Great Bear Resources has 100% royalty-free interest in the Dixie Project – where in the last two years, there have been five high-grade gold discoveries - the Dixie Limb zone, the Hinge zone, the Bear-Rimini zone, the Yuma zone and the Auro zone. The last three zones are now considered one zone that is hosted by the LP Fault deformation zone, which overall is an 18km target that is continuously being explored by the company.
The Dixie project is a gold exploration and discovery project located only 25 kilometers southwest of Red Lake, Ontario. The reknown Red Lake gold district has produced approximately 30,000,000 oz gold from 29 gold mines historically. Dixie itself is a large high-grade gold system from surface, that is accessible year-round by highway and has access to major infrastructure. It is located only 20 minutes from the town of Red Lake and the entire project runs parallel to a highway and power lines, with natural gas lines and power running right through the project as well.
Gold mineralization is confirmed along a 3.2 km strike of a 18 km target. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold and 7.00 metres of 68.76 g/t gold and is open along strike and at depth.
The company is fully funded to complete a very active drill program of 90,000 metres, without the need for funding through to the year 2020.