TSX-V: GBR
VANCOUVER, Feb. 13, 2020 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear", TSX-V: GBR) today reported new
developments from its fully funded $21
million exploration program at its 100% owned flagship Dixie
Project in the Red Lake district
of Ontario.
The Company has completed a successful "first pass" 4.2
kilometre drill test of the LP Fault. All (100%) of 59
drill holes on 50 - 250 metre spacings have successfully
intersected gold mineralization. A long section
view of results is provided in Figure 1. A
continuously mineralized zone is now interpreted, the "LP Fault
zone", which remains open both along strike and at depth.
Previously disclosed LP Fault zone names (Bear-Rimini, Gap, Yuma,
Yauro, Auro and Viggo) will no longer be used in Great Bear's news
releases. Results will be provided by drill section on a
go-forward basis.
Great Bear is now undertaking a systematic grid drill program
testing a 2.5 square kilometre "panel" of the LP Fault (5
kilometres horizontally by 500 metres vertically from
surface). Drill spacing will initially average 100 metres
along strike and 75 metres vertically. Additional drilling
below 500 metres is also being undertaken. Up to 300
additional drill holes are required to complete this panel during
2020 and the Company is fully-funded for this work. Four
drill rigs are currently deployed along the LP Fault and a fifth
drill rig will be used to continue concurrent regional
exploration, including further LP Fault step-outs.
Highlights of current results include:
- Drill hole BR-068 intersected 10.58 g/t gold over
21.00 metres, including 48.98 g/t gold over 3.25 metres
on drill section 20750. Results demonstrate apparent
continuity of gold mineralization from surface to 305 metres
vertical depth, and increasing gold grades and interval widths
with increasing depth. BR-068 is located 1.8 kilometres
southeast of the LP Fault discovery hole DNW-011. Table
1 and Figure 2
- Drill hole BR-067 was completed on drill section 20600,
located 150 metres to the southeast of drill section 20750, and
intersected 10.95 g/t gold over 6.00 metres. Results
demonstrate apparent continuity of high-grade gold mineralization
over 400 vertical metres and apparent continuity across the 150
metre distance to drill section 20750. Gold was intersected
to 550 metres vertical depth. Figure 3.
- Drill hole BR-057, which is the second most southeasterly
hole intersecting the LP Fault to-date, returned 7.35 g/t
gold over 3.50 metres, including 38.03 g/t gold over 0.50
metres on drill section 18750. This hole is located
approximately 4.2 kilometres southeast of LP Fault discovery hole
DNW-011, and 1.85 kilometres southeast of drill section
20600. Figure 4.
A cross section through the original LP Fault discovery hole is
provided in Figure 5. Similar geology, structural
controls and gold mineralization are present in all areas along the
4.2 kilometres of the LP drilled to-date.
Chris Taylor, President and CEO
of Great Bear said, "We now interpret a continuous gold-mineralized
zone along more than four kilometres of strike length of the LP
Fault, which remains open to extension. Assay results,
geology, and oriented structural data suggest the zone hosts
steeply-dipping 'sheets' of disseminated high-grade gold
mineralization with significant strike length and vertical extent.
More detailed drilling is required to accurately delineate
the geometries of these high-grade 'sheets' and the boundaries of
the surrounding mineralized envelope. While the total LP
Fault target is many times larger (Zeng and Calvert, 2006; 14 kilometres deep and 20+
kilometres in length based on seismic data), we've selected a 2.5
square kilometre section, 5 kilometres long by 500 metres deep, for
grid drilling during 2020. This will help characterize the
gold mineralized system in preparation for more advanced studies in
2021 and has the potential to unlock significant potential
additional value for our shareholders. We will also continue
property wide drill testing of new targets, including further
step-outs on the LP Fault."
Table 1: Most recent results from drilling of the LP
Fault.
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
BR-023
|
|
490.00
|
495.00
|
5.00
|
0.52
|
20200
|
BR-033
|
|
390.15
|
408.60
|
18.45
|
0.26
|
21800
|
and
|
427.50
|
431.00
|
3.50
|
1.05
|
and
|
442.05
|
452.00
|
9.95
|
0.57
|
including
|
449.30
|
451.50
|
2.20
|
2.00
|
BR-050
|
|
267.90
|
274.00
|
6.10
|
1.25
|
18900
|
including
|
271.00
|
271.50
|
0.50
|
4.95
|
BR-051
|
|
451.00
|
456.50
|
5.50
|
4.00
|
18900
|
including
|
455.50
|
456.50
|
1.00
|
12.91
|
and
including
|
456.00
|
456.50
|
0.50
|
25.13
|
BR-057
|
|
222.80
|
238.15
|
15.35
|
2.09
|
18750
|
including
|
232.00
|
235.50
|
3.50
|
7.35
|
and
including
|
232.50
|
233.00
|
0.50
|
38.03
|
BR-058
|
|
140.00
|
145.50
|
5.50
|
0.60
|
18550
|
and
|
166.15
|
168.20
|
2.05
|
4.20
|
BR-059
|
|
484.50
|
488.50
|
4.00
|
1.14
|
18550
|
BR-061
|
|
15.00
|
23.00
|
8.00
|
0.53
|
19750
|
and
|
28.00
|
29.70
|
1.70
|
2.29
|
and
|
107.00
|
113.00
|
6.00
|
0.46
|
and
|
165.00
|
170.00
|
5.00
|
0.61
|
and
|
270.90
|
273.00
|
2.10
|
1.01
|
and
|
366.00
|
370.50
|
4.50
|
0.54
|
BR-062
|
|
197.00
|
206.00
|
9.00
|
0.46
|
19750
|
and
|
256.00
|
264.00
|
8.00
|
1.09
|
and
|
272.00
|
274.00
|
2.00
|
2.11
|
and
|
404.95
|
407.00
|
2.05
|
1.11
|
BR-063
|
|
149.00
|
154.00
|
5.00
|
0.49
|
19550
|
and
|
348.00
|
351.00
|
3.00
|
0.93
|
BR-064
|
|
271.00
|
279.20
|
8.20
|
2.46
|
19550
|
including
|
277.30
|
278.70
|
1.40
|
13.50
|
and
|
481.50
|
484.40
|
2.90
|
1.20
|
BR-066
|
|
299.40
|
340.50
|
41.10
|
0.72
|
20400
|
including
|
299.40
|
311.00
|
11.60
|
1.11
|
and
|
516.00
|
519.00
|
3.00
|
1.72
|
and
|
531.50
|
557.10
|
25.60
|
0.28
|
BR-067
|
|
259.00
|
280.50
|
21.50
|
0.53
|
20600
|
and
|
296.00
|
317.00
|
21.00
|
3.35
|
including
|
310.00
|
316.00
|
6.00
|
10.95
|
and
including
|
311.50
|
314.00
|
2.50
|
19.38
|
and
|
321.00
|
393.00
|
72.00
|
0.53
|
and
|
411.00
|
449.00
|
38.00
|
0.22
|
and
|
573.40
|
584.80
|
11.40
|
0.68
|
and
|
678.40
|
716.30
|
37.90
|
0.35
|
BR-068
|
|
355.40
|
382.00
|
26.60
|
8.45
|
20750
|
including
|
357.90
|
379.00
|
21.10
|
10.58
|
and
including
|
357.90
|
360.65
|
2.75
|
16.74
|
and
including
|
370.00
|
375.10
|
5.10
|
33.30
|
and
including
|
370.00
|
373.25
|
3.25
|
48.98
|
and
including
|
372.75
|
373.25
|
0.50
|
195.00
|
and
|
406.30
|
437.70
|
31.40
|
1.07
|
and
including
|
416.20
|
424.20
|
8.00
|
3.24
|
and
|
450.65
|
452.00
|
1.35
|
10.99
|
*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.
A map view of currently completed drill fences is provided in
Figure 6. The locations of the cross sections provided
in the previous figures are highlighted.
In order to place significant previously disclosed drill results
in spatial context, Table 2 provides section location
information for twenty previously disclosed drill holes with
highlighted gold intercepts. These intervals are also shown
visually in long section format in Figure 1.
The Company will post a complete table of all disclosed drill
holes with highlighted intervals from the LP Fault including
section information, drill collar locations, azimuths and dips on
the Company's web site at: www.greatbearresources.ca.
Table 3 provides drill collar location, azimuth and
dip information for the newly reported drill holes included in this
release.
Table 2: Highlighted intervals from twenty
previously released drill holes along the LP Fault, with section
location numbers included for reference.
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
BR-003
|
|
119.00
|
212.05
|
93.05
|
0.53
|
22375
|
BR-004
|
|
164.70
|
205.50
|
40.80
|
1.00
|
22375
|
BR-012
|
and
|
208.00
|
288.00
|
80.00
|
0.60
|
22375
|
BR-018
|
|
270.20
|
314.60
|
44.40
|
1.05
|
22250
|
BR-019
|
|
119.00
|
167.90
|
48.90
|
0.73
|
22250
|
BR-020
|
|
81.00
|
134.70
|
53.70
|
4.20
|
20100
|
BR-020
|
including
|
90.00
|
132.00
|
42.00
|
5.28
|
|
BR-020
|
and
including
|
90.75
|
108.00
|
17.25
|
10.65
|
|
BR-020
|
and
including
|
90.75
|
94.00
|
3.25
|
48.08
|
|
BR-020
|
and
including
|
90.75
|
92.25
|
1.50
|
101.71
|
|
BR-021
|
|
70.00
|
77.00
|
7.00
|
6.21
|
20250
|
BR-021
|
including
|
70.00
|
71.00
|
1.00
|
42.72
|
|
BR-022
|
|
461.60
|
512.00
|
50.40
|
1.78
|
|
BR-022
|
including
|
471.00
|
512.00
|
41.00
|
2.09
|
|
BR-022
|
and
including
|
505.20
|
508.75
|
3.55
|
14.90
|
|
BR-022
|
and
including
|
506.20
|
506.70
|
0.50
|
100.48
|
|
BR-035
|
|
234.50
|
273.00
|
38.50
|
1.77
|
20750
|
BR-035
|
including
|
244.50
|
270.50
|
26.00
|
2.55
|
|
BR-035
|
and
including
|
261.00
|
270.50
|
9.50
|
6.02
|
|
BR-035
|
and
including
|
268.00
|
270.50
|
2.50
|
15.02
|
|
BR-035
|
and
|
289.70
|
345.80
|
56.10
|
1.26
|
|
BR-035
|
and
including
|
340.50
|
345.80
|
5.30
|
9.20
|
|
BR-036
|
|
55.60
|
93.00
|
37.40
|
5.14
|
20600
|
BR-036
|
including
|
58.80
|
77.00
|
18.20
|
10.32
|
|
BR-036
|
and
including
|
63.30
|
66.60
|
3.30
|
21.33
|
|
BR-036
|
and
including
|
71.85
|
76.00
|
4.15
|
22.74
|
|
BR-036
|
and
including
|
71.85
|
74.50
|
2.65
|
32.00
|
|
BR-037
|
|
68.50
|
74.50
|
6.00
|
16.60
|
20600
|
BR-037
|
including
|
68.50
|
70.80
|
2.30
|
28.61
|
|
BR-037
|
and
|
86.00
|
152.20
|
66.20
|
2.01
|
|
BR-037
|
including
|
89.97
|
91.70
|
1.73
|
35.96
|
|
BR-037
|
and
including
|
89.97
|
90.47
|
0.50
|
111.84
|
|
BR-037
|
and
|
189.00
|
214.25
|
25.25
|
5.60
|
|
BR-037
|
and
including
|
206.15
|
214.25
|
8.10
|
13.73
|
|
BR-037
|
and
including
|
206.65
|
210.10
|
3.45
|
30.66
|
|
BR-037
|
and
including
|
206.65
|
208.25
|
1.60
|
59.05
|
|
BR-040
|
|
360.50
|
432.10
|
71.60
|
1.39
|
22250
|
BR-040
|
including
|
401.30
|
422.00
|
20.70
|
2.22
|
|
BR-041
|
and
|
72.60
|
146.60
|
74.00
|
0.67
|
21950
|
BR-042
|
|
217.70
|
259.50
|
41.80
|
1.13
|
21950
|
BR-042
|
and
|
264.60
|
302.55
|
37.95
|
1.13
|
|
BR-043
|
|
318.50
|
443.90
|
125.40
|
1.08
|
21950
|
BR-043
|
including
|
348.00
|
437.80
|
189.80
|
1.31
|
|
BR-045
|
|
287.45
|
323.00
|
35.55
|
1.05
|
|
BR-060
|
|
284.00
|
333.00
|
49.00
|
1.74
|
|
BR-060
|
including
|
295.00
|
311.00
|
16.00
|
3.82
|
20100
|
BR-060
|
and
including
|
302.00
|
311.00
|
9.00
|
6.30
|
|
BR-060
|
and
including
|
306.70
|
311.00
|
4.30
|
11.95
|
|
BR-065
|
and
|
251.60
|
260.30
|
8.70
|
48.67
|
19950
|
BR-065
|
including
|
252.55
|
256.90
|
4.35
|
97.00
|
|
BR-065
|
and
including
|
252.55
|
256.30
|
3.75
|
112.15
|
|
BR-065
|
and
including
|
253.60
|
254.80
|
1.20
|
241.88
|
|
BR-075
|
|
55.00
|
59.15
|
4.15
|
16.80
|
21150
|
BR-075
|
and
|
125.25
|
170.80
|
45.55
|
1.25
|
|
BR-075
|
including
|
132.25
|
151.50
|
19.25
|
2.05
|
|
DNW-011
|
|
58.00
|
60.00
|
2.00
|
194.21
|
22375
|
DNW-011
|
including
|
58.00
|
58.50
|
0.50
|
759.38
|
|
DNW-011
|
|
72.50
|
93.00
|
20.50
|
8.48
|
|
DNW-011
|
including
|
75.00
|
89.00
|
14.00
|
12.33
|
|
DNW-011
|
and
including
|
75.95
|
80.55
|
4.60
|
19.33
|
|
DNW-011
|
and
including
|
78.45
|
80.55
|
2.10
|
60.27
|
|
DNW-011
|
and
including
|
78.45
|
79.55
|
1.10
|
98.78
|
|
DNW-011
|
and
including
|
78.95
|
79.55
|
0.60
|
130.97
|
|
DNW-011
|
and
|
98.00
|
169.60
|
71.60
|
0.60
|
|
DNW-011
|
including
|
119.00
|
169.60
|
50.60
|
0.74
|
|
*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.
Table 3: Drill hole information for new drill
results reported in this release. UTM NAD 83.
Hole
ID
|
Easting
|
Northing
|
Elevation
(m)
|
Dip
|
Azimuth
|
BR-023
|
457357
|
5634139
|
356
|
-55
|
205
|
BR-033
|
456118
|
5635007
|
371
|
-49
|
215
|
BR-050
|
458605
|
5633677
|
357
|
-50
|
216
|
BR-051
|
458725
|
5633836
|
358
|
-50
|
216
|
BR-057
|
458749
|
5633559
|
360
|
-50
|
213
|
BR-058
|
458897
|
5633419
|
365
|
-50
|
215
|
BR-059
|
459069
|
5633672
|
350
|
-50
|
215
|
BR-061
|
457739
|
5633841
|
365
|
-55
|
216
|
BR-062
|
457856
|
5634014
|
363
|
-55
|
216
|
BR-063
|
457938
|
5633777
|
364
|
-55
|
214
|
BR-064
|
458033
|
5633913
|
368
|
-55
|
216
|
BR-066
|
457263
|
5634327
|
355
|
-53
|
213
|
BR-067
|
457097
|
5634338
|
356
|
-60
|
213
|
BR-068
|
457018
|
5634402
|
357
|
-58
|
217
|
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 SGS Canada Inc. in Red Lake,
Ontario, and Activation Laboratories in Ontario, both of which are accredited mineral
analysis laboratories, 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.