VANCOUVER, BC, Sept. 28, 2020 /CNW/ - Great Bear Resources
Ltd. (the "Company" or "Great Bear") (TSXV: GBR) (OTCQX: GTBAF)
today reported results from its ongoing fully funded $21 million exploration program at its 100% owned
flagship Dixie Project, in the Red
Lake district of Ontario.
Chris Taylor, President and CEO
of Great Bear said, "These results again demonstrate the
exceptional grade potential and predictability of the LP Fault's
near surface bulk tonnage gold mineralization. Notably, drill
hole BR-166 intersected two wide zones of higher-grade gold
mineralization, which combined averaged 3.76 g/t over a total of
103.4 metres at a vertical depth of 95 - 210 metres.
Additionally, the best interval drilled along the eastern portion
of the LP Fault grid to date was intersected in drill hole BR-180,
which assayed 88.70 g/t gold over 1.35 metres."
Dixie Project Highlights Include:
- Drilling continues to define gold mineralization on 50 - 75
metre centres along 5 kilometres of strike length of the LP
Fault, to a vertical depth of approximately 500 metres.
All (100%) of the 172 LP Fault drill holes completed to date
have successfully intersected the structure and gold
mineralization.
- New results include 4.61 g/t gold over 39.80 metres and
3.22 g/t gold over 63.60 metres on section 20100 towards the
middle of the LP Fault zone in drill hole BR-166.
These intervals occur from 117.20 to 157.00 metres and 221.60 to
285.20 metres downhole respectively. High-grade sub
intervals include a high strain zone which assayed 28.26
g/t gold over 5.10 metres, including a strongly mineralized
core of 121.00 g/t gold over 1.00 metre, and a transposed
vein zone which assayed 19.78 g/t gold over 8.90
metres. Table 1.
- Drilling on section 18850, located 1.25 kilometres to
the southeast of BR-166 has intersected the best gold interval
to date within the eastern kilometre of the Company's current grid
drill program. Drill hole BR-180 assayed 88.70 g/t
gold over 1.35 metres. Only 17 drill holes along 1.4
kilometres have been completed in this area to date, with drill
fences spaced approximately 200 metres apart on average.
- An updated plan map of LP Fault drill results is
provided in Figure 1. An updated long section
is provided in Figure 2. A cross section
through the new intercept in BR-180 is provided in Figure
3.
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-180
|
|
238.00
|
256.00
|
18.00
|
6.92
|
18850
|
including
|
238.00
|
239.35
|
1.35
|
88.70
|
and
|
342.80
|
343.80
|
1.00
|
12.50
|
BR-181
|
|
111.85
|
125.00
|
13.15
|
0.73
|
18850
|
including
|
122.70
|
125.00
|
2.30
|
2.68
|
and
including
|
124.30
|
125.00
|
0.70
|
6.64
|
and
|
213.00
|
215.00
|
2.00
|
6.30
|
including
|
213.00
|
213.50
|
0.50
|
23.50
|
BR-158
|
|
341.65
|
354.00
|
12.35
|
2.43
|
20025
|
including
|
344.50
|
346.00
|
1.50
|
17.70
|
BR-166
|
|
117.20
|
157.00
|
39.80
|
4.61
|
20100
|
including
|
147.35
|
156.25
|
8.90
|
19.78
|
and
including
|
147.35
|
149.35
|
2.00
|
30.68
|
and
including
|
150.00
|
150.50
|
0.50
|
62.60
|
and
including
|
153.00
|
156.25
|
3.25
|
23.82
|
and
including
|
153.50
|
155.75
|
2.25
|
30.83
|
and
|
199.60
|
214.50
|
14.90
|
0.60
|
and
|
221.60
|
285.20
|
63.60
|
3.22
|
including
|
245.85
|
280.25
|
34.40
|
5.69
|
and
including
|
252.00
|
270.20
|
18.20
|
9.79
|
and
including
|
262.00
|
270.20
|
8.20
|
18.81
|
and
including
|
265.10
|
270.20
|
5.10
|
28.26
|
and
including
|
269.20
|
270.20
|
1.00
|
121.00
|
BR-165
|
|
173.50
|
224.50
|
51.00
|
1.87
|
20150
|
including
|
210.50
|
224.50
|
14.00
|
5.24
|
and
including
|
222.70
|
223.70
|
1.00
|
46.52
|
and
|
229.30
|
234.40
|
5.10
|
1.39
|
and
|
337.90
|
339.90
|
2.00
|
1.15
|
and
|
372.55
|
375.00
|
2.45
|
1.23
|
BR-155
|
|
343.50
|
405.00
|
61.50
|
0.46
|
20200
|
including
|
369.10
|
390.00
|
20.90
|
0.77
|
and
including
|
379.00
|
386.70
|
7.70
|
1.07
|
and
|
752.50
|
765.00
|
12.50
|
0.26
|
BR-161
|
|
417.00
|
468.10
|
51.10
|
0.72
|
20200
|
including
|
426.00
|
452.00
|
26.00
|
1.10
|
and
including
|
446.00
|
448.50
|
2.50
|
4.99
|
BR-153
|
|
407.90
|
411.90
|
4.00
|
0.59
|
20350
|
and
|
429.75
|
437.60
|
7.85
|
0.30
|
and
|
483.20
|
490.20
|
7.00
|
0.45
|
and
|
622.50
|
624.00
|
1.50
|
1.74
|
and
|
673.10
|
681.80
|
8.70
|
0.38
|
BR-170
|
|
121.50
|
156.00
|
34.50
|
1.06
|
20800
|
including
|
136.30
|
146.50
|
10.20
|
2.20
|
and
including
|
140.75
|
141.25
|
0.50
|
28.20
|
and
|
194.00
|
263.00
|
69.00
|
0.44
|
BR-171
|
|
61.00
|
118.60
|
57.60
|
0.40
|
20800
|
including
|
57.50
|
100.50
|
43.00
|
0.55
|
and
including
|
84.00
|
96.75
|
12.75
|
1.00
|
*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.
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:
Drill
Hole
|
Easting
|
Northing
|
Elevation
|
Depth
|
Dip
|
Azimuth
|
BR-153
|
457328
|
5634347
|
358
|
867
|
-65
|
210
|
BR-155
|
457475
|
5634291
|
364
|
765
|
-54
|
206
|
BR-158
|
457668
|
5634215
|
363
|
792
|
-62
|
208
|
BR-161
|
457501
|
5634291
|
366
|
819
|
-61
|
208
|
BR-165
|
457448
|
5634077
|
354
|
540
|
-55
|
206
|
BR-166
|
457491
|
5634070
|
355
|
540
|
-60
|
205
|
BR-170
|
456828
|
5634290
|
357
|
768
|
-60
|
212
|
BR-171
|
456770
|
5634206
|
357
|
591
|
-60
|
207
|
BR-180
|
458670
|
5633607
|
359
|
387
|
-54
|
213
|
BR-181
|
458613
|
5633499
|
364
|
306
|
-55
|
212
|
Figure 1: Inclined plan view of drill results to
date.
Figure 2: Updated long section of LP
Fault to date, showing highlighted assay intervals from BR-166 to
the right of the section (Top right: 19.78 g/t gold over
8.90 m. Bottom right: 18.81 g/t
gold over 8.20 m).
Figure 3: Drill section 18850 showing near-surface
mineralization in drill hole BR-181 and high-grade mineralization
in drill hole BR-180 assaying 88.70 g/t gold over 1.35
metres. Results are from the sparsely drilled eastern
1.4 kilometres of the current grid drill program.
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 principal 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 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.