Great Bear Resources (TSXV: GBR) this morning released further results from its ongoing drill program at its Dixie Project in Red Lake. Highlights from the latest round of assay results come from the northwest portion of the LP Fault zone, where the company encountered 25.12 g/t gold over 4.25 metres in hole BR-271.
Drill results from a total of seven holes were released this morning, all of which come from this northwestern portion of the LP Fault. Four of the holes were along a 200 metre long previously undrilled segment, where the company encountered new high grade mineralization in addition to the bulk tonnage expected. All seven holes meanwhile were from a 250 metre strike length segment of the fault.
The region being drilled was previously referred to as the Bear-Rimini or Discovery Zone, which is where the LP Fault discovery drill hole was first drilled in 2019 when the company first found the fault.
Great Bear Resources last traded at $16.85 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.