Latest Drilling Confirms Gold Controls In Ontario
Great Bear Resources Ltd (TSXV: GBR) (OTCQX: GTBAF) has confirmed bulk tonnage style gold mineralisation as continuous along more than three km of strike length of the LP Fault at its flagship Dixie Project in the Red Lake district of Ontario.
The company’s ongoing fully funded $45 million 2021 exploration programme at Dixie has also:
- Expanded and characterised the zone outboard from the Central LP Fault, which had seen the highest density Phase 1 drilling prior to this release.
- Identified high-grade gold controls have been identified along the LP Fault. Drilling has confirmed these controls in several areas, which will facilitate targeting of high-grade gold during Phase 2 drilling below the current 450m drill depth, and elsewhere along strike.
- Steeply-plunging high-grade gold mineralisation has been successfully targeted in the northwestern “Discovery” and southeastern “Viggo” areas of the LP Fault.
- The number of high-grade gold domains being modelled at the LP Fault has been expanded from 17 to 23. This includes seven high-grade gold domains which are being modeled in the northwestern “Discovery” area.
“The confirmation of predictable high-grade gold controls within the LP Fault has clear, positive implications for our ability to target and model higher-grade mineralisation, especially at depth.,” Chris Taylor, President and CEO, said.
“However, the confirmation of continuous mineralisation at shallow depths in the ‘Gap’area is arguably the more significant development as we progress towards maiden mineral resource estimate publication by early next year.
“While clearly not the most strongly mineralized segment of the LP Fault, the ‘Gap’ area contains mineralised intervals with similar grades and widths to those that have been incorporated into mine plans within other Canadian bulk tonnage gold deposits.
“These new results confirm the strongly mineralised Central and Discovery areas are connected as a continuously mineralised gold zone with clear bulk tonnage potential over three kilometres of strike length.”
With the 73 new drill holes contained in this release, Great Bear has reported 404 of the 440 LP Fault drill holes completed during Phase 1 drilling which will support maiden mineral resource estimation.
Twenty six drill holes were completed in the original LP Fault “Discovery” area, located along the most north-westerly 700m of the 4.2 km long Phase 1 drill grid. This area was the site of LP Fault discovery hole DNW-011 (May 28, 2019; 12.33 g/t gold over 14.00m). Highlights include:
- Drill hole BR-365 extended gold mineralization approximately 100 metres deeper than past drilling on its section, assaying 15.04 g/t gold over 4.00m from 545.00 to 549.00m downhole, within a broader envelope of 3.13 g/t gold over 29.50m from 523.50 to 553.00m downhole.
- Drill hole BR-394 assayed 150.00 g/t gold over 0.80 metres from 331.60 to 332.40m downhole, within a broader interval of 28.18 g/t gold over 4.80 metres from 331.60 to 336.40 metres downhole. The total mineralised interval was 3.83 g/t gold over 43.10 metres from 311.50 to 354.60 metres downhole.
For further information please visit: https://www.greatbearresources.ca/