Great Atlantic Resources: 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
(firmenpresse) - Pilleys Island Trench Samples Return up to 27.5% Zinc, 20.0% Lead, 8.36% Copper and 63.4 g/t Silver, North-Central Newfoundland
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 Pilleys Island Base Metal - Precious Metal Property, located in north-central Newfoundland. The exploration program was jointly operated with option partner Unity Resources. Rock grab samples collected from the trenches returned up to 27.5% Zn, 20.0% Pb, 8.36% 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 November. The property hosts 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 historic trench samples at Bull Road include 12.42% Zn, 3.87% Cu, 0.95% 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 grab samples taken from selected styles of mineralization during the current program are presented in the table below.
SAMPLECu Pb Zn Ag Sb
NUMBER% % % g/t % Description
2545138.360.010.1415.5--- High Cu massive
sulphide
clast
2545145.7820.027.563.40.30Zn-Pb rich massive
0 0 sulphide
clast
2545150.480.010.054.7 --- Massive Py-Quartz
clast
2545160.510.551.156.5 --- Matrix
mineralization
2545172.026.5016.441.7--- Massive Sulphide
0 clast
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Massive sulfide mineralization at Bull Road Trench.
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Massive sulfide mineralization at Bull Road Trench
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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 Pilleys Island Property hosts an 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 volcanogenic 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 Pilleys 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. The 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 referred 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
Lorne Mann
Investor Relations:
Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free - 888-280-8128
E-mail: info(at)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
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Datum: 16.11.2017 - 09:28 Uhr
Sprache: Deutsch
News-ID 568426
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