The Prospector News

Great Atlantic Begins Diamond Drill Program on its Silver Mine in New Brunswick

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Great Atlantic Begins Diamond Drill Program on its Silver Mine in New Brunswick

 

 

 

 

 

Previously 1,158 g/t Silver, 9.19% Copper, 2.16% Lead and 9.04% Zinc, over 3.00 meters

 

 

100% Owned Keymet Precious & Base Metal Property, New Brunswick

 

 

GREAT ATLANTIC ESOURCES CORP. (TSXV.GR) (FRA:PH01) is pleased to announce it has begun an additional diamond drilling program by the Company, at the Keymet Silver Mine located in Northern New Brunswick.

 

 

 “Great Atlantic retains a portfolio of 100% owned projects and currently has two of these projects under option. In addition to our option partners, Great Atlantic will also be conducting drilling and exploration programs on some of these assets, while looking further at alternative avenues to unlock their value. 

 

Our main focus, which we are currently drilling, is on our high-grade Gold Resource in central Newfoundland, The Golden Promise Gold property, where we have a high-grade resource and multiple new gold discoveries awaiting their turn for a drill bit. This project is situated in the hottest emerging Gold Belt’s in North America” states Chris Anderson CEO

 

The Keymet exploration program will test numerous target areas in the northwest region of the property. The Company previously discovered high grade gold, silver, copper and zinc in this region, including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.

 

 

 Great Atlantic has recently received a permit for 10 drill holes in the Northwest region of the property. Certain holes will target three polymetallic (zinc, copper, lead and silver) vein type occurrences. Other holes will target untested electromagnetic anomalies. One short hole is planned under a gold-bearing outcrop. A 2015 grab sample from this outcrop returned 1.14 grams / tonne (g/t) gold.

 

 

The first hole of the program will test the possible extension of the Elmtree Silver Mine vein occurrence southeast of the historic shaft. High grade silver and lead is reported at this occurrence by the New Brunswick Department of Energy and Resource Development.

 

Drilling is underway at the Elmtree 12 vein system including one hole testing the system deeper. Great Atlantic discovered high grade zinc, copper and silver mineralization at this vein system during 2015 – 2018 drilling programs including:

 

  • Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.
  • Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.
  • Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.
  • Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.
  • Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.
  • Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.
  • Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.

 

Vein hosting high grade zinc, copper and silver in Ky-18-14

 

Drilling is planned to further test a polymetallic vein discovered by the Company southwest of the Elmtree 12 vein system. Drill hole Ky-17-8 intersected this vein, returning 18.8% zinc, 3.55% copper, 1.16% lead and 576 g/t silver over 1.27 meters core length.

 

 

Historic Keymet Silver Mine (1950s)- burnt down and was never recapitalized

Located 8KM away from the previous operating

 Nigadoo Mine that operated for over twenty years

 

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

 

Access to the Keymet Property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares and is 100% owned by the Company.

 

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, Tungsten and Gold.

 

 

 

Posted August 10, 2021

Share this news article

MORE or "UNCATEGORIZED"


Fireweed Intersects Three Distinct High-Grade Zinc Zones Including 23.77% Zinc, 3.44% Lead, and 75.7 g/t Silver Over 10.42 m in New Zone at Boundary West

FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce the result... READ MORE

September 16, 2021

Three more holes intersect mineralized porphyry at Brama target, Bramaderos Project, Ecuador, paving way for maiden Mineral Resource Estimate in early 2022

Assays include 69.6m at 0.65g/t gold and 0.2% copper  ... READ MORE

September 16, 2021

Labrador Gold Intersects 128.51 g/t Gold Over 1.12 Metres at Big Vein, Kingsway Project

Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR:... READ MORE

September 16, 2021

Pan Global Continues to Expand the near Surface Copper-Tin Discovery at the Escacena Project, Southern Spain

Highlights include: 6.5m at 2.52% CuEq (2.27% Cu, 8.1g/t Ag) from... READ MORE

September 16, 2021

Drilling at Galloway Continues to Provide Good Mineralized Intersections

Fokus Mining Corporation (TSX-V: FKM) (OTCQB: FKMCF) (FSE: F7E1) ... READ MORE

September 16, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News