Great Bear Resources (TSXV: GBR) released further drill results this morning as a part of its ongoing 2020 exploration program at its flagship Dixie Project in Red Lake, Ontario. The company announced this morning that it had discovered a new zone, referred to as the “Arrow Zone”, which featured mineralization of 19.32 grams per tonne gold over 2.10 metres, which was within 3.0 grams per tonne gold over 15.00 metres.
The new zone is stated to be fifteen metres wide, located one kilometre was of the firms Hinge zone. Veins in the zone are stated to be similar to the characteristics of the Hinge zone as well, along with the high grade zone of the Red Lake Gold Mine. The new finding is stated to support the ongoing potential for discoveries at the Dixie project.
Highlights of the recent drilling include 19.32 g/t gold over 2.10 metres, which includes 50.00 g/t gold over 0.75 metres within a broader interval of 3.00 g/t gold over 15.00 metres. Furthermore, 3 mineralization intervals were found along a core length of 435.55 metres.
Full details of the results can be found here.
Great Bear Resources last traded at $12.91 on the TSX Venture.
Information for this briefing was found via Sedar, and Great Bear Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
Bank Of America Lowers Gold Price Target To $2000? – The Daily Dive feat John-Mark Staude
Returning to the Daily Dive today is that of John-Mark Staude of Riverside Resources (TSXV:...