Great Bear Resources now has 100% royalty-free interest in the Dixie Project – where in the last couple of years, there have been five high-grade gold discoveries.
The Dixie project is high-grade gold project located 25 kilometers southwest of Red Lake, Ontario. It is a large high-grade gold system from surface, that is accessible year-round and has access to major infrastructure, as it is located only 20 minutes from the town of Red Lake and runs parallel to a highway and power lines. Gold mineralization is confirmed along a 2.3 km strike of a 10 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.