Great Bear Resources Releases Further Assays at Dixie, Highlights 81.22 G/T Gold Over 10.50 Metres

Great Bear Resources (TSXV: GBR) continued its slow release of assay results from its ongoing exploration program at its flagship Dixie property this morning. Today’s highlight consists of 81.22 grams per tonne (g/t) gold over 10.50 metres at the LP fault, with the drilling conducted in two new drill sections of a undrilled 150 metre long section of the fault.

A total of 126 of the 300 planned holes have been completed thus far in the 2020 exploration program at Dixie, with CEO Chris Taylor announcing this morning that a new, updated geological model is being built to account for the majority of the high grade mineralization found. The updated model is a result of the LP fault showing that it contains “several discrete foliational parallel zones of higher grade gold mineralization with generally steeply-dipping planar geometries,” within a broad and laterally continuous zone. The fault is said to contain two zones: the “upper vein zone” and the “high strain zone.”

Highlights from the ongoing exploration program that haven’t been previously announced by Great Bear include:

  • 209.42 g/t gold over 3.95 meters, within 81.22 g/t gold over 10.50 metres in drill hole BR-146.
  • 9.34 g/t gold over 4.55 metres within 3.24 g/t gold over 21.00 metres, as well as 70.60 g/t gold over 0.50 metres within 1.50 g/t gold over 24.00 metres in hole BR-143.
  • 23.45 g/t gold over 8.80 meters within 3.73 g/t gold over 65.00 metres in hole BR-144.

A total of six drill holes saw their assay data released this morning. Further data can be found here.

Great Bear Resources last traded at $16.98 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Secures Two Additional Exploration Licenses For Flagship Project

First Majestic Posts Record Quarterly Silver Production In Q3

Related News

Gold Prices Soar As Chinese Consumers And Central Banks Drive Demand

The price of gold has surged to record highs this year, largely driven by strong...

Monday, May 6, 2024, 03:01:00 PM

Trillium Gold Mines Closes $13.0 Million Financing

Trillium Gold Mines (TSXV: TGM) has closed its previously announced private placement for gross proceeds...

Monday, October 5, 2020, 08:44:31 AM

Kirkland Lake To Sell Off Majority Of Stake In Novo Resources For $45.3 Million

Kirkland Lake Gold (TSX: KL) this morning announced that it is looking to dispose of...

Thursday, November 26, 2020, 08:23:21 AM

New Found Gold Expands Current Drilling To $35 Million, 200,000 Metre Program

New Found Gold (TSXV: NFG) is starting off 2021 strong by announcing a doubling in...

Wednesday, January 6, 2021, 08:05:27 AM

Newlox Gold Identifies Three Prospective Brazil Plant Locations

Newlox Gold Ventures (CSE: LUX) continues to keep an eye focused on growth. The firm...

Thursday, July 8, 2021, 07:52:30 AM