Great Bear Resources has reported results from its ongoing $21 million exploration program at its flagship Dixie project in the Red Lake district of Ontario. As of early May, the company had completed 99 of approximately 300 planned drill holes into the LP Fault target as part of its 5-km-long by 500-meter-deep grid drill program.
Drill highlights included a hole completed in the middle of a 150-m gap in drilling that intersected two significant mineralized intervals: 10.17 grams per metric ton (g/mt) gold over 6.80 m within a broader interval of 3.18 g/mt gold over 56.95 m, beginning at the bedrock surface at 30.20 m down hole; and 18.57 g/mt gold over 13 m, including 132 g/mt gold over 0.50 m, within a broader interval of 2.67 g/mt over 104.15 m beginning at 127.15 m down hole.
The Dixie project hosts two principle styles of gold mineralization: high-grade gold in quartz veins and silica-sulphide replacement zones, and high-grade disseminated gold with broad moderate-to-lower-grade envelopes (LP Fault). The LP Fault is a significant gold-hosting structure that has been seismically imaged to extend to 14 km depth and has been interpreted by Great Bear to have up to 18 km 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.
(greatbearresources.ca)
