Great Atlantic begins sampling of drill core at Keymet

Executive Summary

• Great Atlantic Resources Corp. has initiated a new and additional sampling program of drill core from its 2021 diamond drilling campaign at the 100%-owned Keymet property in northeastern New Brunswick.
• The primary objectives are to analyze intervals containing arsenopyrite for gold potential and to re-sample base metal sulphide intervals for silver and base metals, following limited initial sampling in early 2022.
• The release highlights previous high-grade intercepts, including a historic 2018 intercept of 1,158 g/t Ag, 9.04% Zn, and 9.19% Cu over 3 meters, and recent 2021 results that identified a new gold discovery zone (Debler zone).

Key Details

• Sampling Program Scope: Additional sampling of 2021 drill core (10 holes, 2,661 total metres) targeting the Elmtree 12 polymetallic vein system and nearby targets.
• Sampling Objectives:
  • Analyze intervals with arsenopyrite mineralization for gold.
  • Analyze veins/veined zones with base metal sulphides for base metals and silver (also analyzed for gold and a wide range of metals).
• Previous 2021 Results (First 5 Holes Sampled in Early 2022):
  • Hole Ky-21-25:
    • 0.63 m at 1.53 g/t Au (31.60 to 32.23 m).
    • 0.70 m at 3.17 g/t Au (74.25 to 74.95 m).
    • These intercepts represent a new gold discovery referred to as the Debler zone, containing arsenopyrite mineralization.
  • Hole Ky-21-27:
    • 0.92 m at 3.50% Zn, 3.26% Pb, 0.36% Cu, and 48.8 g/t Ag (102.64 to 103.56 m).
    • This hole tested the southern part of the Elmtree 12 vein system.
• Upcoming Sampling Targets:
  • Hole Ky-21-23: Interval at 175.21 to 175.96 m contains a veined zone with semi-massive sphalerite and galena (unsampled); drilled near a historic shaft.
  • Hole Ky-21-27: Intervals with arsenopyrite mineralization between 29.8 m and 90.1 m have been selected for sampling.
• Historical Context:
  • 2018 Drill Intercept (Hole Ky-18-14): 3.00 m at 1,158 g/t Ag, 9.04% Zn, and 9.19% Cu.
  • Property History: Keymet mine operated briefly in the 1950s; Nigadoo mine (4 km south) operated in the 1960s/70s producing Cu, Pb, Zn, and Ag.
• Property Details:
  • Location: Northeastern New Brunswick, ~4 km north of historic Nigadoo mine, northwest of Bathurst.
  • Size: Approximately 3,340 hectares.
  • Ownership: 100% owned by Great Atlantic Resources Corp.
• Qualified Person: David Martin, PGeo, Vice-President, Exploration, approved the technical information.

Notable Quotes

• No direct quotes from the CEO or President were included in the text provided.