Great Atlantic Acquires Nashwaak Lake Tungsten Property, Located Three Kilometers Northwest of Sisson Project Western New Brunswick
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce it has acquired 100% interest (through a purchase agreement) in the Nashwaak Lake Tungsten Property, located in western New Brunswick. The property is located approximately three kilometers northwest of the Sisson Project (tungsten and molybdenum project) of Northcliff Resources Ltd.
Tungsten mineralization is reported at the Nashwaak Lake Property including reported 0.443% tungsten (0.558% WO3) over 0.96 meters core length in a 2009 diamond drill hole and 2.03% tungsten (2.55% WO3) for a 2022 rock sample.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/241376_542092ad54ee8b2c_002full.jpg
The Nashwaak Lake Property consists of one mineral claim covering an area of approximately 222 hectares. Great Atlantic's management have compiled historical exploration information for the area of the property from Reports of Work on file with the New Brunswick Department of Natural Resources and Energy Development. These reports document soil and prospecting rock / drill core samples anomalous for tungsten within the area of the Nashwaak Lake Property. Reported highlights include:
Three 2009 rock samples (from glacial float) collected by Geodex Minerals Ltd. were reported to exceed 2,000 parts per million (ppm) tungsten with up to 2,140 ppm tungsten (0.214% W or 0.27% WO3) (Martin, 2010).
Two 2009 diamond drill holes by Geodex Minerals Ltd. were reported to intersect 3,064 ppm tungsten (0.306% W or 0.38% WO3) over 1.55 meters core length and 4,430 ppm tungsten (0.443% W or 0.55% WO3) over 0.96 meters core length (Martin, 2010). These near-surface intercepts are reported to be within altered granite.
A 2016 soil sample collected by Dave Stevens was reported to return a highly anomalous value of 214 ppm tungsten (Steven, 2016).
A 2017 rock sample collected by Dave Stevens was reported to return 8,030 ppm tungsten (0.803% W or 1.01% WO3) (Stevens, 2018). The Report of Work indicates this sample to have been collected from glacial float.
Great Atlantic recently obtained sample data for rock samples collected by the late Dave Stevens during 2022. A rock sample reported to have been collected from the area of the Nashwaak Lake Property returned 20,300 ppm tungsten (2.03% W or 2.55% WO3). Great Atlantic's management are assuming this sample was collected from glacial float.
The Sisson Project of Northcliff Resources Ltd. is located approximately three kilometers southeast of the Nashwaak Lake Property. The Sisson Project hosts the Sisson Tungsten - Molybdenum Deposit. Northcliff reported mineral reserves at the Sisson Deposit of 334.4 million tonnes of proven and probable reserves at 0.066% WO3 and 0.021% Mo and an NSR of $24.15 / tonne (January 2013 at $8.83 / tonne NSR cut-off). Readers are warned that mineralization at the Sison Project is not necessarily indicative of mineralization at the Nashwaak Lake Property.
Readers are warned that Great Atlantic has not verified tungsten soil anomalies or tungsten bearing rock samples at the Nashwaak Lake Property as stated in this report.
David Martin, P.Geo., (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.
On Behalf of the board of directors
"Christopher R. Anderson"
Mr. Christopher R. Anderson
President CEO Director
604-488-3900
Investor Relations:
1-416-628-1560
IR@GreatAtlanticResources.com
Never miss an update!
Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/241376_542092ad54ee8b2c_003full.jpg
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. 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. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/241376_542092ad54ee8b2c_004full.jpg
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
11 minutes ago
- Globe and Mail
01 Communique Engages Oak Hill
Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - 01 Communique Laboratory Inc. (TSXV: ONE) (OTC Pink: OONEF) (the "Company"), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announce that it has retained the services of Oak Hill Financial Inc. ("Oak Hill") to provide, among other things, investor relations, business and capital markets advisory services to the Company (the "Services"). Oak Hill is a Toronto-based investor relations and capital markets advisory firm that has been engaged to, among other things, heighten market and brand awareness for the Company as well as to broaden the awareness of the Company within the investment community via email and phone campaigns. The agreement with Oak Hill is effective as of June 10, 2025 and has an initial period of two months. The agreement is subject to TSX Venture Exchange approval. Oak Hill has agreed to comply with all applicable securities laws and policies of the TSX Venture Exchange in providing its Services. In connection with the Services, Oak Hill will be paid a monthly fee of $12,000, plus applicable taxes. Neither Oak Hill nor its principals have any interest, directly or indirectly, in the Corporation or its securities, or any right or intent to acquire such an interest. About 01 Communique Established in 1992, 01 Communique (TSXV: ONE) (OTC Pink: OONEF) has always been at the forefront of technology. The Company's cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ product line. IronCAP ™ 's technologies are patent-protected in the U.S.A. by its patents #11,271,715 and #11,669,833. The Company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Company's web site at and Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
28 minutes ago
- Cision Canada
Canada Nickel Announces Brokered Private Placement for up to C$8.0 Million in Gross Proceeds
TORONTO, June 11, 2025 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel" or the " Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce that it has entered into a letter agreement (the " Agreement") with Red Cloud Securities Inc. (" Red Cloud") to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Scotia Capital Inc. (collectively, the " Agents"), in connection with a "best efforts" private placement (the " Offering") for aggregate gross proceeds of up to C$8,000,200 from the sale of up to 9,412,000 units of the Company (each, a " Unit") at a price of C$0.85 per Unit (the " Offering Price"). Each Unit will consist of one common share of the Company (each a " Unit Share") and one-half of one common share purchase warrant (each whole warrant, a " Warrant"). Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a " Warrant Share") at a price of C$1.20 at any time on or before that date which is 36 months after the Closing Date (as defined herein). The Company has granted to the Agents an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to sell up to an additional 2,353,000 Units at the Offering Price for up to C$2,000,050 in additional gross proceeds. The Company plans to use the net proceeds of the Offering for the advancement of the Company's wholly owned Crawford Nickel Sulphide Project as well as for working capital and general corporate purposes. The Offering is scheduled to close on or around June 26, 2025 (the " Closing Date") and is subject to certain conditions including, but not limited to, the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange (the " TSX-V"), and the receipt of all necessary approvals including the approval of the TSX-V and the applicable securities regulatory authorities. The Company shall pay to the Agents, on the Closing Date, a cash commission of 6.0% of the gross proceeds raised in respect of the Offering (the " Agents' Commission"). In addition, at the Closing, the Company shall issue to the Agents warrants of the Company (the " Broker Warrants"), exercisable for a period of 36 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6.0% of the number of Units sold under the Offering at an exercise price equal to the Offering Price. The Units will be offered: (a) by way of private placement in all of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"); and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities to be issued pursuant to the Offering to purchasers in Canada will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws. The Units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 and, accordingly, the securities to be issued pursuant to the Offering to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada. The securities offered have not been registered under the U.S. Securities Act, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. About Canada Nickel Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM, NetZero Cobalt TM, NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Nickel District. For more information, please visit For further information, please contact: Mark Selby, CEO Phone: 647-256-1954 Email: [email protected] Cautionary Statement Concerning Forward Looking Statements This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward looking information in this news release includes, but is not limited to: structure and terms of the Offering, the anticipated closing date of the Offering, the intended use of proceeds of the Offering, and approval of the Offering by the TSX-V. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the Company's properties, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Globe and Mail
2 hours ago
- Globe and Mail
Zephyr Announces Private Placement
Halifax, Nova Scotia--(Newsfile Corp. - June 11, 2025) - Zephyr Minerals Ltd. (TSXV: ZFR) (" Zephyr" or the " Company") is pleased to announce that it intends to issue, by way of a non-brokered private placement financing, up to 8,000,000 units (each a " Unit") at a price of $0.04 per unit for gross proceeds of $320,000 (the " Private Placement"). Each Unit consists of one common share (each a " Share") and one transferable common share purchase warrant (each a " Warrant") of the Company. Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.08 for a period of three (3) years from issuance. Proceeds received from the Private Placement will be used for general working capital purposes and to advance permitting on the Dawson Gold project. It is anticipated that certain insiders of the Company will participate in the Private Placement. Finder's fees of cash and Warrants issued on the same terms as noted above may be paid to qualified parties. All securities will be subject to a statutory hold period of four months and one day. The Private Placement remains subject to customary closing conditions, including approval from the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Zephyr Minerals Ltd. Zephyr Minerals is mission focused on obtaining a mining permit for its 100% owned Dawson Gold project in Colorado with the view to continuing to advance this project to the next stage of development. The Company continues to review gold properties for potential acquisition and/or joint venture throughout Zimbabwe as these are received from third parties. The Company continues to wait for the Zimbabwean Government to grant two Exclusive Prospecting Orders ("EPO"), covering 124,000 hectares applied for in 2021. The areas covered by the EPO applications are prospective for gold and lithium. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by the Company. The forward-looking statements contained in this document are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
