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Last C$0.08 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:58 AM 07/24/15 All times are local (Market data is delayed by at least 15 minutes).

great atlantic resources cor (GR) Snapshot

Open
C$0.10
Previous Close
C$0.08
Day High
C$0.10
Day Low
C$0.08
52 Week High
12/16/14 - C$0.30
52 Week Low
05/1/15 - C$0.06
Market Cap
573.8K
Average Volume 10 Days
34.1K
EPS TTM
C$-0.17
Shares Outstanding
7.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GREAT ATLANTIC RESOURCES COR (GR)

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great atlantic resources cor (GR) Details

Great Atlantic Resources Corp., an exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Atlantic Canada. The company primarily explores for graphite, tungsten, antimony, gold, and silver. Its properties are located in New Brunswick, Newfoundland, and Nova Scotia. The company was formerly known as Greenlight Resources Inc. and changed its name to Great Atlantic Resources Corp. in June 2012. Great Atlantic Resources Corp. was incorporated in 1997 and is headquartered in Vancouver, Canada.

Founded in 1997

great atlantic resources cor (GR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$127.5K
Compensation as of Fiscal Year 2014.

great atlantic resources cor (GR) Key Developments

Great Atlantic Resources Corp. Commences Trenching Program at Keymet Base and Precious Metal Project

Great Atlantic Resources Corp. announced that it has begun a trenching program at its Keymet Base and Precious Metal Project, located in northeast New Brunswick. The project is located approximately 20 kilometres northwest of the city of Bathurst. Base metal and silver mining was previously conducted within the property during the 1950s at the former Keymet Mine. The trenching program is being conducted in the northwest region of the Keymet Project, a priority area for Great Atlantic. The planned trenches are approximately 1.3 ­ 1.7 kilometres northwest of the former Keymet Mine. Trenches will be excavated in areas of gold soil anomalies, gold bearing float and gold bearing trench bedrock as discovered by Great Atlantic during 2011 ­ 2013 programs and in the area of the Elmtree 12 base metal and silver vein occurrence (discovered during 1980s diamond drilling). The company recently completed a VLF (Very Low Frequency) electromagnetic geophysics survey in this target area to further define trench and drill targets. The company is planning trenches in 6 locations in this target area. Historical reports suggest the base and silver bearing veins in this northwest region of the project to be subparallel and northwest trending. A northwest trending fault is reported in this region as per government maps. A zone of gold soil anomalies and local gold and arsenopyrite bearing silicified metasedimentary boulders was discovered by the company prospectors in the area of the current trenching program. The gold bearing boulders were traced over an approximately 450 metre trend. Samples of these boulders assayed up to 51 g/t Au.

Great Atlantic Resources Corp. Conducts Summer Work Program on its Keymet Base and Precious Metal Project Near Bathurst New Brunswick Canada

Great Atlantic Resources Corp. announced that it has commenced its summer work program. Great Atlantic is conducting a first phase VLF (Very Low Frequency) Electromagnetic geophysics survey at the Keymet Project. This survey is focused on the northwest region of the project to further define trench and drill targets. The survey will cover an area of gold soil anomalies, gold bearing boulders and gold in altered and sheared trench bedrock as discovered by Great Atlantic during 2011 - 2013; and documented base metal and silver bearing vein occurrences. Historical reports suggest the base and silver bearing veins in this area to be northwest trending. A northwest trending fault is reported in this area as per government maps. Great Atlantic discovered gold and arsenopyrite bearing boulders and gold in trench bedrock in this region during 2011 - 2013. Boulder samples from these programs returned up to 51 grams per tonne gold. One trench exposed a gold bearing sheared and altered zone of which channel samples graded 1.09 grams per tonne gold over 11.78 metres. The VLF Electromagnetic survey is also covering an area of closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting Corporation Limited and Aurtec Inc.) which were reported to intersect base metal and silver bearing veins. This vein occurrence is referred to as the Elmtree 12 vein occurrence and is located approximately 1.4 kilometres northwest of the former Keymet Mine. Reported drill intersections at the Elmtree 12 vein occurrence included a 0.88 metre core length interval from a 1981 drill hole, reported to grade 7.72% Cu, 11.36% Zn and 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. A 1.22 metre core length sample from another near-by 1989 drill hole was reported to assay 6.34% Cu, 3.94% Zn and 10.9 ounces per ton Ag.

Great Atlantic Resources Corp. Provides Project Update

Great Atlantic Resources Corp. provided an overview of company's two priority projects which the company has recently evaluated for purposes of defining a upcoming work program. Utilizing both historic exploration reports and its own exploration data for its South Quarry and Keymet Projects, the company provided an overview of these projects and the defined target areas. The South Quarry Tungsten Project is located in east-central Newfoundland. The property covers an area of approximately 3160 hectares, being optioned from a local prospector. Great Atlantic has evaluated historic exploration reports by Kidd Creek Mines Ltd. Kidd Creek reported bedrock and boulder samples exceeding 1% WO3 within the property. Kidd Creek Mines reported tungsten ­ bearing bedrock in multiple locations, tungsten- bearing boulders and wide-spread tungsten soil-till anomalies within the property. Tungsten mineralization in the form of scheelite was reported in greisenized quartz ­ feldspar veins and in altered limestone and calc-silicate horizons. Host rocks are Ordovician meta-greywacke, meta-argillite, phyllite and limestone. Devonian granite - granodiorite intrusions are reported adjacent to the property. South Quarry Project - Tungsten mineralization model: A priority target area for Great Atlantic is the South Quarry Zone, located in the northern half of the property. In this area, Kidd Creek reported scheelite bearing veins in a 200 metre by 10 metre bulldozer stripped area, orientated across the strike of the veins. The exposed veins in the stripped area were reported to be up to 1.5 metres wide, spaced 2 to 5 metres and striking southeast (steeply dipping). Kidd Creek reported assays of 27 channel samples of vein material from one part of the stripped area to average 1.79% WO3. These channel samples were reported to be 0.5 metre lengths along veins (sample widths were not reported). Kidd Creek also reported scheelite mineralization in altered limestone in a diamond drill hole (GG85-1) in this area. A 0.90 metre drill core length sample of this scheelite bearing interval was reported to assay 2.77% WO3. Tungsten bearing boulders and tungsten soil ­ till anomalies were also reported northwest, north and northeast of the South Quarry Zone. Keymet Base and Precious Metal Project: The Keymet Base and Precious Metal Project is located in northeast New Brunswick, approximately 20 kilometres northwest of the city of Bathurst. The property covers an area of approximately 3560 hectares, being optioned from a local prospector.

 

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