Great Atlantic Begins Trenching and Diamond Drilling Program Pilley’s Island Base Metal – Precious Metal Property, North-Central Newfoundland ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
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Great Atlantic Begins Trenching and Diamond Drilling Program
Pilley’s Island Base Metal – Precious Metal Property,
North-Central Newfoundland
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – October 19, 2017 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the
“Company” or “Great Atlantic”) is pleased to announce it is conducting a trenching program and
preparing for diamond drilling at its Pilley’s Island Base Metal – Precious Metal Property, located in north-
central Newfoundland.
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A four hole, 800m diamond drill program is planned as immediate follow up to the trenching. Drilling will
target the Bull Road Showing and area, the Hole 42 area, and possibly the Fragmental Zone depending on
trenching results, as well as a newly discovered mineralized alteration zone. Further trenching on the
property may add drill targets.
The exploration is being jointly operated with option partner Unity Resources. The property hosts an
historic copper mine along with several zinc, lead, copper (+ / - gold, silver) occurrences. One target of the
current trenching program is the Bull Road showing. Historic trench samples at Bull Road include 12.4%
zinc and 3.8% copper over 4.6m. An historic drill hole at this showing was reported to intersect 22.7% zinc
and 4.4% lead over 0.65m core length within an intersection of 7.75m grading 0.66% Cu, 0.51% Pb, 3.41%
Zn, 11.7 g/t Ag and 0.10 g/t Au. Another zone, the Fragmental Zone, which has only been encountered in
4 drill holes but never exposed at surface, will be trenched in an effort to obtain better control on strike
and dip and style. The best intersection in the Fragmental Zone graded 1.40% Cu, 0.76% Pb, 7.32% Zn and
22 g/t Ag over 5.5m.
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The Pilley’s Island Property hosts an historic mine with reported historic estimated reserves of 1.159
million tonnes grading 1.23% Cu or 627,373 tons at 2.34% Cu and 0.01 oz./ton Au. This volcanogenic
massive sulphide deposit is analogous to Kuroko/Buchans style mineralization. The Property also hosts
other base metal – precious metals occurrences. These include the Bull Road Showing with reported
historic trench assays of 12.4% Zn, 3.8% Cu, 0.9% Pb, 22 g/t Ag over 4.6m and a reported drill hole
intersection of 22.7% Zn, 4.4% Pb, 0.107% Cu and 32 g/T Ag over a 0.65m core length. Another showing is
the Fragmental Zone with a reported drill intersection of 7.3% Zn, 1.4% cu, 0.7% Pb, 20 g/t Ag over 5.5m
core length. An attempt to expose the surface expression of the zone will be conducted during the
program. Another massive sulphide intersection from a reported vertical diamond drill hole (Hole 42) was
reported to return 12.45% Zn, 5.5% Pb, 0.94% Cu and 0.102 oz./ton Au over 2.5m core length. The current
program includes trenching to re-open and re-evaluate the historic Bull Road Showing. This historic
showing consists of a volcanic slump breccia hosting clasts from 1 centimetre to up to a metre diameter
of massive sulphide in a polylithic matrix that includes sphalerite, galena, chalcopyrite and pyrite. Current
trenching on the Bull Road Showing has exposed bedrock with massive sulphide blocks of over 1 metre
maximum dimension composed mainly of fine grained sphalerite and lesser galena with chalcopyrite and
bornite bands as well as other blocks of massive pyrite with chalcopyrite/bornite, sphalerite and galena
with a quartz gangue matrix. Trenching will continue along the length of the zone as well as on other
targets in the area.
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The Pilley’s Island Property consists of 7 adjoining licences covering a total are of 875 hectares. Access to
the property is excellent with paved roads transecting the property.
Readers are warned that historical records referred to in this News Release have been examined but not
verified by a qualified person. Further work is required to verify that historical assays referred to in this
News Release are accurate.
Paul Delaney, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical
information contained in this News Release.
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, wi th a special focus on the
most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors
“Chris Anderson ”
Christopher R Anderson
President
Investor Relations:
Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free – 888-280-8128
E-mail: [email protected]
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
www.GreatAtlanticResources.com