VANCOUVER, Sept. 9, 2020 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today
reported results from its ongoing fully funded $21 million exploration program at its 100% owned
flagship Dixie Project, and from regional exploration at its
Sobel Property, both of which are located in the
Red Lake district of Ontario.
Dixie Project Highlights Include:
- Drilling continues to define gold mineralization on 50 metre
centres along 5 kilometres of strike length of the LP Fault, to
a vertical depth of approximately 500 metres. All (100%) of
the 161 LP Fault drill holes completed to date have successfully
intersected the structure and gold mineralization.
- New results include 8.08 g/t gold over 37.70 metres on
section 20050 towards the centre of the LP Fault zone in drill hole
BR-156. High-grade sub intervals include a high strain
zone (see news release of August 4,
2020) which assayed 32.30 g/t gold over 8.20 metres,
including a strongly mineralized core of 146.50 g/t gold over
1.00 metre.
- 50 metres to the northwest on drill section 20100, new drill
hole BR-164 intersected the along-strike continuation of the
same mineralization including 5.23 g/t gold over 78.75
metres. This included two high strain zones assaying
68.36 g/t gold over 3.25 metres and 60.30 g/t gold over
2.15 metres. The drill hole also included an additional
interval of 11.08 g/t gold over 3.85 metres below the
intervals reported above. Table 1.
- The Company continues to advance its geological model of the LP
Fault zone as it defines and refines controls to high-grade gold
domains. Higher grade gold domains are localized within high
strain and higher vein density corridors. Both of these styles of
high-grade gold occur within the larger envelope of gold
mineralization in felsic and metasedimentary host rocks. An
updated geological model will be provided as this work
progresses.
- An updated long section of LP Fault drill results is
provided in Figure 1, along with a plan view of all
results to-date from significant gold zones. Gold intercepts
are shown using the same assay display criteria in both section and
plan view.
Chris Taylor, President and CEO
of Great Bear said, "With increasing drill density on 50 metre
centres, continuity of gold mineralization at the LP Fault is
readily apparent in plan and section view. We've provided an
updated plan map and long section in this release, showing the same
intercept grade projections in both images for the first
time. Our geological team continues to model the high strain
and deformed quartz vein zones which host the majority of the
high-grade gold within the LP Fault. We expect to be able to
release the results of this work over the coming weeks. This will
provide our current comprehensive interpretation of gold grade
distribution characteristics within the LP Fault and will be an
important step towards completion of our initial maiden
resource."
Table 1: Current LP
Fault drill results. Drill sections are arranged from southeast
(top of Table) to northwest (bottom of Table).
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
BR-162
|
|
162.40
|
165.90
|
3.50
|
0.65
|
18650
|
BR-156
|
|
313.50
|
321.00
|
7.50
|
1.07
|
20050
|
and
|
351.10
|
351.90
|
0.80
|
78.20
|
and
|
403.00
|
406.50
|
3.50
|
2.36
|
and
|
411.00
|
448.70
|
37.70
|
8.08
|
including
|
425.00
|
444.00
|
19.00
|
15.31
|
and
including
|
427.10
|
435.30
|
8.20
|
32.30
|
and
including
|
427.10
|
428.10
|
1.00
|
146.50
|
and
including
|
427.10
|
427.60
|
0.50
|
280.00
|
BR-163
|
|
372.00
|
443.20
|
71.20
|
0.45
|
20100
|
including
|
411.00
|
422.00
|
11.00
|
1.24
|
BR-164
|
|
263.90
|
342.65
|
78.75
|
5.23
|
20100
|
including
|
282.70
|
285.95
|
3.25
|
68.36
|
and
including
|
283.20
|
284.25
|
1.05
|
166.76
|
and
including
|
308.00
|
332.00
|
24.00
|
6.94
|
and
including
|
325.45
|
327.60
|
2.15
|
60.30
|
and
|
346.30
|
350.15
|
3.85
|
11.08
|
including
|
349.65
|
350.15
|
0.50
|
83.50
|
and
|
417.00
|
468.10
|
51.10
|
0.72
|
including
|
426.00
|
452.00
|
26.00
|
1.10
|
and
including
|
446.00
|
448.50
|
2.50
|
4.99
|
BR-154
|
|
373.50
|
423.00
|
49.50
|
0.30
|
20250
|
including
|
394.00
|
395.00
|
1.00
|
4.35
|
and
|
646.40
|
649.95
|
3.55
|
1.06
|
and
|
711.00
|
723.45
|
12.45
|
0.44
|
BR-151A
|
|
276.00
|
289.00
|
13.00
|
5.39
|
20300
|
and
|
461.00
|
468.00
|
7.00
|
1.16
|
BR-152
|
|
343.00
|
386.40
|
43.40
|
0.31
|
20350
|
and
|
396.00
|
405.50
|
9.50
|
0.45
|
and
|
483.20
|
490.20
|
7.00
|
0.45
|
and
|
622.50
|
624.00
|
1.50
|
1.74
|
and
|
673.10
|
679.10
|
6.00
|
0.51
|
|
Table 1
Continued
|
|
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
BR-147
|
|
19.75
|
65.25
|
45.50
|
1.30
|
20500
|
and
|
33.00
|
55.90
|
22.90
|
2.10
|
including
|
48.00
|
49.50
|
1.50
|
13.74
|
and
|
222.20
|
228.45
|
6.25
|
1.18
|
including
|
222.20
|
223.50
|
1.30
|
4.09
|
and
|
272.70
|
281.10
|
8.40
|
1.12
|
including
|
279.00
|
280.00
|
1.00
|
5.76
|
and
|
328.50
|
344.55
|
16.05
|
1.01
|
and
|
336.50
|
339.50
|
3.00
|
3.08
|
BR-148
|
|
148.00
|
162.75
|
14.75
|
0.42
|
20500
|
including
|
156.10
|
156.80
|
0.70
|
4.05
|
and
|
283.50
|
299.50
|
16.00
|
0.53
|
BR-149
|
|
254.15
|
263.25
|
9.10
|
2.64
|
20800
|
including
|
257.45
|
263.25
|
5.80
|
4.04
|
and
including
|
257.45
|
258.00
|
0.55
|
33.70
|
and
|
269.00
|
273.00
|
4.00
|
7.26
|
including
|
270.00
|
270.75
|
0.75
|
37.00
|
and
|
280.00
|
352.20
|
72.20
|
0.68
|
*Widths are drill indicated core length, as
insufficient drilling has been undertaken to determine true widths
at this time. Average grades are calculated with un-capped
gold assays, as insufficient drilling has been completed to
determine capping levels for higher grade gold intercepts.
Average widths are calculated using a 0.10 g/t gold cut-off grade
with up to 3 m of internal dilution
of zero grade.
Red Lake District Regional Exploration Update
Regional exploration is also underway at Great Bear's other
Red Lake district properties
(Sobel, Dedee, and Pakwash properties), with all regional
exploration during summer 2020 designed to meet annual government
of Ontario expenditure
requirements, and having no significant impact on the Company's
ongoing $21 million exploration
program, which remains focused on the Dixie Project.
Current results relate to the Sobel property, which was
acquired to control prospective stratigraphy within the Red Lake
Greenstone Belt along the same regional D2 fold axis that controls
the majority of gold mineralization at the Red Lake Gold
Mine.
Highlights of regional exploration at the Sobel property
include:
- Completion of a 399 sample, four square kilometre
Spaciotemporal Geochemical Hydrocarbon ("SGH") survey
similar to that used by Great Bear to successfully identify gold
mineralization at the LP Fault, Dixie
Limb and Hinge zones at the Dixie property.
- Identification of two large SGH targets at the Sobel
property, respectively measuring approximately 800 metres by 500
metres, and 900 metres by 450 metres. Figure 2.
Figure 1: Inclined plan view and updated long
section of drill results to date.
- The SGH targets overlie regional D2 fold closures with a
similar geological and structural setting to the gold zones at the
RLGM, and the Hinge zone at the Dixie property. These targets
are apparent on regional geophysics and were predicted by Great
Bear's exploration team to have gold mineralization potential prior
to undertaking the SGH survey. Figure 3.
- Prospecting, geological mapping and geochemical analysis have
identified mafic volcanic rocks including high iron tholeiite and
basaltic komatiite, both of which are known to occur within the
tholeiitic-komatiitic Balmer sequence of the Red Lake Greenstone
Belt, which host the majority of past and current gold production
in the Red Lake district.
These are locally in contact with units of meta-sediments,
intermediate, felsic and intrusive rocks. Figure 4.
Given the identification of the new SGH targets, the Company
will continue exploration at Sobel through the remainder of
2020, including expansion of the SGH sample grid, additional
geological mapping, prospecting, target identification and
refinement. A comprehensive update on further work will be
provided prior to any drilling at Sobel.
Chris Taylor continued, "We've
repeated some of the early exploration steps taken at our flagship
Dixie project and have identified two new potential gold targets at
the Sobel property within the right rocks. These are located
near regional D2 fold hinges and fold axes that are expected to
potentially be significant gold controls. We believe these
areas are prospective for Hinge zone (Dixie)/RLGM-style
gold-bearing quartz veins within mafic host rocks. Our next
steps include additional mapping, expansion of the SHG grid, rock
sampling, and planning for preliminary drilling which may be
undertaken as early as winter 2020 - 2021."
About the SGH Survey
Actlabs describes the SGH survey as follows: "Actlabs'
Spatiotemporal Geochemical Hydrocarbon (SGH) analysis is designed
to target mineralization under cover. SGH research since 1996
has shown that surficial material adsorbs hydrocarbon compounds
released from the decomposition of bacteria and microbes that have
fed on a mineral target at depth. Near surface samples,
including soil, sediment, peat, till and sand are collected, the
weakly-bound, heavy hydrocarbons in the C5-C17 carbon series range
are desorbed at the laboratory, and over 160 of these compounds are
analysed by Gas Chromatography/Mass Spectrometry (GC/MS). The
unique mixture of compounds is like a fingerprint that provides a
highly-confident, forensic, identification of the mineralization at
depth. SGH is blind to the inorganic content of samples and
thus does not reflect mobilized anomalies or any nugget
effects. It is a cost-effective technique which can be used
in tandem with geophysics to improve drill targeting success
rate."
Figure 2: Geological map of the Red Lake Mine
Complex and Great Bear's Sobel Property. Locations of the
newly discovered SGH targets are shown in the inset. The
location of the Dixie Project is also shown.
Figure 3: Regional geophysics (airborne magnetic
total field data shown) illustrating on strike continuation of
stratigraphy from the Red Lake Gold Mine to the Sobel Property, and
regional folding. Inset same as Figure 2.
Figure 4: Jensen cation plot of geochemical results
from mafic and felsic rock samples collected at the Sobel
Property.
Updated drill collar locations, azimuths and dips, together with
an updated complete assay table for the LP Fault drilling to-date
will be posted to the Company's web site at
www.greatbearresources.ca. Drill collar locations, azimuths and
dips for the drill holes included in this release are provided in
the table below:
Hole
ID
|
Easting
|
Northing
|
Elevation
|
Depth
|
Dip
|
Azimuth
|
BR-147
|
457079
|
5634100
|
355
|
531
|
-60
|
210
|
BR-148
|
457033
|
5634023
|
358
|
465
|
-60
|
210
|
BR-149
|
456872
|
5634368
|
356
|
849
|
-61
|
212
|
BR-151A
|
457359
|
5634268
|
358
|
753
|
-56
|
210
|
BR-152
|
457328
|
5634347
|
358
|
762
|
-55
|
210
|
BR-154
|
457428
|
5634324
|
362
|
807
|
-57
|
208
|
BR-156
|
457571
|
5634240
|
365
|
642
|
-56
|
207
|
BR-162
|
458784
|
5633466
|
364
|
338
|
-55
|
212
|
BR-163
|
457531
|
5634273
|
367
|
699
|
-55
|
206
|
BR-164
|
457493
|
5634178
|
361
|
672
|
-56
|
206
|
About the Dixie Project
The Dixie Project is 100% owned, comprised of 9,140 hectares of
contiguous claims that extend over 22 kilometres, and is located
approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible
year-round via a 15 minute drive on a paved highway which runs the
length of the northern claim boundary and a network of
well-maintained logging roads.
The Dixie Project hosts two principle styles of gold
mineralization:
- High-grade gold in quartz veins and silica-sulphide
replacement zones (Dixie Limb, Hinge
and Arrow zones). Hosted by mafic volcanic rocks and localized
near regional-scale D2 fold axes. These mineralization styles are
also typical of the significant mined deposits of the Red Lake district.
- High-grade disseminated gold with broad moderate to lower
grade envelopes (LP Fault). The LP Fault is a significant
gold-hosting structure which has been seismically imaged to extend
to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by
Great Bear to have up to 18 kilometres of strike length on the
Dixie property. High-grade gold mineralization is controlled by
structural and geological contacts, and moderate to lower-grade
disseminated gold surrounds and flanks the high-grade intervals.
The dominant gold-hosting stratigraphy consists of felsic sediments
and volcanic units.
About the Sobel Property
The 3,200-hectare Sobel property is located along the strike
extension of the main D2 fold axial plane which could be a control
for gold mineralization at Evolution Mining's Red Lake Gold Mine.
The Sobel property is located [approximately 10 kilometres] east of
the Red Lake Gold Mine.
Great Bear has the option to earn a 100% interest in the Sobel
property, which consists of 3,200 hectares of continuous mineral
claims, subject to payment of an additional $40,000 over a period of two years. The
Sobel property is free of any royalties.
About Great Bear
Great Bear Resources Ltd. is a well-financed gold
exploration company managed by a team with a track record of
success in mineral exploration. Great Bear is focused in the
prolific Red Lake gold district in
northwest Ontario, where the
company controls over 300 km2 of highly prospective
tenure across 4 projects: the flagship Dixie Project (100%
owned), the Pakwash Property (earning a 100% interest), the Dedee
Property (earning a 100% interest), and the Sobel Property (earning
a 100% interest), all of which are accessible year-round through
existing roads.
QA/QC and Core Sampling Protocols
Drill core is logged and sampled in a secure core storage
facility located in Red Lake Ontario. Core samples from the
program are cut in half, using a diamond cutting saw, and are sent
to Activation Laboratories in Ontario, an accredited mineral analysis
laboratory, for analysis. All samples are analysed for gold using
standard Fire Assay-AA techniques. Samples returning over 10.0 g/t
gold are analysed utilizing standard Fire Assay-Gravimetric
methods. Pulps from approximately 5% of the gold mineralized
samples are submitted for check analysis to a second lab.
Selected samples are also chosen for duplicate assay from the
coarse reject of the original sample. Selected samples with
visible gold are also analyzed with a standard 1 kg metallic screen
fire assay. Certified gold reference standards, blanks and
field duplicates are routinely inserted into the sample stream, as
part of Great Bear's quality control/quality assurance program
(QAQC). No QAQC issues were noted with the results reported
herein.
Qualified Person and NI 43-101 Disclosure
Mr. R. Bob Singh, P.Geo, Director
and VP Exploration, and Ms. Andrea Diakow
P.Geo, Exploration Manager for Great Bear are the Qualified
Persons as defined by National Instrument 43-101 responsible for
the accuracy of technical information contained in this news
release.
ON BEHALF OF THE BOARD
"Chris
Taylor"
Chris Taylor, President and
CEO
Cautionary note regarding forward-looking
statements
This release contains certain "forward looking statements"
and certain "forward-looking information" as defined under
applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes.
Forward-looking information are based on management of the
parties' reasonable assumptions, estimates, expectations, analyses
and opinions, which are based on such management's experience and
perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be
incorrect.
Great Bear undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management's best judgment
based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
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SOURCE Great Bear Resources Ltd.