Great Bear Resources (TSXV: GBR) this morning released additional drill results from its ongoing exploration program at its Dixie Project. Results released consist of ten new drill holes conducted at the LP Fault that were conducted along 225 metres of strike length.
The highlight drill result comes from hole BR-238, where the company intersected 29.17 g/t gold over 15.50 metres at a depth of 41.80 metres. Also highlighted was hole BR-244, which encountered 18.08 g/t gold over 15.80 metres at a depth of 23.85 metres. Also encountered was 11.80 g/t gold over 0.65 metres in a new Hinge style vein to the southwest of the Hinge zone.
The company also revealed this morning that it is planning to complete systematic grid drilling at the Dixie Limb and Hinge Zones, with further details to be provided in the coming weeks. Drilling is to occur at depths of up to 800 metres, with the program to focus on maiden resource definition drilling.
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Regional exploration is also to occur on the property for up to 5% of total metres drilled, with ten widely spaced holes completed between 500 metres and 2000 metres to the northwest of the Dixie and Hinge zones. Gold bearing quartz veins were found in 9 of the ten holes, with values as high as 0.64 g/t gold encountered.
Full results from both the regional and LP Fault released this morning can be found here.
Great Bear Resources last traded at $14.41 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.
