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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-3-2019: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 2.70m @ 8.70g/t Au from 83.30m. Vancouver, British Columbia--(Newsfile Corp. - March 11, 2019 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh, Andrea Diakow (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - March 11, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today reported drill results from reconnaissance drilling to the west of the Dixie Hinge Zone ("DHZ") at its 100% owned Dixie Project in the Red Lake District of Ontario, and acquisition of new district properties covering additional gold mineralization targets. Two exploratory drill fences were completed 150 metres and 400 metres west of the current DHZ drilling, along the D2 fold axis that is interpreted to be a significant gold control, using the recently added second drill rig as shown on Figure 1. All 5 of 5 drill holes intersected gold mineralization. Additional drilling has also been completed within the Hinge Zone, results of which have not been received at the time of this release. DHZ drill results will be released once assay results are received and processed. Chris Taylor, President and CEO of Great Bear said, "In a district where 25 metre step-out drilling is considered aggressive, our new reconnaissance drill holes located 150 metres and 400 metres from the Hinge Zone have yet again shown the extensive footprint of gold mineralization at Dixie, and the apparent importance of major D2 fold axes as regional gold controls. We look forward to further drilling in these areas to determine if these are separate new gold discoveries, or whether the Hinge Zone extends through this entire strike length." The Company notes that gold-bearing veins have now been drilled over a strike length of approximately 500 metres from the easternmost Hinge Zone drill holes to the newest drilling to the west. This veining is located on the south side of an ultramafic body and fault that are sub-parallel to the regional D2 fold axis. | |
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