Great Atlantic Drilling intercepts Base Metal Mineralization in All Holes Plus Arsenopyrite within a 50M interval Keymet Precious and Base Metal Property
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Great Atlantic Drilling intercepts Base Metal Mineralization in All Holes
Plus Arsenopyrite within a 50M interval
Keymet Precious and Base Metal Property
Bathurst, New Brunswick
_______________________________ ___________________________________ _
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – October 18, 2017 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR)
(the “Company” or “Great Atlantic ”) is pleased to announce it has completed a diamond drilling
program at its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick.
The Keymet property hosts multiple gold, silver, zinc, lead and / or copper occurrences and the Keymet
deposit, site of the historic Keymet Mine. The d rilling program (5 holes totalling 679 meters) was
conducted in the northwest region of the property, northwest of the historic Keymet Mine.
“We are very encourage at this year’s drill program and are enthusiastically awaiting all the results but particularly
interested in the unexpected arsenopyrite within a 50 meter core length interval in hole Ky -17-6, traditionally
arsenopyrite has carried Gold on this property. As well we want to say a speci al thanks to Don and the guys at
Orbit Garant Drilling, excellent job “Says: Christopher R Anderson CEO
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The program tested the continuation of zinc, copper and silver bearing veins and a gold mineralization
intersected by Great Atlantic during 2015 diamond drilling and trenching programs . All five holes
intersected veins hosting base metal sulfides while three holes also intersected arsenopyrite
mineralization. Gold mineralization on the property is associate d with arsenopyrite. The Company is
conducting systematic sampling of mineralized drill core from the recent program.
Gold bearing boulders (samples up to 51 grams / tonne (g/t) Au) and gold bearing bedrock in trenches
and drill core have been discovered by Great Atlantic in th e n orthwest region of the property . Great
Atlantic drilled two holes in 2015 at one site in this region (Ky-15-3 and Ky -15-4), approximately 1.4
kilometers of the historic Keymet Mine , in an area referred to as the Elmtree 12 occurr ence. Both 2015
holes intersected base metal and silver bearing veins (including 16.68% zinc, 1.11% copper and 152.0 g/t
silver over 1.80 metre core length in Ky -15-3 and 8.68% zinc and 44.8 g/t silver Ag over 4.28 metre core
length in Ky-15-4). Hole Ky-15-3 also intersected a gold bearing interval (3.28 g/t Au over 2.1 meter core
length). The true width of these initial 2015 drill intersections is unknown at this time. The recent drilling
tested the continuation of this base metal and precious metal mineralization.
Each of the 2017 drill holes intersected veins with copper, lead and zinc sulfide mineralization.
Arsenopyrite mineralization has been observed in three of these holes. Gold mineralization in boulders
and bedrock in this area is associated with arsenopyrite.
Holes Ky-17-5, 6, 7 and 9 of the recent program were drilled in the same area as 2015 holes Ky -15-3 and
4. Each of these four holes intersected base metal bearing veins. Company management are interpreting
the main veins to be within a steep dipping to vertical vein system to strike approximately north – south,
with all Great Atlantic drill intersections to date being within an approximately 70 meter strike length
and shallow (above 100 meter vertical depth). Hol e Ky-17-6 intersected local arsenopyrite within an
approximate 50 meter core length interval appearing to be east to northeast of the main base metal
bearing vein zone. Holes Ky-17-5 and 7 also intersected local arsenopyrite.
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Veins containing copper, zinc and lead sulfide mineralization in hole Ky -17-07
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Vein containing copper and zinc sulfide mineralization in hole Ky -17-05.
Vein containing zinc and lead sulfide mineralization in hole Ky-17-8
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Hole Ky-17-8, located approximately 80 meters southwest of holes Ky -17-5, 6 and 7, tested the down -
dip extension of a gold bearing zone discovered by the Company in a 2015 trench (channel samples
returning 1.1 g/t Au over 4.9 meters). The gold bearing zone in the trench is characterized by minor
arsenopyrite in metasediments and increased quartz veining. A fault zone is also exposed in the trench
hosting base metal and silver mineralization (2015 grab sample returned 8.99% lead, 1.76% zinc, 0.80%
copper and 237 g/t silver). Arsenopyrite is not apparen t in Ky -17-8 drill core. However quartz veining
was intersected under the trench gold zone. The hole also intersected veins with base metal sulfides
approximately vertically under the trench fault zone.
Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) in the area of
holes Ky -15-3, 4, Ky -17-5, 6, 7 and 9 intersected near-surface mineralized veins (Elmtree 12 vein
occurrence). A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu,
11.36% Zn an 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole
was reported to assay 1 6.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. The true width of these
intersections is unknown. These drill intersections are within 50 metre vertical depth. Great Atlantic
personnel found loose casing in this area during 2015. It is uncertain which historic hole this represents.
Access to the property is excellent with paved roads trans ecting the property, including a provincial
highway. The property covers an area of approximately 3,400 hectares.
Readers are warned that historical records referred to in this News Release have been examined but not
verified by a qualified person. F urther work is required to verify that historical assays referred to in this
News Release are accurate.
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David Martin, 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, with 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
“Lorne Mann”
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 hi storical 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 t erm 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