Vancouver, British Columbia--(Newsfile Corp. - September 7, 2018) - Great Atlantic Resources (TSXV: GR) (FSE: PH01) has
commenced its 2018 exploration program at its Pilley's Island Base Metal — Precious Metal Property. Through staking earlier this
year, the property, located in north-central Newfoundland, was expanded by more than four times its previous size, from 875
hectares to the current 4,600 hectares, and now covers more that 95% of Pilley's Island.
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The property is located within a mining friendly district, with excellent access and infrastructure. It is serviced with power
and government maintained roads and is located within 2 kilometers of tide water.
The property hosts the historic Pilley's Island Mine, which operated during the 1890s and early 1900s. The Newfoundland and
Labrador Department of Natural Resources reports historic estimated proven reserves of 1,159,000 tonnes grading 1.23% copper, or
627,373 tons at 2.34% copper in their Mineral Occurrence Database.
David Martin, VP Exploration for Great Atlantic, stated: "These historical estimates of reserves are not reliable. The
historical estimates are only relevant to the extent of identifying an area on the property for research and possible future
exploration. The key assumptions, parameters, and methods used to prepare the historical estimates are not known. A qualified
person has not done sufficient work to classify the historical estimates as current resources or current reserves. Great Atlantic
is not treating the historical estimates for the historic Pilley's Island Mine as current mineral resources or mineral
reserves."
The focus of Great Atlantic's work to date on the property has been the Bull Road showing, located in the southern region of
Pilley's Island. A trench was excavated in 2017 at this showing exposing sulfide mineralization over a northwest-southeast length
of 130 meters with a width varying between 1 and 7 meters.
The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide
clasts up to greater than a meter in length. The company confirmed significant levels of zinc, lead, copper, gold and silver
mineralization during 2017 within the property at the Bull Road Showing.
Sample highlights from the Bull Road Trench are shown in this table.
Channel and Grab Samples from Bull Road Trench
To view an enhanced version of this table, please visit:
http://orders.newsfilecorp.com/files/2189/38532_a1536294617929_81.jpg
The current work program consists of prospecting and rock and soil geochemical sampling on a regional scale covering multiple
target areas. The company is also planning a diamond drilling program for 2018 at the Bull Road Showing.
For more information, please visit the company's website www.greatatlanticresources.com. Investor Relations is handled by Kaye Wynn
Consulting Inc. They can be reached at either 604-558-2630 or 888-280-8128, or email info@kayewynn.com
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