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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2018: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 16.80m @ 5.60g/t Au from 172.80m. Vancouver, British Columbia--(Newsfile Corp. - August 1, 201 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - August 1, 2018) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today reported gold results for a further three drill holes from its ongoing 2018 drilling. A fully funded drill program consisting of 40 — 50 drill holes totalling 7,000 metres is underway and is expected to continue through fall 2018. Results will be issued regularly throughout the remainder of the year. The latest drilling of the Dixie Limb Zone ("DLZ") has returned 16.80 metres of 5.60 g/t gold, including 2.70 metres of 14.92 g/t gold. Two new parallel high-grade gold zones were also intersected. Highlighted drill results are shown in Table 1, a plan map showing drill collar locations is shown in Figure 1 and a cross section is shown in Figure 2. Chris Taylor, President of Great Bear said, "We continue to expand the robust and fertile gold system at our flagship Dixie project. Our latest drill results suggest excellent continuity of high-grade gold mineralization at the primary gold-hosting contact of the DLZ from surface to a vertical depth of approximately 150 metres. Historical drilling suggests that gold mineralization extends to at least 450 metres vertical depth and remains open to extension both at depth and along strike, whichGreat Bear will continue to drill-test. We have also drilled new high-grade gold zones in the footwall and hanging wall of the DLZ that are parallel to the primary contact and comprise new targets. It appears that up to three parallel gold-mineralized zones are present along the Dixie Limb where drilled byGreat Bear to-date. We will continue to drill-test the extent and grade of these zones, in addition to further drilling of the Hinge Zone, Northwest Extension, and South Limb Zones." | |
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