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Antimony Soil Anomalies defined on Great Atlantics McDougall Road Antimony/Gold Projec

12.05.2016  |  FSCwire
Vancouver - Great Atlantic Resources Corp. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce analytical results from the 2015soil geochemical survey at its McDougall Road Antimony - Gold Project, located in western New Brunswick. Soil sampling confirmed a zone of antimony anomalies in the central region of the property, with samples returning up to 62.8 ppm Sb. A few soil samples in the southern - most part of the survey area were also anomalous for gold, returning up to 17 ppb Au. The McDougall Road Project is located approximately 17 kilometres southwest of Woodstock and approximately 13 kilometers northeast of the Golden Ridge Gold Deposit (currently owned by Noront Muketei Minerals Ltd.). Both the Golden Ridge Gold Deposit and the McDougall Road Project occur along the northeast trending Catamaran - Woodstock Fault.

The 2015 soil geochemical survey was conducted in the central region of the McDougall Road Project in the reported area of the Catamaran - Woodstock Fault, a major structure in western New Brunswick. An antimony bearing quartz vein and antimony soil anomalies were reported in this region of the property in the 1990s by Freewest Resources Canada Inc. Freewest reported the vein to be 12 centimeters wide and within a sericite - silicic alteration zone in the area of the fault. Freewest reported a grab sample of the vein to return 11.6% Sb and 340 ppb Au. Great Atlantic has not verified this vein.

A total of 219 soil samples were collected the central region of the property during the 2015 survey. The samples were collected along 9 east - west traverses spaced at approximately 100 meters. Sample spacing along the traverses was approximately 25 metres. A total of 122 samples were submitted to ALS Global for analysis. These were samples from alternate traverses, including all samples from 5 traverses. The 122 samples were sieved to minus 180 micron, the sieved portion being analyzed for antimony by Four Acid and Inductively Coupled Plasma - Mass Spectrometry (ICP-MS). Thirty-one of the samples were also analyzed for gold by Fire Assay and Atomic Absorption Spectroscopy (AAS).   

The analytical results for the 122 samples define a narrow, approximate north to northeast trending zone of antimony soil anomalies in the eastern part of the survey area. This zone covers a north - south distance of at least 800 metres and includes the area of the antimony bearing vein as reported by Freewest Resources. Twelve of the thirteen samples that exceeded 5 ppm Sb are from this zone, including samples returning 13.6, 23.8 and 62.8 ppm Sb. This zone is narrow varying from single sample antimony anomalies on two lines to multiple anomalous samples within 75 - 100 meter wide intervals on three lines. Analyses for the remaining 97 samples from the alternate lines are required to further evaluate this zone. The Company plans to submit the remaining samples for analysis. Three of the six soil samples from the southern - most traverse were weakly anomalous for gold, returning values of 5, 7 and 17 ppb Au.

David Martin, VP Exploration for Great Atlantic, stated “ the 2015 soil geochemical survey confirmed antimony anomalies in a trend approximately parallel to the Catamaran - Woodstock Fault Zone and in the area of a reported antimony bearing vein. This establishes a distinct trend for additional work including geophysics, trenching and diamond drilling.”

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Readers are warned that historical records by Freewest Resources Canada Inc. 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

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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