InvestmentPitch Media Video Discusses Great Atlantic’s Prospecting and Rock Geochemical Sampling Program at its Mascarene Property, Located in Southwest New Brunswick
05 Abril 2022 - 7:00AM
Great Atlantic Resources (TSXV:GR) (FSE:PH02) has started a
prospecting and rock geochemical sampling program at its Mascarene
Property, located in southwest New Brunswick. The copper, cobalt,
nickel, zinc and gold Mascarene Property, which covers an area of
approximately 2,080 hectares, is located approximately 6 kilometers
southwest of the town of Saint George.
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Rock sampling is currently being conducted in the
area of the Wheal Louisiana copper-nickel-cobalt occurrence, in an
area where previous Great Atlantic rock sampling also confirmed
gold mineralization. Two shafts were sunk at the Wheal Louisiana
occurrence in the 1850s with other historic pits existing in this
area.
Limited sampling by Great Atlantic during 2020
confirmed copper and gold mineralization in rubble adjacent to a
shaft and a near-by pit in this target area. A rubble sample of
mafic rock returned 6.19% copper, 0.404 grams per tonne gold and an
anomalous value of 107 ppm cobalt. Two quartz vein rubble samples
returned anomalous values of up to 0.86% copper and up to 0.19
grams per tonne gold.
A small inactive quarry also exists in the area of
the Wheal Louisiana occurrence with sulfide, including
chalcopyrite, bearing quartz veins in bedrock and quartz vein
rubble. Great Atlantic is conducting additional rock sampling in
this area.
Prospecting and rock geochemical sampling are also
planned during 2022 at other target areas within the Mascarene
Property including areas where the company has confirmed gold,
copper and zinc mineralization in rubble adjacent to historic
workings.
Great Atlantic recently completed a five-hole
diamond drilling program in the area of the Wheal Louisiana
occurrence with chalcopyrite bearing veins being intersected.
Quartz and/or carbonate veins with chalcopyrite (+/- pyrite and
pyrrhotite) were intersected in four drill holes. The drill core
from that program is currently being logged and sampled.
A broad northeast trending zone of magnetic high
anomalies, identified during a 2001 government airborne magnetic
survey, transects the entire Mascarene Property. Great Atlantic’s
management speculates this magnetic high trend to be associated
with a buried mafic intrusion(s) and a possible target for mafic
intrusive hosted copper-nickel-cobalt deposits. The current
prospecting and rock sampling is and will be conducted within and
adjacent to this magnetic high trend.
Great Atlantic, with a number of properties in the
Atlantic provinces, is utilizing a Project Generation model, with a
special focus on critical elements which are prominent in Atlantic
Canada, such as Antimony, Tungsten and Gold.
The shares are trading at $0.22. For more
information, please visit the company’s website
www.GreatAtlanticResources.com, contact Christopher R. Anderson,
President & CEO, at 604-488-3900. For Investor Relations
contact Andrew Job at 416-628-1560 or
IR@GreatAtlanticResources.com.
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video is for the viewers information only. Great Atlantic has paid
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