Great Bear jumps 18% on drill results
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Great Bear Resources reported "multiple discoveries" at its Dixie project in the Red Lake district of Ontario.
The company highlighted gold intercepts at 101.70 g/t gold over 1.50 meters, within 10.65 g/t gold over 17.25 meters at the Auro Zone, and 27.77 g/t gold over 2.00 metres within 11.08 g/t gold over 7.00 meters in the Yuma Zone.
The company said all drill holes that have intersected the LP Fault to-date have successfully intersected gold mineralization along 3.2 kilometers of strike length.
Great Bear was up 18% to $8.08 a share as of 2:31 p.m. ET. The company has more than quadrupled its share price from over a year ago.
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