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Great Bear Resources extends area of continuous gold mineralization at LP Fault, Dixie project by 25%

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Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A) reported more good drill results from its LP Fault target in Red Lake, where the area of drill-defined continuous gold mineralization has been extended by about 25% in this year alone. 

Assays today from 13 holes hail from the ongoing fully-funded C$45 million exploration program at the Dixie project in Ontario. 

READ: Great Bear Resources doubles vertical extent of LP Fault target at Dixie with latest holes

“Predictability is a trait that builds first-class mineral deposits, distinguishing the ‘best of the best’. With every week that goes by, we successfully expand and fill in the LP Fault zone precisely because of its impressive, predictable continuity,” said Chris Taylor, CEO of Great Bear, in a statement.

The results continue to show excellent continuity of high-grade and bulk-tonnage gold mineralization at LP, which remains open in all directions. The holes all hit the fault from between 25 and 500 meters (m) vertical depth and along 1.7 kilometers (km) of strike.

Two ‘step-down’ holes extended mineralization by over 100m below previous drilling, with assays showing 11.18 grams per ton (g/t) gold over 6.75m from 524.2m to 530.95m depth in one hole.

In the other, 1 g/t gold was hit over a length of 96.10m from 477m to 573.10m depth.

This included a high-grade intersection of 16.41 g/t gold over 2.40m from 485m to 487.4m depth.

Infill drilling within 75m and 100m in previously undrilled gaps in the zone also continued to deliver high-grade and bulk-tonnage gold intercepts.

One hole hit 10.50 g/t gold over 13.1m from 313.20 to 326.30m downhole, while another hole hit 16.50 g/t gold over 6.25m from 365.00 to 371.25m downhole.

Great Bear has now released 283 drill hole results from the LP Fault and anticipates at least 117 more will be completed by the end of 2021, for a total of at least 400 holes.

Great Bear’s flagship Dixie project comprises 9,140 hectares of contiguous claims that extend more than 22km. It sits about 25km southeast of the town of Red Lake, Ontario.

Contact the author at [email protected]

Story by ProactiveInvestors


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