PRECIOUS METALS

Great Bear doubles depth at Dixie

Great Bear Resources (TSXV: GBR) has continued to please investors as it announced the first deep drillhole at its Dixie project in Ontario had doubled the depth of the Dixie Limb zone and intersected the deepest, widest and highest-grade interval there to date.

Staff reporter
 Gold in core from Great Bear Resources’ Dixie project in Ontario

Gold in core from Great Bear Resources’ Dixie project in Ontario

Hole BR-085 was extended from 524m to 1,509m, and hit 19m at 10.19g/t gold from 1,008.55m, including 2.65m at 68.59g/t and 1m at 133.5g/t, the explorer said.

President and CEO Chris Taylor said the hole had also intersected new Hinge zone-style veins, which could represent extensions to the Hinge zone and added weight to the theory the two zones merged at depth.

"These results define a new, high-priority exploration target that has the potential to combine the predictable geometry of the Dixie Limb zone with the higher gold grades of the Hinge zone," he said.

The above result comes a week after Great Bear reported one of the longest, high-grade intervals to date from the project's LP Fault, including 104.15m at 2.67g/t.

Great Bear said the Dixie Limb zone was roughly parallel to the LP Fault zone, 500m to the southwest, and the Hinge zone was subparallel to Dixie Limb, 50-200m to the southwest.

It said further deep drilling was planned as part of its fully-funded, C$21 million exploration programme at Dixie.

The company is among the nominees for Mining Journal 2020 Explorer-Developer of the Year.

Great Bear shares, which were worth $2.25 a year ago, hit a fresh high of $13.19 intraday before closing up 8.4% to $11.98, to capitalise it at $575 million (US$410 million).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.