Great Bear Resources Ltd reported mobilization of a third drill rig to its 100% owned Dixie Project in the Red Lake District of Ontario, as part of its ongoing fully-funded 60,000 metre drill program. The third drill will target the new Bear-Rimini Zone and the LP Fault, which is the 18 kilometre long structural target that is adjacent to, and partially hosts. Drilling is expected to begin at the Bear-Rimini Zone using the third drill rig within a few days.
The Bear-Rimini discovery consists of multiple zones of shallow high-grade gold mineralization in drill hole DNW-011. Highlight intervals include 14.00 metres of 12.33 g/t gold including 4.60 metres of 30.90 g/t gold, and 2.00 metres of 194.21 g/t gold including 0.50 metres of 759.38 g/t gold (see Great Bear news release of May 28th, 2019). The high-grade gold intervals were intersected at less that 100 metres vertical depth in the footwall of the LP Fault. Mineralization within the fault zone itself returned a separate interval of 50.60 metres of 0.74 g/t gold. 15 additional historical drill holes have also cut the LP Fault along 2.5 kilometres of strike length and intercepted similar lower-grade mineralization to that observed within the fault in DNW-011.
Chris Taylor, President and CEO of Great Bear said that the Company will continue to systematically and rapidly explore the high-grade gold zones discovered to date, plus several additional high priority targets that have also been identified across the property.