Great Atlantic initiates work at its Cobalt - Nickel -Copper-Gold Mascarene Property Southwest New Brunswick _________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
1
Great Atlantic initiates work at its
Cobalt - Nickel -Copper-Gold
Mascarene Property
Southwest New Brunswick
_________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – June 28, 2018 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the
“Company” or “Great Atlantic”) is pleased to announce it has conducted preliminary work at its
Mascarene Cobalt-Copper-Nickel-Gold Property , locating historic working s and collecting rock and soil
samples for multi -element analysis. The Mascarene Property is located in southwest New Brunswick .
Great Atlantic entered into an option agreement early in 2018 to acquire 100-per-cent interest in the
property (News Release of February 13, 2018). Historic rock rubble samples from historic workings
include reported values of up to 17.5% copper, 0.52% cobalt, 0.38% nickel and 21.8 g/t gold.
2
Historic shaft at Mascarene Property (east region)
The Mascarene Property is reported to contain multiple copper +/- nickel, cobalt, gold occurrences with
historic pits / shafts dating back to the 1800s (N.B. Dept. of Energy and Resource Development Mineral
Assessment Reports and Mineral Occurrence Database files). Sulfide bearing veins are reported at some
of these sites. Mafic intrusive (gabbro) is reported at some sites. Magnetic geophysics anomalies occur
at the property , some over 5 kilometers long. Great Atlantic is targeting these anomalies a s potential
sources of mafic intrusive hosted copper-cobalt-nickel mineralization.
Great Atlantic recently located historic shallow pits and shafts in the eastern and western regions of the
Mascarene Property. These included workings in the reported locations of the historic Oliver and Oliver -
Cameron Mines (east region of the property) and the reported location of the historic Simpson Mine
(west region of the property). The company collected rock samples of sulfide bearing rubble adjacent to
these workings and sulfide bearing float. Sulfide mineralization was noted in both vein and host rock
material. A small number of soil samples were also collected in the area of the workings in the west
region of the property. The rock and soil samples have been submitted for multi-element analysis, which
will include cobalt, nickel, copper, zinc, gold and silver. Analyses are pending for these samples. The
June 2018 sampling program was conducted by a Qualified Person.
Zinc (Sphalerite) bearing rubble at historic Mascarene workings (west region)
3
Historic shallow pit at Mascarene Property (west region)
Historic grab samples (2004-2012) from the property are reported to contain significant levels of copper,
cobalt, nickel and / or gold (source: N.B. Dept. of Energy and Resource Development Mineral
Assessment Reports). These include samples from the mine dump adjacent to the historic Oliver
Cameron shaft, of which at least 13 samples are reported to exceed 1% Cu (u p to 7.73% Cu reported)
while also reported to return up to 0.52% Co, 0.38% Ni and 4.67 g/t Au. Two historic rubble samples
reported at the near -by historic Oliver shaft were reported to return 15.6% Cu and 0.993 g/t Au; and
17.5% Cu and 21.8 g/t Au. The June 2018 sampling program by Great Atlantic included the areas of the
historic Oliver and Oliver Cameron workings.
4
Copper (chalcopyrite) bearing quartz vein rubble Mascarene historic workings
A 2002 airborne magnetic survey conducted by the New Brunswick government identified magnetic
anomalies within the property. Great Atlantic management speculate these anomalies to be associated
to a buried mafic intrusion(s). David Martin, VP Exploration for Great Atlantic states “the magnetic
anomalies are a target for mafic intrusive hosted copper -nickel-cobalt deposits. Reported shallow vein -
type mineralization at historic workings over magnetic anomalies may be indicative of deeper mafic
intrusive host ed copper -cobalt-nickel mineralized bodies.” Of note the Mascarene property is located
approximately 30 km southeast of the St. Stephen Ni -Cu-Co Property, with reported mineralization in
both gabbro, metasediment and at the contact of gabbro and metasedime nts (source: ABE Resources
Inc. website). Readers are warned that mineralization at the St. Stephen Ni -Co-Co Property is not
necessarily indicative of the mineralization on the Great Atlantic’s Mascarene Property.
5
Source: N.B. Dept. of Energy and Resource Development Assessment Report No. 477530 (Stevens,
2013)
The Mascarene Property covers an area of approximately 2,080 hectares. The property is located
approximately 6 kilometers southwest of the town of Saint George. Access is excellent with pav ed
provincial roads transecting or in close proximity to the property.
6
.
Readers are warned that historic data referred to in th is News Release have not been verified by a
qualified person. The Company has collected sulfide bearing samples in areas of historic workings under
the supervision of a qualified person. The Company has submitted samples from these areas for multi -
element analysis including cobalt, nickel, copper, zinc, gold and silver.
David Martin , P.Geo. , a Qualified Person s as defined by NI 43 -101, is responsible for the technical
information contained in this News Release. Mr. Martin is the VP Exploration for Great Atlantic
Resources Corp.
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration co mpany 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 util izing 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 – Dir
Investor Relations:
7
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 a nd 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 futu re 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 suc cesses, 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