Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Ontario has rescinded a work suspension order in place over great swathes of the province in the wake of wildfire activity since July 21, allowing Great Bear Resources (TSX: GBR; US-OTC: GTBAF) to start work on Phase 2 drilling from August 18.
The next phase of Great Bear’s exploration strategy will test the continuity of mineralization along the significant LP Fault below 450 metres depth, which remains relatively untouched since the discovery was first announced nearly three years ago.
The next phase of Great Bear’s exploration strategy will test the continuity of mineralization along the significant LP Fault below 450 metres depth
The funded C$45 million program will again step out beyond the four-kilometre-long Phase 1 grid drilling area, which has been responsible for generating the bulk of the high-grade gold mineralization to date.
The program will also include any additional infill drilling of the Phase 1 LP Fault grid drilling area that may be required and will also target expansion and infill drilling of the Hinge, Limb and Arrow zones that had seen less exploration activity in recent quarters.
Additionally, the next phase of drilling will test new regional targets at Dixie.
Ongoing drilling continues to intersect high-grade and bulk tonnage gold mineralization at the LP fault.
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.
