This news release provides results from 22 additional LP Fault drill holes over 1.2 kilometres of strike length on 13 drill sections.
The Company also provides new, detailed drill sections in this release, informed by higher-density drilling.
Shallow High-Grade Results
This included a high-grade core of 32.90 g/t gold over 3.10 metres from 162.50 to 165.60 metres.
20.24 g/t gold over 7.35 metres from 163.50 to 170.85 metres in drill hole BR-201 on drill section 19950 (1,150 metres southeast of the previous section within the same zone).
This included a high-grade core of 211.00 g/t gold over 0.50 metres from 165.00 to 165.50 metres.
25.36 g/t gold over 4.65 metres from 139.35 to 144.00 metres in drill hole BR-206 on drill section 20200 (900 metres southeast of the section 21100 within the same zone).
This included a high-grade core of 151.00 g/t gold over 0.50 metres from 140.65 to 141.25 metres. The entire mineralized interval in BR-206 was 5.06 g/t gold over 25.10 metres from 129.40 to 154.50 metres.
18.45 g/t gold over 4.90 metres from bedrock surface (27.10 to 32.00 metres) in drill hole BR-203 on drill section 20200 (also 900 metres southeast of section 21100 within the same zone).
17.11 g/t gold over 5.00 metres from 83.10 to 88.10 metres in drill hole BR-204 on drill section 20150 (950 metres southeast of section 21100 within the same zone).
High-grade and bulk-tonnage style gold intercepts were intersected at all sections and depths and demonstrate excellent continuity of the mineralized zone on these tight drill spacings. Results include: 1.34 g/t gold over 29.45 metres from bedrock surface (18.00 to 47.45 metres) in drill hole BR-209 on drill section 20100.
1.31 g/t gold over 65.95 metres from 57.05 metres to 123.00 metres in drill hole BR-202 on drill section 20125 (25 metres from previous).
This included a high-grade core of 8.48 g/t gold over 4.70 metres from 71.80 to 76.50 metres.
3.24 g/t gold over 19.00 metres from bedrock surface (23.00 to 42.00 metres) in drill hole BR-204 on drill section 20150 (25 metres from previous).
A separate shallow high-grade interval of 17.11 g/t gold over 5.00 metres was also intersected from 83.10 to 88.10 metres as disclosed in the 'shallow high-grade results' at the start of this release.
1.19 g/t gold over 34.85 metres from bedrock surface (22.15 metres to 57.00 metres) in drill hole BR-208 on drill section 20150 (same section as previous).
This included a high-grade core of 10.67 g/t gold over 1.70 metres from 23.30 to 25.00 metres.
1.04 g/t gold over 46.60 metres from 417.00 to 463.60 metres in drill hole BR-221 on drill section 20150 (same section as previous).
This included a moderate-grade core of 3.21 g/t gold over 7.80 metres from 443.00 to 450.80 metres.
Drill hole BR-223 is a 50 metre (vertical) step-down hole, which expands the mineralized system on drill section 20150 (same section as previous). It intersected multiple mineralized intervals including: 1.60 g/t gold over 21.90 metres from 474.00 to 495.90 metres. This included a high-grade core of 13.27 g/t gold over 1.90 metres from 491.00 to 492.90 metres.
A separate interval of 2.44 g/t gold over 34.10 metres from 515.00 to 549.10 metres.
This included a high-grade core of 10.53 g/t gold over 6.00 metres from 524.50 to 530.50 metres. This is the deepest LP Fault zone gold intercept to date in this area.
1.02 g/t gold over 21.30 metres from 47.40 to 68.70 metres in drill hole BR-206 on drill section 20200 (50 metres from previous).
BR-206 also intersected a separate interval of 25.36 g/t gold over 4.65 metres from 139.35 to 144.00 metres as described in the 'shallow high-grade results' at the start of this release.
1.66 g/t gold over 13.00 metres from 223.00 to 236.00 metres in drill hole BR-220 on drill section 20200 (same section as previous).
About the
High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault). The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and
About
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Tel: 604-646-8354
Email: info@greatbearresources.ca
Web: www.greatbearresources.ca
Cautionary note regarding forward-looking statements
This release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable Canadian and
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities) and title to properties.
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