VANCOUVER, British Columbia - February 6, 2013 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) is pleased to announce that it has completed a LIDAR survey on its Lansdowne property located in Digby County, Nova Scotia. The property is held by GR's private subsidiary company, Atlantic Canada Antimony Inc. (ACA). ACA has a 100% interest in the Lansdowne property which is comprised of 354 claims covering over 14,000 acres.
LIDAR & Great Atlantic
A total of 171 square kilometers was surveyed over GR's properties including the Lansdowne area. The LIDAR data obtained will now be used to create digital elevation terrain models for the respective project areas. This data will be processed to create 3-D structural images which will then be used to assist in identifying structurally prepared areas that can then be explored using conventional exploration techniques such as ground based geochemistry/geophysics.
Although there has been some historic exploration on different areas of this large land package the majority of the property has been underexplored. In 1950 dump samples were taken from a two meter deep pit, dug on an east bank of Walsh Brook. The samples were assayed as a composite sample and returned 7% antimony (Sb) and 7.5 % lead (Pb) (Assessment Report NSDNR E. Lee Cameron 1950). In 1987 Four Seasons Resources Ltd reported a quartz antimony showing in the Waldeck West area of the property. A green sericitized quartz intruded altered zoneexposed over an area of two meters by three meters and fifteen meters from the quartz antimony showing, returned a random grab sample of 1131 ppm Sb, 2432 ppm Arsenic (As) and 0.80 ppm Au (Assessment Report NSDNR T.G. Mersereau 1988). In 1992 four drills holes where done by the Nova Scotia Department of Natural Resources in the Walsh Brook area. In drill hole LAN-92-2 an eight meter highly altered zone was cut within a mafic dyke that contained abundant jamiesonite, arsenopyrite, pyrite and sphalerite. A 0.91 meter section from 76.60 meters returned 16,040 ppm Sb, 48,457 ppm Pb, 9551 ppm Zn, 720 Cu, 26,199 ppm As, 342 Cd, 47.83 ppm Ag and 0.351 ppm Au (Assessment Report NSDNR L. Jensen 1995). The majority of this hole, and the other three holes drilled, were not assayed. Given that micron-scale (no see-um) gold has been now found in the Meguma Group, Halifax formation slates;ACA will re-evaluate the drill core for potential assay with particular emphasis on the wide sections of black argillite-siltstone packages for antimony, gold, silver mineralization.
In 1979 Shell Canada drilled 41 holes in the Ellison Lake area of the property. All 41holes collared in quartz monzonite typical of the Ellison Lake pluton. These holes where never assayed for antimony, gold or silver and will also need to be re-evaluated for assay. Shell also did an induced polarization magnetic survey over the Ellison Lake area. A map of the induced polarization results showed conductors at the granite-metasedimentary contact. These results were never followed up on and are considered by the company to be highly important as potential exploration targets.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
What is LIDAR?
LIDAR (Light Detection and Ranging) is an optical remote sensing technology that measures properties of scattered light to find range and/or other information of a distant target. This technology is used to produce highly accurate terrain elevation data in an unprecedented turnaround time. Specially modified survey aircraft are employed to carry multiple LIDAR sensors over a specified territory (claims) to gather accurate information. Such a technologically advanced data on a property reduces the need to do exploration over segments of the property that have little exploration potential. In addition, this makes the follow-up exploration work more cost effective and more time efficient.
About Great Atlantic Resources Corp:
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral deposits in Atlantic Canada which is a sovereign risk free domain. Recently New Brunswick was announced as the number one mining region in the world. Great Atlantic has assembled the A-team of explorers in the region with decades of experience and known track records for discoveries. Currently the company is propelling forward under a project generation model with a focus on Antimony, Tungsten and Gold.
On Behalf of the board of directors
Christopher R Anderson,
CEO - President 604 488-3900
Read about Great Atlantic Resources Corp.: http://greatatlanticresources.com/corporate-overview/
Read Disclaimer: http://greatatlanticresources.com/legal-disclaimer/
Facebook: https://facebook.com/GreatAtlanticResources | Twitter: @GreatAtlRes |
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4