The Vancouver-based company intersected 31.3 grams per ton (g/t) gold over 20.6 metres including 576 g/t over 1 metre at the LP Fault on the flagship project, which is the highest grade interval at the zone to date.
Drill hole BR-137 was completed in a 90 metre gap in drilling and intersected multiple mineralized intervals along 258.4 metres of core length, with mineralization present at surface.
READ: Great Bear Resources intersects highest-grade and widest interval to date at LP Fault zone on its Dixie project
“Drill hole BR-137 has intersected the highest grade, widest gold interval at the LP Fault to date,” CEO Chris Taylor told investors in a statement Thursday.
“More importantly, all adjacent drill holes, both vertically on the same section and laterally along strike, are also strongly mineralized over significant widths, suggesting excellent continuity of high-grade gold mineralization.”
Earlier in the week Great Bear reported what was then the highest-grade interval from the LP Fault, a result of 30.5 grams per ton (g/t) gold over 12.4 metres, including 103.6 g/t gold over 1.1 metres within a broader interval of 15.5 g/t gold over 25.2 metres.
The Vancouver-based company is in the midst of a fully funded C$21 million exploration program at Dixie, which is located in the prolific mining region of Red Lake, Ontario. The company has completed 111 drill holes of a planned 300-hole program.
Other drill intercepts from the latest round of results include drill hole BR-138, which intersected the same mineralized zone around 50 to 75 metres vertically below BR-137. Assays include 33.8 g/t gold over 2.4 metres, including 100 g/t gold over 0.5 metres within a broader interval of 5.1 g/t gold over 26 metres. The total mineralized interval returned 3.5 g/t gold over 39 metres.
Further high grade gold was extended at depth on the adjacent drill section to the northwest, where drill hole BR-135 intersected 35.6 g/t gold over 2 metres within a broader interval of 5.2 g/t gold over 16.7 metres. Another drill hole intersected 24.2 g/t gold over 2.1 metres, which included 99.7 g/t gold over 0.5 metres within a broader interval of 3.4 g/t gold over 39 metres.
Around 185 drill holes remain as part of the company’s ongoing LP Fault drill program. More holes are planned for the Dixie Limb and Hinge zones.
Great Bear’s Dixie project is 100% owned and comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres in Red Lake.
Contact Angela at [email protected]
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Story by ProactiveInvestors
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