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Investorideas Featured Company: Great Atlantic Resources Corp. (TSXV.GR)

Building a Gold Resource in Canada's Newest Emerging Gold District, Newfoundland

Great Atlantic Resources Corp.

Great Atlantic Resources Corp. (TSXV:GR) 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, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.

Key Facts:

Great Atlantic Resources Corp.

Symbol: (TSXV:GR; FRA: PH02)

Sector: Mining

Company Website: greatatlanticresources.com


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Contact:

Office

888 Dunsmuir Street, Suite 888
Vancouver BC, Canada V6C 3K4
office@greatatlanticresources.com
(604) 488-3900

Investor Relations

ir@greatatlanticresources.com
+1 (416) 628-1560
(604) 488-3900

Exploring In Canada's Newest Emerging Gold District




Great Atlantic Resources Corp. (TSXV.GR)
Great Atlantic Resources Corp. (TSXV.GR)
Great Atlantic Resources Corp. (TSXV.GR)
Great Atlantic Resources Corp. (TSXV.GR)
Great Atlantic Resources Corp. (TSXV.GR)

PROJECTS

NEWFOUNDLAND - The Golden Promise Gold Property

The Golden Promise Gold Property is Great Atlantic's most advanced, highest priority and largest (approx. 16,500 hectares) property. The Property is located within the central Newfoundland gold belt, near the town of Badger. Multiple gold bearing quartz veins/ quartz vein systems and zones of gold bearing quartz boulders are reported within the Property. One such quartz vein system is the Jaclyn Main Zone (JMZ). Great Atlantic reported a 43-101 compliant mineral resource estimate for the JMZ during December 2018 (119,900 oz. gold Inferred resource). Multiple 2017 Great Atlantic quartz samples from different regions of the Golden Promise Property exceeded 1 oz./ ton gold. Diamond drilling in 2019 tested a section of the JMZ, with high grade gold intersected in multiple holes, including core length intersections of:

  • 35 g/t gold / 2.04 meters
  • 80 g/t gold / 2.70 meters
  • 07 g/t gold / 0.55 meters
  • And 2.30 g/t gold / 25.25 meters)

Diamond drilling during 2020 targeted the Jaclyn North Zone and intersected gold bearing veins. The 2021 diamond drilling program is underway as of July 2021, targeting the JMZ and Jaclyn North Zone (JNZ).

Gold bearing quartz boulders were first reported at the Golden Promise Property in 2002. Multiple exploration programs have been conducted since, including approximately 24,500 meters of diamond drilling; historic (2008) and recent (2018) mineral resource estimates, and a historic (2010) bulk sample. Gold bearing quartz veins are reported in multiple regions of the Property, including five gold bearing quartz vein zones in the central region of the Golden Promise Property, referred to as the Jaclyn Zone (includes the JMZ and JNZ). Other reported gold bearing veins/ vein systems within the Golden Promise Property include the Linda/ Snow White and Gabbro Occurrence in the southern region; Otter Brook in the east region and Shawn's Shot in the central region of the Property. Historic exploration for the Property is documented in the Newfoundland Labrador Department of Industry, Energy and Technology mineral assessment reports. Historic high-grade boulder samples are reported in the northern region of the Property with reported samples returning 335 g/t Au (Justin's Hope boulder occurrence) and 80 g/t Au (Branden boulder occurrence).

A bulk sample from the JMZ was also extracted and processed in 2010, reported to be approx. 2200 tonnes with a 5.59 g/t Au head grade (source: Crosshair Exploration and Mining Corp. mineral assessment report).

Reported historic drill intersections (2002-2007) include (core length):

  • GP02-13: 25.74 g/t Au over 1.55m;
  • GP06-52: 93.71 g/t Au over 1.40m;
  • GP06-65: 20.65 g/t Au over 1.60m;
  • GP07-91: 43.83 g/t Au over 1.45m.

TECHNICAL REPORT: The Golden Promise Property


NEW BRUNSWICK - The Keymet Property

Keymet is a high priority precious metal - base metal property, located in northeast New Brunswick near Bathurst. The property covers an area of approximately 3400 hectares. Polymetallic veins (copper, lead, zinc, and silver) were mined during the 1950s in the northern region at the historic Keymet Mine. Historic exploration by multiple companies dates back to the late 1800’s with multiple mineralized veins reported in the northern region, including the historic Keymet Mine (source: New Brunswick Department of Energy and Resource Development files).

Great Atlantic conducted diamond drilling at the Elmtree 12 vein system in 2015 and 2017. Intersections include 16.68% Zn, 1.11% Cu and 152 g/t Ag over 1.80 meters (in hole Ky-15- 3) and 8.68% Zn, 0.29% Cu and 44 g/t Ag over 4.28 meters (in hole Ky-15- 4 approx. 35m vertically under the Ky-15- 3 intersection). A qualified person has verified this drill hole data. A qualified person managed the drilling / sampling programs and verified hole locations - directions, sample intervals and analytical data. The drill core samples (and lab-inserted blank, standard and duplicate samples) were analyzed by ALS Canada in North Vancouver, BC (gold by Fire Assay - Atomic Absorption and lead, zinc, copper and silver by Inductively Coupled Plasma - Atomic Emission Spectroscopy or Atomic Absorption). ALS Minerals is independent of Great Atlantic. Trenching by Great Atlantic in 2015 in this area intersected a gold bearing zone of which channel samples across the zone graded 1.1 g/t Au over 4.9 meters. A qualified person has verified this trench channel sample data through management of the trenching / sampling program and verification of the sample intervals and analytical data. The channel samples (and lab-inserted blank, standard and duplicate samples) were analyzed by ALS Canada in North Vancouver,BC with gold analysis by Fire Assay - Atomic Absorption. Host rocks in this area are meta-sediments.

Gold bearing zones are documented west of the Keymet property on an adjacent property. Great Atlantic has no interest in this adjacent property.

Key Facts:

  • Hole Ky-17-8 (2017 discovery): 18.80% Zn (37.32% Zn Equiv. as of June 14 2018), 3.55% Cu, 1.16% Pb & 576 g/t Ag / 1.27 meter core length
  • The 1950's Keymet Mine facility was gutted by fire. The mine was never reopened due to global recession and low silver prices
  • Multiple Pb, Zn , Cu & Ag bearing veins (including historic Keymet Mine and Elmtree 12 Vein System)
  • Great Atlantic has defined drill targets
  • Only 20 km from historic Brunswick 12 mine
  • Gold mineralization discovered in Great Atlantic trenches and drill holes

NEWFOUNDLAND - The South Quarry Property

One area of tungsten mineralization (scheelite) is a quarry referred to as the 'South Quarry' in the northern part of the property. At this location, the scheelite occurs in veins cutting metasediments. Access to this quarry and the entire property is excellent. A paved provincial highway transects the property from north to south.

South Quarry is a high priority tungsten property with lithium potential, located in east-central Newfoundland. The property covers an area of 2,950 hectares. The property contains tungsten bearing quartz-mica-feldspar pegmatitic veins and tungsten bearing calc-silicate layers. The tungsten mineralization occurs as scheelite.

Tungsten bearing veins occur in the northern region of the property including at a quarry called the South Quarry and an adjacent smaller quarry and in multiple areas north-northeast of these quarries including a new discovery during 2019. Great Atlantic confirmed high-grade tungsten mineralization in veins in rubble and bedrock at the two quarries during 2015. Eleven rubble grab samples exceeded 5% WO3 (3 of which exceeded 10% WO3). A 20 cm long channel sample along a 15 cm wide vein in the small quarry returned 2.96% WO3 while a grab sample from a 0.25-meter wide vein in the South Quarry returned 11.94% WO3. A Qualified Person supervised the 2015 sampling and verified the sample data. The samples (and lab-inserted blank, standard and duplicate samples) were analyzed by ALS Canada Ltd. in North Vancouver, BC (ALS Canada Ltd. is independent of Great Atlantic Resources). Tungsten analysis was by lithium borate fusion and ICP-MS finish with some samples re-analyzed by XRF. Host rocks are meta-sediments. Multi-element analysis of 2015 rock samples (at ALS Canada in North Vancouver by Aqua Regia - ICP-AES / ICP-MS) revealed some samples anomalous for lithium (up to 297 ppm Li).

A new discovery of tungsten bearing veins was made during the 2019 exploration program northeast of the South Quarry. The quartz-dominant veins were located a historic trench / stripped area. The program and sampling were supervised by a Qualified Person. Multiple samples returned anomalous values for tungsten. The highlight was a sample returning 1.10% WO3. The samples (and lab-inserted blank, standard and duplicate samples) were analyzed by ALS Canada Ltd. in North Vancouver by lithium borate fusion and ICP-MS finish. A Qualified Person supervised the 2019 sampling and verified the sample data.

Tungsten mineralization is reported in the southern region of the property, reported in narrow (<1m) calc-silicate layers (source: Newfoundland and Labrador Dept. of Natural Resources Mineral Assessment Reports). A qualified person has not verified this mineralization.

Granite intrusions are reported peripheral to the property. Great Atlantic management speculate tungsten mineralization on the property to be related to buried granitic intrusions.

MANAGEMENT & DIRECTORS

Christopher R. Anderson - President, CEO, & Director

Mr Anderson brings over 30 years of entrepreneurial experience with an astute emphasis on strategic planning, communications and creative marketing. He has been instrumental in facilitating tens of millions of dollars of financing for both public and private enterprises. With a specific focus on mining over the last decade, Mr Anderson successfully navigated the waters of one of the toughest bear markets in mining history.


Scott Kent - CFO & Director

Mr. Beaton has been actively involved in mining operations for over 40 years. Since becoming a member of the Association of Professional Engineers and Geoscientists of British Columbia in 1974, he has over 30 years of experience as mine manager for mining and development operations throughout Africa and across Canada. Mr. Beaton was the mine manager for Erikson gold mine from 1979 to 1986, which, at its peak, was the No. 1 gold producer in B.C. Mr. Beaton was also the mine manager for Huldra Silver Inc., which was producing ore from the Treasure Mountain mine in B.C. He has been president of A.J. Beaton Mining Ltd. since 1987. Throughout his career, he has been involved in over 50 mining and civil jobs in B.C. and has thus gained a strong perspective on mining techniques over a wide diversity of mining projects.


Barry Brown (B.Comm)

Since 1978, Mr. Brown has been president of Barry Developments Ltd., a wholly owned private company involved in the organization, reorganization, and management of private and public companies. Mr. Brown has over 35 years of experience as a director and/or officer of a number of public companies. Mr. Brown received a bachelor of commerce in finance from the University of British Columbia in 1976.


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