Pilley’s Island Trench Samples Return up to 27.5% Zinc, 20.0% Lead, 8.36% Copper and 63.4 g/t Silver, North-Central Newfoundland ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
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Pilley’s Island Trench Samples Return up to 27.5% Zinc, 20.0% Lead, 8.36%
Copper and 63.4 g/t Silver, North-Central Newfoundland
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV : GR)
(FRA: PH01)
VANCOUVER, British Columbia – November 16, 2017 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR)
(the “Company” or “Great Atlantic”) is pleased to announce it has received initial analytical results for
rock samples collected during a recent trenching program at its Pilley’s Island Base Metal – Precious
Metal Property, located in north -central Newfoundland. The exploration program was jointly operated
with optio n partner Unity Resources. Rock grab samples collected from the trenches returned up to
27.5% Zn, 20.0% Pb, 8.3 6% Cu and 63.4 g/t Ag. Great Atlantic and Unity Resources are planning a
diamond drilling program on the property to commence in late Nov ember. The property host s an
historic copper mine along with several zinc, lead, copper (+ / - gold, silver) occurrences.
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One area of recent trenching was the Bull Road showing. Previous historic work included trenching and
drilling with 7 holes sunk on the showing. Reported h istoric trench samples at Bull Road include 12.4 2%
Zn, 3.87% Cu, 0.9 5% Pb and 0.71 oz./ton Ag over 4.6m. One historic drill hole at this showing was
reported to intersect 22.2% Zn, 4.4% Pb, 0.1% Cu and 0.96 oz./ton Ag over 0.65m core length within an
intersection of 7.85m grading 0.66% Cu, 0.51% Pb, 3.41% Zn and 0.34 oz./ton Ag. The recent trenching
program included re-opening and re-evaluating the historic Bull Road Showing.
Trenching along the trace of the Bull Road Showing exposed mineralization over a length of 130m with a
width varying between 1 -7m. The Bull Road Showing is a polylithic slump breccia of volcanogenic
massive sulphide mineralization containing massive sulphide clasts up to greater than a metre in length.
Rock g rab samples taken from selected styles of mineralization during the current program are
presented in the table below.
SAMPLE Cu Pb Zn Ag Sb
NUMBER % % % g/t % Description
254513 8.36 0.01 0.14 15.5 --- High Cu massive sulphide clast
254514 5.78 20.00 27.50 63.4 0.30
Zn-Pb rich massive sulphide
clast
254515 0.48 0.01 0.05 4.7 --- Massive Py-Quartz clast
254516 0.51 0.55 1.15 6.5 --- Matrix mineralization
254517 2.02 6.50 16.40 41.7 --- Massive Sulphide clast
Massive sulfide mineralization at Bull Road Trench.
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Massive sulfide mineralization at Bull Road Trench
Massive sulfide mineralization at Bull Road Trench
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Bull Road Trench
The Bull Road showing will be targeted during the upcoming diamond drill program.
The Pilley’s Island Property hosts a n historic mine with reported historic estimated reserves of 1.159
million tonnes grading 1.23% Cu or 627,373 tons at 2.34% Cu and 0.01 oz./ton Au. This volcan ogenic
massive sulphide deposit is analogous to Kuroko/Buchans style mineralization. The Property also hosts
other base metal – precious metals occurrences including the Bull Road showing and Fragmental Zone.
The Pilley’s Island Property consists of 7 adjoining licences covering a total are of 875 hectares. Access to
and infrastructure at the property is excellent. The property is serviced with power mains and
government maintained roads and is within 2 km of tide water. T he property is located within a mining
friendly district.
Readers are warned that historical records referred to in this News Release have been examined but not
verified by a qualified person. Further work is required to verify that historical assays refe rred to in this
News Release are accurate.
Paul Delaney , P.Geo., a Qualified Person as defined by NI 43 -101, 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 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
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“Lorne Mann”
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, that address future exploration drilling, exploration activities and events or developments t hat 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 developme nts 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, a nd 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