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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | Dixie Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-9-2017: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its Dixie Lake deposit at the Dixie Lake project. Drilling results incl. 10.40m @ 16.84g/t Au from 162.60m. Vancouver, British Columbia--(Newsfile Corp. - September 7, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 7, 2017) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today announced results from the first 5 holes of an 8-hole drill program completed on the Dixie Lake Project, located in the Red Lake District of Ontario. Chris Taylor, M.Sc. P.Geo, CEO of Great Bear said, "We have recently more than tripled our Dixie Lake land position because our geological interpretation suggests we are exploring a regionally significant gold-bearing structure that mineralizes diverse geological units. With Dixie Lake's road access, on-site power lines, and location 20 kilometres from Red Lake, Great Bear is well-positioned to grow along with this emerging project. Great Bear has the option to earn a 100% interest in the Dixie Lake project, royalty-free, for an additional $150,000 in payments over four years." R. Bob Singh, P.Geo, Vice President Exploration and Director of Great Bear said, "The intercept in hole DL-005 is the widest — highest grade intercept on the property to-date, and shows the potential of the main mineralized structures to host high-grade gold. It carries grade throughout the intercept, within a basalt that is strongly altered by silica and sulphides. Our 3D geological modelling, re-logging of historical drill core and re-interpretation of the zone has clearly led to a better understanding of the structural and geological relationships of high-grade gold on this property that we plan to pursue over the fall and winter." | |
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