Great Atlantic has completed the Final Option Payment On its 100% owned South Quarry Tungsten Property, Newfoundland ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
1
Great Atlantic has completed the Final Option Payment
On its 100% owned
South Quarry Tungsten Property, Newfoundland
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – February 20, 2018 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR)
(the “Company” or “Great Atlantic”) is pleased to announce it has made the final option payment for its
South Quarry Tungsten Property, located in east -central Newfoundland. The property hosts tungsten
mineralization in multiple areas , including high grade veins. Multiple grab samples collected by Great
Atlantic in 2015 exceeded 5% WO3 (W% x 1.26 = WO3%) (News Release of November 19, 2015).
Tungsten Bearing Pegmatite Veins at South Quarry
2
Tungsten bearing pegmatite veins occur in the northern region of the prop erty including at a quarry
referred to as the South Quarry and an adjacent smaller quarry. Great Atlantic confirmed high grade
tungsten mineralization (scheelite) in veins in rubble and bedrock at these quarries during 2015 (News
Release of November 19, 20 15). Eleven rubble grab samples exceeded 5% WO3 (W % x 1.26 equals
WO3%). A 20 cm long channel sample along a 15cm wide vein in the small quarry returned 2.96% WO3
while a grab sample from a 0.25 meter wide vein in the South Quarry returned 11.94% WO3. A q ualified
person verified this sample data. The qualified person supervised the 2015 sampling and verified the
sample data. The samples (and lab -inserted blank, duplicate and standard samples) were analyzed at
ALS Minerals in Sudbury, Ontario (ALS Mineral s is independent of Great Atlantic Resources). Tungsten
analysis was by lithium metaborate fusion followed by acid dissolution and ICP -MS analysis with some
samples re-analyzed by XRF.
Scheelite – bearing vein cutting metasediment rubble
Tungsten mineralization is reported in the southern region of the property , reported in narrow (<1m)
calc-silicate horizons (source: Newfoundland and Labrador Dept. of Natural Resources Mineral
Assessment Reports). A qualified person has not verified this mineralization.
Great Atlantic is planning work in 2018, to be focused in the area of the South Quarry and adjacent small
quarry. Additional sampling of veins is planned to provide data on tungsten grade and distribution of
tungsten bearing veins. The company will apply for diamond drilling and stripping permits for this area.
Pending results of this work, the company is considering metallurgical studies including ore sorting
technologies. The company is also planning diamond drilling further north of these quarrie s where 2016
trenching exposed tungsten bearing veins . The Company has received a permit to drill five holes in this
area.
The South Quarry Property covers an area of 3,600 hectares. Access to the property is excellent with a
paved road transecting the property.
3
Christopher R. Anderson, President , stated “Mr. Martin and Myself were an integral part of the initial
Management team that advanced the Sisson Tungsten -Molybdenum Project in New Brunswick, an
advanced stage project currently operated by Northcliff Resources Ltd. We understand the tungsten
market and feel that the South Quarry Tungsten Property, although early stage, has the ear marks of
being a significant asset for the company. Currently Great Atlantic has two Joint Venture partners a nd
we would be happy to welcome a third to assist in advancing the South Quarry Tungsten Project.”
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.
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 Cana da, 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
“ Christopher R Anderson ”
Mr. Christopher R Anderson “Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900
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 develo pments 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 a vailability 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