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News Update


Drilling Reveals New Occurrences of Gold Mineralization
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These instances are located outside of previously drilled areas at Great Bear Resources' project in the Red Lake District.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) reported in a news release the progress it has made with its $21 million exploration program and its predictive modeling of gold mineralization at the LP Fault zone, at its Dixie project in Ontario's Red Lake District.

As for its ongoing regional exploration, Great Bear drilled 13 reconnaissance holes outside of previously drilled areas across 11 kilometers of the property. Nine of those holes showed six new occurrences of highly anomalous gold mineralization, specifically "highly deformed metasedimentary rocks (LP Fault style) and quartz vein systems (Hinge zone style)," according to the release.

"We now need to drill in the vicinity of these new occurrences to determine if and where high-grade gold is present, and whether these occurrences are connected," President and CEO Chris Taylor said in the release.

Other efforts by Great Bear include an airborne electromagnetic survey over the Dixie property, which identified new regional exploration drill targets. Environmental baseline studies at the property began and are continuing. The company retained consultants to help with preliminary metallurgical testing.

Regarding the modeling, Great Bear identified significant geological controls to the distribution of the high-grade gold mineralization along the LP Fault. The mineralization occurs in near a "steeply-dipping felsic volcanic/metasedimentary contact," the release noted. "This gold mineralization control provides a laterally and vertically extensive, sheet-like contact that can be targeted with ongoing drilling, and will be important to ongoing modeling of the LP Fault zone."

To assist with the modeling, Great Bear contracted with James Gray, an independent consultant experienced in resource definition drilling and geological modeling.


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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