InvestmentPitch Media Video Discusses Great Atlantic's Prospecting and Rock Geochemical Sampling Program at its Mascarene Property, Located in Southwest New Brunswick

2022-04-05 / @nasdaq

 

VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) -- 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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InvestmentPitch Media Video Discusses Great Atlantic’s Prospecting and Rock Geochemical Sampling Program at its Mascarene Property, Located in Southwest New Brunswick.: 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

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Great Atlantic” in the search box.

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.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Great Atlantic has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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