1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. Great Atlantic Resources Corp.
  6. News
  7. Summary
    GR   CA3900873025

GREAT ATLANTIC RESOURCES CORP.

(GR)
Delayed Bourse de Toronto  -  02:51 2022-06-29 pm EDT
0.0950 CAD   -5.00%
06/28Great Atlantic Resources Corp. Reports Earnings Results for the Full Year Ended February 28, 2022
CI
06/28Great Atlantic Increases Financing to $816,500 and Submits for Closing
AQ
06/27Great Atlantic Resources Boosts Private Placement of Share Units to C$816,500
MT
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Great Atlantic Begins 2022 Prospecting, Rock Geochemical Sampling at its Gold, Copper, Nickel, Cobalt, Zinc Mascarene Property, Southern New Brunswick

04/05/2022 | 11:03am EDT

VANCOUVER - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the 'Company' or 'Great Atlantic') is pleased to announce it has begun a prospecting and rock geochemical sampling program at its Mascarene Property, located in southern New Brunswick.

Rock sampling is currently being conducted in the area of the Wheal Louisiana copper - nickel - cobalt occurrence. Previous Great Atlantic rock sampling in this area also confirmed gold mineralization.

Two shafts were sunk at the Wheal Louisiana occurrence in the 1850s. Other historic pits exist in this area. Limited sampling by Great Atlantic during 2020 confirmed copper and gold mineralization in rubble adjacent to a shaft and a near-by pit in this target area. A rubble sample of mafic rock returned 6.19% copper, 0.404 grams/tonne (g/t) gold and an anomalous value of 107 ppm cobalt. Two quartz vein rubble samples returned anomalous values for copper (up to 0.86% Cu) and gold (up to 0.19 g/t gold).

A small inactive quarry also exists in the area of the Wheal Louisiana occurrence with sulfide (including chalcopyrite) bearing quartz veins in bedrock and quartz vein rubble. Great Atlantic is conducting additional rock sampling in this area. Prospecting and rock geochemical sampling are also planned during 2022 at other target areas within the Mascarene Property including areas where the Company has confirmed gold, copper and zinc mineralization in rubble adjacent to historic workings.

Quarry rubble with copper sulfide (chalcopyrite) in quartz veins

Great Atlantic recently completed a five-hole diamond drilling program in the area of the Wheal Louisiana occurrence with chalcopyrite bearing veins being intersected (Company news release of March 16, 2022). The drill core from that program is currently being logged and sampled.

A broad northeast trending zone of magnetic high anomalies (identified during a 2001 government airborne magnetic survey) transects the entire Mascarene Property. Great Atlantic's management speculate this magnetic high trend to be associated with a buried mafic intrusion(s) and a possible target for mafic intrusive hosted copper-nickel-cobalt deposits. The current prospecting and rock sampling is and will be conducted within and adjacent to this magnetic high trend.

Contact:

Mr. Christopher R. Anderson

Tel: 604-488-3900

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, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about GREAT ATLANTIC RESOURCES CORP.
06/28Great Atlantic Resources Corp. Reports Earnings Results for the Full Year Ended Februar..
CI
06/28Great Atlantic Increases Financing to $816,500 and Submits for Closing
AQ
06/27Great Atlantic Resources Boosts Private Placement of Share Units to C$816,500
MT
06/16GREAT ATLANTIC RESOURCES : Announces Financing
PU
06/16Great Atlantic Resources Raising C$0.5 Million in a Private Placement of Share Units
MT
06/16Great Atlantic Resources Corp. announced that it expects to receive CAD 0.5 million in ..
CI
06/08Great Atlantic Prospecting and Rock Sampling Program Underway, 100% Owned Golden Promis..
AQ
06/07Great Atlantic Resources Corp. Announces It Has Begun the 2022 Prospecting and Rock Geo..
CI
06/01Great Atlantic Maiden Drilling Program at Otter Brook Gold Showing Intersects 4.95 GT G..
AQ
06/01Great Atlantic Resources Releases Gold Assays for Drill Core Samples from Its Fall 2021..
CI
More news
Financials
Sales 2021 - - -
Net income 2021 -2,26 M -1,76 M -1,76 M
Net cash 2021 1,24 M 0,96 M 0,96 M
P/E ratio 2021 -2,68x
Yield 2021 -
Capitalization 2,68 M 2,08 M 2,08 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 67,4%
Chart GREAT ATLANTIC RESOURCES CORP.
Duration : Period :
Great Atlantic Resources Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Christopher Ross Anderson President, Chief Executive Officer & Director
Scott Kent Chief Financial Officer & Director
Allan J. Beaton Independent Director
Barry Brown Secretary
Dave Martin Senior Geologist
Sector and Competitors
1st jan.Capi. (M$)
GREAT ATLANTIC RESOURCES CORP.-62.00%2
BHP GROUP LIMITED3.57%150 445
RIO TINTO PLC4.15%105 784
GLENCORE PLC22.83%73 026
ANGLO AMERICAN PLC2.85%46 712
GRUPO MÉXICO, S.A.B. DE C.V.-3.30%34 264