Successfully Extends LP Fault With High-Grade Gold Hits
Great Bear Resources Ltd (TSXV: GBR) continues to report positive results from its ongoing fully funded C$45 million 2021 exploration programme at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
“Predictability is a trait that builds first-class mineral deposits, distinguishing the ‘best of the best’,” President and CEO, Chris Taylor, said.
“With every week that goes by, we successfully expand and fill in the LP Fault zone precisely because of its impressive, predictable continuity.
“In four months so far in 2021, we’ve already extended the area of drill-defined continuous gold mineralisation at the LP Fault by approximately 25%. At the scale of the LP Fault, this is an impressive achievement with few current exploration stage parallels.”
Highlights of the current results include:
- Drill holes reported in this release intersected the LP Fault zone from approximately 25 to 500m vertical depth along 1.7 km of strike length.
- Drill holes were located a) below previous drilling, and b) within 75 to 100m previously undrilled gaps in the zone.
- Two drill holes are step-downs that extend gold mineralisation by more than 100m below previous drilling on two drill sections, expanding the LP Fault zone to depth in these locations.
- BR-284, a 125m step-down, assayed 11.18 g/t gold over 6.75m from 524.20 to 530.95m downhole, and
- BR-291, a 139m step-down, assayed 1.00 g/t gold over 96.10m from 477 to 573.10m downhole. This included a high-grade core of 16.41 g/t gold over 2.40m from 485.00 to 487.40m downhole.
- Infill drilling within 75 – 100 metre previously undrilled gaps in the zone also continues to deliver high-grade and bulk-tonnage gold intercepts.
- BR-272 assayed 10.50 g/t gold over 13.10m from 313.20 to 326.30m downhole. A high-grade core assaying 33.35 g/t gold over 3.70m was present from 313.20 to 316.90m downhole.
- BR-247 assayed 16.50 g/t gold over 6.25m from 365.00 to 371.25m downhole. This included a high-grade core of 169.00 g/t gold over 0.50m from 369.50 to 370.00m downhole.
Mr Taylor said results continue to demonstrate excellent continuity of high-grade and bulk-tonnage gold mineralisation. The LP Fault zone remains open to extension in all directions.
The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 km southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.
