PRECIOUS METALS

Great Bear expands Dixie

Drilling at Great Bear Resoures' Dixie project continues to expand mineralisation

Staff Reporter
 Great Bear's Dixie project in Ontario, Canada

Great Bear's Dixie project in Ontario, Canada

All 38 drill holes completed along 330m of strike length of the Hinge Zone reportedly intersected gold mineralisation, with 22 recording intervals containing greater than 10g/t. Drilling highlights included 3.4m grading 31.6 grams per tonnes of gold.

"We continue to be surprised by the strength and scale of the gold system at Dixie. Our latest drilling shows the Hinge Zone vein and alteration system swells to 42m in approximate true width, includes individual veins over 14m in width and contains multiple gold-bearing veins in four of the latest eight drill holes. We will continue to drill to extend the strike length, depth and number of gold zones at the Dixie Hinge through 2019 and 2020," said president and CEO Chris Taylor in a statement.

Dixie is about 15 minutes' drive from Red Lake, Ontario, a district that has produced more than 30Moz.

Great Bear is undertaking a 30,000m drilling programme with 150 holes that is expected to continue through 2019 and 2020. A second drill rig was added to the project in February to accelerate work.

Shares in Great Bear (TSXV:GBR) closed at C$3.72 Thursday, valuing the company at $134 million. Its share price has risen 58% since the start of the year.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.