Great Bear Resources Ltd (CVE:GBR) (OTCMKTS:GTBDF) released more positive drill results from its Dixie Lake gold project in Ontario, including one intercept of more than 30 grams per ton (g/t) gold, and where it continues to expand the Hinge Zone.
Drilling at the Hinge Zone hit four significant gold-bearing quartz veins within a single hole, the highlights of which included 30.2 g/t gold over 7.3 metres with 1.5 metres of 130.5 g/t.
Other intercepts returned results showing 4 metres of 11.7 g/t and 0.5 metres of 60.7 g/t gold.
“The Hinge Zone continues to rapidly expand as we keep stepping out along strike and at depth," said Chris Taylor, president and CEO of Great Bear said in a statement. “The scale and strength of near-surface multi-veined gold mineralization at the Hinge Zone continues to impress.”
The Vancouver-based company is planning to continue with a 13,000 metre drill program throughout the rest of the year.
The Dixie property is located in the prolific Red Lake district of Ontario, where nearly 30,000,000 ounces of gold has been dug out of the ground.
Shares of Great Bear were trading at $3.10 on Tuesday afternoon in Toronto.
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