New Gold Targets Identified At The Sobel Property
VANCOUVER - Great Bear Resources Ltd. reported results from its ongoing exploration program at its 100% owned flagship Dixie Project, and from regional exploration at its Sobel Property, both of which are located in the Red Lake district of Ontario.
Dixie Project Highlights Include: Drilling continues to define gold mineralization on 50 meter centers along 5 kilometers of strike length of the LP Fault, to a vertical depth of approximately 500 metres. All (100%) of the 161 LP Fault drill holes completed to date have successfully intersected the structure and gold mineralization; New results include 8.08 g/t gold over 37.70 meters on section 20050 towards the centre of the LP Fault zone in drill hole BR-156. High-grade sub intervals include a high strain zone which assayed 32.30 g/t gold over 8.20 meters, including a strongly mineralized core of 146.50 g/t gold over 1.00 meter; 50 meters to the northwest on drill section 20100, new drill hole BR-164 intersected the along-strike continuation of the same mineralization including 5.23 g/t gold over 78.75 meters. This included two high strain zones assaying 68.36 g/t gold over 3.25 meters and 60.30 g/t gold over 2.15 meters. The drill hole also included an additional interval of 11.08 g/t gold over 3.85 meters below the intervals reported above; The Company continues to advance its geological model of the LP Fault zone as it defines and refines controls to high-grade gold domains. Higher grade gold domains are localized within high strain and higher vein density corridors. Both of these styles of high-grade gold occur within the larger envelope of gold mineralization in felsic and metasedimentary host rocks. An updated geological model will be provided as this work progresses; & An updated long section of LP Fault drill results along with a plan view of all results to-date from significant gold zones. Gold intercepts are shown using the same assay display criteria in both section and plan view.
Chris Taylor, President and CEO, said, "With increasing drill density on 50 meter centers, continuity of gold mineralization at the LP Fault is readily apparent in plan and section view. We've provided an updated plan map and long section in this release, showing the same intercept grade projections in both images for the first time. Our geological team continues to model the high strain and deformed quartz vein zones which host the majority of the high-grade gold within the LP Fault. We expect to be able to release the results of this work over the coming weeks. This will provide our current comprehensive interpretation of gold grade distribution characteristics within the LP Fault and will be an important step towards completion of our initial maiden resource."
Regional exploration is also underway at Great Bear's other Red Lake district properties (Sobel, Dedee, and Pakwash), with all regional exploration during summer 2020 designed to meet annual government of Ontario expenditure requirements, and having no significant impact on the Company's ongoing $21 million exploration program, which remains focused on the Dixie Project.
Current results relate to the Sobel property, which was acquired to control prospective stratigraphy within the Red Lake Greenstone Belt along the same regional D2 fold axis that controls the majority of gold mineralization at the Red Lake Gold Mine. Highlights of regional exploration at the Sobel property include: Completion of a 399 sample, four square kilometer Spaciotemporal Geochemical Hydrocarbon (SGH) survey similar to that used by Great Bear to successfully identify gold mineralization at the LP Fault, Dixie Limb and Hinge zones at the Dixie property; Identification of two large SGH targets at the Sobel property, respectively measuring approximately 800 meters by 500 meters, and 900 meters by 450 meters; The SGH targets overlie regional D2 fold closures with a similar geological and structural setting to the gold zones at the RLGM, and the Hinge zone at the Dixie property. These targets are apparent on regional geophysics and were predicted by Great Bear's exploration team to have gold mineralization potential prior to undertaking the SGH survey; & Prospecting, geological mapping and geochemical analysis have identified mafic volcanic rocks including high iron tholeiite and basaltic komatiite, both of which are known to occur within the tholeiitic-komatiitic Balmer sequence of the Red Lake Greenstone Belt, which host the majority of past and current gold production in the Red Lake district. These are locally in contact with units of meta-sediments, intermediate, felsic and intrusive rocks.
Given the identification of the new SGH targets, the Company will continue exploration at Sobel through the remainder of 2020, including expansion of the SGH sample grid, additional geological mapping, prospecting, target identification and refinement. A comprehensive update on further work will be provided prior to any drilling at Sobel.
"We've repeated some of the early exploration steps taken at our flagship Dixie project and have identified two new potential gold targets at the Sobel property within the right rocks. These are located near regional D2 fold hinges and fold axes that are expected to potentially be significant gold controls. We believe these areas are prospective for Hinge zone (Dixie)/RLGM-style gold-bearing quartz veins within mafic host rocks. Our next steps include additional mapping, expansion of the SHG grid, rock sampling, and planning for preliminary drilling which may be undertaken as early as winter 2020 - 2021,” said Chris Taylor.