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Great Bear Resources Ltd.
Summary
| Project: | Red Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-5-2018: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Red Lake project. Drilling results incl. 1.70m @ 17.18g/t Au from 198.0m. Vancouver, British Columbia--(Newsfile Corp. - May 25, 2018) - | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - May 25, 2018) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today announced results from the first 5 drill holes of its Phase 2 drill program at its Dixie project in the Red Lake district of Ontario. A total of 15 holes were drilled along 2.3 kilometres strike length of a prospective geological contact, testing both new and existing gold targets. All holes hit the hydrothermal alteration system which is characterized by varying silicification, sulphide mineralization and gold content. Drilling will recommence in June 2018. Chris Taylor, CEO of Great Bear commented, "Our Phase 2 drilling was ambitiously designed to test the size potential of the Dixie gold system at shallow depths and along strike, plus a number of new gold targets. It was successful on all fronts. Our drilling has revealed a regionally-significant gold-bearing hydrothermal system which has now been drilled along more than 2 kilometres of a favourable geological contact. The system contains multiple drill-confirmed high-grade gold zones comparable in width and grade to mined deposits in Red Lake, all of which are open to extension. Historical drilling and geophysics suggest that the primary gold-bearing contact may extend for up to 10 kilometres on the property. The remaining 7,000 metres of the Phase 2 drill program will include further step-out holes along this contact, and follow-up delineation drilling of areas with highgrade gold intercepts at depth." | |
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