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Great Bear expands drill program at Ontario gold project to 200,000 meters

Great Bear Resources Ltd. expanded the ongoing drill program at its flagship Dixie gold project in Ontario to 200,000 meters from 90,000 meters.

The company said Dec. 5 that it earmarked C$21 million for the campaign, which will be completed by the end of 2020.

Five drills are expected to be active on site in early 2020. All-in drill costs are projected at C$175 per meter to C$185 per meter.

Drilling will focus on the known gold zones at the LP Fault, Hinge Zone, Dixie Limb, and North Fault, as well as additional new targets across the 22-kilometer strike length of the Dixie property.

Great Bear said it can further amend the program thanks to C$31 million in cash on hand and an additional C$10 million of in-the-money warrants.

CEO Chris Taylor said the program would be "one of Canada's largest gold-focused exploration drill programs in 2020," with over 80% of the Dixie property not yet explored.