Keymet is a high priority precious metal - base metal property, located in
northeast New Brunswick near Bathurst. The property covers an area of
approximately 3400 hectares. Polymetallic veins (copper, lead, zinc, and
silver) were mined during the 1950s in the northern region at the historic
Keymet Mine. Historic exploration by multiple companies dates back to the
late 1800’s with multiple mineralized veins reported in the northern region,
including the historic Keymet Mine (source: New Brunswick Department of
Energy and Resource Development files).
Great Atlantic conducted diamond drilling at the Elmtree 12 vein system in 2015
and 2017. Intersections include 16.68% Zn, 1.11% Cu and 152 g/t Ag over
1.80 meters (in hole Ky-15- 3) and 8.68% Zn, 0.29% Cu and 44 g/t Ag over
4.28 meters (in hole Ky-15- 4 approx. 35m vertically under the Ky-15- 3
intersection). A qualified person has verified this drill hole data. A qualified
person managed the drilling / sampling programs and verified hole locations -
directions, sample intervals and analytical data. The drill core samples (and
lab-inserted blank, standard and duplicate samples) were analyzed by ALS
Canada in North Vancouver, BC (gold by Fire Assay – Atomic Absorption and
lead, zinc, copper and silver by Inductively Coupled Plasma – Atomic
Emission Spectroscopy or Atomic Absorption). ALS Minerals is independent
of Great Atlantic. Trenching by Great Atlantic in 2015 in this area intersected a
gold bearing zone of which channel samples across the zone graded 1.1 g/t
Au over 4.9 meters. A qualified person has verified this trench channel sample
data through management of the trenching / sampling program and
verification of the sample intervals and analytical data. The channel samples
(and lab-inserted blank, standard and duplicate samples) were analyzed by
ALS Canada in North Vancouver,BC with gold analysis by Fire Assay – Atomic
Absorption. Host rocks in this area are meta-sediments.
Gold bearing zones are documented west of the Keymet property on an
adjacent property. Great Atlantic has no interest in this adjacent property.