logo-loader
viewGreat Bear Resources

Great Bear Resources starts drilling again at Ontario project; posts 3D model

The group also published a 3D model of gold mineralization drilled to-date at the 100% owned property

1547476329_great-bear-dixie-drilling.jpg
Drilling at Dixie

Great Bear Resources Ltd (CVE:GBR) (OTCMKTS:GTBDF) revealed its 30,000-metre, 150-hole drill program had started again at its flagship Dixie project in Ontario after the holiday break.

The group also published a 3D model of gold mineralization drilled to-date at the 100% owned property.

BIG PICTURE: Great Bear Resources has two highly prospective gold targets in the Red Lake mining district of Ontario

A downloadable video of the model can be seen at www.greatbearresources.ca/presentation.

Great Bear said it will soon mobilize a second drill rig to more rapidly drill the known mineralized zones and simultaneously test new gold targets.

Results will continue to be released in batches as received.

"Great Bear is completing a large number of drill holes throughout 2019 and 2020, totaling at least 30,000 metres," said Chris Taylor, the president and CEO of Great Bear.

"The company is fully funded for this work and anticipates a very active sequence of news flow.

"We are providing a video of our current geological model due to high investor demand, and so that shareholders may more easily monitor our progress as we continue to explore the multiple gold zones at our flagship Dixie project.

"We would also like to invite any interested shareholders and potential investors to listen to myself and our Director and Vice President of Exploration, Mr. Bob Singh provide a live webinar detailing our results to-date on Thursday January 17th."

The 3D model represents an around  12 square kilometer area of the around 100 sq km Dixie property, from surface to 1 kilometer depth, centred on the area of most drilling.

It includes mineralization models for the DL and DHZ/DSL zones; interpreted geological units from geological and geochemical data including 12,008 litho-geochemical samples, 2,998 structural measurements, and 20,898 gold analysis.

It also has interpreted D2 fold axes which are related to mineralization.

Prolific mining district

The Dixie property lies around 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario.

The famous and prolific Red Lake mining district in Canada has produced over 30 million ounces of gold.

It benefits from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc, plus modern infrastructure and a skilled workforce.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

Quick facts: Great Bear Resources

Price: 18.16 CAD

TSX-V:GBR
Market: TSX-V
Market Cap: $908.75 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Great Bear Resources named herein, including the promotion by the Company of Great Bear Resources in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Great Bear Resources releases more compelling results from Dixie Project in...

Great Bear Resources (CVE:GBR) President and CEO Chris Taylor dropped into the Vancouver studio of Proactive Investors to talk about more interesting results from their Dixie Project in Red Lake, Ontario. These results deal with the Hinge Zone. Taylor telling Proactive about the great...

on 9/5/19

2 min read