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Great Atlantic Acquires Glenelg Vanadium Property - Southwest New Brunswick
VANCOUVER, BC / ACCESSWIRE / May 6, 2019 / GREAT ATLANTIC RESOURCES CORP. ( TSXV.GR) (the "C...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Acquires Glenelg Vanadium Property - Southwest New BrunswickVANCOUVER, BC / ACCESSWIRE / May 6, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it has acquired, through an option agreement and by staking, the Glenelg Vanadium Property, located in southwest New Brunswick. Recent bedrock grab samples from the property from a layered intrusion returned significant levels of vanadium and titanium. Historic grab bedrock samples are reported to return significant levels for gold, cobalt and bismuth. The property is located approximately 5 kilometers southeast of the Clarence Stream Gold Project of Galway Metals Inc. Recent and historic bedrock grab samples of 0.33 & 0.42% V2O5. Historic bedrock grab sample of 14 g/t Au, 1.38% Bi, 0.65% Co and 27.5 % TiO2. Vanadium, titanium and iron mineralization in layered Bocabec Gabbro Complex. (To view the full-sized image, please click here)The Glenelg property has seen little exploration. Company management cannot find evidence of historical drilling within the property. The property is reported to be underlain by the Silurian Bocabec Gabbro Complex (gabbro, minor granodiorite, diorite and granite). Polymetallic veins were discovered within the property during 2006 and 2013 by one of the option partners. A grab sample collected during 2006 was reported to return 2.6 grams per tonne (g/t) gold and 0.65% cobalt. Another grab sample was reported to return greater than 1% copper and 0.15% cobalt. A 2013 grab sample from a sulfide vein was reported to return 14 g/t gold, 1.28% bismuth and 0.12% cobalt.A 2013 sample collected by one of the option partners from a magnetic layer in the Bocabec Gabbro Complex was reported to return 0.237% vanadium (0.42% V2O5), 16.5% titanium (27.5% TiO2) and greater than 30% iron. A grab sample from a magnetic layer collected by Great Atlantic during 2018 returned 0.188% vanadium (0.33% V2O5), 10.10.3% TiO2 and 25.71% iron. This sample was collected by a qualified person. This sample was analyzed by ALS Canada Ltd. by XRF Fusion. (To view the full-sized image, please click here) (To view the full-sized image, please click here)The Glenelg Property is located approximately 5 kilometers southeast of the Clarence Stream Gold Project of Galway Metals Inc. (TSXV.GWM). Galway reported a NI 43-1...