Great Atlantic Resources Corp (TSX-V:GR) said it has begun the 2022 exploration program at its wholly-owned Pilley's Island base metal-precious metal property, located in north-central Newfoundland.
The focus is on exploration for base metal and precious metal bearing volcanogenic massive sulfide deposits within the property and the program consists of prospecting and rock-soil geochemical sampling, involving areas of copper, zinc and gold soil geochemical anomalies and anomalous copper in bedrock, the company said.
Volcanogenic massive sulfide deposits are reported within the central region of the property, including the historic Pilley's Island Mine, which operated during the 1890s and early 1900s, and the Bull Road showing.
READ: Great Atlantic Resources closes final tranche of private placement for total gross proceeds of $816,500
The company said it is currently conducting prospecting and rock-soil geochemical sampling in target areas identified during previous exploration programs.
"One area of focus is the southwest region of the property where 2018-2021 reconnaissance work by Great Atlantic identified zinc, copper and gold soil geochemical anomalies and anomalous copper in outcrop, including a 2021 reconnaissance soil sample which returned highly anomalous values of 1,989 parts per million (ppm) zinc and 626 ppm copper. A 2018 outcrop grab sample from this target area returned a highly anomalous value of 2,349 ppm copper (0.23% copper)," it said, adding that: "the company is also focusing on the west-central region of the property where 2021 soil sampling identified copper soil geochemical anomalies (up to 160 ppm) and nickel soil geochemical anomalies (up to 172 ppm) and anomalous copper in outcrop (up to 869 ppm copper)."
The company’s most significant work to date at the property has been at Bull Road showing, reporting high-grade zinc plus lead, copper, silver and gold mineralization in 2017 trench samples in 2017, including a 1.05-meter channel sample returning 15.40% zinc, 6.60% lead, 4.66% copper, 111.5 grams per ton (g/t) silver and 1.005 g/t gold and outcrop grab samples returning up to 40.8% zinc, 20.0% lead, 8.38% copper, 148.1 g/t silver and 2.27 g/t gold.
Great Atlantic Resources is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world.
Contact the author at jon.hopkins@proactiveinvestors.com