Great Atlantic Completes Focused Prospecting and Rock Sampling at
South Quarry Tungsten Property, East-Central Newfoundland
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
VANCOUVER, British Columbia – September 21, 2017 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has completed a focussed prospecting and rock sampling program at its South Quarry Tungsten Property, located in east-central Newfoundland. The program focussed on areas of tungsten soil geochemical anomalies and a gold soil geochemical anomaly as identified during the 2015 exploration program. Analyses are pending for rock samples collected during this program including tungsten and gold analyses.
The prospecting and rock sampling program was conducted in areas of tungsten soil geochemical anomalies in the northern and southern regions of the South Quarry Property. The 2015 soil geochemical survey identified tungsten anomalies including samples in multiple areas exceeding 100 parts per million (ppm) tungsten (up to 1380 ppm). The recent prospecting and rock sampling also focused on a gold soil anomaly (0.054 ppm) in the northeast region identified during the 2015 soil geochemical survey. Rock samples were collected in multiple regions of the property during the recent program and have been submitted to Eastern Analytical for gold, tungsten and multi-element analysis.
Significant tungsten mineralization is reported in at least three areas within the South Quarry Property. In the northern half of the property, tungsten mineralization occurs in two close-spaced quarries. Tungsten bearing pegmatite veins are present in these quarries, one of which is referred to as the South Quarry. Sampling by Great Atlantic during 2015 confirmed tungsten bearing pegmatite veins in the South Quarry and the adjacent smaller quarry. Multiple grab samples collected by Great Atlantic in 2015 from bedrock and rubble in these quarries exceeded 1% WO3 with 12 grab samples exceeding 5% WO3 (W % times x 1.26 equals WO3 %) (News Release of November 19, 2015). Historical reports document exploration by Kidd Creek Mines during the 1980s in the area of these two quarries. Kidd Creek reported tungsten bearing (scheelite) veins in a stripped area at the approximate location of the smaller quarry. Kidd Creek reported multiple vein channel samples from this trench to exceed 1% WO3 (27 channel samples of veins from one part of the trench were reported to average 1.79% WO3).
Tungsten bearing veins in bedrock were exposed during a 2016 Great Atlantic trenching program northeast to north of the two quarries. A grab sample from a 0.13 meter wide vein in one trench returned 0.72% WO3. The 2017 prospecting and sampling program included this region.
Tungsten Bearing Pegmatite Veins at South Quarry
Tungsten mineralization is also documented in the southern region of the South Quarry Property. Kidd Creek Mines reported narrow tungsten-bearing calc-silicate horizons during 1980s trenching and diamond drilling programs. One Kidd Creek drill hole reportedly intersected multiple mineralized horizons and reported intersections of 0.39% WO3 / 0.36 meters, 0.32% WO3 / 0.45 meters, 0.33% WO3 / 0.4 meters , 0.49% WO3 / 1.0 meters, 0.75% WO3 / 0.20 meters and 0.71% WO3 / 0.20 meters. The 2017 prospecting and sampling program included the southern region of the property.
Access to the property is excellent with a paved road transecting the property.
Tungsten Bearing Boulder at 2016 Trench 2 Site – Northern Region of South Quarry Property
Christopher R. Anderson, President, CEO. and Director, stated “We understand the tungsten market and feel that the South Quarry Tungsten Property, although early stage, has the ear marks of being a significant asset for Great Atlantic’s property portfolio. We are looking forward to advancing this project further, and are actively seeking partners and additional expertise to help us do so.”
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
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.