Significant High-Grade Discovery; Great Bear Drills 16.35 m of 26.91 g/t Gold and 7.00 m of 44.47 g/t Gold in Two Holes at Hinge Zone, Dixie Project, Red Lake District

Dixie results in table 1 below and include:

  • Drill hole DHZ-003 returned 16.35 metres of 26.91 g/t gold including separate sub-intervals of 5.05 metres of 51.39 g/t gold, and 1.0 metre of 112.63 g/t gold
  • Drill hole DHZ-004, a follow-up drill hole completed 15 metres vertically below DHZ-003 intersected even higher-grade gold mineralization, returning 7.00 metres of 44.47 g/t gold, including 2.00 metres of 143.24 g/t gold, which includes 1.00 metre of 224.03 g/t gold
  • The newly reported intercepts from the Hinge Zone are shallow, occurring above 110 metres vertical depth and are open in all directions
  • As announced on May 23, 2018, Great Bear closed a financing and received funds from warrant exercises totalling $2.1 million and is fully funded to drill the remaining 5,000 metres of the current 10,000 metre drill program which commenced in March 2018

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Table 1: Latest drill results from new discovery holes in the Hinge Zone. All intervals are drill indicated, as there has been insufficient drilling in the Hinge Zone to define true thicknesses.

Drill Hole

From (m)

To (m)

Width (m)

Gold (g/t)

DHZ-003

118.3

141.15

22.85*

19.33

including

124.8

141.15

16.35

26.91

including

124.8

137.10

12.30

34.00

including

132.05

137.10

5.05

51.39

including

127.10

128.10

1.00

112.63

DHZ-004

124.50

131.50

7.00

44.47

including

124.50

128.30

3.80

81.09

including

124.50

126.50

2.00

143.25

including

125.50

126.50

1.00

224.03

Plan map showing the locations of currently reported drill results

The remaining 5,000 metres of the current drill program will primarily target the DLZ, Hinge Zone, and South Limb targets. Drilling will continue through fall 2018, with results being released in batches as received.

Read the news in full: Great Bear Announces High-Grade Discovery; Drills 16.35 m of 26.91 g/t Gold and 7.00 m of 44.47 g/t Gold in Two Holes at Hinge Zone, Dixie Project, Red Lake District