TSX-V: GBR
VANCOUVER, April 9, 2020 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear", TSX-V: GBR) 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.
The Company has completed 83 of approximately 300 planned
drill holes into the LP Fault target, as part of its 5 kilometre
long by 500 metre deep grid drill program. Gold
mineralization has been intersected in all (100%) of the drill
holes for which assays have been returned to-date.
Current drill results are provided by area, as shown on Figure
1, and in Table 1.
Drill Results Highlights:
- New lateral and vertical drill spacing on 25 – 100 metre
centres has confirmed apparent continuity of gold mineralization
on multiple drill sections.
- Drill hole BR-101 intersected multiple shallow
mineralized intervals along 110 metres of core length. Assays
include 42.70 g/t gold over 3.00
m, including 118.00 g/t gold over 0.50 metres, within a
broader interval of 4.24 g/t gold over 52.15 metres.
- Drill hole BR-102 intersected the on-strike continuation
of the same shallow mineralization and is collared 143
metres to the southeast of BR-101. Assays include 23.17
g/t gold over 3.50 metres, within a broader interval of 3.10
g/t gold over 48.00 metres.
- Previously reported drill hole BR-020 (September 3, 2019), which assayed 10.65 g/t
gold over 17.25 metres, within a broader interval of 5.28
g/t gold over 42.0 metres, is the continuation of the same
shallow mineralization and is collared 84 metres south of
BR-101.
- The high-grade gold mineralization intersected in BR-020,
BR-101 and BR-102 is apparently continuous and projects to within
metres of the surface, below shallow gravel cover.
Mineralization remains open to extension in all directions.
Figure 2.
- A series of nine drill holes were completed within a previously
undrilled gap in the LP Fault system (formerly, the Gap zone).
Highlights include drill hole BR-120 which intersected
9.35 g/t gold over 6.50 metres, which included 97.50 g/t
gold over 0.50 metres, within a broader interval of 1.66 g/t
gold over 46.10 metres.
- Drill hole BR-121, completed on the same section as
BR-120, intersected 4.91 g/t gold over 6.40 metres, which
included 18.10 g/t gold over 1.00 metre, within a broader
interval of 1.07 g/t gold over 73.85 metres.
- BR-120 and 121 transect the same gold zone 130 and 240 vertical
metres below previously disclosed drill hole BR-075
(December 16, 2019), which assayed
16.80 g/t gold over 4.15 metres, within a broader interval
of 1.25 g/t gold over 45.50 metres. Figure 3.
- Results show apparent continuity of gold mineralization over
approximately 400 vertical metres from surface in this area,
which remains open to extension in all directions.
Chris Taylor, President and CEO
of Great Bear said, "We continue to observe excellent lateral and
vertical continuity of mineralization within the LP Fault gold
system. Despite the ongoing COVID-19 pandemic, we have been
able to maintain drill operations while continuing to protect our
work crews with strict risk mitigation protocols. All
geologists and geotechnical staff on site are Red Lake residents, which gives us sufficient
staff for three of our five drill rigs to remain active. We
plan to return to full drill capacity once pandemic-related work
restrictions are lifted, and it is safe to do so.
However, even with three active drill rigs the full estimated 300
drill hole program remains on track to be completed by December 2020."
Table 1: Current drill results.
Drill sections are arranged from southeast (top of Table) to
northwest (bottom of Table), corresponding to the map provided in
Figure 1.
Hole
ID
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
BR-090
|
|
492.00
|
501.00
|
9.00
|
0.69
|
18750
|
BR-102
|
|
92.00
|
140.00
|
48.00
|
3.10
|
20000
|
including
|
104.00
|
135.50
|
31.50
|
4.42
|
and
including
|
106.40
|
107.40
|
1.00
|
17.89
|
and
including
|
126.15
|
135.50
|
9.35
|
9.87
|
and
including
|
129.15
|
135.50
|
6.35
|
13.99
|
and
including
|
132.00
|
135.50
|
3.50
|
23.17
|
BR-101
|
|
108.30
|
108.80
|
0.50
|
7.47
|
20075
|
and
|
120.30
|
133.00
|
12.70
|
0.51
|
including
|
127.85
|
128.85
|
1.00
|
2.42
|
and
|
143.00
|
160.00
|
17.00
|
0.17
|
and
|
169.85
|
233.10
|
63.25
|
3.61
|
including
|
169.85
|
222.00
|
52.15
|
4.24
|
and
including
|
195.00
|
198.00
|
3.00
|
42.70
|
and
including
|
195.50
|
197.50
|
2.00
|
61.73
|
and
including
|
197.00
|
197.50
|
0.50
|
118.00
|
and
including
|
211.90
|
222.00
|
10.10
|
5.91
|
and
including
|
211.90
|
221.00
|
9.10
|
6.50
|
and
including
|
211.90
|
217.00
|
5.10
|
7.68
|
and
including
|
212.45
|
218.00
|
5.55
|
7.82
|
and
including
|
216.00
|
218.00
|
2.00
|
8.21
|
BR-100
|
|
358.00
|
384.80
|
26.80
|
1.41
|
20100
|
including
|
369.20
|
376.55
|
7.35
|
2.97
|
and
including
|
375.50
|
376.55
|
1.05
|
9.52
|
and
|
392.80
|
400.20
|
7.40
|
1.15
|
BR-069
|
|
250.70
|
286.50
|
35.80
|
0.18
|
20225
|
and
|
412.25
|
415.50
|
3.25
|
1.01
|
including
|
414.00
|
414.50
|
0.50
|
4.50
|
BR-085
|
|
73.30
|
105.50
|
32.20
|
0.42
|
20825
|
including
|
101.60
|
102.10
|
0.50
|
9.50
|
BR-086
|
|
36.20
|
47.00
|
10.80
|
1.05
|
20850
|
including
|
36.20
|
43.00
|
6.80
|
1.59
|
and
|
99.70
|
111.00
|
11.30
|
1.04
|
and
|
179.40
|
228.80
|
49.40
|
0.36
|
including
|
193.10
|
207.85
|
14.75
|
0.65
|
and
including
|
199.20
|
201.95
|
2.75
|
1.77
|
BR-087
|
|
205.50
|
209.10
|
3.60
|
3.85
|
20850
|
including
|
207.10
|
209.10
|
2.00
|
6.54
|
and
including
|
207.10
|
207.60
|
0.50
|
19.20
|
and
|
217.00
|
324.00
|
107.00
|
0.61
|
including
|
234.50
|
261.00
|
26.50
|
1.02
|
and
including
|
234.50
|
237.50
|
3.00
|
4.27
|
BR-121
|
|
399.00
|
472.85
|
73.85
|
1.07
|
21125
|
including
|
420.00
|
433.00
|
13.00
|
2.26
|
and
including
|
451.00
|
465.40
|
14.40
|
2.81
|
and
including
|
459.00
|
465.40
|
6.40
|
4.91
|
and
including
|
459.00
|
460.00
|
1.00
|
18.10
|
BR-120
|
|
309.50
|
355.60
|
46.10
|
1.66
|
21150
|
including
|
309.50
|
322.00
|
12.50
|
5.06
|
and
including
|
315.50
|
322.00
|
6.50
|
9.35
|
and
including
|
321.50
|
322.00
|
0.50
|
97.90
|
Hole
ID
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
BR-077
|
|
61.50
|
65.00
|
3.50
|
3.16
|
21325
|
including
|
64.00
|
64.50
|
0.50
|
18.80
|
and
|
82.00
|
158.10
|
76.10
|
0.34
|
including
|
104.00
|
104.50
|
0.50
|
4.32
|
BR-076
|
|
79.50
|
80.00
|
0.50
|
7.50
|
21350
|
BR-078
|
|
176.00
|
212.90
|
36.90
|
0.42
|
21450
|
BR-096
|
|
383.00
|
421.50
|
38.50
|
0.28
|
21550
|
BR-095
|
|
202.00
|
205.75
|
3.75
|
0.27
|
21575
|
BR-093
|
|
458.00
|
480.00
|
22.00
|
0.63
|
21700
|
including
|
463.60
|
474.00
|
10.40
|
1.00
|
and
|
507.05
|
508.50
|
1.45
|
2.00
|
BR-080
|
anomalous
|
|
|
|
|
21725
|
BR-081
|
|
172.50
|
175.50
|
3.00
|
1.10
|
21725
|
BR-092
|
|
178.80
|
191.00
|
12.20
|
0.22
|
21725
|
and
|
284.00
|
311.75
|
27.75
|
0.46
|
including
|
303.00
|
304.00
|
1.00
|
5.83
|
and
|
333.00
|
343.00
|
10.00
|
0.29
|
BR-079
|
|
42.50
|
56.00
|
13.50
|
0.21
|
21750
|
BR-083
|
|
163.80
|
164.20
|
0.40
|
4.18
|
21875
|
and
|
197.55
|
216.40
|
18.85
|
0.36
|
and
|
233.00
|
251.00
|
18.00
|
1.15
|
including
|
235.00
|
238.35
|
3.35
|
4.78
|
and
including
|
237.85
|
238.35
|
0.50
|
24.90
|
and
|
295.40
|
343.60
|
48.20
|
0.52
|
including
|
320.00
|
333.00
|
13.00
|
1.01
|
including
|
325.20
|
325.90
|
0.70
|
6.57
|
BR-094
|
|
458.00
|
482.50
|
24.50
|
0.58
|
21875
|
including
|
476.70
|
482.50
|
5.80
|
2.01
|
and
|
491.70
|
511.70
|
20.00
|
1.21
|
including
|
494.20
|
507.00
|
12.80
|
1.77
|
and
including
|
494.20
|
495.00
|
0.80
|
12.10
|
and
including
|
505.50
|
507.00
|
1.50
|
4.55
|
BR-082
|
|
103.00
|
116.75
|
13.75
|
0.30
|
21925
|
BR-084
|
|
189.50
|
191.00
|
1.50
|
3.15
|
22025
|
and
|
307.70
|
333.20
|
25.50
|
0.74
|
including
|
327.75
|
328.50
|
0.75
|
15.70
|
and
|
405.60
|
435.50
|
29.90
|
0.34
|
including
|
415.50
|
416.50
|
1.00
|
3.44
|
*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 < 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.
Other findings from the most recent drilling include:
- Two drill holes, BR-113 and 114 testing the North Fault target
returned anomalous gold values within iron formation and
metasediments. More follow up exploration of the North Fault target
will be undertaken once regional exploration recommences.
- Drill hole BR-091 on section 18350 is located outside of the
eastern limit of planned grid drilling and is the most
southeasterly drill hole trace shown on Figure 1 along the LP
Fault. It intersected anomalous gold values of up to 0.82 g/t over
1.6 metres in metasedimentary rocks. Future drilling in this area
will focus on identifying favorable felsic volcanic stratigraphy
which typically hosts gold mineralization along the LP Fault.
Approximately 220 drill holes remain to be completed as part of
the Company's ongoing 2020 LP Fault drill program. Additional
drill holes are also planned into the Dixie Limb and Hinge zones,
in additional to other regional targets. The Company remains
fully funded for this work and does not anticipate requiring
further financing in 2020.
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
|
Dip
|
Azimuth
|
BR-069
|
457399
|
5634240
|
359
|
-55
|
205
|
BR-076
|
456305
|
5634436
|
361
|
-55
|
231
|
BR-077
|
456370
|
5634531
|
360
|
-55
|
220
|
BR-078
|
456259
|
5634620
|
362
|
-60
|
220
|
BR-080
|
455975
|
5634707
|
371
|
-55
|
220
|
BR-081
|
456038
|
5634766
|
368
|
-55
|
220
|
BR-082
|
455876
|
5634861
|
373
|
-50
|
220
|
BR-083
|
455971
|
5634977
|
372
|
-54
|
220
|
BR-084
|
455894
|
5635078
|
374
|
-60
|
225
|
BR-085
|
456713
|
5634210
|
357
|
-55
|
210
|
BR-086
|
456758
|
5634287
|
357
|
-58
|
211
|
BR-087
|
456813
|
5634388
|
356
|
-58
|
212
|
BR-090
|
458906
|
5633773
|
351
|
-50
|
215
|
BR-091
|
459095
|
5633355
|
367
|
-55
|
210
|
BR-093
|
456202
|
5634980
|
374
|
-55
|
220
|
BR-094
|
456058
|
5635093
|
372
|
-55
|
220
|
BR-095
|
456201
|
5634751
|
365
|
-55
|
220
|
BR-096
|
456271
|
5634841
|
369
|
-55
|
220
|
BR-100
|
457543
|
5634184
|
363
|
-60
|
205
|
BR-101
|
457466
|
5634028
|
352
|
-60
|
205
|
BR-102
|
457569
|
5633927
|
351
|
-55
|
205
|
BR-113
|
456230
|
5635406
|
378
|
-46
|
45
|
BR-114
|
456229
|
5635404
|
378
|
-51
|
60
|
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 and Hinge). 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. Drill hole location information is provided
below:
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.