May 19, 2021 – 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 $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We are now entering the final months of near-surface maiden mineral resource estimation drilling of the central LP Fault zone, and are modeling 17 distinct high-grade gold domains within the broader LP Fault gold mineralized system. For the first time, we provide a detailed long section of the upper portion of one of these high-grade domains, a summary of all drill results within that long section, and detailed maps of the high-grade domains within the broader LP Fault gold system.”

Great Bear plans to release detailed high-grade and bulk tonnage domain information over the coming months. This news release includes the first of this information.

Figure 1: Upper 500 m x 250 m area of high-grade domain BR7, showing all results to date. New results are highlighted in orange.
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Table 1: All 28 drill holes that intersect the near-surface portion of high-grade domain BR7, along 500 metres of strike length. New results in italics (holes BR-296-299). Note that assay intervals from previously reported drill holes have been clipped to domain BR7.

Drill Hole From (m) To (m) Width* (m)
Gold (g/t)
BR-037 135.30 150.70 15.35 2.23
BR-038 81.20 87.80 6.60 2.96
BR-118 156.00 169.00 13.00 18.57
BR-119 46.60 57.00 10.40 1.45
BR-140 247.00 257.70 10.70 4.12
BR-142 231.00 239.30 8.25 2.53
BR-143 182.00 193.50 11.50 5.26
BR-144 130.00 144.30 14.25 15.31
BR-145 95.60 106.90 11.30 11.47
BR-146 35.75 45.55 9.80 86.97
BR-147 48.00 55.90 7.90 3.79
BR-172 84.00 91.50 7.50 1.12
BR-173 210.00 214.30 4.30 4.12
BR-174 207.00 216.00 9.00 13.82
BR-175 256.00 264.70 8.70 3.84
BR-211 99.80 105.60 5.80 7.80
BR-212 157.00 174.50 17.50 6.62
BR-213 240.30 245.00 4.70 3.66
BR-224 311.50 328.40 16.90 1.16
BR-225 231.75 243.20 11.45 1.50
BR-231 151.00 157.00 6.00 3.43
BR-232 106.20 111.00 4.80 53.72
BR-233 78.30 84.85 6.55 3.63
BR-281 170.25 174.00 3.75 1.04
BR-296 27.30 32.80 5.50 3.52
BR-297 31.00 32.60 1.60 3.98
BR-298 55.25 63.10 7.85 14.72
BR-299 53.90 64.25 10.35 4.12

* Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts. Interval widths are calculated using a 0.10 g/t gold cut-off grade with up to 3 m of internal dilution of zero grade.

Figures 1, 2, 3, 4 and 5 respectively show: 1) A detailed long section of high-grade domain “BR7”, which is one of 17 high-grade domains currently being drilled, 2) a map of all high-grade domains within the LP Fault, 3) A more detailed map of the high-grade domains in the central LP Fault zone, including surrounding bulk tonnage style mineralization, and 4) two cross sections through high-grade domain BR7. Table 1 provides all gold intercepts from BR7 shown in Figure 1. Table 2 provides all new gold assay results from the most recent LP Fault drilling.

With the 17 drill holes included in this release, Great Bear has released 300 LP Fault drill holes to date.

Highlights of Current Results

New drill holes reported in this release intersected the LP Fault zone from approximately 20 to 500 metres vertical depth along 2.2 kilometres of strike length.
Drill holes were located a) above previous drilling, in order to extend gold mineralization towards surface, and b) within 75 to 100 metre previously undrilled gaps in the zone.
Two drill holes are step-ups that extend gold mineralization by more than 75 metres above previous drilling to the near-surface:
BR-298 assayed 22.79 g/t gold over 4.80 metres from 58.30 to 63.10 metres downhole, within a broader mineralized interval assaying 3.32 g/t gold over 43.80 metres from 29.70 to 73.50 metres downhole.
BR-299 assayed 13.27 g/t gold over 2.35 metres from 34.90 to 37.25 metres downhole, and 4.12 g/t gold over 10.35 metres from 53.90 to 64.25 metres downhole. The total mineralized interval was 2.30 g/t gold over 39.30 metres from 32.20 metres to 71.50 metres downhole.
New bulk-tonnage type intercepts include:
3.07 g/t gold over 35.60 metres from 117.00 to 152.60 metres downhole in drill hole BR-320.
1.11 g/t gold over 91.60 metres from 349.50 to 441.10 metres downhole in drill hole BR-285.
1.00 g/t gold over 91.40 metres from 473.60 to 565.00 metres downhole in drill hole BR-286.
Drill holes with multiple intervals of gold mineralization including both high-grade and bulk tonnage type results include:
BR-276 which assayed 25.57 g/t gold over 2.50 metres from 233.50 to 236.00 metres downhole, and 4.10 g/t gold over 23.85 metres from 462.25 to 486.10 metres downhole, including a high-grade core of 68.40 g/t gold over 0.95 metres from 485.15 to 486.10 metres downhole.
Results continue to demonstrate excellent continuity of high-grade and bulk-tonnage gold mineralization. The LP Fault zone remains open to extension in all directions.

Figure 2: Map of the 17 high-grade domains currently being drilled and modeled along the LP Fault. BR7 is left of centre.

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