Great Atlantic Completes Diamond Drill Program at Keymet Base and Precious Metal Project Historic Bathurst Mining Camp

Vancouver, British Columbia (FSCwire) - Great Atlantic Resources Corp. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce that a diamond drilling program has been  completed at its Keymet Base and Precious Metal Project, located in northeast New Brunswick. The program consisted of four holes totalling 419 metres. The Keymet project is located approximately 20 kilometres northwest of Bathurst and covers an area of approximately 3560 hectares.

The drilling program was conducted in the northwest region of the property, a priority area for the Company. Multiple base metal and silver bearing vein occurrences are documented in this region, including the historic Keymet Mine. The drilling program tested two base metal and silver bearing vein occurrences northwest of the historic Keymet Mine. These are the Elmtree 12 and Elmtree 13 vein occurrences. The Elmtree 13 occurrence is also referred to as the Elmtree Silver Mine.

The November 2015 drill program consisted of two holes testing the historic Elmtree Silver Mine vein occurrence and two holes testing the Elmtree 12 vein occurrence. Veins containing zinc, lead and / or copper base metal sulfides were intersected in all four holes. The Company is currently collecting drill core samples of these veins to be submitted for zinc, lead, copper, silver and gold assay. Arsenopyrite mineralization was also intersected locally in drill holes at the Elmtree 12 occurrence. The Company is collecting drill core samples containing this mineralization to be submitted for gold assay.

Two holes were completed during the program at the historic Elmtree Silver Mine. One hole tested the continuation of the vein under the historic shaft. This shaft was reported to be 20 metres deep, sunk during the late 1800s. The shaft was reported to intersect a base metal and silver bearing vein. A second hole tested for the vein approximately 75 metres northwest of the first hole. The Elmtree Silver Mine vein is reported to strike northwest, dip to the northeast and have a width of 1.8 to 2.4 metres. The shaft is located approximately 1.3 kilometres northwest of the historic Keymet Mine (of which the main vein also strikes northwest).

Company management believes the historic Elmtree Silver Mine to represent the same mineralized structure as at the historic Keymet Mine. Historic exploration data is very limited for the Elmtree Silver Mine. Government reports indicate the vein to contain significant levels of lead, zinc and silver. Late 1800s and early 1900s reported assays include 71.1 and 59% lead and 33.75 oz. / ton silver. A 1989 government dump sample was reported to return 120,000 ppm zinc (12.0% Zn). Rubble and float samples collected by Great Atlantic prospectors near the shaft returned up to 14.5% zinc. 6.27% lead, 1.5% copper and 139 parts per million silver (139 ppm or grams / tonne Ag). There are no reports of recent drilling at this vein occurrence. Four holes were reported in this area during the 1930s and 1940s although no data is available for these holes. 

Two holes were completed during the program at the Elmtree 12 vein occurrence, approximately 1.4 kilometres northwest of the historic Keymet Mine and 0.5 kilometres north of the historic Elmtree Silver Mine. The holes tested an area of historic 1980s drill holes (by Brunswick Mining and Smelting and Aurtec Inc.) and a 2015 Great Atlantic trench. The 1980s holes reportedly intersected near-surface mineralized veins. These include a 0.88 metre core length interval from a 1981 drill hole 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 near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. The summer 2015 trenching program by Great Atlantic exposed a northwest striking mineralized vein approximately above the 1980s drill intersections. One of the 0.5 metre channel samples across the vein returned 308 ppm silver, 19400 ppm copper (1.94%) and 15250 ppm zinc (1.525% Zn). A sample of float at the till – bedrock interface from this trench returned 472 ppm silver, 51400 ppm copper (5.14% Cu) and 76100 ppm zinc (7.61% Zn).

To view the graphic in its original size, please click here

Sphalerite – bearing vein in drill hole Ky-15-4

Gold bearing boulders are also documented immediately south of the Elmtree 12 vein occurrence. Previous Great Atlantic boulder samples assayed up to 51 grams / tonne Au in this area. Two previous Great Atlantic trenches in this area exposed gold bearing altered and / or sheared sediments (including channel sample intervals of 1.09 grams / tonne Au over 11.78 metres and 1.1 grams / tonne Au over 4.9 metres). These gold bearing zones contain arsenopyrite.   

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.

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



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Source: Great Atlantic Resources Corp. (TSX Venture:GR, OTC Bulletin Board:PRZCF) http://greatatlanticresources.com/
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