Great Atlantic Rock Samples Return up to 4.36% Zinc and 1.32 G/T Gold at Its 100% Owned Pilley's Island Base Metal - Precious Metal Property, Newfoundland
Great Atlantic Rock Samples Return up to
4.36% Zinc and 1.32 G/T Gold at Its 100%
Owned Pilley's Island Base Metal - Precious
Metal Property, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2024) -
GREAT ATLANTIC
RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic")
is pleased to announce it
has received analytical results for the first five 2024 rock samples collected at its 100% owned Pilley's
Island Base Metal - Precious Metal Property, located in north-central Newfoundland.
Semi-massive to massive sulfides in outcrop (4.36% zinc in outcrop grab sample)
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Four samples (outcrop and subcrop) from one site in the northern region of the property
contain semi-massive to massive sulfide mineralization. These samples yielded anomalous –
highly anomalous values for gold, silver, copper, lead and zinc including up to 1.32 grams /
tonne (g/t) gold, 4.36% zinc, 0.61% lead and 6499 parts per million (ppm) copper. This is a new
target area for Great Atlantic.
The semi-massive and massive sulfides occur in lenses or fragments in an outcrop within the
northern region of the property near the reported location of the Fragmental Zone zinc - lead -
copper mineral occurrence
(Newfoundland and Labrador Department of Industry, Energy and
Technology, Mineral Occurrence Database System). The sulfide mineralization consists mainly of pyrite.
Galena (lead sulfide) was observed by field personnel in a few samples. The lenses or fragments with
semi-massive to massive sulfides in the outcrop were measured by Great Atlantic personnel up to
approximately 0.7 meters long by up to 0.3 meters wide.
The five rock samples returned the following results for gold, silver, copper, lead and zinc:
Sample
Outcrop /
Au
Ag
Cu
Pb
Pb
Zn
Zn
Number
Subcrop
G/T
G/T
ppm
ppm
%
ppm
%
23895-24-01
Outcrop
0.713
11.5
1346
>2200
0.24
>2200
1.25
23895-24-02
Outcrop
0.916
19.6
5965
>2200
0.32
>2200
0.55
23895-24-03
Outcrop
0.464
5.6
1680
1168
>2200
4.36
23895-24-04
Outcrop
0.062
0.5
219
159
452
23895-24-05
Subcrop
1.325
14.2
6499
>2200
0.61
>2200
3.11
The focus of the 2024 program at Pilley's Island is exploration for base metal and precious metal bearing
volcanogenic massive sulfide (VMS) deposits. VMS deposits are reported at the property, including the
historic Pilley's Island Mine (which operated during the 1890s and early 1900s) and the Bull Road
showing zinc - lead - copper - silver - antimony mineral occurrence, both located within the northern
region of the property (Newfoundland and Labrador Department of Industry, Energy and Technology,
Mineral Occurrence Database System).
Samples 23895-24-01 to 23895-24-05 were collected approximately 150-200 meters northwest of the
Company's 2017 samples at the Bull Road Showing mineral occurrence.
Great Atlantic collected
samples containing high grade zinc plus lead, copper, silver and gold mineralization during 2017
within a trench at the Bull Road Showing including a 1.05 meters long channel sample returning
15.40% zinc, 6.60% lead, 4.66% copper, 111.5 g/t silver and 1.005 g/t gold and outcrop grab
samples returning up to 40.8% zinc, 20.0% lead, 8.38% copper, 148.1 g/t silver and 2.27 g/t gold
(see Company news releases of November 16 and December 14, 2017)
.
The current and previous exploration programs at the Company's Pilley's Island Property are / were
managed by a Qualified Person. The 2017 and 2024 rock samples referred to in this news release were
analyzed at Eastern Analytical Ltd. The 2024 samples were analyzed for gold by fire assay – atomic
absorption (AA) and analyzed for 34 elements by four acid digestion - ICP-OES with re-analysis of some
samples for silver, lead and zinc by multi-acid digestion and AA analysis. The 2017 Bull Road showing
samples referred to in this news release were analyzed for gold by fire assay - AA; and copper, lead,
zinc and silver by multi-acid digestion and AA analysis. Eastern Analytical Ltd. is independent of Great
Atlantic.
Newfoundland principal tectonic divisions map
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The Pilley's Island covers an area of 1,375 hectares. Access to the property is excellent with
government-maintained roads.
David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador), 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.
On Behalf of the board of directors
"Christopher R Anderson
"
Mr. Christopher R. Anderson
President CEO Director
604-488-3900 - Office
Investor Relations:
1-416-628-1560
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 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,
Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.
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 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
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 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
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