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Great Atlantic Resources Corp (3)
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Great Atlantic samples up to 1.1% WO3 at South Quarry

2020-01-22 09:19 ET - News Release

Mr. Christopher Anderson reports


Great Atlantic Resources Corp. has received analyses for samples collected within a new target area at its 100-per-cent-owned South Quarry tungsten property, located in east-central Newfoundland. Multiple samples returned anomalous tungsten values. The highlight was a bedrock grab sample, weighing 1.02 kilograms, which returned 0.871 per cent tungsten, or 1.10 per cent tungsten trioxide (WO3). The new target area is located within the northern region of the property and northeast of the quarry referred to as the South Quarry. The company previously confirmed high-grade tungsten at the South Quarry.

Tungsten mineralization in the new target area occurs in quartz-dominant veins being exposed in bedrock at a historic trench/stripped area. A grab sample from one vein returned 1.10 per cent WO3.

Two thousand fifteen Great Atlantic high-grade tungsten samples from rubble and bedrock at the South Quarry and an adjacent smaller quarry (news release of Nov. 19, 2015) include:

  • Eleven rubble grab samples exceeded 5 per cent WO3.
  • A 20-centimetre-long channel sample along a 15-centimetre-wide vein returned 2.96 per cent WO3.
  • A grab sample from a 25-centimetre-wide vein in the South Quarry returned 11.94 per cent WO3.

Tungsten mineralization (scheelite) was located during the 2019 program within a new target area in the northern region of the property. Scheelite-bearing, quartz-dominant veins were located within bedrock at a historic trench/stripped area in this new target area. A qualified person supervised the 2019 program and verified sample data. The samples were analyzed by ALS Canada Ltd., including tungsten analysis by lithium borate fusion, followed by ICP-MS analysis. ALS Canada Ltd. is independent of Great Atlantic. A grab sample from a subvertical, northwest-southeast-striking, quartz-dominant vein (approximately three centimetres wide) returned 0.871 per cent tungsten (W) (1.10 per cent WO3). Four other outcrop grab and rubble samples of quartz-rich vein material from the same area returned anomalous values of 42 to 177 parts per million (ppm) tungsten.

A qualified person also supervised the 2015 program and verified the sample data. The 2015 samples were also analyzed at ALS Canada by lithium borate fusion, followed by ICP-MS analysis, with some samples reanalyzed by XRF.

David Martin, professional geoscientist, a qualified person as defined by National Instrument 43-101 and vice-president of exploration for Great Atlantic, is responsible for the technical information contained in this news release.

Christopher R. Anderson, president, chief executive officer and a director, stated: "Mr. Martin and myself were an integral part of the initial management team that advanced the Sisson tungsten-molybdenum project in New Brunswick, an advanced-stage project currently operated by Northcliff Resources Ltd. We understand the tungsten market and feel that the South Quarry tungsten property, although early stage, has the ear marks of being a significant asset for the company."

The South Quarry property covers an area of 1,925 hectares. Access to the property is excellent with a paved road transecting the property.

About Great Atlantic Resources Corp.

Great Atlantic 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 No. 1 mining regions of the world.

We seek Safe Harbor.

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