Vancouver, British Columbia (FSCwire) - GREAT ATLANTIC RESOURCES
CORP. (TSX.V: GR) (the “Company” or “Great Atlantic”) is pleased to provide this update in regard to its Kagoot Brook
Cobalt project.
To view the graphic in its original size, please click here
Kagoot Brook Co-Mn-Base Metal Project, New Brunswick Historical work at Kagoot Brook has
delineated two drainages, two kilometres apart, that exhibit remarkably high cobalt values up to 6,000 ppm in the silts (see
Company news releases dated May 31 and February 14, 2018). The recent results from a complementary silt sampling program
has:
1) Fully corroborated the existence and intensity
of the cobalt mineralization; and
2) Revealed a strong relationship and significant
occurrence of manganese and base metals (nickel, copper, lead and zinc) with the cobalt mineralization.
The observed suite of elements and local geological units supports a ferromanganese marine environment indicating a
strong affinity and trap for cobalt and base metals; a setting similar to the well-known ferromanganese stratiform mineralizing
models around the world.
Of note:
1. The amount of manganese and iron in the cobalt enriched silts, upwards to 4.1% and 26.7% respectively,
indicates a prevalent source with size potential; and
2. The relative percentage of the manganese to cobalt indicates a favourable high cobalt tenor (i.e. grade
component).
As a result, Great Atlantic’s optionee has initiated a follow-up stream silt sampling program with tightly spaced
sample stations to better frame the contact of the underlying target mineralized horizon. In conjunction, a detailed
magnetometer and very low frequency electromagnetic (“VLF-EM”) survey has been initiated to map the underlying stratigraphy to
assist with the targeting.
Once these additional surveys have been completed and integrated with the historical work, a drill program is
planned.
No drilling has ever been conducted and no source of the historic geochemical anomalies is known on the
property.
Note(*): The surface rock grab and stream silt samples reported in this release are solely designed to show the
presence or absence of mineralization and to characterize the mineralization. Grab and silt samples are by definition
selective and not intended to provide nor should be construed as a representative indication of grade or mineralization at the
projects.
Option Agreement
The Kagoot Brook property is 100% owned by Great Atlantic and is subject to an underlying
agreement with a Explorex Resources Inc. ( EX.v ). Explorex is acquiring up to a 75% interest in the project. (See News
Release dated February 14,2018)
Technical Information in this news release has been reviewed by David Martin, P Geo., a Qualified Person as that
term is defined in NI 43-101.
On Behalf of the board of directors
“Christopher R Anderson”
Mr. Christopher R. Anderson " Always be positive, strive for solutions, and never give up "
President CEO Director
604-488-3900 – Dir
Investor Relations:
Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free: 888-280-8128
E-mail: info@kayewynn.com
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration
company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic
Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company
utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in
Atlantic Canada, Antimony, Cobalt, Zinc, Tungsten and Gold.
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in
this release, other than statements of historical facts, that address future exploration drilling, exploration activities and
events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking statements include exploitation and exploration
successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Great Atlantic Resource Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4
To view the original release (with media), please click here
Source: Great Atlantic Resources Corp. (TSX Venture:GR, FWB:PH01)
To follow Great Atlantic Resources Corp. on your favorite social media platform or financial websites, please click on the
icons below.
Maximum News Dissemination by FSCwire. https://www.fscwire.com
Copyright © 2018 FSCwire