Great Bear samples up to two g/t Au at West Madsen
GREAT BEAR Resources has released results of a high resolution airborne magnetic survey completed by the company in October, and gold exploration results from its West Madsen properties. Gold samples collected at West Madsen occur within prominent geophysically-defined extensions of the gold-hosting geology at Pure Gold Mining’s Madsen property that also continue on to Great Bear’s claims. Though work is at an early stage, each trend is con-
firmed to host gold mineralization, with samples returning between 0.9 gram per tonne gold and two g/t gold. Great Bear recently sampled 0.9 g/t gold within silicified, pyritic rocks containing up to 15-per-cent sulphides recovered from a large trench two kilometres west of Pure Gold’s claims. The trench is not included in any available assessment reports or other publicly available data, but is clear evidence of additional exploration activity on Great Bear’s property.
Chris Taylor, chief executive officer of Great Bear, said: “We are very encouraged by early work on our West Madsen claims. In the Red Lake district, samples are generally considered highly anomalous at the 50 parts per billion (0.05 g/t) gold level. Early-stage work at West Madsen has confirmed much higher levels of approximately one to two g/t gold in three through-going extensions of the adjacent Madsen geology. The confirmation of multiple mineralized trends at our project strongly supports follow-up prospecting and mapping to define future drill targets. The West Madsen properties offer a low-cost, highly prospective and easily accessible addition to our primary focus at Dixie Lake, where we are planning to begin phase 2 drilling after Christmas.”
Survey results at West Madsen Block B, which is located five kilometres to the west of Block A, show two primary gold targets: 1) a prominent northeast to southwest magnetic linear, and 2) strong evidence of large-scale folding. The magnetic linear has been described in regional reports as the on-strike extension of the Red Lake greenstone belt, which is mapped as continuing to the west where it ultimately becomes the Rice Lake gold district of westernmost Ontario and southern Manitoba.
Folding is critical to grade enrichment at the Great Bear’s Dixie Lake property, and within many other Red Lake district gold deposits including the Red Lake mine of Goldcorp. Great Bear has not yet prospected West Madsen Block B, but results of the geophysical survey have provided two target areas for follow-up exploration, focused on the fold hinge area, and along the main magnetic linear.
Both Madsen blocks will be further explored in spring, 2018, after conclusion of a winter drill campaign at the Dixie Lake project that is slated to begin after Christmas.
Great Bear is earning a 100-per-cent royalty-free interest in the Dixie Lake property which consists of 7106 hectares. In addition, Great Bear is also earn ing a 100-per-cent royalty-free interest in its West Madsen properties which total 2725 hectares and are contiguous with Pure Gold Mining’s Madsen property. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.
All samples were sent to Activation Laboratories in Ancaster, Ont., an accredited mineral analysis laboratory, for analysis for gold using standard fire assay AA techniques. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program.
Bob Singh, PGeo, director and vice-president, exploration, for Great Bear, is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
We seek Safe Harbor.
Douglas William Ramshaw, Antonio Mario Ricci, Rajbinder Bob Singh, Christopher Neil Akehurst Taylor, David Andrew Terry
(GBR) Shares: 14,895,998