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Great Atlantic Resources (TSXV: GR) released analytical results from rock samples collected at Pilley’s Island Property

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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.

Additional Information:

Company: Great Atlantic Resources
Website: http://www.greatatlanticresources.com
Stock Symbol: TSXV: GR
Date Published: Nov 16, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Great Atlantic Resources together with its option partner Unity Resources, has released analytical results from rock samples collected during a recent trenching program, in preparation for a planned diamond drilling program at its Pilley’s Island Property in late November.

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.

Rock grab samples collected from the trenches returned up to 20.0% lead, 27.5% zinc, 8.36% copper and 63.4 grams per tonne silver.

The recent trenching program included re-opening and re-evaluating the historic Bull Road Showing.

The property is a volcanogenic massive sulphide deposit analogous to Kuroko/Buchans style mineralization.

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.

One area of recent trenching was the Bull Road Showing, where previous historic work included trenching and drilling with 7 holes sunk on the showing.

Trenching along the trace of the Bull Road Showing exposed mineralization over a length of 130 metres with a width varying between 1 – 7 metres.

The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide clasts up to and greater than a metre in length.

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.

The shares are trading at $0.115 and with 37.1 million shares outstanding, the company is capitalized at $4.3 million.

For more information, please visit the company’s website 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

I’m Samantha Deutscher for Investmentpitch Media