Great Atlantic Resources Corp (TSX-V:GR) released impressive gold assay and multi-element analyses for drill core samples from the first five holes of its 2021 diamond drilling program at its Keymet base and precious metals project, in northern New Brunswick.
The Vancouver-based exploration company said the drilling program consisted of 10 holes spread over 2,061 meters (m) and tested “numerous targets” in the northwest part of the property.
Great Atlantic highlighted a new gold discovery (Debler Zone) in drill hole Ky-21-25, including 3.17 grams per ton (g/t) gold over 0.70m core length and polymetallic veins in hole Ky-21-27 (Elmtree 12 Zone), including 7.02% zinc equivalent over 0.92 meters core length.
Gold assays and multi-element analyses were received for drill core samples from holes Ky-21-23 to Ky-21-27 which tested areas of polymetallic veins, areas of gold mineralization and electromagnetic geophysical anomalies, said the company.
Drill hole Ky-21-23 tested the area east of a historic shaft at the Elmtree Silver Mine mineral occurrence. The shaft is reported to have been sunk during the late 1800s. Ky-21-23 was drilled south at a 50-degree dip testing the area immediately east of the saft. The hole intersected a narrow interval with sulfide. A 0.33-meter core length sample (49.53-49.86m) through the interval returned 1.78% zinc, 2.09% lead, 2400 parts per million (ppm) copper (0.24% Cu) and 17.9 parts per million (ppm) (g/t) silver or 3.81% zinc equivalent.
A 2015 Great Atlantic drill hole (Ky-15-1) was drilled from the same site, but to the southwest under the shaft. Ky-15-1 intersected a narrow interval of sulfide bearing veins of which a 0.51-meter core length sample returned 9.53% zinc, 9.01% lead, 0.48% copper and 66 g/t silver or 16.82% zinc equivalent. Additional drilling is required to determine if the vein systems intersected in Ky-15-1 and Ky-21-23 correlate, noted the company.
In addition, drill hole Ky-21-24 tested an electromagnetic anomaly. It was drilled east at a 50-degree dip. A 0.31-meter core length sample with sulfide stringers returned anomalous values of 1,740 ppm zinc, 1,520 ppm lead, 344 ppm copper and 3.6 g/t silver, reported the company.
Drill hole K-21-25 tested the area of a gold-bearing outcrop. A 2015 grab sample collected by Great Atlantic from the outcrop returned 1.14 g/t gold. The hole was drilled to the southwest at a 60-degree dip under the outcrop and intersected two gold bearing intervals representing new discoveries with the following intercepts:
- At 31.60-32.23meters (0.63 meters) Great Atlantic intersected 1.53 g/t gold (altered meta-sediment with disseminated arsenopyrite) under the gold bearing outcrop;
- At 74.25-74.95 meters (0.70 meters), the company intersected 3.17 g/t gold (altered metasediment with disseminated arsenopyrite and arsenopyrite in quartz veins).
The explorer reported that three samples covering the interval of 71.43-74.25m all returned anomalous values for gold, with a weighted average of 0.25 g/t gold.
Great Atlantic said it is referring to the gold discovery in Ky-21-25 as the Debler Zone, named after the prospector who initially sampled the gold bearing outcrop.
The Keymet property covers roughly 3,400 hectares and is fully owned by the Great Atlantic.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive