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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | LP Fault Target | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-10-2019: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its LP Fault Target deposit at the Dixie Lake project. Drilling results incl. 37.40m @ 5.14g/t Au from 55.60m. VANCOUVER, Oct. 30, 2019 /CNW/ - Great Bear Resources | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh, Andrea Diakow (Internal) | |
| ABSTRACT: | VANCOUVER, Oct. 30, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported new results from its ongoing, fully-funded 90,000 metre drill program at its 100% owned Dixie project in the Red Lake district of Ontario. Three new gold discoveries have been made and drill results disclosed in this news release are from the following zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault. Chris Taylor, President and CEO of Great Bear said, "The new high grade Yauro discovery occurs within a predicted zone of increased structural dilation between the Yuma and Auro discoveries, and is coincident with one of the recently identified geochemical (SGH) anomalies. I would encourage investors to refer to the cross sections provided in Figures 1, 2 and 3 to gain context. The LP Fault discovery including the Yauro zone are not typical of vein-hosted Red Lake style gold deposits, but are flanked to the north and south by Red Lake style gold-bearing veins at the Hinge/Limb and new North Fault discoveries. Two drill holes collared 125 metres apart were required to cross what we interpret as a major dilatancy or "blow" along the LP Fault at Yauro. Finding something this large and high-grade within metres of the surface is one of the most important discoveries on the project to-date. And like other areas of the LP Fault, the high-grade is flanked by wide intervals of moderate grade gold mineralization that could be very important for the project as it progress to more advanced stages. | |
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