GREAT ATLANTIC RESOURCES CORP. The first hole intersected volcanic-hosted zinc mineralization (sphalerite) within an approximately 5-meter core length interval.
The program is being conducted in the east region of the property testing within a broad magnetic high trend (identified during a 2001 government airborne magnetic survey) and an area of anomalous rock samples. This zone of magnetic high anomalies extends through the entire Mascarene Property, including the east region where drilling is underway. Rock samples collected by Great Atlantic during 2020 in this area returned highly anomalous zinc values and anomalous copper and gold values.
The first hole (MA21-1) was drilled under gabbro dyke outcrops and local highly altered outcrops with anomalous gold and elevated copper, cobalt and / or nickel based on 2020 sampling. Three subcrop and outcrop grab samples collected during 2020 within 80 meters of this drill hole returned highly anomalous values for zinc (3810, 5800 and 7810 ppm zinc). The hole was drilled at a 45-degree dip to the northwest approximately perpendicular to the magnetic high trend for a length of 149.5 meters. Zinc mineralization (sphalerite) was intersected at approximately 131.8-137 meters, hosted in volcanic rocks. The sphalerite is concentrated along narrow layers / bands subparallel to foliation and as veinlets. This may represent a new zinc discovery or the extension of a reported zone with highly anomalous zinc intersected during 2007 drilling by
The second hole completed (MA21-3) was collared approximately 210 meters south of MA21-1. MA21-3 was drilled within the magnetic high trend approximately under a felsic volcanic outcrop hosting copper mineralization. Samples collected during 2020 from this outcrop returned anomalous copper values of 583, 806 and 1100 ppm copper. MA21-3 was drilled at a 45-degree dip slightly northeast to a length of 98 meters. This hole did not intersect significant sulfide mineralization. Drill core from holes MA21-1 and MA21-3 is being geologically logged and sampled. Samples will be submitted to a certified laboratory for gold assay and multi-element analysis.
MA21-2 is currently underway approximately 70 meters west of the MA21-1, testing under the 2007
Gold, silver, copper, nickel, cobalt and / or zinc mineralization is reported locally within and / or adjacent to the magnetic high trend which transects the property. This includes two mineral occurrences with historic workings (
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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.
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