4.31% Zn, 0.11 g/t Au, 44 g/t Ag and 0.33% Cu across 4.58 m at the Surprise Creek Property

February 2, 2017 – Vancouver, BC, Canada. – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR) today announced drill results from its 50% owned Surprise Creek project in the Golden Triangle region of British Columbia.  Results were reported by Mountain Boy Minerals Ltd. (TSX-V: MTB; “Mountain Boy”), Great Bear’s joint venture partner and operator of the Surprise Creek exploration program.  Drilling tested the Ataman zone, a polymetallic VMS-related occurrence that is being explored by Mountain Boy.

Highlights of drill results include 4.31% zinc, 44.75 g/t silver, 0.33% copper and 67% barite across 4.58 m in drill hole SC-2.  Mineralized intervals from SC-2 are provided in Table 1.

Table 1: Mineralized Intervals from drill hole SC-2 at the Ataman zone.  All widths are drill indicated. Drilling was approximately perpendicular to the zone.

Hole # From

(m)

To

(m)

Width

(m)

Au

(g/t)

Ag

(g/t)

Zn

(%)

Pb

(%)

Cu

(%)

BaSo4 (%)
SC-2 58.26 77.20 18.94 0.12 28.0 1.21 0.03 0.31 46.73
Incl. 58.26 62.84 4.58 0.11 44.75 4.31 0.05 0.33 67.00
Incl. 58.26 60.40 2.14 0.09 70.7 6.49 0.09 0.56 60.48

Two drill holes targeted the Ataman zone in late 2016.  Hole SC-1 was drilled parallel to the zone and did not intersect significant mineralization.  Hole SC-2, drilled across the zone, successfully intersected mineralization but was terminated prematurely due to inclement weather and appears to have ended in mineralization.   Mountain Boy reports extensive barite mineralization occurs with other polymetallic VMS style mineralization at the Ataman zone and has been traced across approximately 1.2 kilometres of strike length.

Great Bear’s Golden Triangle Projects

Great Bear’s Golden Triangle district assets are its 50% owned BA and Surprise Creek zinc-silver-lead properties.

The BA project covers stratigraphy that regionally hosts the Eskay Creek deposit, and contains VMS associated mineralization in several locations.  In 2010, Great Bear completed a 82 hole, 15,000 metre drill program.  Results include 106.71 m (core length) of 81 g/t silver, 1.37% lead and 1.62% zinc in drill hole BA-2007-5, and the discovery of higher grade “feeder” zones such as 7.5 m of 8.41% zinc, 1.11% lead and 66 g/t silver in hole BA-2007-10, and 13.10 m of 4.11% zinc, 1.37% lead and 137 g/t silver in hole BA-2007-28.

The Surprise Creek project is operated by Mountain Boy Minerals Ltd. (TSX-V: MTB, “Mountain Boy”) and consists of 19 claims totalling 7,472 Ha located immediately north of Highway 37A.  The project  covers much of the same stratigraphy as BA.  Among other targets, Surprise Creek hosts semi-massive to massive zinc-silver-lead mineralization at the “Ataman Zone”, which is currently being explored by Mountain Boy.  Results from the 2016 Ataman drilling have not been verified by Great Bear.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 778-327-5799, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

 

ON BEHALF OF THE BOARD

“Chris Taylor”                                  

Chris Taylor, President and CEO

Inquiries:

Tel: 778-327-5799

Fax: 778-327-6675

info@greatbearresources.ca

www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

 

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