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Great Bear Resources reports Dixie gold project drill results including 10 grams per ton over 34.9 metres

The new results cover 200 metres of strike length on seven drill sections as part of the company's $25 million fully funded 2021 exploration effort

Great Bear project
Great Bear's Dixie project is wholly-owned and comprises 9,140 hectares of contiguous claims that extend more than 22 kilometers

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) reported results Wednesday from seven additional drill holes at its Dixie project in the Red Lake district of Ontario. 

The new results cover 200 metres of strike length on seven drill sections as part of the company's $25 million fully funded 2021 exploration effort. New shallow high-grade drill results between bedrock surface and approximately 70 vertical metres depth include:

  • 10.01 grams per ton (g/t) gold over 34.85 metres from 50.50 to 85.35 metres in drill hole BR-218 on drill section 19925, including a high-grade core of 106.40 g/t gold over 2.25 metres from 77.70 to 79.95 metres
  • 15.25 g/t gold over 10.40 metres from 63.00 to 73.40 metres in drill hole BR-243 on drill section 20000 with a total mineralized interval of 5.09 g/t gold over 36.40 metres from bedrock surface
  • 16.69 g/t gold over 8.60 metres from bedrock surface in drill hole BR-241 on drill section 20025 
  • 15.68 g/t gold over 11.75 metres from 75.75 to 87.50 metres in drill hole BR-242 on drill section 20050, including a high-grade core of 44.47 g/t gold over 2.70 metres from 76.50 to 79.20 metres
  • 20.83 g/t gold over 5.50 metres from 42.00 to 47.50 metres in drill hole BR-240 on drill section 20075, with a total near-surface mineralized interval of 4.94 g/t gold over 36.20 metres from 40.30 to 76.50 metres
  • 10.31 g/t gold over 3.15 metres, from 163.90 to 167.05 in drill hole BR-217 in drill section 20100 within a total mineralized interval of 1.13 g/t gold over 67.90 metres from 133.50 to 201.40 metres

READ: Great Bear Resources says LP fault drilling continues to underline the gold target's credentials

All told, Great Bear has now published results from 227 LP Fault drill holes and anticipates up to 400 LP Fault drill holes will be completed by the end of 2021.

"Results from over 50 drill holes are expected to be received between now and the end of February 2021, marking our most active period of incoming results in the Dixie project's history,” CEO Chris Taylor said in a statement. “Today's results consist of near-surface drill holes targeting the same high-grade domain on tight 25 metre centres along 200 metres of the LP Fault zone, demonstrating exceptional continuity of high-grade gold mineralization extending to bedrock surface."

Great Bear's Dixie project is wholly-owned and comprises 9,140 hectares of contiguous claims that extend more than 22 kilometers (km). It sits around 25 km southeast of the town of Red Lake, Ontario.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Price: 13.98 CAD

TSX-V:GBR
Market: TSX-V
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Great Bear Resources (CVE: GBR) CEO Chris Taylor joined Steve Darling from Proactive with news the company has increased their exploration budget on their Dixie Project in Red Lake, Ontario to 45 million dollars. This after the company recently completed 70-million-dollar financing. Taylor...

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