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Great Bear Announces Ongoing Drill Program in Ontario

Mining News - Published on Mon, 14 Oct 2019

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Great Bear Resources Ltd reported results from its ongoing 90,000 metre drill program at its 100% owned Dixie project in the Red Lake district of Ontario. Mr Chris Taylor President and CEO of Great Bear said that in a district where gold is usually mined from discontinuous veins averaging a few metres in width, often at kilometre-scale depths, the nearsurface, multi-kilometre extent of our LP Fault discovery instead resembles other Archean-age gold deposits across Ontario and Quebec. We continue to intersect high-grade gold intervals with comparable widths and grades to what have been mined at the major high-grade deposits in Red Lake, however these occur within wide envelopes of moderate to low grade gold mineralization, which we observe projecting to surface. During September and October, mapping crews discovered outcrop exposures of our felsic target geology, similar to what we're drilling from Bear-Rimini to Auro, along approximately 75 kilometres of strike length. We have also now drilled the same units one kilometre to the southeast of the Auro zone, with assays pending, and through examination of historical drill core we see that Noranda in 7 993, drilled similar rocks 8 kilometres to the southeast of the Auro zone.

Highlights of recent progress include:
• On strike extensions of key geological units that host gold mineralization where drilled by Great Bear to-date have now been mapped, drilled and identified in historical drilling along 15 kilometres of the 18.5 kilometre long LP Fault, as shown in Figure 1.
• The Company continues to advance its three-dimensional modeling of the LP Fault mineralization as additional drill information is received. An up-to-date image of the currently drilled interpreted mineralized zone.
• Results of a Spaciotemporal Geochemical Hydrocarbon survey completed in summer 2019 along 4 kilometres of the LP Fault have also now been received, and four new drill targets have been identified.

Highlights of recent LP Fault drill results include:
• Drill hole BR-043, located between the Bear-Rimini and Yuma sub-zones, intersected multiple gold intervals along 253.90 metres of core length including 125.00 metres of 1.08 g/t gold. Complete assays from the reported interval, showing continuity of gold mineralization. New highlighted drill results from the LP Fault.
• Drill hole BR-035, located between the Auro and Yuma sub-zones, intersected multiple gold intervals over 111.30 metres of core length, including 15.02 g/t gold over 2.50 metres, within a broader interval of 26.00 metres of 2.55 g/t gold. Separate additional gold intervals include 9.20 g/t gold over 5.30 metres, within a broader interval of 56.10 metres of 1.26 g/t gold.
• The gold mineralized system tends to increase in apparent width with increasing depth in most locations.

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Posted By : Rabi Wangkhem on Mon, 14 Oct 2019
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