Great Bear Resources (TSXV: GBR) is off to a strong start at its Dixie Lake gold project in western Ontario’s 28 million oz. gold Red Lake district.
After revising the project’s geological model, the company completed a 1,000-metre drill program to test the continuity of a historically known, gold-bearing structure.
With intercepts of 10.4 metres of 16.84 grams gold per tonne, including 1.1 metre of 130.1 g/t, president and CEO Chris Taylor says the “proof-of-concept” drill program was the first step in determining whether Dixie Lake would become Great Bear’s flagship project.
“We’re pleased with how the results are stacking up, and we’re happy to focus on the project going forward,” Taylor says. “We see a structurally controlled, mineralized zone that cuts across all the geology and is essentially continuous. We don’t see the gaps that were interpreted in previous geological models, which means that Dixie Lake has the capacity to host a much bigger system than previously thought.”
Continue reading at The Northern Miner.