Great Atlantic Commences Diamond Drilling Program Glenelg Vanadium Property Southwest New Brunswick ________________________________________________________ ______ Focused ON Exploring Atlantic Canada
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TSX.v: GR
FRA: PH01
GREAT ATLANTIC COMMENCES
DIAMOND DRILLING PROGRAM GLENELG VANADIUM PROPERTY
SOUTHWEST NEW BRUNSWICK
________________________________________________________ ______
FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – November 19, 2019 - GREAT ATLANTIC
RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to
announce it has commenced the Phase 1 diamond drilling program on its Glenelg Vanadium
Property, located in southwest New Brunswick . The program will test areas of vanadium and
titanium bearing outcrop and magnetic geophysic al anomalies. The program is partially funded
through the New Brunswick Junior Mining Assistance Program (NBJMAP).
The drilling program is being conducted in the southeast region of the Glenelg Property within the
Bocabec Gabbro Complex. Company and reported historic bedrock grab samples from this region
of the Property returned significant levels of vanadium and titanium. Highlights include:
Vanadium, titanium & iron
mineralization in layered
Bocabec Gabbro Complex.
Company & historic bedrock
grab samples of 0.33% &
0.42% V2O5 & 27.5% TiO2.
Historic bedrock grab
samples of 14 g/t Au, 1.28% Bi
& 0.65% Co.
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A 2018 grab sample collected by the Company in the area of the current Phase 1 drilling program
from a magnetic layer in the Bocabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5),
10.3% TiO2 and 25.71% iron. This sample was collected by a qualified person. This sample was
analyzed by ALS Canada Ltd. by XRF Fusion.
Layered Bocabec Gabbro Complex
Another 2018 bedrock grab sample from the same southeast region of the property was reported
to return 0.234% vanadium (0.42% V2O5), 7.34% titanium (12.2%TiO2) and 28.8% iron. This
sample was collected by one of the Company’s option partners for the property. A 2013 sa mple
from this region was reported to return 16.5% titanium (27.5% TiO2). These samples have not
been verified by a Qualified Person.
Polymetallic veins are reported within the Glenelg Property. A grab sample collected during 2006
was reported to return 2.6 grams per tonne (g/t) gold and 0.65% cobalt. A 2013 grab sample from
a sulfide vein was reported to return 14 g/t gold, 1.28% bismuth and 0.12% cobalt. Both samples
are reported within the southeast region of the property. These samples have not been verified by
a Qualified Person.
The Company acquired the Glenelg Property earlier in 2019 and recently expanded the property
threefold to the current area of approximately 3,500 hectares (Company News Releases of May 6
and September 30, 2019). The recent mine ral claim staking by the Company significantly
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expanded the the Glenelg Proeprty to the west -northwest, covering additional ground reported to
be underlain by the Silurian Bocabec Gabbro Complex (intrusive complex including gabbro,
granodiorite, diorite and granite), areas of reported magnetic anomalies and three gold occurrences
(as reported in the New Brunswick Department of Natural Resources and Energy Development
Mineral Occurrence files). Such magnetic anomalies are interpreted by Company management to
be targets for vanadium and titanium bearing magnetite -rich rich layers within the Comp lex. A
reported 1990 bedrock grab sample of quartz-sulfide breccia from one of the gold occurrences was
reported to return 1.33 g/t gold.
The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway
Metals Inc. (TSXV.GWM). A portion of the northern boundary of the Glenelg Property borders
Galway’s Clarence Stream Gold Project. Galway reported a NI 43 -101 resource estimate for the
project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96
g/t gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 g/t gold
(277,000 ounces of gold). Galway reported a new gold discovery at the Clarence Stream Gold
Project earlier this year with one hole reported to intersect 7.3 g/t gold over 36.7 meters core length
(Galway News Release of February 13, 2019).
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The Glenelg Vanadium Property is located within southwest New Brunswick approximately 20
kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the
Company’s Mascarene Property which hosts multiple mineral occurrences with cobalt, copper,
nickel, zinc, lead, gold and / or silver.
Readers are warned that mineralization at the Clarence Stream Gold Project and the Company’s
Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium
Property. Readers are warned that historic data referred to in this News Release have not been
verified by a qualified person.
David Martin, P.Geo., 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 "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir
Investor Relations:
Please call 604-488-3900
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, Antimony, Tungsten and Gold.
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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 assumption s, 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 bus iness
conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of th e 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