VANCOUVER, British Columbia, March 3, 2021 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analytical results for 2020 prospecting rock samples collected at its Mascarene Property, located in southwest New Brunswick.
Multiple samples from the southern region of the property at and near the historic Wheal Louisiana Mine workings returned significant values for copper (up to 6.19% Cu) with +/- anomalous values for gold, nickel and cobalt.
Three rock samples were collected from rubble near a historic pit approximately 300 meters north of the historic Wheal Louisiana Mine. Two of these samples (mafic intrusive with sulfides) returned:
Prospecting and rock geochemical sampling were also conducted in the southwest region of the Mascarene Property, west-northwest of the historic Wheal Louisiana Mine. A sample of quartz vein float returned anomalous values of 2880 ppm copper (0.288%), 884 ppm nickel and 250 ppm cobalt.
The 2020 rock samples were submitted to ALS Canada Ltd. for gold assay by Fire Assay – AA and for multi-element analysis by four acid digestion and ICP-AES analysis. The 2020 prospecting and rock geochemical sampling was conducted by a Qualified Person. ALS Canada Ltd. is independent of Great Atlantic.
Historic pits / shafts are reported in multiple regions of the Mascarene Property dating back to the 1800s (New Brunswick. Dept. of Natural Resources and Energy Development Mineral Assessment Reports and Mineral Occurrence Database files), of which Great Atlantic has located such workings in the south, west and east regions of the property.
Great Atlantic is currently conducting a diamond drilling program within the east region of the Mascarene Property (see Company News Release of February 26, 2021) in an area of anomalous (copper, zinc and / or gold) rock and soil samples collected by the Company during 2020 and within a broad magnetic high trend (identified during a 2001 government airborne magnetic survey). This zone of magnetic high anomalies extends through the entire Mascarene Property. 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.
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.