Source: Streetwise Reports 03/25/2019
The exploration efforts of this Canadian company continue to yield positive results.
Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release drill results from the Hinge and the Limb zones at its Dixie project in Ontario’s Red Lake district.
The purpose of the Dixie Hinge holes was to continue testing that zone along strike and at depth. Because some of the Dixie Hinge zone holes crossed the adjacent Dixie Limb zone at shallow depths, the company could test both zones via the same drill holes.
As for Dixie Hinge, it continued to expand as the holes moved further out along strike and at depth. In the system of that zone, hole DHZ-031 hit four significant gold-bearing quartz veins along a 141 meter (141m) wide interval of increased quartz veining and alteration.
Highlight gold assays from that hole were 7.25m of 30.15 grams per ton (30.15 g/t), including 1.5m of 130.49 g/t, 4m of 11.72 g/t and 0.5m of 60.72 g/t. These high-grade intercepts occurred 20–60m west of previously reported drill hole DHZ-023, which also hit mineralization, 3.4m of 31.60 g/t gold. “The scale and strength of near-surface, multiveined gold mineralization at the Hinge zone continues to impress,” President and CEO Chris Taylor said in the release.
Regarding Dixie Limb, it continues to “define shallow, wide intervals of gold mineralization, including high-grade subintervals,” according to the release. Shallow drilling there demonstrated gold intercepts such as 39.2m of 2.07 g/t beginning at about 25m depth, including 9.2m of 5.43 g/t and including 0.7m of 20.46 g/t.
The results of four stepout holes completed outside of the Dixie Hinge zone indicated the need for follow-up drilling. Holes DHZ-024 and DHZ-025 intersected anomalous gold whose intercepts confirm the presence of gold in this new area. Gold assays were 0.92m of 1.46 g/t and 0.5m of 1.52 g/t.
Holes DL-038 and DL-039 hit a new “gold-mineralized silicified sediment zone similar to the Dixie Limb,” the release noted. Intercepts suggested there is either a continuation of the Dixie Limb zone or a new zone of gold mineralized sediments there.
Read what other experts are saying about:
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Great Bear Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
( Companies Mentioned: GBR:TSX.V; GTBDF:OTC,
)