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Great Bear Resources adds more high-grade gold intercepts at the LP Fault on its Dixie project

The firm also revealed two new targets at its Sobel property in Red Lake, Ontario

Great Bear Resources -
New results include 8.1 g/t gold over 37.7 metres, including an interval that assayed 32.3 g/t gold over 8.2 metres

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A) revealed new drill results from its flagship Dixie property that added more high-grade gold intersections to the company’s collection.

New results include 8.1 grams per ton (g/t) gold over 37.7 metres, including an interval that assayed 32.3 g/t gold over 8.2 metres and a strongly mineralized core of 146.5 g/t gold over 1 metre.

Further along the LP Fault, which runs through Dixie, the firm intersected the along-strike continuation of the same mineralization including 5.2 g/t gold over 78.6 metres, including two high strain zones that returned results of 68.4 g/t gold over 3.2 metres and 60.3 g/t gold over 2.2 metres.

READ: Great Bear Resources hails yet more strong drill assays from LP Fault at Dixie project

All of the 161 drill holes on the LP Fault have intersected the structure and gold mineralization, Great Bear told shareholders.

"With increasing drill density on 50 metre centres, continuity of gold mineralization at the LP Fault is readily apparent in plan and section view,” CEO Chris Taylor said in a statement.

“We've provided an updated plan map and long section in this release, showing the same intercept grade projections in both images for the first time. Our geological team continues to model the high strain and deformed quartz vein zones which host the majority of the high-grade gold within the LP Fault.” 

Taylor added that the firm expects to be able to release the results of the work over the coming weeks, which will provide its current comprehensive interpretation of gold grade distribution characteristics within the LP Fault and will be an “important step” towards completion of an initial maiden resource.

New targets at Sobel

Vancouver-based Great Bear also updated investors on ongoing exploration work at its Sobel property, which was added to control prospective stratigraphy within the Red Lake Greenstone Belt. The firm identified two new targets that measure around 800 metres by 500 metres and 900 metres by 450 metres, according to a statement, and lie on top of the regional D2 fold closures that have a similar geological setting to the prolific Hinge zone and the RLGM zone.

"We've repeated some of the early exploration steps taken at our flagship Dixie project and have identified two new potential gold targets at the Sobel property within the right rocks,” Taylor said.

“These are located near regional D2 fold hinges and fold axes that are expected to potentially be significant gold controls.  We believe these areas are prospective for Hinge zone (Dixie)/RLGM-style gold-bearing quartz veins within mafic host rocks.”

Next steps include additional mapping, expansion of the SHG grid, rock sampling, and planning for preliminary drilling which may be undertaken as early as winter 2020 or 2021, Taylor added.

Great Bear will continue exploration at Sobel through the remainder of the year.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Price: 13.98 CAD

Market: TSX-V
Market Cap: $796.86 m

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