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$GR.ca Great Atlantic Drills 7.59% Zinc Eq over 12.05 Meters, Discovers new Gold Zone below with 19M intercept of 0.64g/t

Posted by Er at 8:55 AM on Wednesday, December 20th, 2017

  • Initial drill samples from diamond drilling program at its Keymet Precious – Base Metal Property
  • 3.54% Zn, 0.92% Cu, 028% Pb and 115.6 g/t Ag over 12.05 meter in Ky-17-6
  • Discovery of a new gold bearing zone in Ky-17-6 (0.64 g/t Au over 19.96 meter core length).

 

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analytical results for initial drill core samples from the recent diamond drilling program at its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick. The drilling program consisting of 5 holes (totalling 679 meters) was conducted in the northwest region of the property. Analytical results received are for core samples from the first two holes (Ky-17-5 and Ky-17-6) of the program.  Highlights include 7.59% Zn Eq. (3.54% Zn, 0.92% Cu, 028% Pb and 115.6 g/t Ag) over 12.05 meter core length in Ky-17-6 and the discovery of a new gold bearing zone in Ky-17-6 (0.64 g/t Au over 19.96 meter core length).

Zinc, copper, lead and silver bearing vein in Ky-17-6.

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

The Keymet Property hosts multiple gold, silver, zinc, lead and / or copper occurrences and the Keymet deposit, site of the historic Keymet Mine.

The diamond drilling program tested the continuation of zinc, copper, lead and silver bearing veins and gold mineralization intersected by Great Atlantic during 2015 diamond drilling and trenching programs. Each of the 2017 holes intersected veins containing base metal sulfides and local disseminated arsenopyrite mineralization. Gold mineralization on the property is associated with arsenopyrite with previous Great Atlantic boulder samples returning up to 51 g/t Au. The Company has completed systematic sampling of mineralized drill core from each hole with core samples submitted to ALS Mineral in Sudbury, Ontario for analysis. The Company has received analyses for samples from holes Ky-17-5 and Ky-17-6, the first two holes in the 2017 program. Highlights include:

 

Four 2017 holes (Ky-17-5, 6, 7 and 9) were drilled in the same area as 2015 holes Ky-15-3 and 4,  approximately 1.4 kilometers northwest 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% Zn, 1.11% Cu and 152.0 g/t Ag over 1.80 meter core length in Ky-15-3 and 8.68% Zn and 44.8 g/t Ag over 4.28 meter core length in Ky-15-4). Hole Ky-15-3 also intersected a gold bearing interval (3.28 g/t Au over2.1 meter core length). The true width of these initial 2015 drill intersections is unknown at this time. The 2017 program tested the continuation of this base metal and precious metal mineralization. Each of the 2017 holes in this area intersected veins with base metal sulfides. Company management are interpreting the main veins in this target area to be within a steep dipping to vertical vein system striking approximately north – south, with all Great Atlantic drill intersections to date being within an approximately 70 meter strike length and shallow depth (above 100 meter vertical depth).

 

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

 

 

 

Hole Ky-17-6 intersected local arsenopyrite within an approximate 50 meter core width interval appearing to be east to northeast of the main base metal bearing vein zone. The gold bearing interval of 164.00 – 183.96m is within this zone of arsenopyrite mineralization.

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.

Analytical results are pending for drill core samples from Ky-17-7, 8 and 9. 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). Although not initially noted, arsenopyrite was observed locally in the drill core during detailed core logging. This hole also intersected veins with base metal sulfides approximately vertically under the trench fault zone.

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.

 

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

Great Atlantic Resource Corp. – GR – TSX.v

604-488-3900

$GR.ca Great Atlantic Grab Samples Return up to 40.8% Zinc, 8.3% Copper, 148 G/T Silver and 2.2 G/T Gold

Posted by Er at 8:26 AM on Thursday, December 14th, 2017

  • Sampling returned channel & grab samples from the Bull Road Trench
  • 15.40% Zn, 6.60% Pb, 4.66% Cu, 111.5 g/t Ag and 1.008 g/t Au over 1.05 m
  • Grab samples of trench bedrock returned up to 40.8% Zn, 5.50% Pb, 8.38% Cu, 148.1 g/t Ag and 2.275 g/t Au

 

GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analytical results for a second batch of rock samples collected during a recent trenching program at its Pilley’s Island Base Metal – Precious Metal Property, located in north-central Newfoundland. The exploration program was jointly operated with option partner Unity Resources. The samples included channel and grab samples from a recently excavated trench referred to as the Bull Road Trench. Results for channel samples included 15.40% Zn, 6.60% Pb, 4.66% Cu, 111.5 g/t Ag and 1.008 g/t Au over 1.05 meters and 17.30% Zn, 0.10% Pb, 2.97% Cu, 31.2 g/t Ag and 0.449 g/t Au over 0.70 meters. Grab samples of trench bedrock returned up to 40.8% Zn, 5.50% Pb, 8.38% Cu, 148.1 g/t Ag and 2.275 g/t Au. The property hosts an historic copper mine along with zinc, lead, copper (+ / – gold, silver) occurrences.

 

The second batch of trench rock samples were collected at the recently excavated Bull Road Trench, located at the Bull Road Showing. Reported historic trench samples at Bull Road include 12.42% Zn, 3.87% Cu, 0.95% Pb and 0.71 oz./ton Ag over 4.6m. One historic drill hole at this showing was reported to intersect 22.2% Zn, 4.4% Pb, 0.1% Cu and 0.96 oz. / ton Ag over 0.65m core length within an intersection of 7.85m grading 3.41% Zn, 0.66% Cu, 0.51% Pb, and 0.34 oz./ton Ag. The recent trenching program included re-opening and re-evaluating the historic Bull Road Showing.

 

Recent trenching along the trace of the Bull Road Showing exposed mineralization over a northwest-southeast length of 130m with a width varying between 1-7m. The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide clasts up to greater than a metre in length. Five initial rock grab samples included two samples of massive sulfide clasts returning 27.50% Zn, 20.00% Pb, 5.78% Cu and 63.4 g/t Ag; and 16.40% Zn, 6.50% Pb, 2.02% Cu and 41.7 g/t Au, while a sample of another sulfide clast returned 8.36% Cu (News Release of November 16, 2017).

 

The second batch of rock samples from the Bull Road Trench consisted of eight channel samples and seven grab samples, all from clasts of semi-massive sulfide to massive sulfide, including some with pyrite dominant (containing lesser base metal sulfides). The samples were analyzed at Eastern Analytical in Springdale, Newfoundland.

The channel samples were collected in the southeast region of the trench within an approximate 22 meter section of the trench. The channels samples were collected across selected clasts at generally right angles to the long dimension of the clasts. Samples 1256004 and 1256005 were from one continuous 2 meter long channel. Samples 1256007 and 1256008 were also from one continuous 2 meter long channel. The objective was to obtain preliminary data on metal content of clasts. The limited grab sampling extended into the northwest region of the trench, with grab samples collected locally within an approximate 100 meter long section of the trench.

 

 

 

Bull Road Trench

 

Massive sulfide mineralization at Bull Road Trench.

 

Massive sulfide mineralization at Bull Road Trench

 

Massive sulfide mineralization at Bull Road Trench

Great Atlantic is planning a diamond drilling program for 2018 at the Bull Road showing. Additional channel sampling is planned for 2018 at the Bull Road Trench.

 

The Pilley’s Island Property hosts an historic mine with reported historic estimated reserves of 1.159 million tonnes grading 1.23% Cu or 627,373 tons at 2.34% Cu and 0.01 oz. / ton Au. The Property also hosts other base metal – precious metals occurrences including the Bull Road showing and Fragmental Zone.

 

The Pilley’s Island Property consists of 7 adjoining licences covering a total are of 875 hectares. Access to and infrastructure at the property is excellent. The property is serviced with power mains and government maintained roads and is within 2 km of tide water. The property is located within a mining friendly district.

 

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 Persons 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.

Pilley’s Island Trench Samples Return up to 27.5% Zinc, 20.0% Lead, 8.36% Copper and 63.4 g/t Silver, Newfoundland $AGB.ca $MOZ.ca $SZM.ca

Posted by Er at 10:09 AM on Thursday, November 16th, 2017

  • Pilley’s Island Base Metal – Precious Metal Property- Located in North-Central Newfoundland
  • Grab samples collected from trenches returned up to 27.5% Zn, 20.0% Pb, 8.36% Cu and 63.4 g/t Ag
  • Diamond drill program is to commence in late November.

 

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received initial analytical results for rock samples collected during a recent trenching program at its Pilley’s Island Base Metal – Precious Metal Property, located in north-central Newfoundland. The exploration program was jointly operated with option partner Unity Resources. Rock grab samples collected from the trenches returned up to 27.5% Zn, 20.0% Pb, 8.36% Cu and 63.4 g/t Ag. Great Atlantic and Unity Resources are planning a diamond drilling program on the property to commence in late November. The property hosts an historic copper mine along with several zinc, lead, copper (+ / – gold, silver) occurrences.

 

 

One area of recent trenching was the Bull Road showing. Previous historic work included trenching and drilling with 7 holes sunk on the showing. Reported historic trench samples at Bull Road include 12.42% Zn, 3.87% Cu, 0.95% Pb and 0.71 oz./ton Ag over 4.6m. One historic drill hole at this showing was reported to intersect 22.2% Zn, 4.4% Pb, 0.1% Cu and 0.96 oz./ton Ag over 0.65m core length within an intersection of 7.85m grading 0.66% Cu, 0.51% Pb, 3.41% Zn and 0.34 oz./ton Ag. The recent trenching program included re-opening and re-evaluating the historic Bull Road Showing.

 

Trenching along the trace of the Bull Road Showing exposed mineralization over a length of 130m with a width varying between 1-7m. The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide clasts up to greater than a metre in length.

 

Rock grab samples taken from selected styles of mineralization during the current program are presented in the table below.

 

Massive sulfide mineralization at Bull Road Trench.

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

 

Massive sulfide mineralization at Bull Road Trench

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

 

Massive sulfide mineralization at Bull Road Trench

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

 

Bull Road Trench

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

 

The Bull Road showing will be targeted during the upcoming diamond drill program.

 

The Pilley’s Island Property hosts an historic mine with reported historic estimated reserves of 1.159 million tonnes grading 1.23% Cu or 627,373 tons at 2.34% Cu and 0.01 oz./ton Au. This volcanogenic massive sulphide deposit is analogous to Kuroko/Buchans style mineralization. The Property also hosts other base metal – precious metals occurrences including the Bull Road showing and Fragmental Zone.

 

The Pilley’s Island Property consists of 7 adjoining licences covering a total are of 875 hectares. Access to and infrastructure at the property is excellent. The property is serviced with power mains and government maintained roads and is within 2 km of tide water. The property is located within a mining friendly district.

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

Posted by Er 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

 

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

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

 

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

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.

 

 

Great Atlantic $GR.ca Begins Diamond Drilling Program at Keymet Precious – Base Metal Property Bathurst, New Brunswick

Posted by Er at 4:35 AM on Monday, October 2nd, 2017
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
  • Keymet Precious – Base Metal Property hosts multiple gold, silver, zinc, lead and copper occurrences.
  • Drill holes will test continuation of mineralized veins intersected by Great Atlantic during 2015
  • Drilling will also target a gold bearing zone exposed during 2015 exploration program
VANCOUVER, BC / ACCESSWIRE / October 2, 2017 / GREAT ATLANTIC RESOURCES CORP. (TSX-V: GR) (the “Company” or “Great Atlantic”) is pleased to announce it has begun a diamond drilling program at its Keymet Precious – Base Metal Property, located in northeast New Brunswick. The Keymet property, located approximately 20 kilometres northwest of Bathurst, hosts multiple gold, silver, zinc, lead and copper occurrences. Drilling is being conducted in the northwest region of the property, northwest of the historic Keymet Mine which is situated on the property. Drill holes will test continuation of zinc, copper and silver bearing veins intersected by Great Atlantic during 2015 diamond drilling (16.7% zinc, 1.1% copper and 152 grams per tonne silver over 1.8-meter core length and 8.7% zinc over 4.28-meter core length) and the continuation of a gold bearing zone discovered by Great Atlantic during 2015 trenching (1.1 g/t gold over 4.9 meters in channel samples).

To view a map of the location of the Base Metal Property in New Brunswick, please click on the following link:

https://ww4.fscwire.com/sites/default/files/NR/1096/19931_greatatlantimage1.png

Multiple base metal and silver bearing vein occurrences are reported in this region, including the past producing Keymet Mine which operated during the 1950s. Gold bearing boulders and gold bearing bedrock in trenches have been discovered by Great Atlantic in this area. Great Atlantic drilled two holes in 2015 (Ky-15-3 and Ky-15-4), approximately 1.4 kilometers north west of the historic Keymet Mine in an area referred to as the Elmtree 12 occurrence. The 2015 holes intersected base metal and silver bearing veins and a gold bearing interval. Drilling will test the continuation of this base and precious metal mineralization.

 

Both Ky-15-3 and Ky-15-4 were drilled from the same set-up to the northeast approximately under a mineralized vein exposed in a previous 2015 trench. 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 over 4.28 metre core length), approximately 35 metres vertically under the main vein intersected in Ky-15-3. Hole Ky-15-3 also 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.

 

Drill holes are planned on either side of holes Ky-15-3 and Ky-15-4 to test the continuation of the zinc, copper and silver bearing veins along strike and to test the continuation of the gold bearing zone intersected in Ky-15-3.

 

Historic Keymet Mine (1950s)

 

To view the Historic Keymet Mine, please click on the following link:

 

https://ww4.fscwire.com/sites/default/files/NR/1096/19931_greatatlantimage2.jpg

 

To view an image of the Keymet Base, please click on the following link:

 

https://ww4.fscwire.com/sites/default/files/NR/1096/19931_greatatlantimage3.png

 

 

Drilling will also be conducted at a gold bearing zone exposed in 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 zone is approximately 80 metres southwest of the collars of holes Ky-15-3 and Ky-15-4. The Company had previously discovered gold bearing silicified sedimentary boulders in this area during 2011 and 2012 programs (boulder samples returned up to 51 grams per tonne Au).

 

To view an image of the following, please click on the below link:

https://ww4.fscwire.com/sites/default/files/NR/1096/19931_greatatlantimage4.jpg

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

 

The Elmtree 12 base metal and silver bearing vein occurrence is located approximately 1.4 kilometres northwest of the 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 a 50 metre vertical depth. Great Atlantic 2015 trenches and drill holes Ky-15-3 and Ky-15-4 are in the vicinity of these 1980s drill holes.

 

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 an image of the following, please click on the below link:

 

https://ww4.fscwire.com/sites/default/files/NR/1096/19931_greatatlantimage5.jpg

 

Zinc, copper and silver bearing vein in 2015

 

Trench at Elmtree 12 Vein Occurrence

 

The Company is also pleased to announce it has arranged a non-brokered private placement of 2,777,777 million flow through units at a price of $0.18 cents per unit for gross proceeds of $500,000. Each Flow-Through Unit consists of one common share that qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act and one (non) transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of Cdn$0.22 per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.35 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. Directors, officers or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securities of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings. A finder’s fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders’ fees are both subject to approval by the TSX-V.

 

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”

 

604-488-3900
Office@GreatAtlanticResources.com

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

Posted by Er 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)

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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

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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.

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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 Er at 7:52 AM on Thursday, September 14th, 2017

 

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  • 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.