Great Atlantic Confirms Anomalous Gold in Rock and Soil Samples 1.5 Kilometers Long Target Trend

100% Owned Keymet Precious Metal - Base Metal Property New Brunswick

VANCOUVER, BC / ACCESSWIRE / March 22, 2024 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has received analytical results for rock and soil samples collected during 2023 at its Keymet Precious Metal - Base Metal Property, located in northeast New Brunswick. Highlights include:

• Gold soil anomalies in new target area (west-central region) with 21 of 41 samples yielding anomalous gold values of 10 - 77 parts per billion (ppb) gold.
• Bedrock grab sample (west-central region) yielded 1.41 grams / tonne (G/T) gold.
• 1.5 km long target trend (west-central region) adjacent to Melanson Brook Fault.
• Glacial float sample (northwest region) in a new target area yielded 0.43 G/T gold.

Foto: Accesswire

Gold Bearing Outcrop (2022-2023 Samples: 1.41, 0.98 and 0.34 G/T Gold)

Forty-one soil samples were collected during 2023 in the west-central region of the Keymet Property. The samples were collected within one kilometer of the reported location of the Melanson Brook Fault (Wilson, R.A. (compiler) 2013) within what Company management believe is a favourable northeast - southwest trend for gold mineralization adjacent to and south of the Melanson Brook Fault. The 2023 soil geochemical sampling area is approximately 1.4-2 kilometers southwest of the 2021 and 2022 soil sampling area in which gold anomalies were identified (see Company News Release of March 23, 2023) and approximately 700 meters southwest of a gold bearing outcrop discovered in 2002 (see Company News Release of December 1, 2022). The 2023 samples were collected along two northwest-southeast traverses spaced approximately 300 meters apart. Sample spacing along the traverses was approximately 25 meters.

Foto: Accesswire

Twenty-one of the 41 soil samples returned anomalous gold values in the 10-77 ppb range. Nine samples exceeded 20 ppb gold of which seven of nine samples along an approximately 200 meters long section from the east line exceeded 20 ppb gold (up to 49 ppb Au) defining a target area for further exploration in the opinion of Company management. Multiple samples returned anomalous zinc values including four samples in the 541 - 850 parts per million (ppm) range.