2022-01-11 06:03 ET - News Release

 

Highlights include:

 

E2 GOLD ZONE (new zone)

PEX-20-034 returned 5.58 g/t Au over 13.85 m including 136.02 g/t Au over 0.55 m

PEX-21-066 returned 4.54 g/t Au over 8.45 m
 

GOLD-COPPER DONNA ZONE (new zone)

PE-21-318W1 returned 1.37 g/t Au and 0.25 % Cu over 56.00 m including 3.59 g/t Au and 0.72 % Cu over 14.70 m

PE-21-318 returned 0.79 g/t Au and 0.24 % Cu over 29.15 m

PE-21-318W2 returned 0.89 g/t Au and 0.20% Cu over 16.00 m
 

E3 GOLD ZONE (new zone)

PEX-20-003 returned 0.75 g/t Au over 33.80 m

UPPER HIGH GRADE ZONE (new zone)

PE-20-207W1 returned 18.79 g/t Au over 1.05 m

PE-20-190 returned 1.01 g/t Au over 17.20 m

PE-20-186A returned 4.08 g/t Au over 3.50 m

Significant premium of 40% to Great Bear's 20-day VWAP on the TSX-V for Great Bear shareholders

Option to select cash or Kinross common shares as consideration, subject to pro-ration

Opportunity for continued economic participation in the future potential of the Dixie project while gaining exposure to Kinross' diverse portfolio of high-quality operating mines, sector-leading production growth and free cash flow generation in a robust gold price environment

Kinross has the technical, development, operating and financial capabilities to advance Dixie as a top growth priority building on and further enhancing its top tier potential

Unanimously recommended by Great Bear's Board of Directors

Kinross is committed to the highest standards of ESG and will be a responsible steward for all Dixie stakeholders, continuing the long-term partnership with Wabauskang and Lac Seul First Nations

Investor conference call at 5:00 a.m. PST (8:00 a.m. EST) on Thursday, December 9, 2021   

 

VANCOUVER, BC, Dec. 8, 2021  - Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) today announced that it has entered into a binding agreement (the "Arrangement Agreement") with Kinross Gold Corporation ("Kinross", TSX: K; NYSE: KGC) under which Kinross has agreed to acquire all of the outstanding common shares of Great Bear (the "Transaction").

VANCOUVER, BC / December 8, 2021 / Skeena Resources Limited (TSX:SKE )(NYSE:SKE ) ("Skeena" or the "Company") is pleased to report new drilling results from the 2021 Phase II Albino Waste Facility ("AWF") investigation at the Eskay Creek gold-silver project ("Eskay Creek" or the "Project") located in the Golden Triangle of British Columbia. This expansion program, totaling 212 m over 12 vertical drill holes, was completed utilizing an air rotary drill rig from the surface of the permitted AWF in Q4 2021. Analytical results from the recently completed drill holes are detailed in this release. Reference images are presented at the end of this release as well as on the Company's website.

 

Eskay Creek AWF Phase II 2021 Highlights:

 

5.90 g/t Au, 317 g/t Ag (10.13 g/t AuEq) over 16.77 m (SK-21-899)

4.53 g/t Au, 168 g/t Ag (6.77 g/t AuEq) over 12.20 m (SK-21-901)

5.84 g/t Au, 222 g/t Ag (8.80 g/t AuEq) over 13.72 m (SK-21-903)

3.39 g/t Au, 156 g/t Ag (5.47 g/t AuEq) over 16.77 m (SK-21-908)

3.76 g/t Au, 151 g/t Ag (5.77 g/t AuEq) over 16.76 m (SK-21-909)

 

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths equate to 100% of reported sample lengths. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.

VANCOUVER, BC / December 8, 2021 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQB:GATGF) (the "Company" or "Gatling") is pleased to announce the completion of Phase II drilling at the Kir Vit prospect which totaled 5,330 m. Highlights include 1.4 g/t Au over 26.0 m in KV-21-30 within a larger intersection of 0.8 g/t Au over 54.0m, and 4.9 g/t Au over 4.0 m in KV-21-018 . Three mineralization styles have been identified at Kir Vit, indicating a large gold system is present in the area with multiple structural controls. Intersecting new mineralized horizons within the brecciated conglomerate also merits a follow-up program, since it is the largest geological unit at Kir Vit striking over 1 km with widths up to 600 m. Gatling is focused on expanding all mineralized envelopes with Phase III exploration and drilling in 2022.

 

Jason Billan, President and CEO for Gatling, commented, "The results of the recently completed 5,000 meter drill program have completely redefined the gold potential of the Kir Vit Prospect at the Larder Gold Project. Initial drilling at Kir Vit outlined promising near-surface gold intercepts near syenitic intrusions and shear-hosted structures in mafic volcanic rocks. The Phase II drilling was partially designed to probe a large, 1 km long by 600 m wide, package of Timiskaming Conglomerates containing hydrothermal breccia structures. The drill intersections in the shear structures yielded high-grade over shorter intervals, while hole KV-21-30 in the conglomerate zone suggests that Kir Vit has more to offer by exhibiting much larger widespread zones than recently discovered. This new mineralized unit, still heavily unexplored, is volumetrically large and will be the focus of our Phase III 2022 drilling at the Kir Vit prospect. We will be outlining our comprehensive exploration budget and program at the Larder Gold Project in early 2022."