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Metals & Mining Gold

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to... see more

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Great Bear Resources Ltd. > Great Bear Intersects 10.1 G/T Gold Over 34.85 Metres In Lat

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Post by AwareInvestor on Jan 20, 2021 8:41am

Great Bear Intersects 10.1 G/T Gold Over 34.85 Metres In Lat

Great Bear Resources this morning released additional drill results from the ongoing drill program at the LP Fault of the flagship Dixie Project. A total of seven additional drill holes were released this morning, with the highlight value reported being 10.01 g/t gold over 34.85 metres, which was intersected at a depth of 50.50 metres within hole BR-218.

https://thedeepdive.ca/great-bear-intersects-10-1-g-t-gold-over-34-85-metres-in-latest-results-at-lp-fault/

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Comment by Goaweigh on Jan 20, 2021 9:45am

Looks like they realize they need to prove up a resource over a smaller area like 200 meters to maybe 400 meters or 5 % to 10 % of strike which the market can then extrapolate across the entire 4000 meters of strike. If PGM is valued at almost $ 900 Million on 2,000,000 Oz. and we can demonstrate we have 2,000,000 Oz. in only 1 section of maybe 400 meters then we should have a solid floor under ...more

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