September 9, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project, and from regional exploration at its Sobel Property, both of which are located in the Red Lake district of Ontario.
Dixie Project Highlights Include:
•Drilling continues to define gold mineralization on 50 metre centres along 5 kilometres of strike length of the LP Fault, to a vertical depth of approximately 500 metres. All (100%) of the 161 LP Fault drill holes completed to date have successfully intersected the structure and gold mineralization.
•New results include 8.08 g/t gold over 37.70 metres on section 20050 towards the centre of the LP Fault zone in drill hole BR-156. High-grade sub intervals include a high strain zone (see news release of August 4, 2020) which assayed 32.30 g/t gold over 8.20 metres, including a strongly mineralized core of 146.50 g/t gold over 1.00 metre.
•50 metres to the northwest on drill section 20100, new drill hole BR-164 intersected the along-strike continuation of the same mineralization including 5.23 g/t gold over 78.75 metres. This included two high strain zones assaying 68.36 g/t gold over 3.25 metres and 60.30 g/t gold over 2.15 metres. The drill hole also included an additional interval of 11.08 g/t gold over 3.85 metres below the intervals reported above. Table 1.
•The Company continues to advance its geological model of the LP Fault zone as it defines and refines controls to high-grade gold domains. Higher grade gold domains are localized within high strain and higher vein density corridors. Both of these styles of high-grade gold occur within the larger envelope of gold mineralization in felsic and metasedimentary host rocks. An updated geological model will be provided as this work progresses.
•An updated long section of LP Fault drill results is provided in Figure 1, along with a plan view of all results to-date from significant gold zones. Gold intercepts are shown using the same assay display criteria in both section and plan view.
Chris Taylor, President and CEO of Great Bear said, “With increasing drill density on 50 metre centres, continuity of gold mineralization at the LP Fault is readily apparent in plan and section view. We’ve provided an updated plan map and long section in this release, showing the same intercept grade projections in both images for the first time. Our geological team continues to model the high strain and deformed quartz vein zones which host the majority of the high-grade gold within the LP Fault. We expect to be able to release the results of this work over the coming weeks. This will provide our current comprehensive interpretation of gold grade distribution characteristics within the LP Fault and will be an important step towards completion of our initial maiden resource.”
Table 1: Current LP Fault drill results. Drill sections are arranged from southeast (top of Table) to northwest (bottom of Table).
From (m) To (m) Width* (m) Gold (g/t) Section
BR-162 162.40 165.90 3.50 0.65 18650
BR-156 313.50 321.00 7.50 1.07 20050
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