Great Bear Resources has 100% royalty-free interest in the Dixie Project which consists of 9,140 hecatares of contiguous claims that extend over 22 kilometres. In the last two years, there have been multiple high-grade gold discoveries - the Dixie Limb, Hinge, Bear-Rimini, Yuma, Auro, Yauro, Viggo, Gap and Arrow zones. The last seven discovery areas 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 15 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.
The Dixie property hosts two principle styles of gold mineralization:
- High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb and Hinge). Hosted by mafic volcanic rocks, and localized near regional-scale D2 fold axes. These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
- High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault). Interpreted to traverse the Dixie property for approximately 18 kilometres of strike length and currently drilled along 4 kilometres of strike length. High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals. The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.
The Company has completed 120 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program. Gold mineralization has been intersected in all (100%) of the drill holes for which assays have been returned to-date.
Approximately 180 drill holes remain to be completed as part of the Company’s ongoing fully funded 2020 LP Fault drill program. Additional drill holes are also planned into the Dixie Limb, Hinge and Arrow zones, in addition to other regional targets. The Company remains fully funded for this work.
Updated drill collar locations, azimuths and dips, together with an updated complete assay table for the LP Fault drilling to-date will be posted to the Company’s web site at https://greatbearresources.ca/projects/dixie-project-data/.
The company is fully funded to complete a very active drill program of 200,000 metres, without the need for funding through to the year 2021.