Great Bear Resources Ltd. (TSX-V: GBR) reported new results from its fully-funded 200,000 metre drill program at its 100% owned Dixie project in the Red Lake district of Ontario. Results are from the following zones along the LP Fault target: “Gap” (new), Auro and Bear-Rimini. Highlights of recent results include:
Chris Taylor, President and CEO of Great Bear said, “With the discovery of high-grade gold mineralization in the new Gap area, the last significant undrilled segment of the LP Fault between the Bear-Rimini and Viggo zones is being successfully filled. Remarkably, all (100%) of the drill holes completed into the LP Fault structure to-date have intersected similar gold mineralization and host geology. Results continue to support continuity of gold mineralization along more than 4 kilometres, which remains open along strike and at depth. Our drilling strategy for 2020 is threefold: 1) We plan to continue the discovery process through drill-testing of new targets across the project, 2) we plan to continue significant step-out drilling over 12 kilometres of the 18 kilometre LP Fault, and 3) we will undertake concurrent closely spaced drilling in areas where we have already successfully intersected gold.”
The Company also announces that details regarding a previously announced two percent Net Smelter Royalty spinout to its shareholders will be provided in January 2020.
The New Gap Zone:
Auro Zone Results:
Bear-Rimini Zone Results:
Additional drill holes have also now been completed further along the projected strike of the LP Fault zone and within the Gap zone from which assays are pending and will be released in the new year. Great Bear plans to drill test approximately 12 kilometres of the 18 kilometre long LP Fault target during 2020.
Table 1: Most recent results from drilling along 4 kilometres of the LP Fault target.
Drill Hole | From (m) | To (m) | Width* (m) | Gold (g/t) | Section | Area | |
BR-038 | 48.70 | 92.80 | 44.10 | 0.68 | 20400 | Auro | |
including | 75.25 | 92.80 | 17.55 | 1.51 | |||
and including | 81.20 | 91.80 | 10.60 | 2.06 | |||
104.50 | 112.00 | 7.50 | 1.05 | ||||
and | 264.10 | 266.20 | 2.10 | 1.12 | |||
and | 290.70 | 304.00 | 13.30 | 0.44 | |||
and | 325.70 | 336.10 | 10.40 | 1.35 | |||
and | 415.00 | 436.00 | 21.00 | 0.24 | |||
and | 480.45 | 482.45 | 2.00 | 4.90 | |||
BR-039 | 40.00 | 43.00 | 3.00 | 3.23 | 20400 | Auro | |
and | 115.80 | 154.30 | 38.50 | 0.43 | |||
and | 162.50 | 181.25 | 18.75 | 0.44 | |||
and | 262.00 | 277.65 | 15.65 | 0.83 | |||
BR-041 | 58.00 | 68.00 | 10.00 | 0.66 | 22100 | BR | |
and | 72.60 | 146.60 | 74.00 | 0.67 | |||
including | 107.00 | 114.50 | 7.50 | 1.28 | |||
and | 243.00 | 247.50 | 4.50 | 1.05 | |||
BR-042 | 217.70 | 259.50 | 41.80 | 1.13 | 22100 | BR | |
including | 217.70 | 221.20 | 3.50 | 6.69 | |||
and | 264.60 | 302.55 | 37.95 | 1.13 | |||
including | 277.20 | 293.30 | 16.10 | 2.10 | |||
BR-047 | 195.20 | 226.75 | 31.55 | 0.54 | 21900 | BR | |
and | 293.10 | 311.70 | 18.60 | 0.31 | |||
and | 324.00 | 337.85 | 13.85 | 0.29 | |||
BR-060 | 140.35 | 154.00 | 13.65 | 0.12 | 20100 | Auro | |
and | 244.00 | 276.00 | 32.00 | 0.31 | |||
and | 284.00 | 333.00 | 49.00 | 1.74 | |||
including | 295.00 | 311.00 | 16.00 | 3.82 | |||
and including | 302.00 | 311.00 | 9.00 | 6.30 | |||
and including | 306.70 | 311.00 | 4.30 | 11.95 | |||
and | 417.60 | 418.70 | 1.10 | 3.52 | |||
BR-065 | 145.00 | 148.00 | 3.00 | 1.79 | 19850 | Auro | |
and | 152.60 | 160.60 | 8.00 | 0.79 | |||
and | 182.35 | 194.00 | 11.65 | 1.68 | |||
and | 186.80 | 187.50 | 0.70 | 10.69 | |||
and | 228.70 | 243.40 | 14.70 | 2.34 | |||
including | 236.40 | 241.20 | 4.80 | 6.32 | |||
and | 251.60 | 260.30 | 8.70 | 48.67 | |||
including | 252.55 | 256.90 | 4.35 | 97.00 | |||
and including | 252.55 | 256.30 | 3.75 | 112.15 | |||
and including | 253.60 | 254.80 | 1.20 | 241.88 | |||
and | 380.80 | 384.40 | 3.60 | 1.17 | |||
including | 382.10 | 383.10 | 1.00 | 3.65 | |||
BR-074 | 16.60 | 57.00 | 40.40 | 0.36 | 21150 | Gap | |
and | 80.00 | 88.60 | 8.60 | 0.53 | |||
BR-075 | 55.00 | 59.15 | 4.15 | 16.80 | 21150 | Gap | |
and | 125.25 | 170.80 | 45.55 | 1.25 | |||
including | 132.25 | 151.50 | 19.25 | 2.05 | |||
and including | 139.25 | 144.15 | 4.90 | 5.30 |
*Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts. Average widths are calculated using a 0.10 g/t gold cut-off grade with < 3 m of internal dilution of zero grade.
The photos are of selected intervals and are not representative of the mineralization hosted on the property
ABOUT THE DIXIE PROJECT
The Dixie Project is 100% owned and consists of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake (15minute drive), Ontario. The project is accessible year-round via a paved highway (which runs the length of the northern claim boundary) and a network of well-maintained logging roads.
The Dixie property hosts two principle styles of gold mineralization:
About Great Bear
Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration. Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 300 km2 of highly prospective tenure across 4 projects: the flagship Dixie Project (100% owned), the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), and the Sobel Property (earning a 100% interest), all of which are accessible year-round through existing roads.
QA/QC and Core Sampling Protocols
Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab. Selected samples are also chosen for duplicate assay from the coarse reject of the original sample. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program. No QAQC issues were noted with the results reported herein. Drill hole location information is provided below:
Drill Hole | Easting | Northing | Elevation (m) | Dip | Azimuth |
BR-038 | 457154 | 5634131 | 355.94 | -52.9 | 213 |
BR-039 | 457088 | 5634011 | 357.85 | -53.3 | 212 |
BR-041 | 455693 | 5635045 | 374.70 | -55.3 | 225 |
BR-042 | 455768 | 5635123 | 374.73 | -55.0 | 225 |
BR-047 | 455754 | 5634703 | 373.62 | -52.0 | 39 |
BR-060 | 457508 | 5634126 | 359.90 | -58.4 | 209 |
BR-065 | 457602 | 5634013 | 352.88 | -55.2 | 205 |
BR-074 | 456439 | 5634357 | 359.41 | -55.3 | 220 |
BR-075 | 456503 | 5634455 | 360.31 | -55.0 | 220 |
Qualified Person and NI 43-101 Disclosure
Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
Figure 1: Map of current drill results at the Dixie property (CNW Group/Great Bear Resources Ltd.)
Figure 2: Cross section 21150 looking northwest, the first drill section completed into the Gap zone. (CNW Group/Great Bear Resources Ltd.)
Figure 3: Cross section 19950 looking northwest; showing the most recent Auro zone drill results. (CNW Group/Great Bear Resources Ltd.)
Figure 4: Example of high-grade disseminated visible gold mineralization from Auro drill hole BR-065. (CNW Group/Great Bear Resources Ltd.)
Figure 5: Historical drill core from drill hole DL-2006-01 which yielded historically un-assayed visible gold in the Auro zone. (CNW Group/Great Bear Resources Ltd.)
Figure 6: Cross section 22100 looking northwest showing the most recent drill results from the Bear-Rimini zone. (CNW Group/Great Bear Resources Ltd.)
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