FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Locates Antimony Mineralization in Bedrock 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 Locates Antimony Mineralization in Bedrock
100% Owned McDougall Road Antimony – Gold Property
New Brunswick
VANCOUVER, British Columbia – December 5 , 20 23 - GREAT ATLANTIC
RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to
announce it has completed its 2023 exploration program of prospecting and rock geochemical
sampling at its 100% owned McDougall Road Antimony- Gold Property, located in western New
Brunswick. Stibnite mineralization (antimony sulfide) was located within an outcrop during
the program in the area of a reported regional fau lt. The Company is preparing the rock
samples for submission for multi-elements analysis (including gold and antimony) . Great
Atlantic previously identified antimony and gold soil geochemical anomalies in this region of
the property.
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The 2023 prospecting and rock geochemical sampling program was conducted within the central
region of the McDougall Road Property in the reported area of the Woodstock Fault (a regional
structure in western New Brunswick). Great Atlantic had previously confirmed antimony and
gold soil geochemical anomalies in this area during 2015 sampling. Antimony mineralization
was reported during the late 1990s in the same area as the 2023 program. 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.
Nine rock samples were collected within a small area during the 2023 program. The samples
were collected from outcrop, subcrop and glacially transported float. An outcrop exposure with
stibnite (antimony sulfide) mineralization was located and sample d. The 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. It is unclear at
this time to Great Atlantic management if this is the same antimony bearing outcrop reported
during the late 1990s. Rock samples from the 2023 program are being prepared for submission to
an independent, certified laboratory for gold assay and multi -element analysis (including
antimony). A Qualified Person supervised the 2023 exploration program at the McDougall Road
Property.
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Great Atlantic identified local antimony and gold soil geochemical anomalies in the central
region of the McDougall Road Project during a 2015 geochemical survey with samples returning
up to 62 parts per million (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. ALS Canada is independent of Great Atlantic . 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 ject in the area f 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.
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
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.
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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