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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | LP Fault | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/8/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Definition | |
| Report details: | 8-6-2020: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its LP Fault deposit at the Dixie Lake project. Drilling results incl. 25.15m @ 15.45g/t Au from 163.35m. June 8, 2020 – Vancouver, British Columbia, Canada – Great Be | |
| Resources: | x | |
| CP/QP: | [Overall Report] R. Bob Singh (Internal) | |
| ABSTRACT: | June 8, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario. Chris Taylor, President and CEO of Great Bear said, “The LP Fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest drill interval to date. Deeper drilling towards the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area. Having completed our upsized private placement, we have over $50 million in cash and sufficient capital to continue aggressive drilling into 2022. Updated exploration plans reflective of our ability to undertake an expanded fully-funded drill program will be provided in the near future.” The Company has completed 111 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program. Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively. An updated long section of the LP Fault drilling is provided in Figure 2. | |
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