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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2018: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 22.85m @ 19.33g/t Au from 118.3m. Chris Taylor, M.Sc. P.Geo, CEO of Great Bear said, "We rece | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Chris Taylor, M.Sc. P.Geo, CEO of Great Bear said, "We recently recognized the potential for a transformative discovery at Great Bear's Dixie project when we noted structurally controlled high grade gold within quartz veins, flanked by red-brown hydrothermal biotite alteration. These features, combined with increased grades and zone thicknesses at fold hinges, are key characteristics of high grade gold deposits currently in production in Red Lake. The missing piece at Dixie was whether we would also see gold enrichment at fold hinges at our project. We tested the fold hinge concept at shallow depths of approximately 100 vertical metres and successfully generated the high-grade gold results announced today." R. Bob Singh, P.Geo, Director and VP Exploration of Great Bear continued, "We made the current discovery by analyzing structural data collected from oriented drill core, which pointed us to a local D2 fold hinge. Our first hole, DHZ-003, encountered a wide interval of quartz veining with visible gold and we immediately followed up with a second hole, DHZ-004, which also hit the zone and encountered even stronger grades. In total the Hinge Zone has been intersected in 8 drill holes over 70 vertical metres, all of which contain high grade gold. The zone remains open in all directions. We look forward to further testing the Hinge Zone and other new discoveries through the remaining 5,000 metres and estimated 20 - 25 drill holes of our fully-funded summer 2018 drill program." | |
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