Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has reported assays that returned broad intervals of near-surface gold mineralization from ten drill holes along the LP fault at the company’s wholly owned Dixie gold project, in Ontario’s Red Lake district.
The company continues to hit gold on 50-75-metre sections along a 5-km strike of the 18-km LP fault zone at Dixie.
Drill highlights include 40 metres of 4.61 grams gold per tonne starting at 117 metres and 64 metres of 3.22 grams gold per tonne from 222 metres in hole BR-166. Both intervals included higher-grade sections, such as a high-strain zone section, which returned 5 metres of 28.26 grams gold.
Drillhole BR-180 returned 1 metre of 88.7 grams gold from 238 metres, within an 18-metre long section of 6.92 grams gold. The 1-metre intercept, from the eastern kilometre of the current 5-km-long grid drill program, is “the best gold interval to date” from this section of the LP fault. Only 17 holes have been completed along the eastern zone to date.
“These results again demonstrate the exceptional grade potential and predictability of the LP fault’s near-surface bulk-tonnage gold mineralization,” Chris Taylor, Great Bear’s president and chief executive, said in a statement.
A $21-million, 110,000-metre exploration program is ongoing at Dixie. All of the 172 drill holes completed into the LP fault to date have returned gold mineralization.
There are two exploration targets at the 91.4-sq.-km Dixie property: mafic-rock hosted high-grade gold in quartz veins and replacement zones at the Dixie Limb and Hinge and Arrow zones, as well as felsic sediment and volcanic-hosted high-grade disseminated gold with broad envelopes at the LP fault.
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