New Near-Surface High-Grade Yauro Zone Discovery At Dixie

VANCOUVER - Great Bear Resources Ltd. reported new results from its ongoing, fully-funded 90,000 meter drill program at its 100% owned Dixie project in the Red Lake district of Ontario.  Three new gold discoveries have been made and drill results from the zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault.  

The new "Yauro Zone" is located between the Yuma and Auro discoveries along the LP Fault. A significant structural dilation has localized multiple high-grade gold mineralized intervals. Yauro Zone consists of several gold intervals spanning two drill holes collared 125 meters apart, with intervals of mineralization observed over 300 meters of apparent width. Results include: 32.00 g/t gold over 2.65 meters and 21.33 g/t gold over 3.30 meters, within a wider interval of 5.14 g/t gold over 37.40 meters; 30.66 g/t gold over 3.45 meters, within a wider interval of 5.60 g/t gold over 25.25 meters; and 35.96 g/t gold over 1.73 meters, within a wider interval of 2.01 g/t gold over 66.20 meters. Gold mineralization extends to within meters of surface in both discovery drill holes.

The gold system at Yauro appears to increase in apparent width and number of gold intervals with increasing depth. This pattern is observed in most areas drilled to-date along the LP Fault. The zone occurs near an inflection point in the LP Fault system, where the strike direction of the main structure changes. This is also a critical gold control at other large Archean gold deposits. Drilling one kilometer southeast of the Auro Zone in the new "Viggo Zone" has extended the LP Fault gold mineralized system to 4 kilometers of strike length, which remains open to extension. The first drill hole testing the "North Fault" has intersected Hinge Zone style gold-bearing quartz veins. Follow-up drilling will test this new 18 kilometer long target which parallels the LP Fault.

Chris Taylor, President and CEO, said, "The new high grade Yauro discovery occurs within a  predicted zone of increased structural dilation between the Yuma and Auro discoveries, and is coincident with one of the recently identified geochemical (SGH) anomalies. I would encourage investors to refer to the cross sections provided in Figures 1, 2 and 3 to gain context.  The LP Fault discovery including the Yauro zone are not typical of vein-hosted Red Lake style gold deposits, but are flanked to the north and south by Red Lake style gold-bearing veins at the Hinge/Limb and new North Fault discoveries.  Two drill holes collared 125 meters apart were required to cross what we interpret as a major dilatancy or "blow" along the LP Fault at Yauro.  Finding something this large and high-grade within meters of the surface is one of the most important discoveries on the project to-date.  And like other areas of the LP Fault, the high-grade is flanked by wide intervals of moderate grade gold mineralization that could be very important for the project as it progress to more advanced stages."