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News Update


Explorer Hits New Subzone at Red Lake District Gold Project
News Update

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The company reported the latest results from its in-progress drill program.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it drilled a new, shallow, high-grade gold subzone of the Hinge zone of its Dixie project in Ontario's Red Lake District.

This news is part of the recently reported drill results from both the Hinge and the Dixie Limb zones.

As for those, drilling at Hinge intersected 30.81 grams per ton (30.81 g/t) gold over 2.50 meters (2.5m) within a broader zone of 7.40 g/t gold over 13.2m, at a 68m vertical depth. The new subzone, tested to about 140m from surface, showed 20.41 g/t gold over 2.2m within a wide interval of 2.07 g/t gold over 29.8m.

"Gold-bearing quartz veins are strongly developed adjacent to a newly defined sediment contact within the same high-iron, tholeiitic pillow basalt that hosts the original Hinge zone discovery," the release described.

Regarding the Dixie Limb zone, drilling demonstrated 21.54 g/t gold over 2.35m within a broader interval of 9.68 g/t gold over 5.6m. "Drilling continues to encounter high-grade gold intervals near the predicted intersections of Hinge zone-style, gold-bearing veins with the Dixie Limb contact," noted the release.

Chris Taylor, president and CEO of Great Bear, said, "The one-year anniversary of our Hinge Zone discovery is marked by the discovery of a new shallow high-grade gold zone located west of, and above, the majority of our Hinge drilling to-date. Concurrently, high-grade gold continues to be drilled at predicted structural intersections in the Dixie Limb. Presently, all three drill rigs are deployed at various targets along the LP Fault. It would have been difficult to imagine last summer just how much progress we would make in only one year. The most exciting aspect of the Dixie project is that the pace of discovery has continued to accelerate, and we look forward to what our fully funded drill campaign will continue to yield through 2019 and 2020.”


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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