Great Bear Resources (TSXV: GBR) has finally released further assays from its ongoing massive exploration program at its Dixie project in the Red Lake region of Ontario. Seven drill holes were released this morning from deep drilling of the LP Fault.
The deep drilling took place along 1.4 kilometres of strike at the LP fault, with results said to “establish significant continuity of both high-grade and bulk tonnage style gold over a broad area at depth, which remains open to extension in all directions,” as per Chris Taylor, the firms CEO.
Highlights from the drill program include:
- BR-385: 41.76 g/t gold over 5.15 metres, including 157.00 g/t gold over 1.2 metres
- BR-386: 2.21 g/t gold over 49.55 metres, including 16.92 g/t gold over 4.90 metres
- BR-411: 13.84 g/t gold over 3.15 metres
Mineralization was intersected at depths between 450 and 750 metres downhole, with drilling set to continue for 2.6 kilometres of additional strike. With the drilling not being infill drilling, they are said to “significantly extend gold mineralization to depth.”
The firm also released seventeen holes from shallow drilling across a strike length of 3.6 kilometres at the LP Fault. Drilling in this manner is being conducted ahead of a mineral resource estimate that is currently slated to be released in the first quarter of 2022.
Highlights from shallow drilling include:
- BR-379: 1.84 g/t gold over 28.05 metres
- BR-425: 1.09 g/t gold over 80.55 metres
- BR-443: 0.55 g/t gold over 66.20 metres
Phase 2 drilling at the project remains ongoing, with the company looking to expand the known mineralization at the zone by the end of next year.
Great Bear Resources last traded at $13.70 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.
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