The company reported the latest results from its
in-progress drill program.
Great
Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it drilled a new, shallow, high-grade gold
subzone of the Hinge zone of its Dixie project in Ontario's Red Lake
District.
This news is part of the recently reported drill results from both the
Hinge and the Dixie Limb zones.
As for those, drilling at Hinge intersected 30.81 grams per ton (30.81
g/t) gold over 2.50 meters (2.5m) within a broader zone of 7.40 g/t gold over
13.2m, at a 68m vertical depth. The new subzone, tested to about 140m from
surface, showed 20.41 g/t gold over 2.2m within a wide interval of 2.07 g/t
gold over 29.8m.
"Gold-bearing quartz veins are strongly developed adjacent to a newly
defined sediment contact within the same high-iron, tholeiitic pillow basalt
that hosts the original Hinge zone discovery," the release described.
Regarding the Dixie Limb zone, drilling demonstrated 21.54 g/t gold over
2.35m within a broader interval of 9.68 g/t gold over 5.6m. "Drilling
continues to encounter high-grade gold intervals near the predicted
intersections of Hinge zone-style, gold-bearing veins with the Dixie Limb
contact," noted the release.
Chris Taylor, president and CEO of Great Bear, said, "The one-year
anniversary of our Hinge Zone discovery is marked by the discovery of a new
shallow high-grade gold zone located west of, and above, the majority of our
Hinge drilling to-date. Concurrently, high-grade gold continues to be drilled
at predicted structural intersections in the Dixie Limb. Presently, all three
drill rigs are deployed at various targets along the LP Fault. It would have
been difficult to imagine last summer just how much progress we would make in
only one year. The most exciting aspect of the Dixie project is that the pace
of discovery has continued to accelerate, and we look forward to what our
fully funded drill campaign will continue to yield through 2019 and 2020.”
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