Great Bear Spikes on Drill Results
Ontario-focused Great Bear Resources (CVE:GBR) was up 3% to $5.58 a share after reporting drill results today.
The company highlighted the following:
- A new steeply plunging high-grade sub-zone was discovered to the west of, and above, most previous drilling in the Hinge Zone. Results include 30.81 g/t gold over 2.50 meters within a broader zone of 7.40 g/t gold over 13.20 meters, at only 68 meters vertical depth.
- The new Hinge Zone sub-zone was also tested to approximately 140 meters vertical depth, where assays returned 20.41 g/t gold over 2.20 meters, within a wide interval of 2.07 g/t gold over 29.80 meters. Gold-bearing quartz veins are strongly developed adjacent to a newly defined sediment contact within the same high-iron tholeiitic pillow basalt that hosts the original Hinge Zone discovery.
- Recent Dixie Limb drill results include 21.54 g/t gold over 2.35 meters within a broader interval of 9.68 g/t gold over 5.60 meters. Drilling continues to encounter high-grade gold intervals near the predicted intersections of Hinge-Zone style gold-bearing veins with the Dixie Limb contact.
Great Bear is exploring its Dixie Project in the Red Lake District of Ontario.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.