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News Update


Explorer Makes Significant New Gold Discovery at Red Lake Project
News Update

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The Canadian company will drill this zone further in 2019.

Dixie Lake, Red Lake District

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release that through drilling, it made a new high-grade gold discovery, the Bear-Rimini zone, at its Dixie project in Ontario's Red Lake District. Bear-Rimini is 2.5 kilometers northwest of the Hinge zone.

Discovery drill hole DNW-011 hit on a new zone of shallow high-grade gold, called the LP fault, a target within Bear-Rimini. The LP fault, along with the North fault, a parallel structure, seems to transect the property for 18 km of strike length. "The fault marks a contact between mafic and felsic/intermediate rocks and is spatially associated with an 80–200m wide quartz sericite zone associated with highly anomalous to high-grade gold mineralization," President and CEO Chris Taylor said in the release.

Highlight assays from DNW-011 included 12.33 grams per ton (12.33 g/t) gold over 14 meters (14m), including 30.9 g/t gold over 4.6m along with 94.21 g/t gold over 2m, including 759.38 g/t gold over 0.5m multiple shallow gold zones near Bear-Rimini.

Great Bear will conduct additional drilling in the Bear-Rimini zone this year.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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