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Great Bear Resources adds more high-grade gold intercepts from LP Fault zone on flagship Dixie project

CEO Chris Taylor said it was 'increasingly apparent' that the consistency and scale of the gold mineralized system has 'few recent exploration parallels'

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Results included 18.6 g/t gold over 19.3m within a wider interval of 7 g/t gold over 54.6m

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) has hit more high-grade gold intercepts on the LP Fault at the company’s flagship Dixie project.

The Vancouver-based junior released results on Wednesday from its ongoing drill program at the project that includes 18.6 grams per ton (g/t) gold over 19.3 metres (m) within a wider interval of 7 g/t gold over 54.6m.

Great Bear has now drilled 100,000m over 180 holes at the LP Fault, a significant gold-hosting structure that has been seismically imaged to extend to 14 kilometres (km) depth that Great Bear has interpreted to have up to 18km of strike length.

READ: Great Bear Resources unveils yet more positive drill assays from flagship Dixie gold project in Red Lake

The aforementioned results came from Section 20050 on the zone, which saw the highest density drilling and illustrates high-grade continuity from surface to a depth of 400 vertical metres, the company said in a statement. Other sub-intervals from the section include a high strain zone that assayed 52.8 g/t gold over 2.8m, including a strongly mineralized core of 194 g/t gold over 0.6m, and a separate zone which assayed 23.2 g/t gold over 5.3m.

Drill section 20050 showing continuity of high-grade mineralization on multiple drill holes from surface to 400 vertical metres depth

Great Bear also reported results from a separate drill hole on Section 20900 northwest of the area, which intersected 20.7 g/t gold over 3.8m, within a total mineralized zone assaying 2 g/t gold over 45.9m.

In a statement accompanying the results, CEO Chris Taylor told investors that the LP Fault system is nearly unparalleled in terms of exploration success.

"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,” Taylor said.

“We are currently completing a series of drill holes designed to test and refine our geological and gold mineralization model and plan to release results of this work over the coming weeks."

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Price: 16.67 CAD

TSX-V:GBR
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