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TICKERS: GBR; GTBDF

Explorer Reports Results for Holes Drilled Between Red Lake Project's Subzones
News Update

Source:

Also, a geochemical survey identifies four new exploration targets.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) reported in a news release additional results from its ongoing drill program at its Dixie project in Ontario's Red Lake district.

Between the Bear-Rimini and Yuma subzones, hole BR-043 hit multiple gold intervals along 253.90 meters (253.9m) of core length, including 125m of 1.08 grams per ton (1.08 g/t) gold. Overall, assays demonstrated the gold mineralization there to be continuous, the company noted.

Between the Auro and Yuma subzones, hole BR-035 also intersected several gold intervals. Over 111.30m of core length, they included 15.02 g/t gold over 2.5m within a broader interval of 26m of 2.55 g/t gold.

"The gold mineralized system tends to increase in apparent width with increasing depth in most locations," the release noted.

Great Bear also reported developments concerning the LP fault. For one, the company has mapped, drilled and identified in historical drilling significant along-strike extensions of gold mineralization along 15 kilometers of the LP fault. As drill data from the LP fault become available, Great Bear updates its three-dimensional model of the area.

Also, four new drill targets on the LP fault were delineated through recently received results from the spaciotemporal geochemical hydrocarbon survey conducted along 4 km of the fault in the summer.

"We continue to intersect high-grade gold intervals with comparable widths and grades to what have been mined at the major high-grade deposits in Red Lake," President and CEO Chris Taylor said in the release. "However, these occur within wide envelopes of moderate to low grade gold mineralization, which we observe projecting to surface."

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