Great Bear Resources (TSX-V:GBR) Ltd released the comprehensive assay results from one of 23 high-grade gold domains at its flagship Dixie project near Red Lake, Ontario.
The Vancouver-based precious metals miner also provided an update on geological modelling for the same zone, dubbed "Auro2" in the Central LP Fault high-grade gold domain.
To date, Great Bear has completed a total of 630 drill holes (283,000 meters) and identified three high-grade gold discoveries. The most significant discovery is the large-scale "LP Fault" zone.
READ: Great Bear extends LP gold fault zone on both sides of its current drill grid; Research Capital reiterates rating
According to the company, the Auro2 domain begins at bedrock surface and follows a highly consistent, steeply-dipping geological contact between meta-sedimentary and felsic volcanic rocks. The area is situated near the center of the LP Fault zone and has been drilled from bedrock surface to a depth of more than 450 meters, remaining open to extension.
"We continue to model twenty-three high-grade domains along 4 kilometers of the LP Fault,” Chris Taylor, President and CEO of Great Bear said in the statement.
He added: “These domains typically have predictable planar or "sheet like" geometries due to their development at large-scale geological contacts and discrete structural corridors marked by a penetrative foliation fabric. Today we provide detailed results from the Auro2 domain, which is present from bedrock surface near the center of the LP Fault zone and remains open at depth. We provide every in-zone assay from all (100%) of the 58 drill holes that have intersected the domain to date. Results are shown in the figures and table in this release, and can also be downloaded from our website."
Additional key points from the assay include: Key points of this release:
- All composite intervals defining the Auro2 high-grade domain are provided in Table 1;
- A long section of the Auro2 domain is provided in Figure 1. All drill holes are shown on this section;
- A cross-section through the Auro2 domain is provided in Figure 2. All individual assays comprising the composite intervals are shown visually;
- An updated three-dimensional plan map of all 23 high-grade domains is provided in Figure 3, and
- All individual assay results comprising the composite intervals can be downloaded from the company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/
Great Bear plans to release detailed high-grade domain results as LP Fault zone modelling progresses.
Contact the writer at georgia@proactiveinvestors.com
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