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News Update


Explorer's Latest Red Lake Drill Results Include New Zone, Best Assay
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These findings are from the ongoing 200,000m drill testing at its Ontario project.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release that at its Dixie project in Ontario's Red Lake it drilled a new zone and, in another, existing zone, intercepted its best assay yet.

The new zone, dubbed Gap, comprises the 1 kilometer (1 km) long area between the Bear-Rimini and Yuma zones and was the only untested area along the drill tested 4 km of the LP Fault zone.

Drilling in the Gap zone hit 16.8 grams per ton (16.8 g/t) gold over 4.15 meters (4.15m) and 1.25 g/t gold over 45.5m. "Gold was hosted by on-strike extensions of the felsic volcanic geology and quartz-sericite-albite alteration seen in the adjacent zones," the release described. Further assays from Gap are pending.

Cumulative results from drilling thus far along the LP Fault suggested the gold mineralization and host geology there are continuous along the drilled segment, the company noted.

As for new results from the Auro zone, they highlighted the best assay drilled there thus far. From hole BR-065, it was 48.67 g/t gold over 8.7m, including 241.88 g/t gold over 1.2m.

Regarding Bear-Rimini, the drill section delineated a zone of continuous mineralization from near surface to a vertical depth of about 400m. Of the two holes drilled there, BR-042 returned 1.13 g/t gold over 41.8m, including 6.69 g/t gold over 3.5m. A second interval, separated by a 5.1m area of no mineralization, demonstrated 1.13 g/t gold over 37.95m.

Hole BR-041 hit various zones, with returned assays including 0.66 g/t gold over 10m, 0.67 g/t gold over 74m and 1.05 g/t gold over 4.5m.

Great Bear intends to further drill the LP Fault in 2020, specifically 12 km of the 18 km long target.

"With the discovery of high-grade gold mineralization in the new Gap area, the last significant undrilled segment of the LP Fault between the Bear-Rimini and Viggo zones is being successfully filled," Chris Taylor, CEO of Great Bear, said. "Remarkably, all (100%) of the drill holes completed into the LP Fault structure to-date have intersected similar gold mineralization and host geology. Results continue to support continuity of gold mineralization along more than 4 kilometers, which remains open along strike and at depth Our drilling strategy for 2020 is threefold: 1) We plan to continue the discovery process through drill-testing of new targets across the project, 2) we plan to continue significant step-out drilling over 12 kilometers of the 18 kilomeere LP Fault, and 3) we will undertake concurrent closely spaced drilling in areas where we have already successfully intersected gold."


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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