Discovery Of Multiple Gold-In-Soil Anomalies At Red Lake Project

VANCOUVER - Dixie Gold Inc. has received assay results and corresponding interpretation from its inaugural SGH soil sampling program recently conducted at Dixie Gold's Red Lake Project in Ontario. Lab analysis performed using SGH has resulted in multiple gold-in-soil anomalies being outlined, with the gold-in-soil anomalies appearing to conform to a NW-SE trend-line (Dixie Gold Trend). The Dixie Gold Trend appears to run parallel in orientation to the known gold-bearing LP Fault trend being explored by Great Bear Resources Ltd. on contiguous claims south of those held by Dixie Gold.

Ryan Kalt, Chief Executive Officer, said, “The discovery of multiple gold-in-soil anomalies defined by SGH analysis which appear to form along a trend-line and are situated immediately adjacent to Great Bear Resources project is a tremendously exciting development for Dixie Gold. While follow-up exploration still needs to be done, our preliminary interpretation suggests that the gold-in-soil anomalies may form either a parallel trend that is similarly NW-SE orientated like the nearby LP structure (which is situated glacially down-ice on adjacent claims) or which may prospectively form part of a wider regional deformation zone that may be spatially expansive on a N-S basis (inclusive of potential splays off of the LP fault) and which may be classically-akin to deformation zone settings seen in other major Ontario/Quebec gold camps. Quite importantly, large portions of Dixie Gold's Red Lake Project remain to be tested from both longitudinal and latitudinal perspectives as this survey, although being more than 2,000 sample site locations in scale, was inaugural in nature. In 2020, Dixie Gold completed one of the largest soil sampling programs performed in the newly emerging Dixie Gold Camp and we could not be more excited by both the results and our upcoming exploration plans for 2021. We believe Dixie Gold is well positioned in what is rapidly becoming a tier-one gold exploration district.”

Dixie Gold's highway-accessible Red Lake Project is located in close proximity to the town of Red Lake in northwestern Ontario. The district-scale gold exploration project is comprised of 1,241 mining claims totaling approx. 25,269 ha in scale (approx. 62,441 acres). Dixie Gold's Red Lake Project is located adjacent to the Dixie Gold Project being advanced by Great Bear Resources Ltd.