VANCOUVER – Great Atlantic Resources Corp. (TSXV.GR) announced it has begun a trenching program at its Mascarene Property, located in southwest New Brunswick. The program is being conducted within the eastern region of the property testing areas of historically reported copper, cobalt and nickel mineralization within a broad magnetic high trend.
The December trenching program is being conducted in the area of two small quarries, one of which is referred to in historic reports as the North Pit.
Historic pits/shafts are reported in multiple regions of the Mascarene Property dating back to the 1800s (New Brunswick. Dept. of Natural Resources and Energy Development Mineral Assessment Reports and Mineral Occurrence Database files), of which Great Atlantic has located such workings in the south, west and east regions of the property. Sulfide bearing veins are reported at some of these sites. One such location of historic shafts in the east region of the property is at the Oliver and Oliver-Cameron workings, which are located approximately 700 – 800 meters southwest of the North Pit.
A 2001 government airborne magnetic survey identified magnetic anomalies within the property including a broad magnetic high trend extending through the area of the Oliver and Oliver Cameron workings and the area of the North Pit. Great Atlantic management speculates these anomalies to be associated with a buried mafic intrusion(s).
David Martin, VP Exploration for Great Atlantic states:
“the magnetic anomalies are targets for mafic intrusive hosted copper-nickel-cobalt deposits. Reported shallow vein-type mineralization at historic workings over magnetic anomalies may be indicative of deeper mafic intrusive hosted copper-cobalt-nickel mineralized bodies.”
The Mascarene Property covers an area of approximately 2,080 hectares. The property is located approximately 6 kilometers southwest of the town of Saint George. Access is excellent with paved provincial roads transecting the property and within close proximity of the property.
Readers are warned the historic data for the North Pit referred to have not been verified by a qualified person.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in the news distributed this morning.
We seek safe harbor.