1st Trench on 2 kilometer anomaly exposes 20 meter mineralized zone Up to 12% Zinc, 18% Lead and 6oz/t Silver
(via Thenewswire.ca)
VANCOUVER, British Columbia - August 29, 2012 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) is pleased to announceinitial assay results from a trenching program over selected areas on its 3,440 acre Rare Earth Element and Base Metal Porcupine property located in Northumberland County, New Brunswick.
" Seeing that this project is within the world class Bathurst mining district, these results are extremely encouraging. Other companies also working in the region have and are leveraging similar opportunities, as potential Lead Zinc Silver feed forXstrata's Brunswick 12 mine."
Chris Anderson , President
Geophysical and geochemical surveys completed in 2011 identified a strong chargeability anomaly associated with the contact zone between a foliated biotite granite and mafic metavolcanics of the Lower Ordovician Malcolm Brook Formation which was 75 to 100 meters in width, 600 meters in length and open to the east. Follow-up "B" horizon soil geochemistry outlined a coherent Lead (Pb) - Zinc (Zn) anomaly of up to 600 parts per million (ppm) Pb + Zn lying immediately downslope of the Induced Polarization (IP) anomaly.
In June, 2012, the geophysical grid was extended to the east. Six-hundred-meter-long lines were run at 100-metre intervals for a distance of 2,000 meters east along the apparent trend of the 2011 IP target. It was found that the IP target extended for a distance of 1,400 meters to the east before gradually petering out.
Upon completion of the IP work, it was decided to put a test trench on the western end of the IP/geochemical target. A 75-metre-long trench was dug to cover the IP and the source area of the lead/zinc geochemistry. Overburden was found to vary in depth from two meters over the granites to more than five meters over the metavolcanics. A 20 meter wide zone of intensely sheared and altered granite cut by massive galena-sphalerite veins was found to lie on the peak of the IP anomaly.
These initial results are very encouraging and plans are underway to open up the mineralization along the trend of the 2 kilometer IP/Geochem anomaly with a series of trenches spaced at 200 meter intervals. Concurrent with the trenching work, soil sampling will be carried out on the eastern extension of the IP grid. If the mineralization can be shown to have significant lateral extent then a drill program will be conducted along the course of the shear to test the down dip continuity of the mineralization.
Three, 2-3 Kilogram grab samples were assayed from the partially exposed 20 meter mineralized zone that was recently excavated. The assay method used was Sodium peroxide fusion followed by ICP-OES. A summary of selected assays from the three samples are reported in the table below.
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|Sample|Silver (ppm)|Lead (ppm)|Zinc (ppm)|Copper (ppm)|
|------------------------------------------------------|
|1 |175 |180,000 |119,000 |3,900 |
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|2 |31 |17,400 |16,200 |792 |
|------------------------------------------------------|
|3 |<3 |1,480 |4,160 |311 |
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Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
About Great Atlantic Resources Inc.:
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral deposits in Atlantic Canada which is a sovereign risk free domain. Recently New Brunswick was announced as the number one mining region in the world. Great Atlantic has assembled the A-team of explorers in the region with decades of experience and known track records for discoveries. Currently the company is propelling forward under a project generation model with a focus on Antimony, Tungsten and Gold.
On Behalf of the board of directors
"Chris Anderson"
Christopher R Anderson,
CEO - President 604 488-3900
Read about Great Atlantic Resources Corp.: http://greatatlanticresources.com/corporate-overview/
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