Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Great Atlantic Resources (TSXV.GR) has announced that it has started its 2020 exploration program at the Keymet precious metal – base metal property, located in northeast New Brunswick, Canada.
In a press release, Great Atlantic said the 2020 program will focus on gold exploration in the southwest to central regions of the 3,400-hectare property, where it has identified exploration targets based on historical work.
“Reported historic highlights in these regions include a reported trench chip sample of 2.5 g/t gold over 6.1 metres length, rock grab samples up to 4.3 g/t gold and soil samples of 217 and 325 ppb,” the release states.
To give the summer campaign a head start, the Vancouver-based miner already conducted some prospecting and rock – soil geochemical sampling in the southwest to central regions of Keymet to define trenching and drilling targets.
Later, it will carry out geophysical surveys for the regions it is currently working on to further define exploration targets.
“Great Atlantic is also planning exploration during 2020 in the northwest region of the Keymet property with the focus being gold,” the company said.
“Since acquiring the property, the company has discovered gold-bearing float and gold in bedrock (in drill holes and trenches) in this region of the property as well as veins containing high-grade zinc, lead, copper and/or silver.”
Keymet is located near Bathurst. Polymetallic veins were mined during the 1950s in the northern region at the historic Keymet Mine. Historic exploration by multiple companies dates back to the late 1800s with multiple mineralized veins reported in the northern region.
