Exploring Near the Red Lake Gold Mine in Prolific Gold Producing Region
Great Bear Resources is focused predominantly on gold exploration in the Dixie project, which is in close proximity to some of the most active Canadian gold mining companies in the region. Our flagship Dixie project has already been responsible for five high-grade gold discoveries and we have recently closed a financing to complete another extended drill program near the Red Lake Gold Mine.
The Red Lake District at a Glance
Red Lake is one of the world’s most prolific gold-producing regions and the capital of high-grade gold in Canada with 30,000,000 oz of the yellow metal produced in gold mines near the Dixie project throughout the District’s history. Among the neighbouring gold mines are the Cochenour Mine, the Campbell Mine, the Red Lake Mine, and the soon-to-be-developed, Madsen Mine.
Great Bear Resources in The Red Lake District
Great Bear Resources is one of the most active junior mining explorer in Red Lake where, most recently, we have made three new gold discoveries in the Yauro, Viggo and Bear-Rimini zones, as well as Northwest of Bear Rimini, and along the North Fault zones. President and CEO of Great Bear Resources, Chris Taylor, said “Two drill holes collared 125 metres 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 metres 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.”
Great Bear Resources’ geological team has over 100 years of collective experience in mining and exploration in the Red Lake region. Combining the team’s localized experience with infrastructure that includes a main highway, natural gas and power lines that run through the Dixie project, and Red Lake is a premium location for Great Bear Resources’ explorations.
For more information about Great Bear Resources and gold mines in the Red Lake Region, including the latest gold discoveries and company updates, visit our news page.
Visit the Investors page for relevant information on the company’s most recent stock price, financials, and share structure. The management team plans to continue its fully-funded Dixie Project drill campaign through 2019 and 2020. Contact us at 604-646-8354 for more information.