VANCOUVER, British Columbia, February 26 2021 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has begun its maiden diamond drilling program at its Mascarene Property, located in southwest New Brunswick.
The current drilling program is being conducted in an area of anomalous rock and soil samples identified by the Company during 2020 and within the magnetic high trend. Rock samples collected by the Company during 2020 prospecting and trenching programs returned anomalous values for zinc and copper including bedrock samples of 7810 ppm zinc (0.781% Zn), 5800 ppm zinc (0.58% Zn), 806 ppm copper and 583 ppm copper and a float sample returning 1100 ppm copper. Some rock and soil samples from this area returned anomalous values for gold. The drilling program will be a minimum 600 meters with at least 3 holes to be completed.
The current drilling program is also testing within a broad northeast trending zone of magnetic high anomalies (identified during a 2001 government airborne magnetic survey). This zone of magnetic high anomalies extends through the entire Mascarene Property, including the east region where drilling is underway. Gold, silver, copper, nickel, cobalt and / or zinc mineralization is reported locally within and / or adjacent to this magnetic trend including two mineral occurrences with historic workings (Oliver Cameron Mine and Wheal Louisiana Mine occurrences) and within a small quarry referred to as the North Pit. Great Atlantic’s management speculate this magnetic high trend to be associated with a buried mafic intrusion(s) and a possible target for mafic intrusive hosted copper-nickel-cobalt deposits.
The Mascarene Property covers an area of approximately 2,080 hectares. The property is located approximately 6 kilometers southwest of the town of Saint George. Access is excellent with paved provincial roads transecting the property and within close proximity of the property.
David Martin, P.Geo., 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 “Always be positive, strive for solutions, and never give up”
President CEO Director
604-488-3900 – Dir
Please call 604-488-3900
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.
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.