Great Atlantic Resources Corp. (TSX-V.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, Antimony, Tungsten and Gold

Projects

Newfoundland

The Golden Promise 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). Diamond drilling during late 2019 tested a section of the JMZ (assays pending). Multiple 2017 Great Atlantic quartz samples from different regions of the Golden Promise Property exceeded 1 oz./ ton gold.

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). 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 and Labrador Department of Natural Resources 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.

Great Atlantic confirmed high-grade gold in quartz boulders and a quartz vein in bedrock in 2017. Multiple quartz boulder samples in the northern region exceeded 100 g/t Au, including 200 g/t Au at the Branden Zone and 163.9, 208.5 and 332.6 g/t Au at the Jaclyn North Zone. A 0.32m chip sample across the Shawn’s Shot vein returned 48.2 g/t Au. The 2017 sampling was verified by a qualified person, who managed the program and verified sample data. The 2017 samples (and standard, blank, and duplicate samples) were assayed for gold at ALS Canada in Vancouver, British Columbia (fire assay – AA, screen metallic procedure also for some samples) and at Eastern Analytical in Springdale, Newfoundland (fire assay – AA or total pulp metallic fire assay). ALS Canada and Eastern Analytical are independent of Great Atlantic.

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the Jaclyn Main Zone (JMZ) during late 2018 (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher (M.Sc. App., P.Geo.) and Mr. Larry Pilgrim (B.Sc., P.Geo.). The report stated a total inferred mineral resource of 357,000 tonnes at 10.4 g/t gold (uncapped) at a 1.1 g/t gold cutoff for the JMZ (119,900 oz. gold (uncapped). The Technical Report also summarizes historical work within the Golden Promise Property.

As reported in the December 4, 2018 National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm³ was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID²) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US $2.50/ tonne and processing costs of US $25.00/ tonne were used together with a gold price of US$1,300/ounce.  A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution.  Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

The gold bearing veins at the Golden Promise Property are meta-sediment hosted and have been compared to other turbidite-hosted (or slate-belt) gold deposits t

hroughout the world (Pilgrim and Giroux, 2008)

The Golden Promise Property is subject to two separate option agreements.

The Southwest Golden Promise Property

Great Atlantic Resources Corp. acquired the Southwest Golden Promise Gold Property through staking in early 2019. The property is located within the central Newfoundland gold belt, within the Dunnage Zone and Exploits Sub-Zone. The property, covering an area of 1000 hectares, is centered approximately 4 kilometers west of the southern-most region of the Company’s Golden Promise Property. The Southwest Golden Promise Gold Property covers an area of reported historic gold soil anomalies (up to 7.6 g/t Au) and reported historic gold-bearing quartz float samples (up to 6.7 g/t Au). Note that these historic sampling records have been examined but not verified by a Qualified Person. Further work is required to verify that historical records for the property are accurate.

Key Facts

·       Reported historic (2008) approximately 260-meter long northeast-southwest gold soil anomaly trend including one reported sample of 7,667 ppb Au (7.6 g/t Au).

·       Reported historic (2009) gold-bearing quartz float samples returning 6.78 & 2.44 g/t Au within anomalous soil trend.

·       Reported visible gold in historic panned soil samples.

·       Within the Exploits Sub-Zone of the Duunage Zone adjacent to and along the southeast margin of the Red Indian Line, a major (Appalachian-scale) collisional boundary, and suture zone.

The Pilley’s Island Property

The Pilley’s Island property consists of 10 adjoining licences covering a total area of 4,600 hectares. The property covers over 95% Pilley’s Island. Access to the property is excellent with paved roads transecting the property.

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 million tonnes grading 1.23% Cu (referencing Grimley, 1968 as the source) or 627,373 tons at 2.34% Cu (referencing Walker, 1976 as the source) in their Mineral Occurrence Database. A qualified person has not done sufficient work to classify the historical estimates as current resources or current reserves.

Great Atlantic’s focus has been the precious metal – base metal Bull Road showing, located in the south region of the property. Diamond drilling is planned in 2018 at this showing. A trench excavated in 2017 at this showing exposed sulfide mineralization over a northwest-southeast length of 130m with a width varying between 1-7m. The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide clasts up to greater than a metre in length. The best channel sample from the trench was 15.4% Zn, 6.6% Pb, 4.66% Cu, 111.5 g/t Ag and 1.0 g/t Au over a 1.05m length. The channels samples were collected across selected clasts at generally right angles to the long dimension of the clasts. Bedrock grab samples from the trench returned up to 40.8% Zn, 20.0% Pb, 8.38% Cu, 148.1 g/t Ag and 2.2 g/t Au. Qualified persons verified this trench data. Qualified persons supervised sampling and verified sample data. The samples (and lab-inserted blank, standard and duplicate samples) were analyzed at Eastern Analytical (independent of Great Atlantic) in Springdale Newfoundland (gold by Fire Assay – atomic absorption (AA); and copper, lead, zinc and silver by multi-acid digestion and AA and / or ICP-OES).

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 1,925 hectares. The property contains tungsten bearing quartz-mica-feldspar pegmatitic veins and tungsten bearing calc-silicate layers. The tungsten mineralization occurs as scheelite.

New Brunswick

The Kagoot Brook Property

The Kagoot Brook Property is located in north-central New Brunswick along the southwest margin of the famous Bathurst Mining Camp.

The approximate 4,230 hectare property covers reported historic cobalt geochemical anomalies, some reported as highly anomalous.

The property is located approximately 85 km southwest of Bathurst along the southwest margin of the famous Bathurst Mining Camp.

The property has been optioned to Explorex Resources Inc.

Cobalt stream and spring sediment anomalies were reported within the property by the New Brunswick Dept. of Natural Resources in the early 1980s with four samples from two streams reported to return highly anomalous values of 1259, 1261, 1297 and 1316 ppm Co. Anomalous stream silt and soil samples were reported by Brunswick Mining and Smelting in the mid-1980s in the same area (source: N.B. Dept. of Energy and Resource Development assessment report files). These included multiple stream silt samples reported to exceed 1,000 ppm Co (up to 6,000 ppm Co or 0.6% Co); reported anomalous copper, lead, zinc, silver and nickel stream silt samples; and anomalous cobalt (reported up to 880 ppm Co) and copper soil samples. The source of these geochemical anomalies has not been identified.

A qualified person has not verified the historic geochemical data for the Kagoot Brook Property due to winter conditions at the time of property acquisition.

The Keymet 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

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.

The Mascarene Poperty

The property covers an area of approximately 2,080 hectares in southwest New Brunswick. The Mascarene Property is reported to contain multiple copper +/- nickel, cobalt, gold occurrences with historic pits / shafts dating back to the 1800s (N.B. Dept. of Energy and Resource Development Assessment Reports and Mineral Occurrence Database files). Sulfide bearing veins are reported at some of these sites.  Mafic intrusive (gabbro) is reported at some sites. Magnetic geophysics anomalies occur within the property, some over 5km long. Great Atlantic is targeting these anomalies as potential sources of mafic intrusive hosted copper-cobalt-nickel mineralization.

Historic 2004, 2011 and 2012 grab samples from the property are reported to contain significant levels of copper, cobalt, nickel and / or gold (source: N.B. Dept. of Energy and Resource Development Assessment Reports). These include samples from the mine dump adjacent to the historic Oliver Cameron shaft, of which at least 13 samples are reported to exceed 1% Cu (up to 7.73% Cu reported) while also reported to return up to 0.52% Co, 0.38% Ni and 4.67 g/t Au.

The Oliver Cameron workings are located in the eastern region of the property. Two historic rubble samples reported at the near-by historic Oliver shaft were reported to return 15.6% Cu and 0.993 g/t Au; and 17.5% Cu and 21.8 g/t Au. Historic grab samples from a pit in this east region were reported to return up to 0.45% Cu, 0.31% Co and 0.30% Ni.

The McDougall Road Property

McDougall Road is an antimony – gold property, located in western New Brunswick. It is an early – stage property covering an area of approximately 330 hectares. A narrow 12 centimeter wide vein was reported during the 1990s, a sample of which was reported to return 11.6% Sb (source: Freewest Resources Canada Inc. 1998 Assessment Report on file with the N.B Dept. of Energy and Resource Development). A qualified Person has not verified the reported vein / data. Great Atlantic has not been able to locate the reported vein.

During 2015 – 2016 Great Atlantic identified local antimony soil geochemical anomalies in the general area of the reported vein with 10% of the analyzed samples exceeding 5 ppm Sb and a few gold soil anomalies (soil samples (-180 micron fractions) and lab inserted blank, standard and duplicate samples being analyzed for antimony by four acid – ICP-MS and for gold by Fire Assay – AA by ALS Canada in North Vancouver, BC; ALS Minerals is independent of Great Atlantic Resources). A qualified person has verified this soil geochemical data through management of the sampling program, verification of sample data including coordinates and certificate of analysis. There is no documented diamond drilling in the property. The northeast trending Catamaran – Woodstock Fault transects the property. The Golden Ridge* gold deposit occurs approximately 13 km southwest of the McDougall Road Property, also along the trend of the Catamaran – Woodstock Fault.

Porcupine

Porcupine is a precious metal – base metal – rare earth elements property (REE), located in central New Brunswick. It was recently expanded and currently covers an area of approximately 2,830 hectares.

The primary area of focus is the central region where Great Atlantic discovered base metal and silver mineralization in float and bedrock. This work was somewhat guided by historic reports dating back to the 1950s. A 2012 Great Atlantic trench in this central region exposed a mineralized zone reported to be shear related with the best channel sample being 5.48% Zn, 1.08% Pb and 0.36% Cu over 1 metre channel length. A qualified person has not verified this data as the sample location is no longer evident in the trench. A Qualified Person has verified lead, zinc and copper sulfide mineralization in stringers / veins in altered and sheared volcanic rocks within the approximately 25m long east-west trench. Mineralized boulders in another trench in this area were sampled in 2012. One such boulder returned 20.7% Pb, 6.89% Zn, 2.04% Cu and 122 g/t Ag. A qualified person has not verified these boulders / data as the trench has been subsequently reclaimed. A qualified person verified mineralized boulders in this area in 2011. The 2012 trench samples and lab inserted blank, duplicate and standard samples were analyzed by Activation Laboratories Ltd. (Ancaster, Ontario) by INAA and Four Acid ICP-OES (Activation Laboratories is independent of Great Atlantic). Drilling is planned for 2018 in the central region of the property in the area of the 2012 trenches.

Great Atlantic identified base metal soil geochemical anomalies in the central region (including area of 2012 trenches) and REE soil geochemical anomalies in the central and southern regions during 2011 (-80 mesh sample portions and lab inserted blank, standard and duplicate samples analyzed by Activation Laboratories in Ancaster, Ontario by four acid ICP-MS and ICP- OES). Great Atlantic also conducted IP geophysics in these areas, identifying anomalies. The soil geochemical anomalies have not been verified by a qualified person.

There has been limited diamond drilling on the property (10 holes total). Great Atlantic management believe there is potential for both volcanogenic massive sulfide (VMS) and shear hosted deposits. It has yet to be determined if the volcanic rocks correlate with Bathurst camp rocks.

The property has recently been optioned to Fort St. James Nickel Corp.

The Gleneig Vanadium Property

The Glenelg Vanadium Property is located within southwest New Brunswick. It was acquired during 2019 through an option agreement. A bedrock grab sample collected by Great Atlantic Resources Corp. during 2018 from the layered Bobabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5), 10.3% TiO2 and 25.71% iron. This sample was collected by a Qualified Person in the southern region of the property, being subsequently analyzed by ALS Canada Ltd. by XRF Fusion. The northern boundary of the Glenelg Property borders the Clarence Stream Gold Project of Galway Metals Inc. (TSXV.GWM).

The Glenelg property has seen little exploration. Company management cannot find evidence of historical drilling within the property. The property is reported to be underlain by the Silurian Bocabec Gabbro Complex (gabbro, minor granodiorite, diorite and granite).

Historic bedrock grab samples are reported to return significant levels for gold, cobalt and bismuth. A grab sample collected during 2006 was reported to return 2.6 grams per tonne (g/t) gold and 0.65% cobalt. Another grab sample was reported to return greater than 1% copper and 0.15% cobalt.  A 2013 grab sample from a sulfide vein was reported to return 14 g/t gold, 1.28% bismuth and 0.12% cobalt. Another 2013 grab sample from the Bocabec Gabbro Occurrence was reported to return 0.237% vanadium (0.42% V2O5), 16.5% titanium (27.5% TiO2) and greater than 30% iron. Readers are warned that this historic data has not been verified by a qualified person.

Management & Directors

Our People Are Our Greatest Asset.

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.

Al Beaton (P.Eng) – 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.

Scott Kent – CFO & Director

Mr. Kent brings over 20 years of sales and marketing experience to the team. For many years, Mr. Kent has provided public relations counsel to various sectors, including mining and manufacturing. He currently holds directorships with several public companies and provides finance and management consulting for both listed and private issuers.

Barry Brown (B.Comm) – Legal Secretary

 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.

Technical Team

Dave Martin – Senior Geologist

Professional Geologist with approximately 20+ years’ experience in the mineral exploration industry. Graduated from the University of New Brunswick in 1984 with a Bachelor of Science Degree (Geology major) and from the New Brunswick Community College in 1994 with a Business Technology Diploma. Employed as a Geologist during numerous mineral exploration projects involving a variety of commodities including gold, silver, tin, tungsten, molybdenum, indium, copper, lead, zinc and antimony. Held senior managerial roles since 2005 including Regional Manager and VP New Brunswick Operations with Geodex Minerals Ltd. The majority of the exploration projects were in New Brunswick, Canada. Also involved in exploration projects and / or project generation in Nova Scotia; Newfoundland and Labrador; British Columbia; Spain; France and Ukraine. Played a key role during numerous mineral discoveries, the most significant being at the Sisson Tungsten – Molybdenum Project and the Mount Pleasant Tin – Indium Project, both in New Brunswick.

Wilson Jacobs – Consultant

Wilson is a graduate of Memorial University in Newfoundland, Canada, where he obtained a B.Sc (Geology) degree, in 1980 (and Hons B.Sc in 1984). He has worked 32 years as a mineral exploration geologist and a couple of years as a petroleum wellsite geologist. As an exploration geologist, he has undertaken numerous gold, base metal (VMS), and uranium projects on behalf of many junior mining/exploration companies, mainly within Newfoundland and Labrador. He has worked with intrusive and/or porphyry-related projects, including nickel exploration projects in Labrador and porphyry copper in both Newfoundland and northwestern Mexico. He has conducted exploration programs (including management of many helicopter-supported field camp crews) in diverse geological settings in which he has gained considerable experience in geological mapping, diamond drilling, core logging, rock and geochemical sampling, map and report preparation (incl. map compilations), and interpreting of geophysical surveys. He is a co-discoverer of the presently-producing Pine Cove gold deposit (Baie Verte Peninsula area) in NL, with several other (undeveloped) gold occurrence discoveries to his credit.

Share Structure

Shares Outstanding                      14,262,750

Total Warrants                              9,846,922 @$1.00

Total Options                                 969,000 @ $.71

Fully Diluted                                   25,079,672

Market Capitalization                   $7,845,062

As of October 2020

Contact

Office

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

Investor Relations

Kaye Wynn Consulting
kayewynn@shaw.ca
ir@greatatlanticresources.com
+1 (888) 280-8128
(604) 558-2630