FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – September 20, 2016 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has begun a trenching program at its South Quarry Tungsten Property, located in east-central Newfoundland.
The trenching program is being conducted in the northern region of the South Quarry Property. The program is focussed on 3 areas north to northeast of 2 quarries. Tungsten bearing pegmatite veins are present in these quarries, one of which is referred to as the South Quarry. Trenches are being excavated north-northeast of these quarries in areas of tungsten soil anomalies which were identified during the 2015 exploration program. Kidd Creek Mines reported tungsten bearing boulders during the 1980s in this northern region including areas of the current trenching program. Kidd Creek also reported a tungsten bearing pegmatite vein in one trench in this northern region.
Sampling by Great Atlantic during 2015 confirmed tungsten bearing pegmatite veins in the South Quarry and an adjacent smaller quarry. Multiple grab samples collected by Great Atlantic in 2015 of bedrock and rubble in these quarries exceeded 1% WO3 with 12 samples exceeding 5% WO3 (News Release of November 19, 2015).
Christopher R. Anderson, President and CEO., stated “We understand the tungsten market and feel that the South Quarry Tungsten project, 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 will be actively seeking partners and additional expertise to help us do so.”
Access to the property is excellent with a paved road transecting the property.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
Trench #2: North region of South Quarry Property
Scheelite bearing pegmatite vein in Trench #8 (north region of South Quarry Property)
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.
Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4