Hot on the heels of our previous update, Great Bear Resources (GBR.V) released additional assay results from the Dixie Hinge zone where it completed 30 meter and 100 meter step-downs along the projected plunge of the DHZ. Both stepdown holes have hit identical styles of high-grade gold mineralization, confirming the potential to find more gold at perhaps a higher average grade at depth.
With 3.7 meters containing 28.37 g/t gold (including 0.5 meters of 200 g/t gold), Great Bear has been very successful in proving the mineralization appears to continue at depth as the mineralization was encountered at a depth of approximately 273 meters. Other holes also contained several high-grade gold intervals, and this only strengthens and confirms Great Bear’s exploration thesis the ‘corridor of gold veins’ continues at depth. Hole 39 is now indeed the deepest hole where high-grade gold mineralization was successfully intersected, but this hole very likely is just the prelude of what could be found at lower levels. After all, gold mineralization in the Red Lake camp can easily continue to depths of in excess of 2 kilometers.
With 63% of the holes that have been completed at Dixie Hinge hitting grades of in excess of 15 g/t gold, there’s now very little doubt Great Bear is sitting on a major discovery. CEO Chris Taylor can already prepare his tuxedo to pick up the Thayer Lindsley award for discovery of the year at the 2021 PDAC Gala.
Additionally, Great Bear is organizing a Webinar presentation to explain its ongoing exploration activities at Dixie, followed by the opportunity for participants to participate in a Q&A session with CEO Chris Taylor and VP Exploration Bob Singh. Click here to read the announcement on Great Bear’s website and to find the registration link.