Great Atlantic Completes Geophysical Surveys At Its 100% Owned Keymet Precious Metal - Base Metal Property, Northeast New Brunswick

VANCOUVER, BC / ACCESSWIRE / March 28, 2024 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed geophysical surveys at its Keymet Precious Metal - Base Metal Property, located in northeast New Brunswick.

Foto: Accesswire

The geophysical surveys consisted of ground magnetometer and very-low-frequency (VLF) surveys in the west-central to central regions of the property including an area of gold soil geochemical anomalies.

The ground magnetometer and VLF geophysical surveys were completed during the second half of March. The surveys covered an area of approximately 2 by 0.6 kilometers with the western part of the survey area covering a zone of gold soil geochemical anomalies identified by the Company during 2021-2022 programs (see Company news release of March 23, 2023). The 2021-2022 soil geochemical sampling defined a zone of gold soil anomalies approximately 200 meters

y 200-500 meters of which 39 of 44 samples from this zone returned anomalous values of 0.005-0.067 parts per million (ppm) gold (5-67 parts per billion (ppb)), establishing a priority target area for Great Atlantic. The objectives of the geophysical surveys were to assist in interpreting bedrock geology and to identify anomalies that could represent potential gold-bearing structures and trenching - diamond drilling targets. Great Atlantic is awaiting results from the surveys.

The combined 2021 - 2023 programs (prospecting and rock - soil geochemical sampling) has identified an approximately 1.5 kilometers long northeast-southwest target trend with local gold soil anomalies and local highly anomalous gold in glacial float and bedrock adjacent to the Melanson Brook Fault in the west-central region of the property (see Company news release of March 22, 2024). The March 2024 geophysics surveys overlapped the east part of this trend. Company management have found no reports of diamond drilling within this target area.

Foto: Accesswire

Gold deposits occur approximately 1.6-2.4 kilometers southwest of the southwest region of the Keymet Property. These deposits are referred to as the West Gabbro Zone, South Gold Zone and Discovery Zone (New Brunswick Department of Natural Resources and Energy Development, Mineral Occurrence Database; and Murahwi et al., 2011). Great Atlantic has no interest in these deposits. Readers are warned that mineralization at the West Gabbro Zone, South Gold Zone and Discovery Zone is not necessarily indicative of mineralization on the Keymet Property.