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Great Bear Drilling Update for Dixie Project

Mining News - Published on Mon, 17 Feb 2020

Image Source: Great Bear Resources
Great Bear Resources Ltd has reported new developments from its fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario. The Company has completed a successful "first pass" 4.2 kilometre drill test of the LP Fault. All (100%) of 59 drill holes on 50 - 250 metre spacings have successfully intersected gold mineralization. A long section view of results is provided in Figure 1. A continuously mineralized zone is now interpreted, the "LP Fault zone", which remains open both along strike and at depth. Previously disclosed LP Fault zone names (Bear-Rimini, Gap, Yuma, Yauro, Auro and Viggo) will no longer be used in Great Bear's news releases. Results will be provided by drill section on a go-forward basis.

Great Bear is now undertaking a systematic grid drill program testing a 2.5 square kilometre "panel" of the LP Fault (5 kilometres horizontally by 500 metres vertically from surface). Drill spacing will initially average 100 metres along strike and 75 metres vertically. Additional drilling below 500 metres is also being undertaken. Up to 300 additional drill holes are required to complete this panel during 2020 and the Company is fully-funded for this work. Four drill rigs are currently deployed along the LP Fault and a fifth drill rig will be used to continue concurrent regional exploration, including further LP Fault step-outs.

Highlights of current results include:

Drill hole BR-068 intersected 10.58 g/t gold over 21.00 metres, including 48.98 g/t gold over 3.25 metres on drill section 20750. Results demonstrate apparent continuity of gold mineralization from surface to 305 metres vertical depth, and increasing gold grades and interval widths with increasing depth. BR-068 is located 1.8 kilometres southeast of the LP Fault discovery hole DNW-011.

Drill hole BR-067 was completed on drill section 20600, located 150 metres to the southeast of drill section 20750, and intersected 10.95 g/t gold over 6.00 metres. Results demonstrate apparent continuity of high-grade gold mineralization over 400 vertical metres and apparent continuity across the 150 metre distance to drill section 20750. Gold was intersected to 550 metres vertical depth.

Drill hole BR-057, which is the second most southeasterly hole intersecting the LP Fault to-date, returned 7.35 g/t gold over 3.50 metres, including 38.03 g/t gold over 0.50 metres on drill section 18750. This hole is located approximately 4.2 kilometres southeast of LP Fault discovery hole DNW-011, and 1.85 kilometres southeast of drill section 20600.

A cross section through the original LP Fault discovery hole is provided in Figure 5. Similar geology, structural controls and gold mineralization are present in all areas along the 4.2 kilometres of the LP drilled to-date.

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Posted By : Nishith Sharma on Mon, 17 Feb 2020
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