VANCOUVER, British Columbia – September 14th, 2022 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has begun the 2022 exploration program at its 100% owned McDougall Road Antimony- Gold Project, located in western New Brunswick. Prospecting and rock geochemical sampling are currently underway in multiple regions of the property. Great Atlantic previously identified antimony and gold soil geochemical anomalies within the project in the area of a regional fault.
The current prospecting and rock sampling program is more focussed within the southern region of the McDougall Road Project in the reported area of the Woodstock fault (a regional structure in western New Brunswick). The Company has located and sampled numerous quartz vein float boulders in this area during the current program. Rock samples from the 2022 program will be submitted to an independent, certified laboratory for gold assay and multi-element analysis.
The Golden Ridge gold deposit occurs approximately 13 km southwest of the McDougall Road Project in the area f the Woodstock Fault. Readers are warned that mineralization at the Golden Ridge deposit is not necessarily indicative of mineralization within the McDougall Road Project.
An antimony bearing vein was reported during the 1990s within the central region of the McDougall Road Project, reported to be 12 centimeters wide of which a sample was reported to return 11.6% antimony (after Hoy, 1998; Report of Work No. 475212 on file with the New Brunswick Department of Natural Resources and Energy Development). A qualified Person has not verified the reported vein / data for Great Atlantic. The Company has not located the reported vein.
Great Atlantic identified local antimony and gold soil geochemical anomalies in the central region of the McDougall Road Project during a 2015 geochemical survey with samples returning up to 62 parts per million (ppm) antimony and up to 0.033 ppm gold. The samples were analyzed by ALS Canada Ltd. for gold by Fire Assay – AA and for antimony by four acid – ICP-MS. ALS Minerals is independent of Great Atlantic.
A Qualified Person supervised the 2015 exploration program at the McDougall Road Project. The 2022 program is being supervised by a Qualified Person.
The property, totalling approximately 330 hectares, occurs within an under-explored area of western New Brunswick. There are no reports of diamond drilling within the project area as per compilation by Great Atlantic management of historic exploration data for the project.
David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador), 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.
On Behalf of the board of directors
“Christopher R Anderson”
Mr. Christopher R. Anderson
President CEO Director
604-488-3900 – Office
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, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.
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