Gold Company Doubles Drill Program Scope at Red Lake District Project

April 9, 2019

By The Gold Report

Source: Streetwise Reports   04/04/2019

The decision to continue exploration is based on the robust set of drill results obtained thus far.

Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it doubled its current drill program to 60,000 meters (60,000m) from 30,000m and has the $5.6 million in funds needed to carry the program out in its entirety.

“Great Bear is in a very strong position, with funding in hand to aggressively expand our drill program, and results to date certainly warrant this expansion,” President and CEO Chris Taylor said in the release.

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The expanded campaign will continue through 2019. The original 30,000m program, with 12,000m left to be drilled, will be completed by July 2019.

For the added 30,000m, Great Bear will add a third drill rig once the company identifies regional targets. It will use this rig to test those targets and help with drilling of the Dixie Hinge and Dixie Limb zones as needed, allowing Great Bear to “retain a high rate of core production,” the release noted. It will employ the two rigs already at work to delineate and extend those two zones along strike and at depth.

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( Companies Mentioned: GBR:TSX.V; GTBDF:OTC,