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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2018: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 3.65m @ 27.36g/t Au from 215.40m. Vancouver, British Columbia--(Newsfile Corp. - December 12 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - December 12, 2018) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today reported drill results from 19 holes totalling 4,290 metres from the Hinge Zone ("HZ") and South Limb Zone ("SLZ") at its 100% owned Dixie project in the Red Lake district of Ontario. The Company has expanded its recent highgrade gold discoveries and identified a new ultramafic unit in the core of the Dixie gold system. The Company also announces a second drill rig will be mobilized early in 2019 as it accelerates its fully-funded, ongoing 30,000 metre drill program. Reconnaissance drilling tested a large 220 metre (east-west) by 190 metre (vertical) area of the SLZ and HZ. Highlights include Chris Taylor, President and CEO of Great Bear stated, "We rank this new drilling success as our most significant gold discovery at the Dixie project to-date, as it clearly exceeded our expectations for what is best described as reconnaissance drilling of the new South Limb Zone and Hinge Zone areas. In addition to expanding these zones, we have simultaneously identified an important ultramafic-related gold control that advances our understanding of the gold system and points to potential for discovery of additional gold zones elsewhere on the project." The Company is now conducting a fully-funded 30,000 metre, approximately 150 drill hole drill program that is expected to continue through 2018 and 2019. Targets to be drilled include the HZ, SLZ and DLZ, as well as a number of newly defined, highly prospective geological and structural targets across the project. The Company will mobilize a second drill rig early in 2019 in order to more rapidly drill the known mineralized zones, and simultaneously test new gold targets. Results will continue to be released in batches as received. Ultramafic Unit Central to Gold System Within D2 Fold Structure The Company has also identified key stratigraphic controls to the gold mineralization with potentially significant exploration implications across the Dixie property. Results stem from ongoing drilling and re-logging/re-sampling of historical drill core. | |
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