on Monday, January 21st, 2019
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  • Option partner completed maiden drill program at the Kagoot Brook Cobalt/Manganese base metals property in New Brunswick
  • The two holes, 500 metre program was designed to drill along one transect across the target stratigraphy within the 4 x 1 km target area.

GREAT ATLANTIC RESOURCES CORP. (TSX-v: GR) (the “Company” or “Great Atlantic”) is pleased to announce its option partner Explorex Resources Inc. has completed its maiden drill program at the Kagoot Brook Cobalt/Manganese base metals property in New Brunswick prior to the Christmas Break. The Company completed two holes for a total 500 metres. This initial two-hole drilling program was limited in scope and designed to drill along one transect across the target stratigraphy within the 4 x 1 kilometre target area.

The Explorex geological crew has returned to New Brunswick to finish processing the core produced during the December 2018 drilling program. It is anticipated that the processing of the core will take one week to complete, and results should be available mid to late February.

Kagoot Brook Co – Mn – Base Metals Project

Historical work at Kagoot Brook has delineated two drainages, two kilometres apart, that exhibit a series of remarkably anomalous cobalt values up to 6,000 ppm* in the silts (see Explorex news releases dated May 31 and February 14, 2018).

Follow-up stream silt sampling programs performed by the Explorex during 2018 revealed:

  1. a significant concentration of and a strong relationship of cobalt with manganese and associated base metals (nickel, copper, lead and zinc);

  2. the relative percentage of the cobalt to manganese indicates a favourable high cobalt tenor (i.e. grade component); and

  3. a distinct upstream cut-off of the cobalt mineralization (see Explorex news release dated November 5, 2018).

The project area is blanketed by a thin till cover with little or no outcrop and the in-stream silt grade cut-offs are interpreted to closely reflect the southern contact of the underlying mineralized horizon. The grade cut-offs align well with stratigraphy adding confidence to the >2 km inferred potential length of mineralization along the geological trend.

*Note: The stream silt samples reported in this release are solely designed to show the presence or absence of mineralization and to characterize the mineralization. Silt samples are by definition selective and not intended to provide nor should be construed as a representative indication of grade or mineralization at the projects.

Technical Information in this news release has been reviewed by David Martin, P Geo., a Qualified Person as that term is defined in NI 43-101.

Option agreement

The Kagoot Brook property is 100 per cent owned by Great Atlantic Resources and is subject to an underlying agreement with Explorex Resources Inc. Explorex Resources is acquiring up to a 75-per-cent interest in the project (please see Great Atlantic Resources’ news release dated Feb. 14, 2018).

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

“Christopher R Anderson

Mr. Christopher R. Anderson “Always be positive, strive for solutions, and never give up”
President CEO Director
604-488-3900 – Dir

$GR.ca Great Atlantic Drills Keymet Base Metal Project, Newfoundland

Posted by AGORACOM-Eric at 9:00 AM on Wednesday, October 18th, 2017

  • Keymet is a past producing Pollymetallic property
  • Hole Ky-17-6 included 50M of arsenopyrite which has traditionally carried gold at Keymet
  • Pollymetallic mines are the most sought after Base Metal projects due to presence of multiple ore types

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has completed a diamond drilling program at its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick. The Keymet property hosts multiple gold, silver, zinc, lead and / or copper occurrences and the Keymet deposit, site of the historic Keymet Mine. The drilling program (5 holes totalling 679 meters) was conducted in the northwest region of the property, northwest of the historic Keymet Mine.

 

“We are very encourage at this year’s drill program and are enthusiastically awaiting all the results but particularly interested in the unexpected arsenopyrite within a 50 meter core length interval in hole Ky-17-6, traditionally arsenopyrite has carried Gold on this property.  As well we want to say a special thanks to Don and the guys at Orbit Garant Drilling, excellent job “Says: Christopher R Anderson CEO

 

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

 

The program tested the continuation of zinc, copper and silver bearing veins and a gold mineralization intersected by Great Atlantic during 2015 diamond drilling and trenching programs. All five holes intersected veins hosting base metal sulfides while three holes also intersected arsenopyrite mineralization. Gold mineralization on the property is associated with arsenopyrite.  The Company is conducting systematic sampling of mineralized drill core from the recent program.

 

Gold bearing boulders (samples up to 51 grams / tonne (g/t) Au) and gold bearing bedrock in trenches and drill core have been discovered by Great Atlantic in the northwest region of the property. Great Atlantic drilled two holes in 2015 at one site in this region (Ky-15-3 and Ky-15-4), approximately 1.4 kilometers of the historic Keymet Mine, in an area referred to as the Elmtree 12 occurrence. Both 2015 holes intersected base metal and silver bearing veins (including 16.68% zinc, 1.11% copper and 152.0 g/t silver over 1.80 metre core length in Ky-15-3 and 8.68% zinc and 44.8 g/t silver Ag over 4.28 metre core length in Ky-15-4). Hole Ky-15-3 also intersected a gold bearing interval (3.28 g/t Au over 2.1 meter core length). The true width of these initial 2015 drill intersections is unknown at this time. The recent drilling tested the continuation of this base metal and precious metal mineralization.

 

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

 

Each of the 2017 drill holes intersected veins with copper, lead and zinc sulfide mineralization. Arsenopyrite mineralization has been observed in three of these holes. Gold mineralization in boulders and bedrock in this area is associated with arsenopyrite.

 

Holes Ky-17-5, 6, 7 and 9 of the recent program were drilled in the same area as 2015 holes Ky-15-3 and 4. Each of these four holes intersected base metal bearing veins. Company management are interpreting the main veins to be within a steep dipping to vertical vein system to strike approximately north – south, with all Great Atlantic drill intersections to date being within an approximately 70 meter strike length and shallow (above 100 meter vertical depth).  Hole Ky-17-6 intersected local arsenopyrite within an approximate 50 meter core length interval appearing to be east to northeast of the main base metal bearing vein zone.  Holes Ky-17-5 and 7 also intersected local arsenopyrite.

 

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

 

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

Veins containing copper, zinc and lead sulfide mineralization in hole Ky-17-07

 

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Vein containing copper and zinc sulfide mineralization in hole Ky-17-05.

 

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Vein containing zinc and lead sulfide mineralization in hole Ky-17-8

 

Hole Ky-17-8, located approximately 80 meters southwest of holes Ky-17-5, 6 and 7, tested the down-dip extension of a gold bearing zone discovered by the Company in a 2015 trench (channel samples returning 1.1 g/t Au over 4.9 meters). The gold bearing zone in the trench is characterized by minor arsenopyrite in metasediments and increased quartz veining. A fault zone is also exposed in the trench hosting base metal and silver mineralization (2015 grab sample returned 8.99% lead, 1.76% zinc, 0.80% copper and 237 g/t silver). Arsenopyrite is not apparent in Ky-17-8 drill core. However quartz veining was intersected under the trench gold zone. The hole also intersected veins with base metal sulfides approximately vertically under the trench fault zone.

 

Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) in the area of holes Ky-15-3, 4, Ky-17-5, 6, 7 and 9 intersected near-surface mineralized veins (Elmtree 12 vein occurrence). A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu, 11.36% Zn an 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. Great Atlantic personnel found loose casing in this area during 2015. It is uncertain which historic hole this represents.

 

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.

 

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

 

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.