The Dixie Halo gold project totals approximately 14,770 hectares and borders much of Great Bear Resources Ltd.'s (TSX-V: GBR) Dixie project. Great Bear has reported gold mineralization being confirmed along a 3.2 km strike of a 18 km target. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold and 7.00 metres of 68.76 g/t gold and is open along strike and at depth.
14,770 hectares adjoining Great Bear's Dixie project which features two highly prospective targets including the Hinge Zone and LP Fault.
Great Bear continues to report gold intersections at various targets, including a recent intersection of 5.28 g/t gold over 42 meters at the LP Fault (see GBR Sep 3rd 2019 press release).
Great Bear is actively exploring the LP Fault with three drills working towards BTU's boundary.
Historical results from several areas on the properties with up to 14 g/t Au in grab samples.
Cash reserves from recent financings set to take drilling well into 2020.
Experienced management team with deep local knowledge holds approximately 10 percent of shares.
The current drill program has focused on testing IP anomalies near the north boundary about 1.5 km south of GBR’s “Hinge Zone”. Select core continues to be logged, sawn and shipped to the lab for assays as the holes are completed. Among drill targets to be tested is a fence of holes to test strong, broad IP chargeability anomalies on what appears to be the strike extension of GBR’s newly recognized “LP Fault” structure. This structure hosts high grade gold at several locations along several kilometres and the structure is reported to be 18 km in length. BTU geologists believe the southeastern portion of this fault crosses BTU’s ground. Other sub-parallel structures have been interpreted to be present or extend on to the Dixie Halo property. A Spatiotemporal Geochemical Hydrocarbons (SGH) soil sampling program has been undertaken to help define targets. This technique has proven successful at identifying gold zones further along the LP fault.
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