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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2019: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 1.20m @ 935.64g/t Au from 183.90m. Vancouver, British Columbia--(Newsfile Corp. - January 16, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - January 16, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today reported drill results from the Hinge Zone ("DHZ") and South Limb Zone ("DSL") at its 100% owned Dixie Project in the Red Lake District of Ontario. Results include 1,602.73 g/t gold over 0.70 metres (approximate true width) at 150 metres vertical depth. An image of the gold mineralization in DHZ-014 is shown in Figure 1. Chris Taylor, President and CEO of Great Bear said: "Our Hinge and South Limb Zone are part of a continuous gold vein system which is interpreted to extend along 300 metres in strike length and has been drill tested to a depth of 212 metres. The zone remains open in all directions and occurs immediately south of a regional east-west trending D2 fold hinge and associated structures which extends for approximately 10 kilometres into undrilled areas. For comparison, the Red Lake-Campbell complex (Red Lake Gold Mine) also occurs proximal to a regional D2 fold where shear zones developed and acted as primary hydrothermal fluid conduits, across a 3.2 kilometre by 2.2 kilometre area. Great Bear's 2019 drill program is fully funded, and results will continue to be released regularly in batches as the program progresses." Hinge zone hole DHZ-014 intersected a 10.1 metre wide vein zone (approximate true width). Visible gold was observed at both its upper and lower contacts (Table 1). The vein zone is part of the larger Hinge/South Limb vein system, which parallels an ultramafic unit and deep-seated fault at the centre of the Dixie gold system (Figure 2). The DSL/DHZ vein system has been intersected in 28 drill holes across 300 metres of strike length to-date and is open along strike and at depth. The D2 fold axis that appears to be a significant gold control has been traced through geophysical methods across more than 10 kilometres of strike length. DHZ-014 was drilled to test Great Bear's 3D vein model, which accurately predicted veining would be present within 15 metres of the actual intercept. | |
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