Great Atlantic Resources Locates Tungsten Mineraltion IN New Target Area and Expands Its 100% Owned South Quarry Tungsten Property, Central. Newfoundland ___________________________________________________________________
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TSX.v: GR
FRA: PH01
GREAT ATLANTIC RESOURCES LOCATES
TUNGSTEN MINERALTION IN NEW TARGET AREA AND EXPANDS
ITS 100% OWNED SOUTH QUARRY TUNGSTEN PROPERTY,
CENTRAL. NEWFOUNDLAND
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FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – September 23, 201 9 – GREAT ATLANTIC
RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to
announce it has recently located tungsten mineralization in a new target area at its 100% owned
South Quarry Tungsten Property, located in east -central Newfoundland. The tungsten
mineralization occurs in quartz -dominant veins in bedrock at a historic trench / stripped area.
This site is within the northern region of the
property and northeast of the quarry referred to
as the Sout h Quarry. The Company has also
expanded the property from 1,350 to 1,925
hectares.
Tungsten bearing pegmatite veins occur in the
northern region of the property including the
South Quarry and an adjacent smaller quarry.
Great Atlantic confirmed high -grade tungsten
mineralization (scheelite) in veins in rubble and
bedrock at the two quarries during 2015 (News
Release of November 19, 2015), including:
Eleven rubble grab samples exceeded 5% WO3
(W% x 1.26 equals WO3%).
A 20-centimeter long channel sample along a
15-centimeter wide vein 2.96% WO3.
A grab sample from a 25-centimeter wide vein in
the South Quarry returned 11.94% WO3.
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Historic trench / stripped area with tungsten-bearing quartz-dominant veins
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The 2019 program focus ed on the central - northern regions of the South Quarry Property,
exploring for new zones of tungsten mineralization. The program consists of focused prospecting
and rock geochemical sampling and ground magnetic and electromagnetic geophysical surveys.
Tungsten mineralization (scheelite) was located during the program with in a new target area in
the northern region of the property. Scheelite-bearing quartz-dominant veins were located within
bedrock at a historic trench / stripped area in this new target area. Bedrock grab samples were
collected from this site which will be submitted to a certified laboratory for tungsten analysis.
The program was supervised by a Qualified Person.
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A qualified person verified the 2015 sample data. The qualified person supervised the 2015
sampling. The 2015 samples (and lab -inserted blank, duplicate and standard samples) were
analyzed at ALS Canada Ltd. (ALS Canada Ltd. is independent of Great Atlantic Resources).
Tungsten analysis was by lithium borate fusion followed by ICP-MS analysis with some samples
re-analyzed by XRF.
Tungsten bearing pegmatite veins at South Quarry
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.
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Christopher R. Anderson, President, CEO. and Director, 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 f eel that the South Quarry Tungsten Property,
although early stage, has the ear marks of being a significant asset for the company.”
The South Quarry Property was recently expanded to the current area of 1,925 hectares. Access
to the property is excellent with a paved road transecting the property.
The Company has granted 225,000 stock options at an exercise price of 41 cents to its
directors, officers, employees and consultants. The options are exercisable for five years,
and will be cancelled 30 days after cessation of acting as director, officer, employee or
consultant of the company. The stock options are not transferable and will be subject to a
four-month hold period from the date of grant and any applicable regulatory acceptance.
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
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 mi ning 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.
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 o r 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 performan ce 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, cont inued 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