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Explorer's Drilling Merges Three Zones into One at Red Lake Project in Canada
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This is because the trio shares similar and correlatable geology and/or mineralization styles.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release that it determined the Bear-Rimini, Auro and Yuma zones at Dixie all are part of a continuous mineralized system, one which spans kilometers of strike length and remains open along strike and at depth. The company, however, will continue to use the subzone names for geographic reference.

Great Bear also announced the results of two additional Auro zone drill holes, BR-021 and BR-022. Significant intercepts from BR-021 included 2.72 grams per ton (2.72 g/t) gold over 1 meter (1m) at a 50m vertical depth and 13.5m of 1.07 g/t gold at an 80m vertical depth. Those from BR-022 included 100.48 g/t gold over 0.5m, within 14.9 g/t gold over 3.55m, hosted within a broader interval of 41m of 2.09 g/t gold. Auro zone gold mineralization remains open in all directions.

Further, the Canadian explorer indicated that it completed 14 drill fences along 3.2 kilometers (3.2 km) of strike length of the LP fault, drilling one to three holes per fence, about 50–800m apart. Most of those results are pending.

Looking forward, Great Bear intends to drill 100m–1km stepouts along about 18 km of the strike length of the LP Fault, between now and summer 2020. With $18 million in cash, the firm is fully funded for the program. Great Bear states that it will continue giving regular drilling updates throughout the remainder of 2019 and through 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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