FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Summarizes 2023 Exploration Programs Over 500 Rock and 90 Soil Samples Pending Results in New Brunswick and Newfoundland
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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
FRA: PH02
Great Atlantic Summarizes 2023 Exploration Programs
Over 500 Rock and 90 Soil Samples Pending Results
in New Brunswick and Newfoundland
January 12, 2024, GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company”
or “Great Atlantic”) is pleased to summarize work completed during its 2023 mineral exploration
programs in New Brunswick and Newfoundland. The 2023 work involved prospecting and rock
geochemical sampling at eleven properties in Newfoundland and five properties in New
Brunswick and s oil geochemical sampling at two properties, the Golden Promise Property in
Newfoundland and the Keymet Property in New Brunswick.
The Company collected 566 rock
samples and 91 soil samples during
2023. Analytical results pending for
the rock and the soil samples will be
released in a timely manner as
received.
The 2023 work focused on exploration
for multiple commodities including
gold, silver, antimony, copper, lead,
zinc, cobalt, nickel, tungsten and
vanadium.
Rock s amples were collected from
outcrop (grab samples), subcrop and
glacial float.
Just under half of the rock samples
(approximately 46%) were collected at
Great Atlantic’s flagship Golden
Promise G old Property in central
Newfoundland.
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"It has been a busy and challenging 2023, but we have successfully managed to address all the requirements across
various projects in our portfolio. We anticipate encouraging results, as the season has unearthed various new
targets and showings in both the precious metals and rare element fronts. We are especially encouraged by the
expansion of the new Gold Targets identified at Golden Promise in NLFD, and our Keymet Precious and Base
Metals project in New Brunswick continues to deliver positive results, pa rticularly in the new trending gold zone.
With all the samples we have in the lab, I am sure we can expect a gem or two in the pipeline of news results we
have to look forward to. Regardless, we are all very much looking forward to a productive 2024. ”
States Anderson CEO Great Atlantic
Approximately 20% of the rock samples were collected at Great Atlantic’s other gold properties
in central Newfoundland. Samples were collected at the following gold properties:
• East Golden Promise
• West Golden Promise
• South Golden Promise
• Southwest Golden Promise
• Golden Trust
• Coronation
• Lynx
Approximately 19% of the rock samples were collected at the Company’s other Newfoundland
properties, including the South Quarry Tungsten Property and the Pilley’s Island and Point
Leamington Precious Metal – Base Metal properties.
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Approximately 15% of the rock samples were collected the Company’s properties in New
Brunswick. These include:
• Keymet Precious Metal – Base Metal Property
• Glenelg Gold – Antimony – Vanadium Property
• McDougall Road Antimony Property
• Mascarene Gold – Silver – Copper – Cobalt – Nickel – Lead – Zinc Property
• Kagoot Brook Cobalt Property
The Company has received analytical results to date for only twenty 2023 rock samples (eight
samples from Golden Promise, five samples from Pilley’s Island and seven samples from Glenelg).
The highlight for these samples is an outcrop grab sample collected at the Glenelg Property which
returned 0.50 grams / tonne gold representing the first gold bearing outcrop discovered by Great
Atlantic in a target area (see news release of November 30th, 2023).
The soil geochemical sampling conducted during 2023 was more limited. This included 50 soil
samples collected at the Golden Promise Property and 41 soil samples collected at the Keymet
Property, both sampling programs part of gold exploration programs. The analytical results are
pending for these soil samples.
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Rock and soil samples from the 2023 program have been submitted to ALS Canada Ltd. and
Eastern Analytical Ltd. for gold analysis and multi -element analysis. Both companies are
independent of Great Atlantic. The 2023 programs in New Brunswick and Newfoundla nd were
supervised by a Qualified Person.
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 Atla ntic 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 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