FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Discovers New Zone of Sulfide Bearing Quartz Veins At Its GOLD, COPPER, NICKEL, COBALT, ZINC Mascarene Property, Southern New Brunswick
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Discovers New Zone of Sulfide Bearing Quartz Veins
At Its GOLD, COPPER, NICKEL, COBALT, ZINC
Mascarene Property,
Southern New Brunswick
VANCOUVER, British Columbia , December 08, 2023 - GREAT ATLANTIC
RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to
announce it has completed its 2023 program of prospecting and rock geochemical sampling at its
Mascarene Property, located in sout hwest New Brunswick. The highlight of the program was
the discovery of sulfide -bearing quartz veins in one area in the north -central region of the
property. Rock samples have been collected and submitted for gold and multi -element analysis
of which the analytical results are pending.
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The 2023 prospecting and rock geochemical sampling program was conducted in the west and
north-central regions of the
Mascarene Property. The
work in the north -central
region was conducted
southeast of the reported
location of the Mascarene
Gold mineral occurrence
(New Brunswick
Department of Natural
Resources and Energy
Development Mineral
Occurrence Database –
Reference No. 1323). Great
Atlantic has not confirmed
this mineral occurrence.
During the 2023 work,
Great Atlantic located
sulfide bearing quartz veins
in outcrops at three
locations within an area of
approximately 200 meters
by 50 meters. The quartz
veins vary from
approximatly 0.2 meters to
1.3 meters wide and contain
pyrite and / or chalcopyrite.
Seven outcrop grab samples were collected from these quartz veins. Two other samples was
collected in this area from quartz vein subcrop and from a glacially tranported float with quartz
veins. These nine samples have been submitted to ALS Canada Ltd. for gold and multi -element
analysis.
The work in the west region of the property was conducted south-southwest of historic workings
interpreted by Great Atlantic management to be associated with the reported Simpson Prospects
mineral occurrence (New Brunswick Department of Natural Resources and Energy Development
Mineral Occurrence Database – Reference No. 604 ). Six rock samples were collected in this
region, six being grab samples from outcrop and one sample collected from glacially tranported
float. These include quartz vein samples with +/ - pyrite and mafic volcanic samples with +/ -
pyrite and pyrrhotite, one of which is cut by a shear / fault zone. These six rock samples have
been submitted to ALS Canada Ltd. for gold and multi -element analysis. Great Atlantic
previously confirmed high -grade zinc mineralization in rubble at the Simpson Prospects
workings with two 2018 rubble samples yielding 12.6% zinc and 12.3% zinc (see Company
news release of October 17th , 2018).
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A broad northeast trending zone of magnetic high anomalies (identified during a 2001
government airborne magnetic survey) transects the entire Mascarene Property. G reat 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 2023
prospecting and rock sampling in the north-central region of the property was conducted adjacent
to and west of this magnetic high trend. Great Atlantic ha d previously confirmed gold and
copper mineralization on the west side of this magnetic high trend. A Company diamond drill
hole completed during 2022 intersected 6.74% copper and 0.62 grams / tonne gold over 0.40
meters core length at the Wheal Louisiana occurrence (see Company news release of August
9th, 2022) . Rubble samples collected by Great Atlantic during 2018 at the Oliver Cameron
workings yielded up to 5.02% copper and up to 2.0 grams / tonne gold (see Company news
release of October 17th, 2018).
The 2023 prospecting and rock geochemical sampling program at the Mascarene Property was
supervised by a Qualified Person.
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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.
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.
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 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