Great Bear Resources (TSXV:GBR, OTC:GTBDF) today reported a significant new high-grade gold discovery in the Hinge Zone at its Dixie Project in the Red Lake District of Ontario. Drill results are provided in Table 1 and include:
- Drill hole DHZ-003 returned 16.35 metres of 26.91 g/t gold including separate sub-intervals of 5.05 metres of 51.39 g/t gold, and 1.0 metre of 112.63 g/t gold
- Drill hole DHZ-004, a follow-up drill hole completed 15 metres vertically below DHZ-003 intersected higher-grade gold mineralization, returning 7.00 metres of 44.47 g/t gold, including 2.00 metres of 143.24 g/t gold, which includes 1.00metre of 224.03 g/t gold
- The newly reported intercepts from the Hinge Zone are shallow, occurring above 110 metres vertical depth and are open in all directions
- As announced on May 23, 2018, Great Bear closed a financing and received funds from warrant exercises totalling $2.1 million and is fully funded to drill the remaining 5,000 metres of the current 10,000 metre drill program which commenced in March 2018
Chris Taylor, M.Sc. P.Geo, CEO of Great Bear said, “We recently recognized the potential for a transformative discovery at Great Bear’s Dixie project when we noted structurally controlled high grade gold within quartz veins, flanked by red-brown hydrothermal biotite alteration. These features, combined with increased grades and zone thicknesses at fold hinges, are key characteristics of high grade gold deposits currently in production in Red Lake. The missing piece at Dixie was whether we would also see gold enrichment at fold hinges at our project. We tested the fold hinge concept at shallow depths of approximately 100 vertical metres and successfully generated the high-grade gold results announced today.”
R. Bob Singh, P.Geo, Director and VP Exploration of Great Bear continued, “We made the current discovery by analyzing structural data collected from oriented drill core, which pointed us to a local D2 fold hinge. Our first hole, DHZ-003, encountered a wide interval of quartz veining with visible gold and we immediately followed up with a second hole, DHZ-004, which also hit the zone and encountered even stronger grades. In total the Hinge Zone has been intersected in 8 drill holes over 70 vertical metres, all of which contain high grade gold. The zone remains open in all directions. We look forward to further testing the Hinge Zone and other new discoveries through the remaining 5,000 metres and estimated 20 – 25 drill holes of our fully-funded summer 2018 drill program.”
A cross section through the Hinge Zone is provided in Figure 1. Highlighted drill intervals from other targets are provided in Table 2. A map of current drill locations is provided in Figure 2. Photographs of the drill core from holes DHZ-003 and DHZ-004 have been posted to the Company’s web site at www.greatbearresources.ca.
Table 1: Latest drill results from new discovery holes in the Hinge Zone. All intervals are drill indicated, as there has been insufficient drilling in the Hinge Zone to define true thicknesses.
| Drill Hole | From (m) | To (m) | Width (m) | Gold (g/t) | |
| DHZ-003 | 118.3 | 141.15 | 22.85* | 19.33 | |
| including | 124.8 | 141.15 | 16.35 | 26.91 | |
| including | 124.8 | 137.10 | 12.30 | 34.00 | |
| including | 132.05 | 137.10 | 5.05 | 51.39 | |
| including | 127.10 | 128.10 | 1.00 | 112.63 | |
| DHZ-004 | 124.50 | 131.50 | 7.00 | 44.47 | |
| including | 124.50 | 128.30 | 3.80 | 81.09 | |
| including | 124.50 | 126.50 | 2.00 | 143.25 | |
| including | 125.50 | 126.50 | 1.00 | 224.03 |
*The interval contains a 2.75 m section of 0.02 g/t gold from 129.00 m to 131.75 m.
Main Dixie Limb Drilling
Drilling within the main Dixie Limb Zone (“DLZ”) continues to successfully intersect gold mineralization, including high grade intervals.
Drill hole DL-021 returned 9.50 metres of 3.60 g/t gold including 5.00 metres of 5.48 g/t gold, which included 0.50 metres of 19.03 g/t gold. The intercept in drill hole DL-021 is located 13 metres vertically below drill hole DL-020, which returned 16.80 metres of 5.60 grams gold, including 2.70 metres of 14.92 grams gold, as reported by the Company on August 2, 2018. The current results show continuity of high grade gold mineralization at the targeted geological contact.
The Company will continue to drill the main DLZ in order to define the size and grade of the mineralized system, and the geometry of its high grade gold mineralized zones.
Northwest Step-Out Drilling
The Company is analyzing geological and structural data from oriented drill core in the vicinity of a 1.6 kilometre step-out along the DLZ in order to guide upcoming drilling. In particular, the same methodology is being applied that was utilized at the Hinge Zone and DLZ during Great Bear’s recent discoveries, with a focus on modeling potential fold geometries, and the plunge of gold-mineralized zones.
Four additional drill holes were completed in this area, all of which encountered gold mineralization ranging from anomalous to high grade. Drill hole DNW-004 intersected 3.20 metres of 1.71 g/t gold including 0.50 metres of 9.02 g/t gold at a vertical depth of less than 70 metres. This drill hole is collared approximately 20 metres northeast of drill hole DNW-001 which returned 5.60 metres of 3.52 g/t gold including 1.40 metres of 12.74 g/t gold, as disclosed by the Company on June 27, 2018.
Figure 1: Cross section through the Hinge Zone, showing drill results to-date. View direction is to the East.
To view an enhanced version of Figure 1, please visit:
http://orders.newsfilecorp.com/files/5331/38219_a1534944599393_46.jpg
Table 2: Latest highlighted drill results from the main DLZ and Northwest Step-out
| Drill Hole | From (m) | To (m) | Width (m) | Gold (g/t) | Comment | |
| DL-021 | 188.50 | 198.00 | 9.50 | 3.60 | Main DLZ | |
| including | 193.00 | 198.00 | 5.00 | 5.48 | ||
| including | 194.65 | 195.15 | 0.50 |