Great Atlantic Resources Corp (TSX-V:GR) said it has identified a new priority target zone of gold soil anomalies at its Keymet precious metal and base metal property in New Brunswick.
The company said in a statement that 26 of its 2022 soil samples submitted for gold assay and multi-element analysis returned anomalous values of 0.005 to 0.049 parts per million (ppm) gold (44% of samples analyzed for gold) with twelve samples returning 0.012 to 0.049 ppm gold (20% of samples analyzed for gold).
Great Atlantic said the analytical results, along with 2021 soil sample results, defined a zone of gold soil anomalies approximately 200m by 200 to 500m of which 39 of 44 samples (88% of samples) from this zone returned anomalous values of 0.005 to 0.067 ppm gold.
This anomalous zone is open to the west, the company noted.
Management said it views this zone as a priority target and is planning additional soil sampling and geophysical surveys to define trenching and diamond drilling sites in this area.
It added that it has found no reports of diamond drilling within the area of these gold soil anomalies.
Great Atlantic Resources is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rick and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world.
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