Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has reported new drill results from its fully funded $21-million exploration program on its 100%-owned flagship Dixie project, about 25 km southwest of Red Lake, Ont.
The latest drill results are from holes spaced 40-150 metres apart in previously undrilled gaps and stepouts on a 4,200-metre by 500-metre drill grid on the LP zone. The zone is a significant gold-hosting structure, which 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.
Highlights included drill hole BR-212, which intersected 101.5 metres grading 4.69 grams gold per tonne starting from 92 metres, including 5.25 metres grading 41.25 grams gold from 131 metres. Hole BR-212 returned the highest-grade central mineralized interval of 0.5 metre grading 181 grams gold from 133.75 metres and is the longest multi-gram gold interval on the project to date, the company said.
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