Great Atlantic Receives $25,000 Exploration Grant FOR Glenelg Vanadium Property Southwest New Brunswick ________________________________________________________ ______ Focused ON Exploring Atlantic Canada
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TSX.v: GR
FRA: PH01
GREAT ATLANTIC RECEIVES $25,000 EXPLORATION GRANT FOR
GLENELG VANADIUM PROPERTY
SOUTHWEST NEW BRUNSWICK
________________________________________________________ ______
FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – October 9, 2019 - GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has been
approved for funding in the amount of $25,000 from the New Brunswick Department of Energy
and Resource Development for its 2019 exploration program on the Glenelg Vanadium Property ,
located in southwest New Brunswick. The grant is funded under the New Brunswick Junior Mining
Assistance Program (NBJMAP).
Company and reported historic bedrock grab samples from within the Glenelg Property from the
layered Bocabec Gabbro Complex returned significant levels of vana dium and titanium. Historic
grab bedrock samples are reported to return significant levels for gold, cobalt and bismuth.
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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Great Atlantic is currently conducting exploration within the Glenelg Property consisting of
prospecting, rock geochemical sampling and geophysical surveying. The Company is planning
trenching and diamond drilling this fall at the property, the focus being exploration for vanadium
and titanium within the Silurian Bocabec Gabbro Complex. The program will be partially funded
by the $25,000 NBJMAP funding. Great Atlantic must incur at least $50,000 in total exploration
expenditures during 2019 on the property to qualify for the NBJMAP funding.
A 2018 grab sample collected by the Company 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 within the southeast region of the property within the original min eral claims
acquired by the Company. It was collected by a q ualified 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 r eported
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 sample
from this region was reported to return 16.5% titanium (27.5% TiO2) . These samples have not
been verified by a Qualified Person.
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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, within the original mineral claims acquired
by the Company. 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 mineral staking by the Company significantly 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 rpeorted
within the New Brunswick Department of Energy and Resource 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 Compex. A reported 1990
bedrock grab sample of quartz-sulfide breccia from one of the gold occurrences was repeorted to
return 1.33 g/t gold.
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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).
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. The Glenelg Vanadium Property covers an area of
approximately 1,185 hectares.
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.
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company
focused on the discovery an d 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
“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
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 a ctual 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
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statements include exploitation and exploration successes, continued av ailability 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