Great Atlantic Resources Corp. Confirms Additional Tungsten Anomalies at the South Quarry Tungsten Project
Vancouver, - Great Atlantic Resources Corp. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analyses for soil samples collected during the summer at its South Quarry Tungsten Project, located in east-central Newfoundland. The South Quarry Project covers an area of approximately 3160 hectares. During the work program conducted in August 2015, 490 soil samples were collected throughout the property. The samples were collected by means of hand-held augers. Sampling was conducted along east-west traverses and locally adjacent to the main paved road which transects the property from north to south. The soil samples were submitted to ALS Minerals for tungsten analysis by Lithium Metaborate Fusion and Inductively Coupled Plasma – Mass Spectrometry (ICP-MS). Soil samples from multiple regions of the property returned greater than 100 parts per million (ppm) tungsten, including a sample from the southern region of the property which returned 1380 ppm tungsten.
The program identified local tungsten soil anomalies in the northern half of the property. Tungsten mineralization was documented in this northern region as per publically available reports filed during the 1980s by Kidd Creek Mines Ltd. (assessment reports filed with the Newfoundland and Labrador Department of Natural Resources). Tungsten mineralization was confirmed in rubble and bedrock at two close-spaced quarries in this region during the August 2015 rock sampling program which was completed concurrently with the soil sampling program. Multiple grab samples of quarry rubble assayed greater than 5% WO3 (Great Atlantic Resources News Release of November 19, 2015). The soil sampling program confirmed tungsten soil anomalies (up to 116 ppm W) in the general area of these two quarries, interpreted by company management to be associated with the tungsten mineralization at the quarries. The program confirmed tungsten soil anomalies in three areas northwest, north and northeast of these quarries with up to 402 ppm W. Company management interpret these particular soil anomalies to possibly represent separate sources of tungsten mineralization as they are not in the documented down-ice glacial direction from the two quarries.
The soil sampling program also identified local tungsten anomalies in the southern half of the property. Kidd Creek Mines Ltd. had previously reported tungsten mineralization in this region within narrow horizons described as calc-silicate horizons (reported up to 40 centimetres wide). The soil sampling program identified local tungsten anomalies in the area of reported trenching and drilling by Kidd Creek. Some soil samples in this area returned greater than 100 ppm W, including two samples which returned 320 and 1380 ppm W.
Great Atlantic will integrate the 2015 soil sampling results into 2016 exploration plans. Dave Martin, VP Exploration for Great Atlantic, noted “the 2015 soil sampling identified tungsten anomalies in the area of known tungsten mineralization at the two northern quarries confirming that soil sampling is a useful exploration tool in this area. The program was successful in confirming tungsten anomalies elsewhere on the property, establishing targets for further work in addition to the two northern quarries.”
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 information referred to in this News Release is accurate.
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.
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”
Director
604-488-3900
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.
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