Great Bear Resources (GBR.V) has updated the market on its geological modelling interpretation of the Auro 2 high-grade gold zone on the Dixie gold project in Ontario. As a brief reminder before digging into the results, Auro 2 is just one of the 23 high-grade ‘domains’ along a four kilometer long section of the LP Fault at Dixie. Great Bear provided an extensive update on this Auro 2 zone where it has drilled 58 holes which intersected gold mineralization from the surface, and remains open at depth.
Thanks to the high-grade nature of the mineralization and the density of the drill spacing, this zone is coming together pretty nicely and the key word here is ‘consistency’. Great Bear obviously doesn’t want to do anything rushed and has been drilling Dixie for a few years now without releasing a resource update. Likely because the company wants to make sure its very first resource estimate will be very credible and having a high density drill pattern will be very helpful. Additionally, GBR will also want to avoid a ‘backward looking’ market and wants to make sure the maiden resource estimate is a robust and sizeable one.
And the Auro 2 drill program will help. The 58 holes have outlined a consistent contact between the meta-sedimentary and felsic volcanic rocks that is steeply dipping and has been traced to a vertical depth of 450 meters but the mineralization remains open at depth.
Disclosure: The author has a long position in Great Bear Resources. Please read our disclaimer.
