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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-6-2018: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 40.3m @ 1.73g/t Au from 162.60m. Vancouver, British Columbia--(Newsfile Corp. - June 27, 2018 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - June 27, 2018) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today reported gold results for a further 10 drill holes from its ongoing 2018 drilling. A fully funded drill program consisting of 40 — 50 additional drill holes totalling 7,000 metres has now commenced and is expected to continue until November 2018. Chris Taylor, President of Great Bear said, "Step-out drill spacing is typically a few metres to tens of metres in the Red Lake district. Our step-outs at 850 metres and 1.6 kilometres along the Dixie Limb Zone have all intersected gold mineralization, including high-grade gold. This remarkable result shows the size and strength of the gold system at our flagship Dixie project. Simultaneously, we have identified gold over significant widths in near-surface holes overlying deeper high-grade gold intercepts in the vicinity of most historical drilling. Great Bear's Dixie project is located only 15 minutes drive along the highway from Red Lake, and all reported gold results are from areas underlying or adjacent to existing logging roads, 5 minutes from the highway and accessible year-round." The Company is now prospecting, trenching and completing a grid of follow-up drill holes in the vicinity of the step-out drilling to determine the geometry of gold mineralization in this new area. Ongoing drilling will also continue to target extensions along strike and at depth of various targets within the DLZ, including the Main Dixie Limb, Hinge Zone, South Limb, and Hanging Wall Zone targets. | |
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