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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | South Limb Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-9-2018: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its South Limb Zone deposit at the Dixie Lake project. Drilling results incl. 10.35m @ 18.23g/t Au from 90.15m. Vancouver, British Columbia--(Newsfile Corp. - Septemb | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Bob Singh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 27, 2018) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear", TSX-V: GBR) today reported a new high-grade gold discovery, the "South Limb Zone" ("SLZ") at its Dixie Project in the Red Lake District of Ontario. Results are also provided from ongoing drilling of the Dixie Limb Zone ("DLZ"). Highlights of the new SLZ discovery include. Chris Taylor, President and CEO of Great Bear said, "We have made another exciting near-surface high-grade gold discovery in a new area of our Dixie project. At our South Limb Zone discovery, gold occurs within an up-to 40-metre-wide series of parallel quartz veins that follow a regional northwest to southeast trending D2 fold axis. The Hinge Zone also occurs adjacent to this fold axis. D2 folds are also important high-grade controls at the main Red Lake mine, and at other mines in the district. This new target has potential for several kilometres of strike length, and is one of several D2 folds at the Dixie project. We will continue with step-out and down-dip drilling along this new discovery to determine its extent. The Dixie Limb Zone also continues to yield exceptionally consistent gold results as we drill to define mineralization in the area." In addition to drilling of the SLZ and DLZ, a geological drill hole, DHZ-005, was completed 100 metres to the southeast of the Hinge Zone to test the orientation of the regional D2 fold axis. It remained in the footwall basalt unit over its entire core length of 252 metres and intersected a new interval of 1.40 metres of 1.17 g/t gold at 197 metres depth. Structural data from oriented drill core were collected that will be used to plan upcoming follow-up drill holes into the Hinge Zone and SLZ. | |
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