Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
To mark the two-year anniversary of discovery of the LP fault at its flagship Dixie gold project in Red Lake, Ontario, Great Bear Resources (TSXV: GBR) has released two new detailed, high grade long sections. The sections occur next to the previously released domain BR7 as well as 18 new LP fault holes.
Ongoing drilling continues to intersect high grade and bulk tonnage gold mineralization at the LP fault. The most recent results include:
Great Bear says the gold in high grade domains is generally seen as free gold in quartz veins and silica-sulphide replacement zones. Disseminated mineralization with high grades is also seen with lower grade envelopes (the LP fault) and are suitable for bulk tonnage mining.
Great Bear’s C$45 million 2021 exploration program is fully funded.
(This article first appeared in the Canadian Mining Journal)
