Company
CVE:GBR
Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.
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The resource group said ongoing drilling has confirmed high grade structural gold at the Dixie Limb zone, with a highlight intercept of 0.60 meters at a whopping 73.33 grams per ton (g/t) of gold
The new zone, called Yuma, is hosted by the same fault as the previous Bear-Rimini discovery in May 2019
New drill holes hit more high-grade gold mineralization 440 metres from surface and 150 metres from the nearest previously reported intercept, suggesting an extensive network of gold veins
Great Bear Resources said interest in the placement was 'overwhelming' and it raised double the funds it was initially looking for
A look at junior gold stocks whose share prices are tracking in line with a strong outlook for gold
Cormark Securities is lead underwriter of a syndicate, which includes Canaccord Genuity, which will buy the shares
Cormark Securities Inc will be the lead underwriter of a syndicate, which includes Canaccord Genuity
At the tail-end of last month, the group's shares surged after it announced the discovery of the new zone, which shows multiple shallow gold zones
The new discovery, called the Bear-Rimini zone, was found at Great Bear's wholly owned Dixie Project in the Red Lake District of Ontario and shows multiple shallow gold zones
Notably, Great Bear has now completed 30-meter and 100-meter step-down drill holes within the Hinge zone
As it now focuses efforts at Dixie, the firm also revealed it had entered into a binding letter of intent (LOI) with GoldON Resources
Drilling at Dixie Lake revealed the most significant gold grades to date at the project, with 1.75 metres of over 101 grams per ton gold.
The expanded drill program sees the junior gold explorer double up to 60,000 metres in tota
The company is pushing ahead with a 13,000-metre drill program throughout 2019
The newly discovered gold veins may be significant strike length extensions to the Dixie Hinge Zone vein system or may be new gold zones, the company said
Today's assays come from eight holes from the Dixie Hinge zone (DHZ) at the project
The assays come from the Hinge zone and South Limb zone at the 100%-owned project
The group also published a 3D model of gold mineralization drilled to-date at the 100% owned property
The company plans to add a second rig in 2019 as it accelerates its 30,000-meter, 150-drill-hole program
The DLZ (Dixie Limb zone) is a multi-kilometre, gold-mineralized contact
