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Great Bear Resources continues to see positive results from Dixie Lake drilling

The company is pushing ahead with a 13,000-metre drill program throughout 2019

gold veins in rock
The Dixie property is located in the prolific Red Lake district of Ontario

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.

READ: Great Bear again sees ‘extensive footprint’ of gold mineralization at Ontario project

“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.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Great Bear Resources

Price: 18.65 CAD

TSX-V:GBR
Market: TSX-V
Market Cap: $933.27 m
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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