InvestmentPitch Media Video Discusses Great Atlantic's Phase I Diamond Drill Program on Glenelg Vanadium Property in New Brunswick - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2019) - Great Atlantic Resources (TSXV: GR) (FSE: PH02) has commenced the Phase I diamond drilling program on its Glenelg Vanadium Property. The property is located within southwest New Brunswick approximately 20 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the company's Mascarene Property which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and/or silver.
For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.
The drill program, which is partially funded through the New Brunswick Junior Mining Assistance Program, is being conducted in the southeast region of the property within the Bocabec Gabbro Complex.
It will test areas of vanadium and titanium bearing outcrops and magnetic geophysical anomalies where company and reported historic bedrock grab samples returned significant levels of vanadium and titanium.
Great Atlantic acquired the Glenelg Property earlier this year and through claim staking recently expanded the property threefold to the current 3,500 hectares. The newly staked property to the west-northwest covers additional ground reported to be underlain by the Silurian Bocabec Gabbro Complex (intrusive complex including gabbro, granodiorite, diorite and granite), areas of reported magnetic anomalies and three gold occurrences as reported within the New Brunswick Department of Energy and Resource Development Mineral Occurrence files. Such magnetic anomalies are interpreted by management to be targets for vanadium and titanium bearing magnetite-rich layers within the Complex.
A reported 1990 bedrock grab sample of quartz-sulfide breccia from one of the gold occurrences was reported to return 1.33 gpt gold. Polymetallic veins are reported within the Glenelg Property, with a grab sample collected during 2006 reported to return 2.6 grams per tonne gold and 0.65% cobalt. A 2013 grab sample from a sulfide vein was reported to return 14 gpt gold, 1.28% bismuth and 0.12% cobalt. These two samples, reported within the company's original mineral claims in the southeast region of the property, have not been verified by a Qualified Person.
A 2018 grab sample collected by the company in the area of the current Phase I drill program from a magnetic layer in the Bocabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5), 10.3% titanium oxide and 25.71% iron. Another 2018 bedrock grab sample, collected by one of the company's option partners, from the same southeast region of the property was reported to return 0.234% vanadium (0.42% V2O5), 7.34% titanium (12.2%TiO2) and 28.8% iron. A previous sample from this region in 2013 was reported to return 16.5% titanium (27.5% TiO2).
The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc. (TSXV:GWM), with a portion of the northern boundary bordering Galway's Clarence Stream Gold Project. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 gpt gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 gpt gold (277,000 ounces of gold). Earlier this year, Galway reported a new gold discovery at the Clarence Stream Gold Project with one hole reported to intersect 7.3 gpt gold over a 36.7 meter core length.
Readers are cautioned that mineralization at the Clarence Stream Gold Project and at Great Atlantic's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property.
Great Atlantic, with a number of projects through-out the Atlantic Provinces, is 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.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
Barry Morgan, CFO
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49912