trending Market Intelligence /marketintelligence/en/news-insights/trending/os5_BeYYUVW2dDugwU5Cmw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

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

Blog

Top electric vehicle markets dominate lithium-ion battery capacity growth

Blog

Message in a (Word)Cloud

Blog

Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining


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.