Saturday, August 23, 2025

Great Bear Resources Finds New Gold Zone At Dixie, Conducts Deepest Drilling To Date

Great Bear Resources (TSXV: GBR) this morning released further results from its currently ongoing drill program at its Dixie Project in the Red Lake district. The latest results has shown gold mineralization expanding at depth, with an increasing number of high grade gold intervals being found within the halos of moderate gold grades.

Further, a new gold zone was discovered adjacent to the LP Fault zone which is currently being explored. That zone is approximately 750 metres deep.

Great Bear was quick to highlight that it apparently hit a sizable gold internval, with 559 grams per tonne gold being found over a 0.50 metre interval, which was in a total mineralized interval of 4.07 g/t gold over 80.50 metres. Included in this interval is the widest high grade gold interval found within the zone to date, which consists of 10.06 g/t gold over 31.25 metres. This finding was at the deepest drill hole to date, and occurred at 404.50 metres.

Further, given that this was the deepest drilling completed to date on the LP Fault gold zone, the company has stated it has found a new zone altogether in the hanging wall of the LP fault. This zone was found along 867 to 877 metres down hole, at a vertical depth of 750 metres.

Figure 4: Drill section 20650 showing BR-140 and BR-141. The new hanging wall zone hosted by mafic rocks is shown at depth adjacent to the LP Fault zone. (CNW Group/Great Bear Resources Ltd.)

The new zone is stated to be immediately adjacent to the LP fault, with assays of 7.20 g/t gold over 1.50 metres. Future drilling on the LP fault zone will now include similar drill holes that are to penetrate the LP faults hanging wall at depth. This will enable to company to test for extensions to the new zone.

In total, approximately 180 drill holes remain to be drilled in the 2020 exploration program at the LP Fault zone. Great Bear intends to complete additional drilling at other zones within the Dixie property, including Dixie Limb, Hinge, and Arrow zones.

Full data on the recently released assays can be found within Great Bear’s press release, found here.

Great Bear Resources last traded at $17.61 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.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Grande Portage Hits 20.70 G/T Gold Over 3.22 Metres At Herbert Gold Project

Further assay results have been released by Grande Portage Resources (TSXV: GPG) related to its...

Tuesday, November 24, 2020, 09:20:04 AM

Central Banks Adjust Gold Reserves: Who’s Buying, Who’s Selling

The global gold market experienced significant shifts in June, with several countries reporting notable changes...

Thursday, August 8, 2024, 03:03:00 PM

Midas Gold Sees CEO Step Down, Directors Replaced

Midas Gold (TSX: MAX) shareholders this morning are waking up to the news that the...

Friday, December 4, 2020, 08:23:25 AM

Precipitate Gold: Community Objections Halt Drill Program

On February 25, Precipitate Gold Corp. (TSXV: PRG) paused the planned 10-hole, 2,000-meter maiden diamond...

Sunday, March 7, 2021, 09:00:00 AM

AUX Resources Sees Eric Sprott Invest $2.0 Million In Company Following Assay Results

It appears that certain big name investors took notice of the excellent drill results posted...

Thursday, February 11, 2021, 06:43:16 PM