Gold steadies as traders focus on uncertain 2025 rate path
Gold has hit successive records this year and is set to close 2024 more than 25% higher.
Vancouver-based Great Bear Resources has intercepted new gold mineralization along the fold axis at its Dixie project in the Red Lake district. The best assay was 31.40 g/t gold over 0.7 metre at a depth of 64 metres below surface.
Great Bear considers the D2 fold axis to be a significant gold control. All five of the holes recently drilled there returned gold mineralization. Two of the holes intersected multiple gold-bearing veins. These intersections may be extensions to the Dixie hinge zone vein system or may be new gold zones, said the company.
With the success of the recent drill program, Great Bear has made additional property acquisitions in the region. They include the Dedee, Pakwash and Sobel properties.
This article first appeared in the Canadian Mining Journal.
