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Great Bear Drills 10.58 g/t Gold Over 21.00 m; Initiates 5 Kilometre Grid Drill Program at LP Fault; Mobilizes Fifth Drill Rig

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Great Bear Drills 10.58 g/t Gold Over 21.00 m; Initiates 5 Kilometre Grid Drill Program at LP Fault; Mobilizes Fifth Drill Rig

 

 

 

 

 

Great Bear Resources Ltd. (TSX-V: GBR) 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 1A 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.  Table 1 and Figure 2
  • 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.  Figure 3.
  • 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.  Figure 4.

 

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.

 

Chris Taylor, President and CEO of Great Bear said, “We now interpret a continuous gold-mineralized zone along more than four kilometres of strike length of the LP Fault, which remains open to extension.  Assay results, geology, and oriented structural data suggest the zone hosts steeply-dipping ‘sheets’ of disseminated high-grade gold mineralization with significant strike length and vertical extent.  More detailed drilling is required to accurately delineate the geometries of these high-grade ‘sheets’ and the boundaries of the surrounding mineralized envelope.  While the total LP Fault target is many times larger (Zeng and Calvert, 2006; 14 kilometres deep and 20+ kilometres in length based on seismic data), we’ve selected a 2.5 square kilometre section, 5 kilometres long by 500 metres deep, for grid drilling during 2020.  This will help characterize the gold mineralized system in preparation for more advanced studies in 2021 and has the potential to unlock significant potential additional value for our shareholders.  We will also continue property wide drill testing of new targets, including further step-outs on the LP Fault.”

 

Table 1: Most recent results from drilling of the LP Fault.

 

 

Drill Hole   From (m) To (m) Width* (m) Gold (g/t) Section
BR-023   490.00 495.00 5.00 0.52 20200
BR-033   390.15 408.60 18.45 0.26 21800
and 427.50 431.00 3.50 1.05
and 442.05 452.00 9.95 0.57
including 449.30 451.50 2.20 2.00
BR-050   267.90 274.00 6.10 1.25 18900
including 271.00 271.50 0.50 4.95
BR-051   451.00 456.50 5.50 4.00 18900
including 455.50 456.50 1.00 12.91
and including 456.00 456.50 0.50 25.13
BR-057   222.80 238.15 15.35 2.09 18750
including 232.00 235.50 3.50 7.35
and including 232.50 233.00 0.50 38.03
BR-058   140.00 145.50 5.50 0.60 18550
and 166.15 168.20 2.05 4.20
BR-059   484.50 488.50 4.00 1.14 18550
BR-061   15.00 23.00 8.00 0.53 19750
and 28.00 29.70 1.70 2.29
and 107.00 113.00 6.00 0.46
and 165.00 170.00 5.00 0.61
and 270.90 273.00 2.10 1.01
and 366.00 370.50 4.50 0.54
BR-062   197.00 206.00 9.00 0.46 19750
and 256.00 264.00 8.00 1.09
and 272.00 274.00 2.00 2.11
and 404.95 407.00 2.05 1.11
BR-063   149.00 154.00 5.00 0.49 19550
and 348.00 351.00 3.00 0.93
BR-064   271.00 279.20 8.20 2.46 19550
including 277.30 278.70 1.40 13.50
and 481.50 484.40 2.90 1.20
BR-066   299.40 340.50 41.10 0.72 20400
including 299.40 311.00 11.60 1.11
and 516.00 519.00 3.00 1.72
and 531.50 557.10 25.60 0.28
BR-067   259.00 280.50 21.50 0.53 20600
and 296.00 317.00 21.00 3.35
including 310.00 316.00 6.00 10.95
and including 311.50 314.00 2.50 19.38
and 321.00 393.00 72.00 0.53
and 411.00 449.00 38.00 0.22
and 573.40 584.80 11.40 0.68
and 678.40 716.30 37.90 0.35
BR-068   355.40 382.00 26.60 8.45 20750
including 357.90 379.00 21.10 10.58
and including 357.90 360.65 2.75 16.74
and including 370.00 375.10 5.10 33.30
and including 370.00 373.25 3.25 48.98
and including 372.75 373.25 0.50 195.00
and 406.30 437.70 31.40 1.07
and including 416.20 424.20 8.00 3.24
and 450.65 452.00 1.35 10.99

 

 

*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.

A map view of currently completed drill fences is provided in Figure 6. The locations of the cross sections provided in the previous figures are highlighted.

 

In order to place significant previously disclosed drill results in spatial context, Table 2 provides section location information for twenty previously disclosed drill holes with highlighted gold intercepts. These intervals are also shown visually in long section format in Figure 1.

 

The Company will post a complete table of all disclosed drill holes with highlighted intervals from the LP Fault including section information, drill collar locations, azimuths and dips on the Company’s web site at: www.greatbearresources.ca.

 

Table 3 provides drill collar location, azimuth and dip information for the newly reported drill holes included in this release.  

 

Table 2: Highlighted intervals from twenty previously released drill holes along the LP Fault, with section location numbers included for reference.

 

 

Drill Hole   From (m) To (m) Width* (m) Gold (g/t) Section
BR-003   119.00 212.05 93.05 0.53 22375
BR-004   164.70 205.50 40.80 1.00 22375
BR-012 and 208.00 288.00 80.00 0.60 22375
BR-018   270.20 314.60 44.40 1.05 22250
BR-019   119.00 167.90 48.90 0.73 22250
BR-020   81.00 134.70 53.70 4.20 20100
BR-020 including 90.00 132.00 42.00 5.28  
BR-020 and including 90.75 108.00 17.25 10.65  
BR-020 and including 90.75 94.00 3.25 48.08  
BR-020 and including 90.75 92.25 1.50 101.71  
BR-021   70.00 77.00 7.00 6.21 20250
BR-021 including 70.00 71.00 1.00 42.72  
BR-022   461.60 512.00 50.40 1.78  
BR-022 including 471.00 512.00 41.00 2.09  
BR-022 and including 505.20 508.75 3.55 14.90  
BR-022 and including 506.20 506.70 0.50 100.48  
BR-035   234.50 273.00 38.50 1.77 20750
BR-035 including 244.50 270.50 26.00 2.55  
BR-035 and including 261.00 270.50 9.50 6.02  
BR-035 and including 268.00 270.50 2.50 15.02  
BR-035 and 289.70 345.80 56.10 1.26  
BR-035 and including 340.50 345.80 5.30 9.20  
BR-036   55.60 93.00 37.40 5.14 20600
BR-036 including 58.80 77.00 18.20 10.32  
BR-036 and including 63.30 66.60 3.30 21.33  
BR-036 and including 71.85 76.00 4.15 22.74  
BR-036 and including 71.85 74.50 2.65 32.00  
BR-037   68.50 74.50 6.00 16.60 20600
BR-037 including 68.50 70.80 2.30 28.61  
BR-037 and 86.00 152.20 66.20 2.01  
BR-037 including 89.97 91.70 1.73 35.96  
BR-037 and including 89.97 90.47 0.50 111.84  
BR-037 and 189.00 214.25 25.25 5.60  
BR-037 and including 206.15 214.25 8.10 13.73  
BR-037 and including 206.65 210.10 3.45 30.66  
BR-037 and including 206.65 208.25 1.60 59.05  
BR-040   360.50 432.10 71.60 1.39 22250
BR-040 including 401.30 422.00 20.70 2.22  
BR-041 and 72.60 146.60 74.00 0.67 21950
BR-042   217.70 259.50 41.80 1.13 21950
BR-042 and 264.60 302.55 37.95 1.13  
BR-043   318.50 443.90 125.40 1.08 21950
BR-043 including 348.00 437.80 189.80 1.31  
BR-045   287.45 323.00 35.55 1.05  
BR-060   284.00 333.00 49.00 1.74  
BR-060 including 295.00 311.00 16.00 3.82 20100
BR-060 and including 302.00 311.00 9.00 6.30  
BR-060 and including 306.70 311.00 4.30 11.95  
BR-065 and 251.60 260.30 8.70 48.67 19950
BR-065 including 252.55 256.90 4.35 97.00  
BR-065 and including 252.55 256.30 3.75 112.15  
BR-065 and including 253.60 254.80 1.20 241.88  
BR-075   55.00 59.15 4.15 16.80 21150
BR-075 and 125.25 170.80 45.55 1.25  
BR-075 including 132.25 151.50 19.25 2.05  
DNW-011   58.00 60.00 2.00 194.21 22375
DNW-011 including 58.00 58.50 0.50 759.38  
DNW-011   72.50 93.00 20.50 8.48  
DNW-011 including 75.00 89.00 14.00 12.33  
DNW-011 and including 75.95 80.55 4.60 19.33  
DNW-011 and including 78.45 80.55 2.10 60.27  
DNW-011 and including 78.45 79.55 1.10 98.78  
DNW-011 and including 78.95 79.55 0.60 130.97  
DNW-011 and 98.00 169.60 71.60 0.60  
DNW-011 including 119.00 169.60 50.60 0.74  

 

 

*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.

 

Table 3: Drill hole information for new drill results reported in this release. UTM NAD 83.

 

 

Hole ID Easting Northing Elevation (m) Dip Azimuth
BR-023 457357 5634139 356 -55 205
BR-033 456118 5635007 371 -49 215
BR-050 458605 5633677 357 -50 216
BR-051 458725 5633836 358 -50 216
BR-057 458749 5633559 360 -50 213
BR-058 458897 5633419 365 -50 215
BR-059 459069 5633672 350 -50 215
BR-061 457739 5633841 365 -55 216
BR-062 457856 5634014 363 -55 216
BR-063 457938 5633777 364 -55 214
BR-064 458033 5633913 368 -55 216
BR-066 457263 5634327 355 -53 213
BR-067 457097 5634338 356 -60 213
BR-068 457018 5634402 357 -58 217

 

 

ABOUT THE DIXIE PROJECT

 

The Dixie Project is 100% owned, comprised 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, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

 

The Dixie Project hosts two principle styles of gold mineralization:

 

  • High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb and Hinge). Hosted by mafic volcanic rocks, and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  • High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault).  The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.

 

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:

 

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.

Posted February 14, 2020

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