Great Bear Resources Ltd. GTBAF

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 expand and infill nearby high-grade gold zones, as well as to test new regional targets.

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Great Bear Resources Ltd.

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Post by lechmeiron Jan 20, 2021 7:35am

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Post# 32331759

News

Great Bear Releases Seven Additional Near-Surface Drill Holes Including 10.01 g/t Gold Over 34.85 m, and 15.68 g/t Gold Over 11.75 m at LP Fault

TSX-V: GBR
VANCOUVER, BC, Jan. 20, 2021 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) today reported results from its ongoing $25 million fully funded 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, President and CEO of Great Bear said, "Results from over 50 drill holes are expected to be received between now and the end of February 2021, marking our most active period of incoming results in the Dixie Project's history. Today's results consist of near-surface drill holes targeting the same high-grade domain on tight 25 metre centres along 200 metres of the LP Fault zone, demonstrating exceptional continuity of high-grade gold mineralization extending to bedrock surface."
This news release provides results from 7 additional LP Fault drill holes over 200 metres of strike length on 7 drill sections. Great Bear has now published results from 227 LP Fault drill holes and anticipates up to 400 LP Fault drill holes will be completed by the end of 2021. Figure 1 and Table 1.