Mining

Great Bear hits gold in untested section of LP fault

In the press release, Chris Taylor, Great Bear’s president and CEO, noted that the company plans to complete additional drilling in this area over the coming months. The release also highlights how existing geological models were “highly accurate” for one of the latest reported drill sections, with prospective geology and target gold mineralization intersected within 3 to 10 metres of their expected locations.

While the LP fault covers 18 km of strike within the 91.4-sq.-km Dixie property, Great Bear is focusing on infilling a 4-km section as part of this year’s C$45 million exploration program. Additional drilling is planned to test for mineralization at depth, down to 750 meters; and to examine regional targets at Dixie. A further 133 holes are expected to be completed at the LP fault this year.

Dixie hosts two exploration targets: mafic-rock hosted high-grade gold in quartz veins and replacement zones at the Dixie Limb and Hinge and Arrow zones as well as felsic sediment and volcanic-hosted high-grade disseminated gold with broad envelopes at the LP fault.

(This article first appeared in the Canadian Mining Journal)

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