Great Bear Reports Successful LP Fault Extension and Infill Drilling: 10.50 g/t Gold Over 13.10 m, 16.50 g/t Gold Over 6.25 m, and 11.18 g/t Gold Over 6.75 m

 
 

  TSX-V:  GBR  

 

Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $45 million 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, "Predictability is a trait that builds first-class mineral deposits, distinguishing the 'best of the best'.  With every week that goes by, we successfully expand and fill in the LP Fault zone precisely because of its impressive, predictable continuity.  In four months so far in 2021, we've already extended the area of drill-defined continuous gold mineralization at the LP Fault by approximately 25%.  At the scale of the LP Fault, this is an impressive achievement with few current exploration stage parallels."

 

With the 13 drill holes included in this release, Great Bear has released 283 LP Fault drill holes and anticipates at least 117 additional LP Fault drill holes will be completed by the end of 2021, for a total of at least 400 drill holes .

 

   Highlights of Current Results   

 
  • Drill holes reported in this release intersected the LP Fault zone from approximately 25 to 500 metres vertical depth along 1.7 kilometres of strike length.    Figure 1   and   Figure 2   .
  •  
  • Drill holes were located a) below previous drilling , and b) within 75 to 100 metre previously undrilled gaps in the zone.   Table 1   .
  •  
  • Two drill holes are step-downs that extend gold mineralization by more than 100 metres below previous drilling on two drill sections, expanding the LP Fault zone to depth in these locations.
  •  
    • BR-284, a 125 metre step-down, assayed 11.18 g/t gold over 6.75 metres from 524.20 to 530.95 metres downhole, and
    •  
    • BR-291, a 139 metre step-down, assayed 1.00 g/t gold over 96.10 metres from 477.00 to 573.10 metres downhole . This included a high-grade core of 16.41 g/t gold over 2.40 metres from 485.00 to 487.40 metres downhole.
    •  
  • Infill drilling within 75 – 100 metre previously undrilled gaps in the zone also continues to deliver high-grade and bulk-tonnage gold intercepts.
  •  
    • BR-272 assayed 10.50 g/t gold over 13.10 metres from 313.20 to 326.30 metres downhole. A high-grade core assaying 33.35 g/t gold over 3.70 metres was present from 313.20 to 316.90 metres downhole.
    •  
    • BR-247 assayed 16.50 g/t gold over 6.25 metres from 365.00 to 371.25 metres downhole. This included a high-grade core of 169.00 g/t gold over 0.50 metres from 369.50 to 370.00 metres downhole.
    •  

  Results continue to demonstrate excellent continuity of high-grade and bulk-tonnage gold mineralization.  The LP Fault zone remains open to extension in all directions .

 

  Table   1   : Current drill results from the LP Fault.  Results are arranged by drill section from southeast (top) to northwest (bottom).

 
 
                                                                                                                                                                                                                                                                                                      
 

   Drill Hole   

 
 
 

   From (m)   

 
 

   To (m)   

 
 

   Width* (m)   

 
 

   Gold (g/t)   

 
 

   Section   

 
 

  BR-281  

 
 
 

  170.25  

 
 

  174.00  

 
 

  3.75  

 
 

  1.04  

 
 

  20300  

 
 
 

  and  

 
 

  254.00  

 
 

  255.00  

 
 

  1.00  

 
 

  4.51  

 
 
 

  BR-282  

 
 
 

   396.50   

 
 

   440.20   

 
 

   43.70   

 
 

   0.96   

 
 

  20750  

 
 
 

   including   

 
 

   396.50   

 
 

   397.50   

 
 

   1.00   

 
 

   33.40   

 
 
 
 

  and  

 
 

  453.80  

 
 

  456.60  

 
 

  2.80  

 
 

  0.99  

 
 
 

  BR-284  

 
 
 

   518.25   

 
 

   530.95   

 
 

   12.70   

 
 

   6.20   

 
 

  20775  

 
 
 

   including   

 
 

   524.20   

 
 

   530.95   

 
 

   6.75   

 
 

   11.18   

 
 
 
 

   and including   

 
 

   527.10   

 
 

   527.70   

 
 

   0.60   

 
 

   76.10   

 
 
 

  BR-283  

 
 
 

   400.50   

 
 

   423.55   

 
 

   23.05   

 
 

   1.05   

 
 

  20850  

 
 
 

  including  

 
 

  402.40  

 
 

  410.50  

 
 

  8.10  

 
 

  2.59  

 
 
 
 

   and   

 
 

   441.00   

 
 

   468.05   

 
 

   27.05   

 
 

   1.00   

 
 
 
 

   including   

 
 

   464.90   

 
 

   466.20   

 
 

   1.30   

 
 

   10.20   

 
 
 

  BR-247  

 
 
 

   365.00   

 
 

   371.25   

 
 

   6.25   

 
 

   16.50   

 
 

  21025  

 
 
 

  including  

 
 

   368.00   

 
 

   370.00   

 
 

   2.00   

 
 

   51.05   

 
 
 
 

  and including  

 
 

   369.50   

 
 

   370.00   

 
 

   0.50   

 
 

   169.00   

 
 
 
 

  and  

 
 

  446.65  

 
 

  447.15  

 
 

  0.50  

 
 

  16.90  

 
 
 

  BR-248  

 
 
 

   30.25   

 
 

   31.00   

 
 

   0.75   

 
 

   21.50   

 
 

  21025  

 
 
 

  and  

 
 

  295.00  

 
 

  296.50  

 
 

  1.50  

 
 

  1.81  

 
 
 
 

  and  

 
 

  418.85  

 
 

  419.60  

 
 

  0.75  

 
 

  1.25  

 
 
 

  BR-290  

 
 
 

   402.10   

 
 

   423.00   

 
 

   20.90   

 
 

   1.07   

 
 

  21050  

 
 
 

  including  

 
 

  411.00  

 
 

  417.25  

 
 

  6.25  

 
 

  2.89  

 
 
 

  BR-291  

 
 
 

  322.90  

 
 

  326.90  

 
 

  4.00  

 
 

  1.12  

 
 

  21075  

 
 
 

   and   

 
 

   477.00   

 
 

   573.10   

 
 

   96.10   

 
 

   1.00   

 
 
 
 

   including   

 
 

   482.00   

 
 

   488.50   

 
 

   6.50   

 
 

   7.78   

 
 
 
 

   and including   

 
 

   485.00   

 
 

   487.40   

 
 

   2.40   

 
 

   16.41   

 
 
 
 

   and including   

 
 

   522.00   

 
 

   522.50   

 
 

   0.50   

 
 

   20.40   

 
 
 
 

  and  

 
 

  579.70  

 
 

  584.30  

 
 

  4.60  

 
 

  1.42  

 
 
 
 

  including  

 
 

  583.70  

 
 

  584.30  

 
 

  0.60  

 
 

  9.38  

 
 
 

  BR-249  

 
 
 

   327.35   

 
 

   338.10   

 
 

   10.75   

 
 

   2.39   

 
 

  21125  

 
 
 

   including   

 
 

   334.35   

 
 

   338.10   

 
 

   3.75   

 
 

   5.28   

 
 
 

  BR-273  

 
 
 

  183.00  

 
 

  186.00  

 
 

  3.00  

 
 

  1.09  

 
 

  21925  

 
 
 

  and  

 
 

  413.00  

 
 

  417.10  

 
 

  4.10  

 
 

  3.69  

 
 
 

  BR-275  

 
 
 

  420.75  

 
 

  426.30  

 
 

  5.55  

 
 

  2.12  

 
 

  21925  

 
 
 

  and  

 
 

  479.00  

 
 

  490.05  

 
 

  11.05  

 
 

  1.24  

 
 
 
 

  including  

 
 

  487.35  

 
 

  488.10  

 
 

  0.75  

 
 

  6.02  

 
 
 
 

   and   

 
 

   546.70   

 
 

   547.55   

 
 

   0.85   

 
 

   25.10   

 
 
 

  BR-274  

 
 
 

  356.80  

 
 

  359.00  

 
 

  2.20  

 
 

  1.65  

 
 

  21950  

 
 
 

  including  

 
 

  394.65  

 
 

  396.95  

 
 

  2.30  

 
 

  3.01  

 
 
 

  BR-272  

 
 
 

   313.20   

 
 

   326.30   

 
 

   13.10   

 
 

   10.50   

 
 

  21975  

 
 
 

   including   

 
 

   313.20   

 
 

   316.90   

 
 

   3.70   

 
 

   33.56   

 
 
 
 

   and including   

 
 

   313.20   

 
 

   313.70   

 
 

   0.50   

 
 

   182.00   

 
 
 
 
 
 
 

   * 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.  Interval widths are calculated using a 0.10 g/t gold cut-off grade with up to 3 m of internal dilution of zero grade .   

 
 
 

 

 

Great Bear's progress can be followed using the Company's plan maps, long sections and cross sections, and through the VRIFY model posted at the Company's web site at www.greatbearresources.ca .  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company's web site.

 
 

  Figure 1: Plan map showing the locations of drill holes reported in this release. (CNW Group/Great Bear Resources Ltd.) 

 
 
 

  Figure 2: Long section of the LP Fault. Step-down drill holes referenced in this release are labeled. (CNW Group/Great Bear Resources Ltd.) 

 
 

Drill collar location, azimuth and dip for drill holes included in this release are provided in the table below (UTM zone 15N, NAD 83):

 
 
                                                                                                  
 

   Hole ID   

 
 

   Easting   

 
 

   Northing   

 
 

   Elevation   

 
 

   Length   

 
 

   Dip   

 
 

   Azimuth   

 
 

  BR-247  

 
 

  456733  

 
 

  5634598  

 
 

  359  

 
 

  693  

 
 

  -62  

 
 

  218  

 
 

  BR-248  

 
 

  456677  

 
 

  5634536  

 
 

  363  

 
 

  552  

 
 

  -60  

 
 

  217  

 
 

  BR-249  

 
 

  456600  

 
 

  5634560  

 
 

  360  

 
 

  522  

 
 

  -61  

 
 

  217  

 
 

  BR-272  

 
 

  455943  

 
 

  5635108  

 
 

  374  

 
 

  549  

 
 

  -56  

 
 

  216  

 
 

  BR-273  

 
 

  455981  

 
 

  5635073  

 
 

  375  

 
 

  573  

 
 

  -56  

 
 

  223  

 
 

  BR-274  

 
 

  455981  

 
 

  5635073  

 
 

  373  

 
 

  539  

 
 

  -60  

 
 

  223  

 
 

  BR-275  

 
 

  455981  

 
 

  5635073  

 
 

  375  

 
 

  615  

 
 

  -67  

 
 

  223  

 
 

  BR-281  

 
 

  457274  

 
 

  5634206  

 
 

  354  

 
 

  399  

 
 

  -46  

 
 

  200  

 
 

  BR-282  

 
 

  456962  

 
 

  5634438  

 
 

  356  

 
 

  648  

 
 

  -59  

 
 

  208  

 
 

  BR-283  

 
 

  456887  

 
 

  5634501  

 
 

  357  

 
 

  657  

 
 

  -56  

 
 

  210  

 
 

  BR-284  

 
 

  456976  

 
 

  5634533  

 
 

  358  

 
 

  681  

 
 

  -55  

 
 

  216  

 
 

  BR-290  

 
 

  456668  

 
 

  5634603  

 
 

  359  

 
 

  459  

 
 

  -59  

 
 

  216  

 
 

  BR-291  

 
 

  456700  

 
 

  5634655  

 
 

  359  

 
 

  702  

 
 

  -59  

 
 

  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 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 330 km 2 of highly prospective tenure across 5 projects: the flagship Dixie Project (100% owned), the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), the Sobel Property (earning a 100% interest), and the Red Lake North 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 Activation Laboratories in Ontario , an accredited mineral analysis laboratory, 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.

 

  Qualified Person and NI 43-101 Disclosure  

 

Mr. R. Bob Singh , P.Geo, 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.  

 

  Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.  

 

  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.  

 
 

  Great Bear Resources Logo (CNW Group/Great Bear Resources Ltd.) 

 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/great-bear-reports-successful-lp-fault-extension-and-infill-drilling-10-50-gt-gold-over-13-10-m-16-50-gt-gold-over-6-25-m-and-11-18-gt-gold-over-6-75-m-301274755.html  

 

SOURCE Great Bear Resources Ltd.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/April2021/22/c4768.html  

 
 

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