Great Bear Resources (TSXV: GBR) this morning released further drilling results from its ongoing program at its flagship Dixie Project within the Red Lake district. A total of eighteen additional drill holes were released from that LP Fault, which largely target bulk tonnage.
Highlight results from the program continued to be much of the same for the property, with a number of strong results being reported. Assays from the latest program include the following.
- BR-321: 2.10 g/t gold over 49.25 metres, including 29.52 g/t gold over 2.50 metres
- BR-311: 3.85 g/t gold over 32.25 metres, including 61.20 g/t gold over 1.10 metres
- BR-288: 1.27 g/t gold over 38.25 metres
- BR-310: 4.19 g/t gold over 14.80 metres
The company indicated that much of the results released this morning targeted the bulk-tonnage, lower grade envelope that surrounds the high grade domains at the fault. The company deemed the results as “important for future bulk tonnage gold mineral resource estimation” as a result.
Following this theme, Great Bear provided commentary on the high-grade domains that exist within the zone, indicating there are a total of 17 domains that span a strike of 4.2 kilometres across eight larger lower grade domains. Drilling to date has largely been focused on intersecting these high grade domains at 40 – 50 metre spacing, with drilling now nearing completion for near-surface portions of all these domains. Drilling is slated to be completed by year end.
A total of 318 drill holes of the targeted 400 holes for year end have now been released by the company.
Great Bear Resources last traded at $16.39 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.
