To obtain a better estimation frequency band for source bearing estimation, source bearing estimation experiments using an ice-mounted geophone were performed at three sites on the Arctic ice cap. By transforming to the frequency domain, errors of the bearing estimation in a number of frequency bands within 1000 Hz and the horizontal peak displacements received by the geophone in the corresponding frequency bands were obtained. After comparing the variation of errors to the peak displacements in the same frequency band, it is found that the errors are related to the peak displacements, and higher peak displacement values mean smaller errors. When the incident angle of the acoustic source and the ice thickness meet certain conditions, some modes of the Lamb waves of the ice plate are excited, the peak displacements at the same frequency band are increased, the errors of bearing estimation are reduced, and the effective frequency band for bearing estimation is broadened. These results provide some new ideas for the bearing estimation of acoustic sources beneath Arctic ice.