Mr. Chris Taylor reports
GREAT BEAR DRILLS DEEPER IN THE HINGE ZONE - 28.37 G/T GOLD OVER 3.70 M INCLUDING 200 G/T GOLD OVER 0.5 M; NEW GOLD ZONES DRILLED ACROSS PROPERTY
Great Bear Resources Ltd. has provided drill results from the Dixie Hinge zone (DHZ) and other new gold zones at its 100-per-cent-owned Dixie project in the Red Lake district of Ontario.
The company recently completed 30-metre and 100-metre step-down drill holes along the projected plunge and dip of two high-grade gold trends within the DHZ. Both hit identical styles of high-grade gold mineralization as above. The Hinge zone appears to have significant high-grade depth potential.
Hinge zone drill results are provided in the "Most recent drill results from Hinge Zone drilling" table. Highlights of current DHZ drilling include:
- Drill hole DHZ-039 intersected 3.70 metres of 28.37 grams per tonne gold, including a very-high-grade interval of 0.5 metre of 200.25 g/t gold (1.64 feet of 6.44 ounces per ton). This is the deepest high-grade intercept in the DHZ to date.
- DHZ-039 is a 28-metre step-down along the down-plunge projection of the gold intercept in drill hole DHZ-029, which had returned 1.30 metres of 21.02 g/t gold as disclosed on March 21, 2019.
- Drill hole DHZ-033 intercepted multiple high-grade gold-bearing veins. Vein 1: 13.58 g/t gold over 3.10 metres, including 0.80 metre of 29.30 g/t gold. Vein 2: 4.10 metres of 8.22 g/t gold, including 0.55 metre of 46.57 g/t gold. Vein 3: 5.80 metres of 2.46 g/t gold, including 1.70 metres of 7.49 g/t gold.
- Drill hole DL-043 was drilled across the adjacent Dixie Limb zone and into the Hinge zone approximately 100 metres down-dip of previous DHZ drilling.
- DL-043 returned 1.50 metres of 11.65 g/t gold, including 0.50 metre of 34.07 g/t gold.
- Thirty-two of 51 drill holes (63 per cent) completed by Great Bear within the DHZ to date have intersected intervals containing greater than 15 g/t gold.
Chris Taylor, president and chief executive officer of Great Bear, said, "With 28-metre and 100-metre step-downs continuing to hit high-grade gold mineralization, the DHZ discovery yields something exceedingly rare in our industry: The more Great Bear drills it, the more compelling the target becomes."
MOST RECENT DRILL RESULTS FROM HINGE ZONE DRILLING
Drill hole From (m) To (m) Width* (m) Gold (g/t) Vertical depth (m) Vein
DHZ-032 161.90 162.95 1.05 25.39 146 1
DHZ-032 including 161.90 162.45 0.55 45.75
DHZ-032 and including 167.80 170.55 2.75 3.47 152 2
DHZ-033 126.20 129.30 3.10 13.58 120 1
DHZ-033 including 126.20 128.80 2.60 15.43
DHZ-033 and including 128.00 128.80 0.80 29.30
DHZ-033 and 160.70 165.90 5.20 6.56 153 2
DHZ-033 including 161.80 165.90 4.10 8.22
DHZ-033 and including 164.85 165.90 1.05 26.93
DHZ-033 and including 164.85 165.40 0.55 46.57
DHZ-033 and 186.20 192.00 5.80 2.46 177 3
DHZ-033 including 190.30 192.00 1.70 7.49
DHZ-034 113.80 129.10 15.30 1.42 104 1
DHZ-034 including 116.60 117.10 0.50 5.51
DHZ-034 and including 121.40 122.70 1.30 7.08
DHZ-034 and 152.60 156.25 3.65 3.89 132 2
DHZ-034 including 153.15 156.25 3.10 4.30
DHZ-034 and including 155.70 156.25 0.55 16.64
DHZ-035 160.40 160.90 0.50 54.80 145 1
DHZ-035 and 207.50 208.50 1.00 2.32 187 2
DHZ-036 149.20 150.70 1.50 13.25 130 1
DHZ-036 including 150.20 150.70 0.50 39.39
DHZ-036 and 188.00 190.00 2.00 6.95 162 2
DHZ-036 including 188.50 190.00 1.50 9.15
DHZ-036 and including 189.00 189.50 0.50 24.83
DHZ-037 145.60 147.00 1.40 4.99 134 1
DHZ-037 and 190.90 191.40 0.50 3.20 174 2
DHZ-038A 182.50 183.00 0.50 4.71 162 1
DHZ-038A and 203.00 207.00 4.00 2.76 182 2
DHZ-038A including 203.50 204.50 1.00 10.40
DHZ-038A and 238.50 240.00 1.50 3.39 211 3
DHZ-039 272.70 276.40 3.70 28.37 247 1
DHZ-039 including 274.90 275.40 0.50 200.25
DL-043 270.00 271.50 1.50 11.65 206 1
DL-043 including 270.00 271.10 1.10 15.83
DL-043 and including 270.00 270.50 0.50 34.07
* Reported width is determined to be 90 to 95 per cent of true width based on intersection points of the
drill hole intercept with the geological model and oriented drill core data.The company continues to undertake a fully financed, 60,000-metre drill program that is expected to continue through 2019. In order to accelerate the program, a second drill rig was added in early 2019 and a third drill rig is expected in the near future. Approximately 40,000 metres of drilling remain in the current program.
Additional gold results
The company also reports test drilling in other areas of the project has returned new gold results, summarized in the "Drill results from other targets across the Dixie property" table. The goal of regional drilling is to identify key geological features which may present further targets for DHZ or Dixie Limb (DL) style gold zones. Key results of regional drilling to date include:
- Widespread variably gold-bearing veins form halos around high-grade veins in the DHZ. The total approximate true width of gold-bearing veining increases to over 120 metres (400 feet) as Great Bear drills farther west in the Hinge zone, and into the previously reported DSL and DMS areas. At present, results suggest the centre of high-grade gold vein development is located west of Great Bear's original Hinge zone discovery, and possibly at depth below the DMS and DSL targets.
- Similar widespread gold-bearing veins have been intersected along a large deep-seated regional structure extending across approximately 20 kilometres of the property. The structure is a high strain zone forming the boundary between mafic and ultramafic rocks to the southwest from largely felsic to intermediate volcanic rocks to the northeast. Three drill holes completed into this structure have all returned low to moderate grade gold, including 34.60 metres of 0.55 gram per tonne gold, which included 2.50 metres of 2.25 g/t gold less than 10 metres from surface in DNW-008. Results are coded DNE and DNW in the "Drill results from other targets across the Dixie property" table. A new look-alike to the Dixie Limb zone sediment-hosted silica replacement zone with gold has been intercepted 400 metres to the west of the Hinge zone. These drill holes are coded DMS.
- DMS-003 intersected 1.00 metre of 12.93 g/t gold within a broader interval of 4.65 metres of 3.04 g/t gold. The size, orientation and depth extent of this zone all remain unknown, as more drilling is required. This is a promising new target that appears to overlie the western, down-plunge projection of the Hinge zone vein swarm, and has likely been mineralized by the same gold event.
- The previously described South Limb zone, coded DSL in the "Drill results from other targets across the Dixie property" table, is interpreted to be the near-surface continuation of the westerly plunging DHZ vein swarm.
- Very shallow drilling was completed with drill holes DSL-019 to DSL-021 testing from approximately 45- to 70-metre vertical depth. These successfully returned near-surface gold mineralization, including 2.00 metres of 4.08 g/t gold which includes 1.00 metre of 7.99 g/t gold. These holes are interpreted to be situated above the plunge of higher grade DHZ gold veins.
Mr. Taylor said: "The DHZ vein swarm appears to affect at least several hundred metres of strike length, trending generally east-west roughly parallel to the local D2 fold axis. Steeply plunging gold zones related to the DHZ veining are interpreted to project beneath the DSL and DMS areas, as shown on our sections and maps. Drill results to date show strengthening alteration and gold grades with increasing depth in these areas, consistent with this model."
Regarding regional exploration, Mr. Taylor said: "Our initial drilling into the property's large deep-seated crustal structure/high strain zone has returned gold in all drill holes to date across more than 2.5 kilometres of strike length. This gold system has a multikilometre footprint, and we are looking for structural intersections and geological contacts adjacent to this feature that could further concentrate gold, such as has occurred at the D2 fold axis near the DHZ and DL. In most mesothermal gold districts, it's the second-order structures and geological contacts adjacent to the largest structures that localize high-grade gold. Several second-order targets of this type are present near our large structure at Dixie, and these will be targeted with future drilling."
DRILL RESULTS FROM OTHER TARGETS ACROSS THE DIXIE PROPERTY
Drill hole From (m) To (m) Width* (m) Gold (g/t) Vertical depth (m) Target
DNW-008 8.00 42.60 34.60 0.55 21 Large structure to north of DL/DHZ
including 9.00 11.50 2.50 2.25
DNW-009 188.00 188.80 0.80 0.19 153
DNW-010 91.50 93.00 1.50 0.14 76
DNE-001 73.00 74.00 1.00 0.99 60 Large structure to east of DL/DHZ
174.00 184.50 10.50 0.31 146
212.70 216.00 3.30 1.16 174
DNE-002 73.00 74.00 1.00 0.99 56
160.50 163.50 3.00 0.65 119
264.00 265.50 1.50 0.70 191
DNE-003 62.00 63.00 1.00 0.41 50
DNE-004 102.20 102.80 0.60 0.65 85
DMS-003 79.35 84.00 4.65 3.04 66 New DL style zone west of DHZ
including 79.35 81.00 1.65 8.39
and including 80.00 81.00 1.00 12.93
99.85 114.75 14.90 0.26 87
DMS-004 108.00 108.50 0.50 0.52
DL-047 235.10 236.20 1.10 0.71 203 DL
DSL-019 72.15 77.50 5.35 0.80 56 Above DHZ plunge to west
DSL-020 81.00 83.00 2.00 4.08 67
including 81.00 82.00 1.00 7.99
DSL-021 65.00 66.00 1.00 2.59 57
* All reported widths are drill indicated core length. Insufficient data have been collected at this time to determine
true widths.
** These drill holes have intersected mineralized sediments in the footwall of the local D2 axial planar fault located
south the DL and east of the DHZ. They may represent a new zone, or offset continuation of the DL.About Great Bear Resources Ltd.
The Dixie property is located approximately 15 minutes drive along Highway 105 from downtown Red Lake, Ont. The Red Lake mining district has produced over 30 million ounces of gold and is one of the premier mining districts in Canada, benefiting from major active mining operations including the Red Lake gold mine of Goldcorp Inc., plus modern infrastructure and a skilled work force. The Dixie property covers a drill and geophysically defined 10 kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100-per-cent royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear's Red Lake projects are accessible year-round through existing roads.
Drill core is logged and sampled in a secure core storage facility located in Red Lake, Ont. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ont., and Activation Laboratories in Ancaster, Ont., both of which are accredited mineral analysis laboratories, for analysis. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analyzed utilizing standard fire assay-gravimetric methods. Selected samples with visible gold are also analyzed with a standard one-kilogram 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 (QA/QC). No QA/QC issues were noted with the results reported herein.
R. Bob Singh, PGeo, director and vice-president of exploration, and Andrea Diakow, PGeo, 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.
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