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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | LP Fault Target | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2019: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its LP Fault Target deposit at the Dixie Lake project. Drilling results incl. 149.20m @ 0.95g/t Au from 310.50m. VANCOUVER, Oct. 10, 2019 /CNW/ - Great Bear Resource | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh, Andrea Diakow (Internal) | |
| ABSTRACT: | VANCOUVER, Oct. 10, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported results from its ongoing 90,000 metre drill program at its 100% owned Dixie project in the Red Lake district of Ontario. Chris Taylor, President and CEO of Great Bear said, "In a district where gold is usually mined from discontinuous veins averaging a few metres in width, often at kilometre-scale depths, the near-surface, multi-kilometre extent of our LP Fault discovery instead resembles other Archean-age gold deposits across Ontario and Quebec. We continue to intersect high-grade gold intervals with comparable widths and grades to what have been mined at the major high-grade deposits in Red Lake, however these occur within wide envelopes of moderate to low grade gold mineralization, which we observe projecting to surface. During September and October, mapping crews discovered outcrop exposures of our felsic target geology, similar to what we're drilling from Bear-Rimini to Auro, along approximately 15 kilometres of strike length. We have also now drilled the same units one kilometre to the southeast of the Auro zone, with assays pending, and through examination of historical drill core we see that Noranda in 1993, drilled similar rocks 8 kilometres to the southeast of the Auro zone." | |
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