Vancouver, British Columbia--(Newsfile Corp. - July 15, 2015) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or " Great Atlantic ") is pleased to announce that it has begun a trenching program at its Keymet Base and Precious Metal Project, located in northeast New Brunswick. The project is located approximately 20 kilometres northwest of the city of Bathurst. Base metal and silver mining was previously conducted within the property during the 1950s at the former Keymet Mine.
The trenching program is being conducted in the northwest region of the Keymet Project, a priority area for Great Atlantic. The planned trenches are approximately 1.3 - 1.7 kilometres northwest of the former Keymet Mine. Trenches will be excavated in areas of gold soil anomalies, gold bearing float and gold bearing trench bedrock as discovered by Great Atlantic during 2011 - 2013 programs and in the area of the Elmtree 12 base metal and silver vein occurrence (discovered during 1980s diamond drilling). Great Atlantic recently completed a VLF (Very Low Frequency) electromagnetic geophysics survey in this target area to further define trench and drill targets. Great Atlantic is planning trenches in 6 locations in this target area. Historical reports suggest the base and silver bearing veins in this northwest region of the project to be sub-parallel and northwest trending. A northwest trending fault is reported in this region as per government maps.
A zone of gold soil anomalies and local gold and arsenopyrite bearing silicified meta-sedimentary boulders was discovered by Great Atlantic prospectors in the area of the current trenching program. The gold bearing boulders were traced over an approximately 450 metre trend. Samples of these boulders assayed up to 51 g/t Au. A 2012 Great Atlantic trench in this area exposed a gold bearing silicified shear zone. Channel samples collected at that time across this zone graded 1.09 g/t Au over 11.78 metres. Three diamond drill holes completed in 2014 near this trench intersected considerably lower levels of gold (assays up to 0.082 ppm Au).
An area of planned trenching is the Elmtree 12 base metal and silver vein occurrence. Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) intersected mineralized veins at the Elmtree 12 vein occurrence. A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu, 11.36% Zn and 13.6 ounces per ton Ag. A 1.22 metre core length sample from a nearby 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. A 1.22 metre core length sample from another near-by 1989 drill hole was reported to assay 6.34% Cu, 3.94% Zn and 10.9 ounces per ton Ag.
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.
To view an enhanced image of the Keymet Project (northwest region), please visit:
https://orders.newsfilecorp.com/files/3027/16273_greatatlanticenhanced.jpg
Keymet Project (northwest region): 2015 planned trenching in area of gold soil anomalies, gold bearing float, gold in trench bedrock and Elmtree 12 base metal - silver vein occurrence.
The Keymet property covers an area of approximately 3560 hectares, being optioned from a local prospector. Great Atlantic has the option to acquire 100% interest in the property, subject to a 2% NSR. Access to the property is excellent with paved roads transecting the property, including a provincial highway.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release. David Martin is VP Exploration for Great Atlantic Resources Corp.
On Behalf of the board of directors
"Lorne Mann"
Lorne Mann
Director 604 488-3900
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.
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.
