PR Newswire
VANCOUVER, BC, Nov. 24, 2021
TSX-V: GBR
VANCOUVER, BC, Nov. 24, 2021 /PRNewswire/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) today reported drill results from its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.
Chris Taylor, President and CEO of Great Bear said, "We recently resumed drilling near the Hinge and Limb zones and discovered a new, high-grade gold zone west of those targets. The new "Midwest" zone closely resembles the style of gold mineralization observed at the Dixie Limb zone; both occur at the sheet-like contacts between different basalt units and consist of silica-sulphide replacement style mineralization including high-grade gold. Several historical holes which tested the Limb zone, did not penetrate far enough to the west to intersect the Midwest zone. In addition to drilling other new, untested basalt contacts, the Company will re-enter and extend previously drilled holes into the Midwest area. Additionally, ongoing drilling of the LP Fault zone continues to return significant gold intervals at depths ranging from bedrock surface to over 600 vertical metres."
New Midwest Zone Drilling Highlights
All significant gold zones at Dixie occupy a 1.4 kilometre wide "dilation zone" shown on Figure 1, where many geological contacts and structures are mineralized. A report on seismic surveys by Zeng and Calvert, 2006 presents an interpretation that this structural zone reaches the base of the continental crust. At the Dixie project, the zone contains a broad structural corridor with more than 18 kilometres of strike length. Gold has been drilled along 11 kilometres of strike length to date. In addition to ongoing drilling of the LP Fault, Phase 2 drilling will continue to test various new targets such as the new Midwest zone within this broad structurally dilated and mineralized corridor.
New LP Fault Drilling Highlights
Ongoing LP Fault drilling continues to systematically expand gold mineralization, including at depth. Current drill holes targeted the zone at various points along 2.9 kilometres of strike length, between bedrock surface and approximately 600 metres vertical depth. Table 2.
New drilling primarily targeted 1) extensions to the 23 high-grade domains currently being modeled, including at depth, and 2) the lower-grade halo up to 200 metres from the centre of the zone. Gold mineralization is typically strongest within, and proximal to, the high-grade domains that occur towards the centre of the zone. Highlights include:
Grid Drilling the Hinge, Limb and Midwest Area
Results from the Hinge and Dixie Limb zones were last reported on May 11, 2020 (Dixie Limb zone: 10.19 g/t gold over 19.00 metres from 1,008.55 metres downhole), and December 9, 2020 (Hinge zone: 15.18 g/t gold over 4.90 metres from 1,190.00 metres downhole). The Company has focused more than 90% of its drilling on the adjacent LP Fault zone throughout 2020 and 2021.
Great Bear has begun a new grid-based drill program on 25 – 100 metre centres in the Hinge, Limb and Midwest zone area which will support detailed mineral resource estimation drilling of these zones later in 2022. Grid drilling is initially expected to cover an area of approximately 400 metres of strike length by 600 metres of vertical extent, as shown in Figure 2.
The purpose of grid drilling is to collect gold mineralization results, together with geological and oriented structural data that will be used to target steeply-plunging high-grade gold zones with shoot-like geometries that comprise the primary targets within each of these zones, throughout 2022.
The new Midwest zone was discovered in a previously undrilled area in a 200 to 300 metre step-out hole near the western margin of the newly planned drill grid. Figure 2 and Figure 3.
The Hinge zone was discovered by Great Bear in 2018 (see news release of August 22, 2018) and consists of multiple sub-parallel "Red Lake style" high-grade gold-bearing, anastomosing quartz veins hosted by mafic rocks. High-grade gold frequently concentrates in steeply-plunging shoot-like mineralized zones, as is typical in the Red Lake district.
The adjacent Dixie Limb zone was discovered by Teck Resources Ltd. in the 1980's and was the first gold zone explored by Great Bear (see news release of September 7, 2017). The Limb zone consists of silica-sulphide replacement mineralization containing mid- to high-grade gold located at the subvertical contact between two basalt units.
Table 1: Dixie Limb, Hinge and Midwest zone drill results from expanded drill grid. Multiple gold-bearing veins and mineralized contacts occur in this area. Grid drilling will define areas to focus upcoming detailed definition of the high-grade "shoot-like" mineralized zones that are the primary targets in this area.
Drill Hole | | From (m) | To (m) | Width* (m) | Gold (g/t) | Zone |
DL-065 | | 779.30 | 788.50 | 9.20 | 1.78 | Limb |
| including | 786.00 | 788.50 | 2.50 | 4.66 | Limb |
| and including | 787.25 | 788.50 | 1.25 | 6.39 | Limb |
| and | 976.45 | 977.30 | 0.85 | 6.70 | Hinge Vein 1 |
| and | 984.35 | 989.00 | 4.65 | 3.15 | Hinge Vein 2 |
| including | 985.75 | 987.50 | 1.75 | 5.38 | Hinge Vein 2 |
| and | 1054.95 | 1061.20 | 6.25 | 1.55 | Hinge Vein 3 |
| including | 1059.00 | 1059.55 | 0.55 | 14.70 | Hinge Vein 3 |
| and | 1069.70 | 1072.70 | 3.00 | 3.45 | Hinge Vein 4 |
| including | 1070.20 | 1071.20 | 1.00 | 9.72 | Hinge Vein 4 |
DL-066 | | 636.50 | 645.30 | 8.80 | 2.81 | Limb |
| including | 638.35 | 645.30 | 6.95 | 3.28 | Limb |
| and including | 638.35 | 639.75 | 1.40 Werbung Mehr Nachrichten zur New Concept Energy Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |