- Great Atlantic Resources (TSXV:GR) has completed its 2023 exploration program at its 100-per-cent-owned South Quarry tungsten property in Newfoundland
- The program’s focus was exploring tungsten and gold as well as targeting various regions across the property
- Samples are currently being prepared for submission to a laboratory for analysis
- Shares of Great Atlantic Resources are up 20 per cent to C$0.03 as of 10:36 am ET
Great Atlantic Resources (TSXV:GR) has wrapped up its 2023 exploration program at its 100-per-cent-owned South Quarry tungsten property in Newfoundland.
In a news release, the Vancouver-based company stated the program’s focus is on exploring tungsten and gold as well as targeting various regions across the property.
A total of 85 rock samples were collected from five mineral licenses. While more than 70 per cent of the samples were collected from a region of the property identified by Great Atlantic Resources in 2022, roughly 23 per cent were collected from a new target area.
“We understand the tungsten market and feel that the South Quarry Tungsten Property, although early stage, has the earmarks of being a significant asset for the company. We would be happy to welcome a Joint Venture partner to assist in advancing the South Quarry Tungsten Project,” Christopher R. Anderson, CEO of Great Atlantic Resources, said in a statement.
South Quarry is a high-priority tungsten property with lithium potential and spans an area of 2,950 hectares. The property contains tungsten-bearing quartz-mica-feldspar pegmatitic veins and tungsten-bearing calc-silicate layers.
Great Atlantic Resources is focused on discovering and developing mineral assets in Atlantic Canada, including gold, copper, zinc, nickel, cobalt, antimony and tungsten.
Shares of Great Atlantic Resources are up 20 per cent to C$0.03 as of 10:36 am ET.
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