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.
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.