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Great Bear Resources makes new gold discovery at Dixie and drills highest grade to date

Last updated: 15:46 27 Sep 2018 EDT, First published: 04:46 27 Sep 2018 EDT

Great Bear Resources makes new gold discovery at Dixie and drills highest grade to date
Pictured is drilling at Dixie last year in the famous Red Lake area

Ontario-focused Great Bear Resources Ltd (CVE:GBR) has posted details of a new high-grade gold discovery dubbed the South Limb zone (SLZ) at its Dixie project in the famous Red Lake mining district.

Here, the firm has uncovered the best gold grade to date at 1.75 m (meters) of 101.05 g/t (grams per ton) gold.

That hole included another intercept of 346.79 g/t gold over 0.5 metres within a vein zone of 10.35 metres of 18.23 g/t gold in one hole.

Significantly, this new SLZ target is large and has the potential for several kilometres of strike length.

"We have made another exciting near-surface high-grade gold discovery in a new area of our Dixie project," said  Chris Taylor, the president and chief executive of Great Bear.

"At our South Limb Zone discovery, gold occurs within an up-to 40-metre-wide series of parallel quartz veins that follow a regional northwest to southeast trending D2 fold axis.

The Hinge Zone also occurs adjacent to this fold axis. D2 folds are also important high-grade controls at the main Red Lake mine, and at other mines in the district.

"This new target has the potential for several kilometres of strike length and is one of several D2 folds at the Dixie project.

"We will continue with step-out and down-dip drilling along this new discovery to determine its extent. The Dixie Limb Zone also continues to yield exceptionally consistent gold results as we drill to define mineralization in the area."

Three drill holes were completed along 220 metres of strike length at the new SLZ target and all hit gold within a well-developed quartz vein system, the company said.

As reported last week, Great Bear's new 30,000-metre, 150 drill hole drill programme is now underway and is expected to continue drilling through 2018 and 2019.

Targets to be drilled include the Hinge Zone, SLZ and DLZ, as well as a number of newly defined, highly prospective geological and structural targets across the project.

Results will continue to be released in batches as received, the firm noted.

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