Continues To Build On Exciting LP Fault Discovery
Great Bear Resources Ltd(TSXV: GBR) has reported a number of promising results from its ongoing fully funded C$21 million exploration programme at its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.
President and CEO, Chris Taylor, said that to date, 180 drill holes have been completed along 11 kilometres of the LP fault, totalling approximately 100,000 metres, of which 151 drill holes have been completed on the central 5 kilometresof the LP Fault which is the focus of the company’s ongoing detailed drill programme
“It has been less than a year and a half since our LP Fault discovery, but with over 100,000 metres drilled in 180 holes, it’s increasingly apparent that the consistency and scale of this gold mineralized system has few recent exploration parallels,” Mr Taylor said.
“We are currently completing a series of drill holes designed to test and refine our geological and gold mineralisation model and plan to release results of this work over the coming weeks.
“Today’s drill results incorporate holes from this program, including results from section 20050 which contains the highest density on the LP Fault zone drilling to date and demonstrates high-grade gold continuity over 400 vertical metres from surface.”
Highlights include:
- New drill results include 18.58 g/t gold over 19.25 metreson section 20050 towards the middle of the LP Fault zone. This interval occurs from 287.25 to 306.50 metres downhole and is within a wider interval assaying7.04 g/t gold over 54.55 metres. High-grade sub intervals include a high strain zone which assayed52.83 g/t gold over 2.80 metres, including a strongly mineralized core of 194.00 g/t gold over 0.60 metres,and a separate zone which assayed23.24 g/t gold over 5.25 metres.
- Eight drill holes spaced 30 – 75 vertical metres apart have now been completed on section 20050. This section has seen the highest density drilling to date on the LP Fault zone and demonstrates high-grade continuity from surface to over 400 vertical metres depth.
- Other new results include 20.74 g/t gold over 3.80 metres, within a total mineralised zone assaying2.03 g/t gold over 45.90 metres from 114.50 to 160.40 metres.
The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres 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.
