FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH01 Great Atlantic Drilling Update Intersects Base Metal Sulfides in Semi-Massive Sulfide Veins and Indicator Mineral for Gold Mineralization
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH01
Great Atlantic Drilling Update
Intersects Base Metal Sulfides in Semi-Massive Sulfide Veins and
Indicator Mineral for Gold Mineralization
100% Owned Keymet Precious & Base Metal Property,
New Brunswick
__________________________________________________________________
VANCOUVER, British Columbia – September 09 , 20 21 – GREAT ATLANTIC
ESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to
announce it is continuing to drill but has completed the first seven drill holes of the 2021
diamond drilling program at its Keymet Base Metal – Precious Metal Pro ject, located in
Northern New Brunswick. The drilling program is testing numerous target areas in the northwest
region of the property. Veins containing semi-massive sulfides (including copper, zinc and lead
sulfides) and arsenopyrite (an indicator for potential gold mineralization) w ere intersected in
multiple holes. Analytical results are pending.
Semi-massive sulfides (chalcopyrite, sphalerite, galena and pyrite) in Ky-21-27
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The seven holes completed to date during 2021 (Ky -21-23 to Ky -21-29) tested areas of
polymetallic (zinc, copper, lead and silver) veins; untested electromagnetic anomalies; and gold
bearing bedrock and float.
The Company previously discovered high grade gold, silver, copper and zinc in this region,
including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silve r
over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.
Five of the seven holes compl eted to date during the 2021 program have intersected veins
hosting copper, zinc and lead sulfide mineralization , including veins with semi-massive sulfides.
These include drill holes Ky -21-23 which tested the possible extension of the Elmtree Silver
Mine vein occurrence southeast of the historic shaft ; Ky-21-25 which tested a new target area;
Ky-21-27 and Ky21 -28 which tested the Elmtr ee 12 polymetallic vein system; and Ky -21-29
which was the first drill hole into an electromagnetic anomaly.
Five of the seven holes completed to date (Ky-21-25 to Ky-21-29) during the 2021 program have
intersected intervals with arsenopyrite mineralizati on. Previous work by the Company has
identified gold mineralization associated with arsenopyrite mineralization in this region of the
property.
Drill hole Ky -21-30 is currently underway, testing deeper than previous drilling in the Elmtree
12 vein system.
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The drill core is being geologically logged and with mineralized intervals (with base metal
sulfides and arsenopyrite) being sampled. Half core samples will be submitted to an independent
laboratory for multi-element analysis (including gold, zinc, copper, lead and silver). The 2021
exploration program is being managed by a Qualified Person.
High grade silver and lead is reported at the Emtree Silver Mine historic workings by the New
Brunswick Department of Energy and Resource Development.
Great Atl antic discovered high -grade zinc, copper and silver mineralization at th e Emtree 12
polymetallic vein system during 2015 - 2018 drilling programs including:
• Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.
• Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.
• Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.
• Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.
• Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.
• Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.
• Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.
The Company is also conducting prospecting and rock / soil geochemical sampling during 2021
in the central region of the property with a focus on gold.
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Historic Keymet Base Metal - Silver Mine (1950s)- burnt down and was never recapitalized
Located 8KM away from the previous operating
Nigadoo Mine that operated for over twenty years
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.
Historic gold bearing samp ling and gold soil anomalies referred to in the news release have not
been verified by a Qualified Person.
The Keymet Property covers an area of approximately 3,400 hectares and is 100% owned by the
Company.
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
Investor Relations:
Andrew Job 1-416-628-1560 IR @ GreatAtlanticResources.com
Office Line 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 Atl antic 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.
Great Atlantic Resource Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4