Great Bear Resources completes Dixie project purchase in famous Red Lake district, Ontario
More than 25,000 metres of drilling in 160 drill holes were completed at the site between the late 1980s and 2012
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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More than 25,000 metres of drilling in 160 drill holes were completed at the site between the late 1980s and 2012
The miner expects that its 150-drill-hole program at its Dixie property in Ontario’s Red Lake district will extend through 2019
Great Bear has attracted the attention and the investment dollars of Rob McEwen
The company is currently engaged in a 30,000-metre, approximately 150-drill-hole program at its flagship Dixie property, which is expected to continue through 2018 and 2019.
A fully financed 30,000m, around 150-drill-hole program is now underway, the group said
Shares surged around 26% yesterday (Thursday) to $2.32 with a large trading volume
Here, the firm has uncovered the best gold grade to date at 1.75m (meters) of 101.05 g/t (grams per ton) gold
One intercept was reported as 44.47 g/t (grams per ton) gold over 7 metres on August 22 this year
Stein Mart tumbled in post-market trade on Wednesday after reporting earnings losses but Canadian precious metals explorer Great Bear Resources was up 77.7% on the back of a new gold discovery