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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/18/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-6-2020: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Dixie Lake project. Drilling results incl. 15m @ 3.0g/t Au from 451.5m. June 18, 2020 – Vancouver, British Columbia, Canada – Great Bear Reso | |
| Resources: | x | |
| CP/QP: | [Overall Report] R. Bob Singh (Internal) | |
| ABSTRACT: | June 18, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario. Chris Taylor, President and CEO of Great Bear said, “Targeted regional drilling has repeated the success of our original Hinge zone discovery of 2018, one kilometre west of the Hinge zone. Drill hole REG-002 intersected three zones of gold mineralization including a 15 metre wide interval containing high-grade visible gold in quartz veins, the “Arrow” zone. These new gold-bearing veins have the same high temperature red-brown hydrothermal biotite alteration that is characteristic of the Hinge zone veins at Dixie, and the High Grade Zone at the Red Lake Gold Mine. While our primary focus remains the ongoing grid drilling program at the LP Fault zone, systematic follow up drilling of the Arrow discovery is clearly required, and additional regional targets also need to be drilled. The discovery of an additional Red Lake style high-grade gold zone in the first new area we’ve tested this year supports the strong ongoing discovery potential of the Dixie project.” Drill hole locations and results are provided in Figure 1, and in Table 1, respectively | |
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