Flying Over South Quarry

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South Quarry is a high priority tungsten property with lithium potential, located in east-central Newfoundland. The property covers an area of 3600 hectares. The project contains tungsten bearing quartz-mica-feldspar pegmatite veins and tungsten bearing calc-silicate horizons, being discovered during the 1980s. Tungsten bearing veins occur in the northern region at a quarry called the South Quarry. Numerous similar veins were reported in a 200 by 10 meter stripped area north of this quarry. A series of 27 vein channel samples in one part of this stripped area were reported to average 1.79% WO3. A near-by drill hole was reported to intersect 2.77% WO3 / 0.9 meters in altered limestone (possible skarn). Trenching and drilling in the southern region of the property intersected local narrow tungsten-bearing calc-silicate horizons. Great Atlantic confirmed high grade tungsten mineralization (scheelite) in veins in rubble and bedrock in the South Quarry and an adjacent smaller quarry (site of previous stripped area). Ten rubble grab samples exceeded 5% WO3 (3 of which exceeded 10% WO3). A 20 cm channel sample across one vein returned 2.96% WO3 while a grab sample from a 0.25 meter wide vein in the South Quarry returned 11.94% WO3. Host rocks are sediments and metasediments including calcareous layers (limestone reported locally). Granite intrusions are reported peripheral to the property. Some samples collected by Great Atlantic were anomalous for lithium (up to 297 ppm Li).