GOLD: Great Bear continues to drill high grades at Dixie

[caption id="attachment_1003739462" align="alignnone" width="550"] Drilling at Great Bear Resources' Dixie project, near Red Lake, Ont. Credit: Great Bear Resources[/caption] ONTARIO – Drilling along the LP fault at Great Bear Resources’ wholly owned Dixie gold project in Red Lake continues to return long intervals of high-grade gold mineralization. The most recent release includes the results of hole BR-133, which intersected 25.2 metres of 15.5 g/t gold, and includes a higher-grade interval of 12.4 metres grading 30.51 g/t gold – according to the company, this is the widest, highest-grade gold interval drilled at the LP fault to date. “The LP fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest drill interval to date,” Chris Taylor, the company’s president and CEO, said in a release. “Deeper drilling towards the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area.” BR-133 was completed on a section with a 140-metre gap in drilling; hole BR-134 drilled on the same section intersected the same mineralized zone 75 metres below BR-133 and returned 63.7 metres of 3.62 g/t gold, which includes a higher-grade interval of 18.5 metres grading 11.16 g/t gold, starting at 158.4 metres. In addition, a drill hole completed by the northwestern end of the LP fault, 2,400 metres northwest of BR-133 hit the same mineralized zone at depth, returning 10.1 metres of 5.04 g/t gold. These results extend the high-grade gold mineralization by 100 metres to the northwest and suggest increasing grades and thicknesses of the mineralization with depth. With a $21-million exploration program underway at Dixie, Great Bear has completed 111 of the 300 drill holes planned into the LP fault this year as it drills this structure on a 5 km by 500 metre grid. Additional drilling is also planned for the Dixie Limb and Hinge zones. Earlier this month, the company closed a $33-million bought deal private placement and estimates that it is fully funded to continue drilling into 2022. Updated exploration plans are pending. There are two exploration targets at the 91.4-sq.-km Dixie property: high-grade gold in quartz veins and replacement zones at the Dixie Limb and Hinge zones as well as high-grade disseminated gold with broad envelopes at the LP fault. The latter is interpreted to cover up to 18 km of strike at Dixie. For more information, visit www.GreatBearResources.ca.