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Great Atlantic Resources Plans Gold Exploration Program at Its 100% Owned Keymet Precious Metal Property, Northeast New Brunswick
VANCOUVER, BC / ACCESSWIRE / May 14, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Co...
About this update from Great Atlantic Resources Corp.
[{"type":"text","content":"Great Atlantic Resources Plans Gold Exploration Program at Its 100% Owned Keymet Precious Metal Property, Northeast New BrunswickVANCOUVER, BC / ACCESSWIRE / May 14, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the \"Company\" or \"Great Atlantic\") is pleased to announce it is planning exploration during 2020 at its Keymet Precious Metal - Base Metal Property, located in northeast New Brunswick. The program, planned to begin this spring, will focus on gold exploration in the southwest region of the property. The Company has identified exploration targets in this region based on historical work. Reported historic highlights in this region include a reported trench chip sample of 2.5 grams / tonne (g/t) gold over 6.1 meters length and reported soil samples of 217 and 325 parts per billion (ppb).Company management have evaluated historical public records and have identified targets for focused 2020 gold exploration in the southwest region of the Keymet Property.Gold soil geochemical anomalies and gold bearing rock samples are reported within the southwest region of the Keymet Property. A gold occurrence referred to as the Alcida East occurrence is reported in this region of the property. Reported historical highlights for this region include:2.5 grams / tonne (g/t) gold over 6.1 meters and 1.9 g/t gold over 1.5 metes in historical trench (1980s).3.3 g/t gold over 0.60 meters in historical trench and 4.3 g/t gold in grab sample (Alcida East occurrence). Gold soil geochemical anomalies were reported during 2005, including reported high values for gold of 217 and 325 ppb. Three gold deposits with reported mineral resources are reported west of the southwest region of the Keymet Property within adjacent mineral claims. Great Atlantic has no interest in these adjacent mineral claims. These deposits, referred to as the West Gabbro Zone, Discovery Zone and South Gold Zone, are reported within 2 kilometers of the Keymet Property southwest boundary.Micon International Limited reported 43-101 compliant mineral resources for the West Gabbro Zone (WGZ), South Gold Zone (SGZ) and Discovery Zone (DZ) in Technical Report on the Mineral Resource Estimate for the Elmtree Gold Property (Effective Date: 4 March 2011) for CNRP Mining Inc. and Gorilla Resources Corp. The reported resources include:WGZ: Indicated Resources: 1,611,000 tonnes @ 1.91 ...