Great Atlantic Receives Diamond Drilling Permit and Expands Porcupine Base Metal – Precious Metal – REE Property Central New Brunswick ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
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Great Atlantic Receives Diamond Drilling Permit and Expands
Porcupine Base Metal – Precious Metal – REE Property
Central New Brunswick
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – January 19, 201 8 – GREAT ATLANTIC RESOURCES CORP.
(TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received a
diamond drilling permit for its Porcupine Base Metal - Precious Metal - Rare Earth Element
(REE) Property, located in central New Brunswick. The drilling permit is for up to 10 holes.
Drilling is planned in the spring of 2018, the focus b eing an area of zinc, lead, copper and silver
mineralization. Additional mineral claims have been staked, expanding the Porcupine Property
of the north to cover an area of reported lead mineralization associated with Ordovician
volcanic rocks.
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The Porcupine Property occurs within the Miramichi terrane which trends northeast -southwest
through New Brunswick. The Miramichi terrane hosts numerous volcanogenic massive sulfide
deposits in northeast New Brunswick in the famous Bathurst Camp. Many of these depos its
were mined, including the historic Heath Steele mine, located approximately 40km northeast of
the Porcupine Property. Volcanic rocks are reported locally within the Porcupine Property.
Lead, zinc, copper and silver mineralization occurs in both boulde rs and bedrock in the central
region of the Porcupine Property. Great Atlantic Resources Corp. discovered a mineralized zone
in a trench (Line 4W Trench) in this region during 2012. A one meter channel sample across this
zone returned 5.48% zinc and 1.08% lead. This zone was reported to be within sheared volcanic
rocks. A qualified person has not verified this data as the sample location is no longer evident in
the trench. A qualified person has verified lead, zinc and copper sulfide mineralization in
stringers / veins in altered and sheared volcanic rocks within th is approximately 25m long east-
west trench. Great Atlantic collected grab samples of mineralized boulders during 2012 from
another trench (Line 3W Trench), located 50 metres east of the Line 4W Tr ench. One grab
sample returned 20.7% lead, 6.89% zinc, 2.04% copper and 122 grams / tonne (g/t) silver. A
qualified person has not verified these boulders / data as the trench has been reclaimed. The
2012 trench samples and lab inserted blank, duplicate and standard samples were analyzed by
Activation Laboratories Ltd. (Ancaster, Ontario) by Instrumental Neutron Activation Analysis
(INAA) and Four Acid Inductively Coupled Plasma – Optical Emission Spectrometry ( ICP-OES).
(Activation Laboratories is independent of Great Atlantic Resources Corp . and option Partner
Fort St. James Nickel Corp.).
Planned diamond drilling in 2018 will focus on the central region of the property in the area of
the Line 3W and Line 4W Trenches including the area in the reported up-ice direction.
2012 Line 4W Trench (channel sample of 5.48% Zn & 1.08% Pb / 1m)
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Lead and zinc sulfide mineralization in Line 4W Trench
Soil geochemical anomalies are reported locally in the southern region of the property including
cobalt, lead, tungsten and REE anomalies. A qualified person has verified the soil geochemical
data. A qualified person managed the 2015 soil geochemical survey and verified associated data
including sample lo cations and analytical data. The 2015 soil samples (and lab inserted blank,
standard and duplicate samples) were analyzed by ALS Minerals in Sudbury, Ontario by Fire
Assay – Atomic Absorption (AA) for gold and for 33 elements by four acid – Inductively Coupled
Plasma – Atomic Emission Spectroscopy (ICP -AES). T he sources of these anomalies have not
been located. The Company is planning additional work in this region during 2018 to establish
drill targets. ALS Minerals is independent of Great Atlantic Resourc es Corp. and Fort St. James
Nickel Corp.
The Porcupine Property has been recently expanded further north through staking of additional
claims. The new claims cover an area of reported lead sulfide mineralization (galena), reported
to occur at the contact of Ordovician felsic volcanic rocks and interbedded sedimentary rocks
(source: New Brunswick Department of Energy and Resource Development Mineral Occurrence
Database). A qualified person has not verified this reported mineralization due to winter
conditions. The property currently covers an area of approximately 2,830 hectares.
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The Porcupine Property is located in central New Brunswick approximately 50 kilometres west
of the city of Miramichi. Access is excellent with logging roads transecting the property.
David Martin, P.Geo., a Qualified Person 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 Cor p.: 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
“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:
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, tha t 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 rea sonable 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 forw ard-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 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