Great Bear Resources Profile
Great Bear Resources Ltd is a precious metals exploration company. It explores for mineral properties in British Columbia and Quebec, Canada. Its property portfolio includes Great Bear’s Red Lake Properties that consist of West Madsen gold project located in the Red Lake Gold District comprising of two claims blocks; and Dixie Lake Project located at the Red Lake Ontario. The company’s resource properties are located in British Columbia and Ontario, Canada.
|Great Bear Resources Website||www.greatbearresources.ca|
|Stock Symbol||TSXV: GBR, OTCQB: GTBDF|
|SEDAR Profile||SEDAR - Great Bear Resources Ltd.|
|Investor Deck||Corporate and Technical Presentation|
|Company Assets||Dixie Project:
In July 2017, the company entered into a purchase agreement with Newmont Mining to acquire Newmont’s 33% stake in the project for $80,000 in total cash payments over 4 years.
In September 2017, the company acquired an additional 26 minerals claims and today the Dixie property covers 9,140 hectares.
In November 2018 Great Bear completed the purchase of 100% royalty -free interest in the Dixie Gold Project, Red Lake Ontario.
At the Dixie Project, gold mineralization is confirmed along a 2.3 km strike of a 10 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.
The above results prompted a $6 million investment by Rob McEwen and McEwen Mining, as part of a $10 million financing completed in September 2018. Combined with historical drilling, over 198 drill holes for 30,000 metres have been completed at Dixie. In March of 2018 Great Bear commenced a 10,000 metre drill program, of which results from 5,000 metres in 23 holes had been reported as of August with an additional 5,000 metres underway.
West Madsen (100%) is an on-strike extension of Pure Gold’s high-grade Madsen project.
In August 2017, Great Bear signed a purchase agreement to acquire 100 percent ownership of an expanded West Madsen gold project in the Red Lake Gold District. The total remaining payments to acquire a 100% interest in the West Madsen property is $124,000 over four years plus payment of 100,000 common shares of Great Bear. All royalties at the Madsen project are being purchased for payment of 200,000 common shares of Great Bear.
The project comprises two claims blocks, the easternmost (Block ‘A’) is now directly contiguous to Pure Gold Mining’s Madsen property; each block is roughly six kilometres by three kilometres in size, for a total area of 3,860 hectares.
The West Madsen project is a newly identified geological continuity of the greenstone belt within the Balmer and Confederation assemblages, which are host to the adjacent historical Madsen and Starratt Olsen mines. Results from neighboring Pure Gold’s Madsen project, reported September to November 2016, include 126.6 g/t gold over 3.7 metres; 34.0 g/t Gold over 11.0 metres; 25.4 g/t gold over 8.0 metres; and 76.0 g/t gold over 2.1 metres. Recent logging road construction has opened the area to cost-effective exploration for the first time. Great Bear’s next step on the property is an initial exploration program of mapping and sampling and geophysics towards defining priority drilling targets.
GBR Research Center
- July 16, 2019 - Great Bear Discovers New High-Grade “Yuma” Zone at 1.4 km Step-Out Along LP Fault from the Bear-Rimini Zone in Unassayed Historical Drill Core: Follow-Up Drill Results Pending
- July 10, 2019 - Great Bear Drills Major Hinge Zone Expansion to 440 m Down-Plunge: 3.90 m of 18.09 g/t Gold, Including 1.00 m of 69.97 g/t Gold
- July 3, 2019 - Great Bear Closes C$10.9 Million Over-Subscribed Bought Deal Private Placement
- June 13, 2019 - Great Bear Announces Upsized Bought Deal Private Placement of Flow-Through Common Shares to C$8.2 Million
- June 12, 2019 - Great Bear Announces C$5.5 Million Bought Deal Private Placement of Flow-Through Common Shares and Expansion of Drill Program to 90,000 m
- June 11,2019 - Great Bear Mobilizes Third Drill Rig to Bear-Rimini Discovery at Dixie
- June 10, 2019 - New Gold Control at Dixie Limb Zone Yields High Grades Including 17.55 g/t Gold Over 2.55 m within 9.15 g/t Gold Over 5.30 m – West Madsen Property Optioned to GoldON Resources
- May 28, 2019 - Great Bear Drills New High-Grade Gold Discovery at Dixie: 12.33 g/t Gold Over 14.00 m Including 30.90 g/t Gold Over 4.60 m; 194.21 g/t Gold Over 2.00 m Including 759.38 g/t Gold Over 0.50 m Multiple Shallow Gold Zones at New “Bear-Rimini” Target
- May 21, 2019 - Great Bear to Host a Webinar on Wednesday May 29th @ 8:00am PDT/11:00am EDT to Provide Update on Dixie Drill Program
- May 7, 2019 - Great Bear Drills Deeper in the Hinge Zone – 28.37 g/t Gold Over 3.70 m Including 200 g/t Gold Over 0.5 m; New Gold Zones Drilled Across Property
- April 30, 2019 - New Gold Control at Dixie Limb Zone Yields High Grades Including 17.55 g/t Gold Over 2.55 m within 9.15 g/t Gold Over 5.30 m – West Madsen Property Optioned to GoldON Resources
- April 9,2019 - Great Bear Exploration Team Recognized with “Bernie Schnieders Discovery of the Year Award” Presented by NWOPA
- April 1,2019 - Great Bear Doubles Fully Funded Drill Program From 30,000 m to 60,000 m – Will Add Third Drill Rig
- March 21,2019 - Great Bear Drills Multiple High-Grade Gold Veins in Hinge Zone Including 30.15 g/t Gold Over 7.25 m
- March 11, 2019 - Great Bear Drills New Gold Intercepts Along Fold Axis at Dixie Including 31.40 g/t Gold Over 0.70 m at 64 m Depth – Expands District Land Holdings
- February 21, 2019 - Great Bear Drills Hinge Zone Extensions – Results Include New 42 m Wide Zone with Multiple Gold-Bearing Intercepts Including 31.60 g/t Gold Over 3.40 m at 157 m Depth
- January 16, 2019 - Great Bear Drills 1,600 g/t Gold over 0.70 m at 150 m Depth in Hinge Zone, Dixie Project (51.29 ounces per tonne over 2.30 feet)
- January 14, 2019 - Great Bear Provides 3D Model of Gold System at Dixie
- December 12, 2018 - Great Bear Drills 27.36 g/t Gold over 3.65 m including 153.73 g/t Gold over 0.5 m as Hinge Zone Extended; Defines New Ultramafic Gold Control, and Mobilizes Second Drill at Dixie Project
- November 29, 2018 - Great Bear Reports Continuity of Gold from Surface to 365 m Depth in Dixie Limb Zone, Dixie Project, Red Lake District
- November 19, 2018 - Great Bear Completes Purchase of 100% Royalty-Free Interest in Dixie Gold Project, Red Lake, Ontario
- November 15, 2018 - Great Bear Closes C$3.5 Million Private Placement of Flow-Through Common Shares