ir-world-logo irw-world-logo-bogen
facebook-logo youtubelogo twitterlogo googlepluslogo rsslogo linkedinlogo pinterestlogo xinglong
Great Atlantic Resources Corp. 12.09.2018

Great Atlantic Resources optionee begins drilling program Porcupine Base Metal - Precious Metal - REE Property New Brunswick

Great Atlantic Resources optionee begins drilling program Porcupine Base Metal - Precious Metal - REE Property New Brunswick

 

VANCOUVER, British Columbia – September 11, 2018 GREAT ATLANTIC RESOURCES CORP. (TSX.V: GR) (the “Company” or “Great Atlantic”) is pleased to announce its optionee Fort St. James Nickel Corp has commenced the 2018 diamond drilling program at the Porcupine Base Metal - Precious Metal - Rare Earth Element (REE) Property, located in central New Brunswick. The drilling program is being conducted in the central region of the property targeting an area of base metal and silver mineralization discovered during a 2012 trenching program by Great Atlantic. A Drilling permit has been received allowing up to 10 drill holes.

 

H:\DCIM\100PHOTO\SAM_0344.JPG

 

The current diamond drilling program is testing under and adjacent to a mineralized zone exposed in a 2012 trench (Line 4W Trench). A one meter channel sample collected from this zone in 2012 was reported to return 5.48% zinc and 1.08% lead. 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 volcanic rocks within this approximately 25m long east-west trending trench. A boulder sample collected during 2012 in an adjacent trench (Line 3W Trench) was reported to return 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 this trench has been reclaimed. The 2012 trenching was conducted by Great Atlantic.

 

C:\Users\User\AppData\Local\Temp\Porcupine_North Region_Pb-Zn Zone in Line 4W Trench.jpg

 

2012 Line 4W Trench (containing base metal sulfides)

 

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 deposits were mined, including the historic Heath Steele Mine, located approximately 40 kilometers northeast of the Porcupine Property. Volcanic rocks are reported locally within the Porcupine Property.

 

https://lh5.googleusercontent.com/zwr4-2v-xcHKp5_TUMzB728DkpyAAbr76T092hKAXE23TluZEs4gJdAzCI18Q4XDTZxqBK5xnfueMAv9w06nbqpTlz0FubLQK9lv7NPXnaB4Nmm9JK1uQkgdCLl6KCnRgcY9ed6ZwWb0d6h6Sw

 

Lead and zinc sulfide mineralization in 2012 Line 4W Trench

 

The Porcupine Property is located approximately 50 kilometres west of the city of Miramichi. Access is excellent with logging roads transecting the property. The property currently covers an area of approximately 2,830 hectares.

 

https://lh6.googleusercontent.com/Z5QyRgHNGs8e9PFDdefXr3WR5Jcm__Sp1fWsg_qkCSACXiN19uQsD68Pjy_BxTgpMwbGJRqmF-9cBbyhQCSxFBnVjj_Tk62EHQ7cuE2fLmRVfqrKpIB2bFA_-YvI1jqkCZ25fg5L3rv7PIXtAA

 

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 a consultant for Fort St. James Nickel Corp. and VP Exploration for Great Atlantic Resources Corp.

 

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

 

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: info@kayewynn.com

 

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

> Great Atlantic Resources Corp. , weitere Meldungen...
smallcap-investor-logo
investor-sms-logo
irw-press-logo