This finding came to light in the drill results
from one zone on the property.
Great
Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it discovered, from the Dixie Hinge zone at
its Dixie project, "one of the widest near-surface occurrences of
veining and alteration hosting high-grade gold reported on the project to
date, and has also successfully extended the Hinge zone at depth." These
findings were revealed through the latest eight drill holes.
"We continue to be surprised by the strength and scale of the gold
system at Dixie," President and CEO Chris Taylor said in the release.
Generally, the Hinge zone vein and alteration system showed a maximum
estimated true width of 42 meters (42m). It appeared to encompass individual
veins more than 14m wide and, in four of the eight holes, numerous
gold-bearing veins.
Specifically, highlight hole DHZ-023 demonstrated 3.4m of 31.6 grams per
ton gold (31.6 g/t Au), including 1.75m of 61.05 g/t Au, along with 2.8m of
9.91 g/t Au, including 1.5m of 17.88 g/t Au.
Great Bear intends to continuing its drilling throughout 2019 and 2020
"to extend the strike length, depth and number of gold zones at the
Dixie Hinge," per the release. A second rig is now drilling to test
various targets the company has newly identified as having strong potential
for hosting gold.
In other news, Great Bear granted an aggregate of 500,000 stock options to
company employees, directors, consultants and advisers that is exercisable
for five years at $3.72 per share.
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