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Great Bear to begin drilling Dixie Aug. 23
2021-08-19 07:36 ET - News Release
Mr. Chris Taylor reports
GREAT BEAR BEGINS PHASE 2 DRILLING AT DIXIE PROJECT
Great Bear Resources Ltd. has provided an update regarding its continuing fully financed $45-million 2021 exploration program at its 100-per-cent-owned flagship Dixie project in the Red Lake district of Ontario.
Significant improvements in the forest fire situation in Northwestern Ontario have allowed the Ministry of Northern Development, Mines, Natural Resources and Forestry (MNRF) of Ontario to remove a work suspension order which was originally issued on July 21 st, which had restricted industrial activities over a large area of the Province. With the work suspension rescinded on August 18 th, Great Bear will now commence Phase 2 drilling, consisting of:
Ongoing expansion drilling of the LP Fault below 450 metres depth, and along strike beyond the 4 kilometre long Phase 1 grid drilling area,
Any additional infill drilling of the Phase 1 LP Fault grid drilling area that may be required,
Expansion and infill drilling of the Hinge, Limb and Arrow zones, and
Testing of new regional targets at Dixie.
Drills are expected to be active on the Dixie property as of Monday, August 23 rd.
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 principal styles of gold mineralization:
High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). 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 200 km2 of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.
Qualified Person and NI 43-101 Disclosure
Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects 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.