Great Bear Resources (TSXV: GBR) continued its slow release of assay results from its ongoing exploration program at its flagship Dixie property this morning. Today’s highlight consists of 81.22 grams per tonne (g/t) gold over 10.50 metres at the LP fault, with the drilling conducted in two new drill sections of a undrilled 150 metre long section of the fault.
A total of 126 of the 300 planned holes have been completed thus far in the 2020 exploration program at Dixie, with CEO Chris Taylor announcing this morning that a new, updated geological model is being built to account for the majority of the high grade mineralization found. The updated model is a result of the LP fault showing that it contains “several discrete foliational parallel zones of higher grade gold mineralization with generally steeply-dipping planar geometries,” within a broad and laterally continuous zone. The fault is said to contain two zones: the “upper vein zone” and the “high strain zone.”
Highlights from the ongoing exploration program that haven’t been previously announced by Great Bear include:
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- 209.42 g/t gold over 3.95 meters, within 81.22 g/t gold over 10.50 metres in drill hole BR-146.
- 9.34 g/t gold over 4.55 metres within 3.24 g/t gold over 21.00 metres, as well as 70.60 g/t gold over 0.50 metres within 1.50 g/t gold over 24.00 metres in hole BR-143.
- 23.45 g/t gold over 8.80 meters within 3.73 g/t gold over 65.00 metres in hole BR-144.
A total of six drill holes saw their assay data released this morning. Further data can be found here.
Great Bear Resources last traded at $16.98 on the TSX Venture.
Information for this briefing was found via Sedar, and Great Bear Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
