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Great Atlantic Reports Grab Samples of 40.8% Zinc, 8.3% Copper, 148 gpt Silver and 2.2 gpt Gold at Pilley's Island, Newfoundland - Video Available on InvestmentPitch.com
December 15, 2017 12:02 PM EST | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2017) - Great Atlantic Resources (TSXV: GR) (FSE: PH01) has released analytical results from a second batch of rock samples collected during a recent trench program at its Pilley's Island Property. Pilley's Island Base Metal — Precious Metal Property, located in north-central Newfoundland, consists of 7 adjoining licenses covering a total area of 875 hectares, with excellent paved roads transecting the property.
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This second batch of samples from the recently excavated Bull Road Trench consisted of eight channel samples and seven grab samples.
Results for channel samples collected in the southeastern region of the trench, within an approximate 22 metre section, included 15.4% zinc, 6.6% lead, 4.66% copper, 111.5 grams per tonne silver and 1.008 grams per tonne gold over 1.05 metres from sample #2. Channel sample #3 returned 17.3% zinc, 0.1% lead, 2.97% copper, 31.2 grams per tonne silver and 0.449 grams per tonne gold over 0.7 metres. The limited grab sampling extended into the northwest region of the trench, where samples of trench bedrock returned up to 40.8% zinc, 5.5% lead, 8.38% copper, 148.1 grams per tonne silver and 2.275 grams per tonne gold, within an approximate 100 metre long section.
| Channel and Grab Samples from Bull Road Trench | |||||||||
| Sample # | Channel/ Grab | Length (metres) | Orientation (degrees) | Trench Location | Gold (gpt) | Copper % | Lead % | Zinc % | Silver (gpt) |
| 1256001 | Channel | 0.95 | 045 | 23m SE | 0.613 | 2.83 | 0.73 | 3.95 | 62.2 |
| 1256002 | Channel | 1.05 | 035 | 25.5m SE | 1.008 | 4.66 | 6.60 | 15.40 | 111.5 |
| 1256003 | Channel | 0.70 | 010 | 15m SE | 0.449 | 2.97 | 0.10 | 17.30 | 31.2 |
| 1256004 | Channel | 1.00 | 045 | 13.2m SE | 0.274 | 2.37 | 0.10 | 0.61 | 19.3 |
| 1256005 | Channel | 1.00 | 045 | 13.2m SE | 0.563 | 3.27 | 0.03 | 2.96 | 30.4 |
| 1256006 | Channel | 0.70 | 060 | 7.7m SE | 0.404 | 2.49 | 0.04 | 1.85 | 24.2 |
| 1256007 | Channel | 1.00 | 050 | 3m SE | 0.244 | 0.81 | 0.14 | 0.38 | 21.9 |
| 1256008 | Channel | 1.00 | 050 | 3m SE | 0.360 | 1.25 | 0.09 | 0.49 | 15.8 |
| 1256009 | Rubble Grab | 92m NW | 0.374 | 4.88 | 0.02 | 1.32 | 15.1 | ||
| 1256010 | O/C Grab | 70m NW | 0.436 | 5.38 | 0.06 | 1.07 | 33.9 | ||
| 1256011 | O/C Grab | 70m NW | 1.409 | 6.00 | 4.49 | 40.30 | 22.2 | ||
| 1256011 | O/C Grab | 70m NW | 1.366 | 6.08 | 4.69 | 40.80 | 22.5 | ||
| 1256012 | O/C Grab | 6m NW | 1.421 | 8.38 | 1.30 | 32.60 | 148.1 | ||
| 1256013 | O/C Grab | 5m NW | 2.275 | 5.06 | 0.01 | 0.49 | 38.0 | ||
| 1256014 | O/C Grab | 2.5m SE | 0.325 | 4.22 | 5.50 | 36.40 | 59.9 | ||
| 1256015 | O/C Grab | 17m SE | 0.395 | 4.67 | 1.81 | 14.90 | 30.9 | ||
Initial rock grab samples released on November 16th, included two samples of massive sulfide clasts, with one returning 27.5% zinc, 20.0% lead, 5.78% copper and 63.4 gpt silver; with the second returning 16.4% zinc, 6.5% lead, 2.02% copper and 41.7 gpt silver, while a sample of another sulfide clast returned 8.36% copper.
| Rock Grab Samples from Selected Styles of Mineralization (NR - November 16th) | ||||||
| Sample # | Copper % | Lead % | Zinc % | Silver gpt | Antimony % | |
| 254513 | 8.36 | 0.01 | 0.14 | 15.5 | --- | High copper massive sulphide clast |
| 254514 | 5.78 | 20.00 | 27.50 | 63.4 | 0.30 | Zinc-lead rich massive sulphide clast |
| 254515 | 0.48 | 0.01 | 0.05 | 4.7 | --- | Massive Py-Quartz clast |
| 254516 | 0.51 | 0.55 | 1.15 | 6.5 | --- | Matrix mineralization |
| 254517 | 2.02 | 6.50 | 16.40 | 41.7 | --- | Massive sulphide clast |
The property hosts an historic copper mine with several zinc, lead, copper, gold and silver occurrences, and reported historic estimated reserves of 1,159,000 tonnes grading 1.23% copper, or 627,373 tons at 2.34% copper and 0.01 ounce per ton gold.
Reported historic trench samples at Bull Road showing included 12.42% zinc, 3.87% copper, 0.95% lead, and 0.71 ounces per ton silver over 4.6 metres.
One historic drill hole at this showing reportedly intersected 22.2% zinc and 4.4% lead, 0.1% copper, and 0.96 ounces per ton silver over 0.65 metres of core, within an intersection of 7.85 metres grading 3.41% zinc, 0.51% lead, 0.66% copper, 0.34 ounces per ton silver.
| Historic Trench Samples and Drill Intercepts | |||||
| Zinc % | Lead % | Copper % | Silver (opt) | ||
| Trench Sample | 12.42 | 0.95 | 3.87 | 0.71 | 4.6 metres |
| Historic Drill Hole | 3.41 | 0.51 | 0.66 | 0.34 | 7.85 metres |
| including | 22.2 | 4.4 | 0.1 | 0.96 | 0.65 metres |
For more information, please visit the company's website www.greatatlanticresources.com. Investor Relations is handled by Kaye Wynn Consulting Inc. They can be reached at either 604-558-2630 or 888-280-8128, or email info@kayewynn.com
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