Great Bear Resources Ltd. (TSX-V: GBR) (OTCQX: GTBAF) reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.
Chris Taylor, President and CEO of Great Bear said, “These results again demonstrate the exceptional grade potential and predictability of the LP Fault’s near surface bulk tonnage gold mineralization. Notably, drill hole BR-166 intersected two wide zones of higher-grade gold mineralization, which combined averaged 3.76 g/t over a total of 103.4 metres at a vertical depth of 95 – 210 metres. Additionally, the best interval drilled along the eastern portion of the LP Fault grid to date was intersected in drill hole BR-180, which assayed 88.70 g/t gold over 1.35 metres.”
Dixie Project Highlights Include:
Table 1: Current LP Fault drill results. Drill sections are arranged from southeast (top of Table) to northwest (bottom of Table).
|Drill Hole||From (m)||To (m)||Width* (m)||Gold (g/t)||Section|
*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 up to 3 m of internal dilution of zero grade.
Updated drill collar locations, azimuths and dips, together with an updated complete assay table for the LP Fault drilling to-date will be posted to the Company’s web site at www.greatbearresources.ca. Drill collar locations, azimuths and dips for the drill holes included in this release are provided in the table below:
Figure 1: Inclined plan view of drill results to date.
Figure 2: Updated long section of LP Fault to date, showing highlighted assay intervals from BR-166 to the right of the section (Top right: 19.78 g/t gold over 8.90 m. Bottom right: 18.81 g/t gold over 8.20 m).
Figure 3: Drill section 18850 showing near-surface mineralization in drill hole BR-181 and high-grade mineralization in drill hole BR-180 assaying 88.70 g/t gold over 1.35 metres. Results are from the sparsely drilled eastern 1.4 kilometres of the current grid drill program.
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 principal 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 Activation Laboratories in Ontario, an accredited mineral analysis laboratory, 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.
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: Inclined plan view of drill results to date. (CNW Group/Great Bear Resources Ltd.)
Figure 2: Updated long section of LP Fault to date, showing highlighted assay intervals from BR-166 to the right of the section (Top right: 19.78 g/t gold over 8.90 m. Bottom right: 18.81 g/t gold over 8.20 m). (CNW Group/Great Bear Resources Ltd.)
Figure 3: Drill section 18850 showing near-surface mineralization in drill hole BR-181 and high-grade mineralization in drill hole BR-180 assaying 88.70 g/t gold over 1.35 metres. Results are from the sparsely drilled eastern 1.4 kilometres of the current grid drill program. (CNW Group/Great Bear Resources Ltd.)
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