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Great Bear expands Dixie

Great Bear Resources has discovered one of the widest near-surface occurrences of veining and alteration hosting high-grade gold reported at its Dixie project in the Red Lake District of Ontario, Canada, in the Dixie Hinge Zone (DHZ). The results also extended the Hinge Zone at depth.
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Great Bear's Dixie project in Ontario, Canada

Staff Reporter

All 38 drill holes completed along 330m of strike length of the Hinge Zone reportedly intersected gold mineralisation, with 22 recording intervals containing greater than 10g/t. Drilling highlights included 3.4m grading 31.6 grams per tonnes of gold.

"We continue to be surprised by the strength and scale of the gold system at Dixie. Our latest drilling shows the Hinge Zone vein and alteration system swells to 42m in approximate true width, includes individual veins over 14m in width and contains multiple gold-bearing veins in four of the latest eight drill holes. We will continue to drill to extend the strike length, depth and number of gold zones at the Dixie Hinge through 2019 and 2020," said president and CEO Chris Taylor in a statement.

Dixie is about 15 minutes' drive from Red Lake, Ontario, a district that has produced more than 30Moz.

Great Bear is undertaking a 30,000m drilling programme with 150 holes that is expected to continue through 2019 and 2020. A second drill rig was added to the project in February to accelerate work.

Shares in Great Bear (TSXV:GBR) closed at C$3.72 Thursday, valuing the company at $134 million. Its share price has risen 58% since the start of the year.