FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH01 Great Atlantic’s Newly Discovered Gold Bearing Outcrop with Float, Sampled over 30 Meters 90 % of Samples Highly Anomalous in Gold Up To 5.7 G/T Gold
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH01
Great Atlantic’s Newly Discovered
Gold Bearing Outcrop with Float, Sampled over 30 Meters
90 % of Samples Highly Anomalous in Gold Up To 5.7 G/T Gold
Golden Promise Gold Property, 100% Owned
In the
Hottest Emerging Gold District In North America
________________________________________________________ ______
VANCOUVER, British Columbia, February 18, 2021 – GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is p leased to announce it has
received additional analytical results for 2020 rock samples collected at the Newly Discovered
Gold Bearing Outcrop. The Otter Brook Gold Showing, is located within the east-central region
of the Golden Promise Property.
Four rock grab samples
from float boulders and
outcrop returned 1.44, 1.93,
2.92 and 3.53 grams per
tonne (g/t) gold.
A previous 2020 rock
sample from this showing
returned 5.75 g/t gold
(Company News Release of
December 3, 2020).
The Otter Brook showing
has not been drilled.
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Eleven rock grab samples were collected during the 2020 program from the Otter Brook showing,
located in the east -central region of the Golden Promise Property. The samples were collected
during two separate visits by Company prospectors over a 30 meter length.
Sample No. Float / Outcrop Au (g/t)
430094 Outcrop 5.758
430095 Outcrop 0.719
430239 Float 2.928
430240 Float 3.534
430241 Float 0.783
430242 Outcrop 1.441
430243 Float 0.888
430244 Float 1.936
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A grab sample collected during the first visit from gabbro outcrop with quartz veining and
sulfide mineralization returned 5.75 g/t gold (Great Atlantic News Release of December 3,
2020). Six rock samples were collected during the second visit to the showing later in 20 20, all
returning significant levels of gold in range of 0.78 to 3.53 g/t gold while also returning up to
0.30% copper.
These c onsisted of sulfide bearing quartz breccia and sulfide bearing mafic rock with quartz
veining. Samples exceeded 0.5 g/t gold from 2020 sampling at the Otter Brook showing include
(gold converted from parts per billion to g/t)
The 2020 prospecting rock samples were submitted to Eastern Analytical Ltd. for gold and multi-
element analysis. The samples were assayed for gold (Fire Assay – AA) and analyzed for 34
elements by ICP-OES.
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The Golden Promise Property hosts multiple gold bearing quartz veins and is located within a
region of recent significant gold discoveries. The property is located within the Exploits Subzone
of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the
north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano -sedimentary
terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part,
contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the
RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold
discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the
Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and
New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that
mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is
not necessarily indicative of mineralization on the Golden Promise 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.
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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
Investor Relations:
Please call 604-488-3900
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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 criti cal 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 develo pments 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 a ctual 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 av ailability 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