Great Bear Resources Reports Significant Expansion of Hinge Zone at Dixie
TSX VENTURE: GBR
Toronto, ON / July 12, 2019 / JMN Wire / Shares of Great Bear Resources (TSX.V: GBR) continue to climb higher this week after the Company released the latest round of drill results from the high-grade Hinge zone at its Dixie gold project located in Ontario’s Red Lake mining district.
Great Bear has been one of the top performing stocks on the TSX Venture over the last year. Shares of the Company have risen nearly 800% over the last 52-week period, including 103% over the last 3 months. Despite the run up in its share price, Great Bear’s President and CEO Chris Taylor believes there is plenty of upside left as the Company continues its aggressive 90,000 metre drill program at Dixie that will last into 2020.
Located just south of the Newmont Goldcorp Corp. (NYSE: NEM) Red Lake mine, Great Bear’s Dixie gold project encompasses over 9,100 contiguous hectares along Ontario Highway 105. The project is 100% owned and free of royalties.
On Wednesday, the Company reported it had significantly expanded the Hinge zone by over 500 metres of east-west strike length. Highlighted assay intercepts included 3.00 metres of 23.21 g/t gold, including 1.00 metre of 50.66 g/t gold in DHZ-042 as well as 3.90 metres of 18.09 g/t gold, including 1.00 metre of 69.97 g/t gold, in DL-048.
In this exclusive interview with KE Report’s Cory Fleck, Taylor says the Company will continue to delineate the down plunge continuity of the Hinge zone as well as test six additional known gold zones along strike.
Shares of Great Bear Resources trade on the TSX Venture under the ticker symbol GBR as well as on the OTCQB under the symbol GTBDF. The Company is well funded with approximately C$20 million in treasury and has just 40 million shares outstanding, giving it a market capitalization of around C$177 million.