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TICKERS: GBR; GTBDF

Firm Employs Drilling and Geo Surveys to Explore Faults at Red Lake Project
News Update

Source:

Results from those activities, which are pending, will inform additional drilling.

Dixie Lake, Red Lake District

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) provided in a news release an update on its current, ongoing exploration efforts at its Dixie project in Ontario's Red Lake District.

While the company awaits backlogged assays, it is exploring the LP Fault. All three rigs are currently drilling there. The LP Fault is a "major crustal-scale deformation zone," that hosts Bear-Rimini and Yuma, the newly identified zones at Dixie, according to the release. "This structure is a major interpreted gold mineralization control that traverses the Dixie claims along approximately 18 kilometers of strike length."

However, the prospective area of the LP Fault and North Fault is about 50 square kilometers, too expansive for only drilling. Also, the bedrock there is primarily covered by a thin, 2–10 meter deep layer of glacial till and therefore cannot be mapped directly.

So to identify drill targets beneath the cover, Great Bear employed a new geochemical survey technique called spaciotemporal geochemical hydrocarbon (SGH), which "could accelerate our exploration of this exciting new discovery," President and CEO Chris Taylor said in the release.

In one SGH survey done in June and July, Great Bear took 2,100 samples over a 4 kilometer (4 km) strike length and a 1 km width of the LP Fault and North Fault. Results, due out in four to six weeks, will be used to inform ongoing drilling. If the results show the presence of bedrock gold mineralization along the LP and North Faults, the company will survey more of the 18 km strike length of the new targets.

Through a previous SGH survey in May, a 145 sample test and orientation survey across the Hinge and Dixie Limb zones, the company identified gold mineralization underneath the glacial till.

Drill results from the Bear-Rimini, Yuma, Hinge, Dixie Limb and DNE targets are pending.

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Disclosure:
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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