Advancing 3 Key Atlantic Exploration Properties Simultaneously

Golden Promise, Keymet and South Quarry

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Great Atlantic Resources Corp Profile

 

NEWFOUNDLAND

  • Most advanced, highest priority and largest (13,000 hectares) property
  • Located in central Newfoundland near Badger
  • Property hosts multiple gold bearing quartz vein zones and zones of gold nearing quartz boulders
  • Since the discovery of high grade boulders in 2002, multiple exploration programs have been conducted including approximately 22,000 meters of diamond drilling, a resource estimate and a bulk sample
  • Six gold bearing quartz vein zones are located in the central region, referred to as the Jaclyn Zone
  • Drill intersections exceeding 15 g/t Au over greater than 1 meter are reported. The Jaclyn Main Zone contains a NI 43-101 compliant (2008) inferred resource of 921,000 tonnes averaging 3.02 g/t Au (89,500 contained ounces of gold) at a 1 g/t Au cutoff

Golden Promise 2017 Proposed Trenches

  • New discovery of Gold Bearing Boulder's over 450 meters, up to 51 g/t Au , Nov 2011
  • The 1950/s Silver Mine facility was gutted by fire. Global recession and silver prices did not permit reproduction
  • 4 Lead / Zinc / Silver zones
  • Great Atlantic has defined drill targets
  • Only 20 km from Xtrata's Brunswick 12 mine

  • Antimony - gold property, located in western New Brunswick.
  • Early - stage property covering an area of approximately 330 hectares.
  • Narrow 12 centimeter wide vein was reported during the 1990s, a sample of which was reported to return 11.6% Sb.
  • A zone of antimony soil anomalies and scattered gold soil anomalies were reported in the area of the vein.
  • Golden Ridge gold deposit occurs approximately 15 km southwest of the McDougall Road Property, also along the trend of the Catamaran - Woodstock Fault.

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  • Porcupine is a precious metal – base metal – REE property, located in central New Brunswick
  • Covers an area of approximately 1280 hectares
  • Primary area of focus has been the northwest region where numerous individuals and companies explored dating back to the 1950
  • Silver and base metal bearing float and bedrock is reported in this region, some boulders containing elevated gold

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  • One boulder sample was reported to return 13.6% Zn and 12.5% Pb.
  • Base metal geochemical anomalies were reported in this northwest region. Rare Earth element geochemical anomalies have been reported on the property.
  • 2012 trench revealed a mineralized shear zone with the best channel sample being 5.48% Zn, 1.08% Pb and 0.36% Cu over 1 metre
  • Mineralized boulders were sampled from glacial till in trenches with one boulder sample returning 20.7% Pb, 6.89% Zn, 2.04% Cu and 122 g/t Ag.

NOVA SCOTIA

  • Maclean Brook is a recently acquired precious metal - base metal property with graphite potential
  • Located in eastern Nova Scotia on Cape Breton Island. The property covers approximately 1210 hectares and is an early-stage property (no reported diamond drilling).
  • Polymetallic veins are reported in the northern region of the property. Visible gold was reported in panned samples along two brooks.
  • 1993 boulder grab sample from this area was reported to return 1.50 g/t gold, greater than 50 g/t Ag, 5.76% lead, 3.79% zinc, 1.48% copper and 0.3% bismuth.
  • Mineralized quartz-carbonate vein, reported to be 0.3 to 0.5 meters wide, was discovered in this area in 1994, with samples reported up to 1.45 g/t gold and 136.0 g/t silver.
  • Historic trenches were located in 2012 and vein rubble grab samples collected, the highlight being a sample reported to return 7.28% zinc and 171 g/t silver. Mineralized quartz and quartz – carbonate veins are reported to cut metasediments of the George River Group and adjacent Precambrian - Cambrian granite.
  • Mineralized veins have been reported to be associated with shearing and faulting.

  • Mitchell Brook is a recently acquired lithium - gold property, located in eastern Nova Scotia.
  • It is an early-stage property (no reported diamond drilling), covering an area of approximately 530 hectares.
  • A lithium bearing pegmatite intrusion is reported within approximately 500 meters of the Mitchell Brook Property on adjacent mineral claims (Great Atlantic has no interest in these claims).
  • 2 meter chip sample of the pegmatite from a 2010 trench was reported to return 5360 ppm Li (0.536% Li). Pegmatite boulders were reported in 2010 (no samples reported), some of which may occur within the Mitchell Brook Property
  • Gold bearing quartz veins cutting metasediments are also reported within approximately 500 meters of the Mitchell Brook Property on the adjacent mineral claims.
  • Samples collected in the 1950s from this occurrence were reported to assay 0.91, 0.60 and 0.243 oz. / ton Au. The Mitchell Brook Property is predominantly underlain by sediments - metasediments of the Cambrian - Ordovician Goldenville Formation, part of the Meguma Group.

Last changed at 23-Aug-2019 09:36AM by AGORACOM