FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Confirms New Antimony Discovery 1.56% Antimony 100% Owned McDougall Road Antimony – Gold Property New Brunswick
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Confirms
New Antimony Discovery 1.56% Antimony
100% Owned McDougall Road Antimony – Gold Property
New Brunswick
VANCOUVER, British Columbia – May 16 2024 - GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has
received analytical results for rock samples collected during 2023 at its 100% owned McDougall
Road Antimony - Gold Property, located in western New Brunswick.
The analytical results
confirm a ntimony
mineralization in an
outcrop within the
area of a reported
regional fault zone. A
grab sample from
this outcrop exposure
returned 1.56%
antimony,
representing a new
discovery for the
Company. Great
Atlantic previously
identified antimony
and gold soil
geochemical
anomalies in th is
region of the
property.
Site of 1.56% Antimony Rock Sample (outcrop grab sample)
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The antimony bearing outcrop exposure was located during 2023 within the central region of the
McDougall Road P roperty in the reported area of the Woodstock Fault (a regional structure in
western New Brunswick). The outcrop exposure contains stibnite (antimony sulfide)
mineralization. Sample 6308 -23-08 (outcrop grab sample) returned 1.56% antimony. This
outcrop is highly siliceous and possibly silicified (lithology unknown at this time) with highly
oxidized and crumbly parts (possible fault). The outcrop also contains pyrite mineralization. A
second 2023 grab sample from this outcrop returned a highly anomalous antimony value of 2,250
parts per million (ppm).
Antimony mineralization was reported during the late 1990s in the central region of the McDougall
Road Property in the area of the Woodstock Fault. A late 1990s vein sample from this area was
reported to yield 11.6% antimony (after Hoy, 1998; Report of Work No. 475212 on file with the
New Brunswick Department of Natural Resources and Energy Development). A qualified Person
has not verified this reported vein / data for Great Atlantic . Although in the same area as the
reported 1990s vein discovery, Great Atlantic management are interpreting the 2023 antimony
discovery as being a separate discovery as it does not appear to be a distinct single vein.
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Rock samples from the 2023 program were analyzed by ALS Canada Ltd. for gold by fire assay –
AA and for 34 elements (including antimony) by four acid digestion and ICP -AES analysis.
Sample 6308-23-08 exceeded the upper 10,000 ppm analytical limit for antimony by this method.
The sample was re-analyzed for antimony by XRF (following lithium borate fusion) with the result
being 1.56% antimony. ALS Canada Ltd. is independent of Great Atlantic. A Qualified Person
supervised the 2023 exploration program at the McDougall Road Property.
Great Atlantic identified local antimony and gold
soil geochemical anomalies in the central region
of the McDougall Road Pro perty during a 2015
geochemical survey with samples returning up to
62 ppm antimony and up to 0.033 ppm gold. The
samples were analyzed by ALS Canada Ltd. for
gold by Fire Assay – AA and for antimony by
four acid digestion and ICP-MS analysis. The
2015 program was supervised by a Qualified
Person.
The Golden Ridge gold deposit is located
approximately 13 km southwest of the
McDougall Road Pro perty in the area of the Woodstock Fault. Readers are warned that
mineralization at the Golden Ridge deposit is not necessarily indicative of mineralization within
the McDougall Road Project.
The MacDougall Road P roperty, totalling approximately 330 hectares, occurs within an under -
explored area of western New Brunswick. There are no report s of diamond drilling within the
project area as per compilation by Great Atlantic management of historic exploration data for the
project area.
David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador) , 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.
On Behalf of the board of directors
“Christopher R Anderson”
Mr. Christopher R. Anderson President CEO Director 604-488-3900 – Office
Investor Relations: 1-416-628-1560 IR @ GreatAtlanticResources.com
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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 critical elements on the planet that are prominent in Atlantic Canada, Gold, Copper, Zinc,
Nickel, Cobalt, Antimony and Tungsten.
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 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 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