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News Update


Explorer Hits Significant Expansion of Mineralized Zone at Red Lake Project
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Drill results suggest the zone has ample depth potential and gold mineralization continuity.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) reported in a news release it hit upon a significant expansion of the Hinge zone at Dixie in Ontario's Red Lake District.

On drilling, the gold explorer encountered more high-grade gold mineralization 440 meters (440m) downplunge from the surface and 150m downplunge of the closest, previously reported high-grade intercept.

All of the 11 recent drill holes intersected from one to five gold-bearing quartz veins.

Hole DHZ-042 hit 3m of 23.21 grams per ton gold (23.21 g/t Au), including 1m of 50.66 g/t Au at a 229m vertical depth. Hole DL-048 intersected 3.9m of 18.09 g/t Au, including 1m of 69.97 g/t Au at a 342m vertical depth.

"Results suggest the Hinge zone projects from near-surface with significant depth potential, and contains a high degree of continuity of gold mineralization within its extensive vein network," President and CEO Chris Taylor said in the release.

Great Bear reported it will follow up these results this year by testing the continuity down to increasing depths. It also will drill more deeply and along strike into what are thought to be at least six other gold zones featuring similar plunges to those along the 500m strike length of the already drilled, Hinge zone vein swarm.


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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