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Great Atlantic Resources Corp. 25.09.2018

Great Atlantic Exploration Update on its Kagoot Brook Cobalt Project

Great Atlantic Exploration Update on its Kagoot Brook Cobalt Project

 

FOCUSED ON EXPLORING ATLANTIC CANADA

 

VANCOUVER, British Columbia – September 25, 2018 GREAT ATLANTIC RESOURCES CORP. (TSX.V: GR) (the “Company” or “Great Atlantic”) is pleased to provide this update in regard to its Kagoot Brook Cobalt project.

 

 

 

Kagoot Brook Co-Mn-Base Metal Project, New Brunswick Historical work at Kagoot Brook has delineated two drainages, two kilometres apart, that exhibit remarkably high cobalt values up to 6,000 ppm in the silts (see Company news releases dated May 31 and February 14, 2018). The recent results from a complementary silt sampling program has:

 

  1. Fully corroborated the existence and intensity of the cobalt mineralization; and
  2. Revealed a strong relationship and significant occurrence of manganese and base metals (nickel, copper, lead and zinc) with the cobalt mineralization.

 

The observed suite of elements and local geological units supports a ferromanganese marine environment indicating a strong affinity and trap for cobalt and base metals; a setting similar to the well-known ferromanganese stratiform mineralizing models around the world.

 

Of note:

  1. The amount of manganese and iron in the cobalt enriched silts, upwards to 4.1% and 26.7% respectively, indicates a prevalent source with size potential; and
  2. The relative percentage of the manganese to cobalt indicates a favourable high cobalt tenor (i.e. grade component).

 

As a result, Great Atlantic’s optionee has initiated a follow-up stream silt sampling program with tightly spaced sample stations to better frame the contact of the underlying target mineralized horizon. In conjunction, a detailed magnetometer and very low frequency electromagnetic (“VLF-EM”) survey has been initiated to map the underlying stratigraphy to assist with the targeting.

 

Once these additional surveys have been completed and integrated with the historical work, a drill program is planned.

 

No drilling has ever been conducted and no source of the historic geochemical anomalies is known on the property.

 

Note(*): The surface rock grab and stream silt samples reported in this release are solely designed to show the presence or absence of mineralization and to characterize the mineralization. Grab and silt samples are by definition selective and not intended to provide nor should be construed as a representative indication of grade or mineralization at the projects.

 

Option Agreement

 

The Kagoot Brook property is 100% owned by Great Atlantic and is subject to an underlying agreement with a Explorex Resources Inc. ( EX.v ). Explorex is acquiring up to a 75% interest in the project. (See News Release dated February 14,2018)

 

Technical Information in this news release has been reviewed by David Martin, P Geo., a Qualified Person as that term is defined in NI 43-101.

 

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

 

Great Atlantic Resource Corp

888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4

 

Investor Relations:

Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free: 888-280-8128

E-mail: info@kayewynn.com

 

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, Cobalt, Zinc, 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 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.

 

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