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Great Bear Resources Ltd (GTBDF)

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Last Post: 12/10/2021 9:39:54 PM - Followers: 7 - Board type: Free - Posts Today: 0

GREAT BEAR RESOURCES  https://greatbearresources.ca/

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.

2019 Drilling Highlights to Date:

Hinge Zone

DHZ-014 – 0.70 m of 1602.73 g/t Au

2018 Drilling Highlights:

Hinge Zone

DHZ-003 – 16.35 m of 26.91 g/t Au

-Incl. 5.05 m of 51.39 g/t Au
-and Incl. 1.0 m of 112.63 g/t Au

DHZ-004 – 7.00 m of 68.76 g/t Au (15 m vertically below DHZ-003)

-Incl. 2.00 m of 228.27 g/t Au,
-Incl. 1.00 m of 302.48 g/t Au

DHZ-002 – 17.18 g/t Au over 1.7m

-Incl. 46.3 g/t Au over 0.60m

DHZ-001 – 10.15 g/t Au over 1.25m

Hanging Wall Zone

DL-005 – 10.40 m of 16.84 g/t Au 

DL-009 – 12.41 g/t Au over 1.5m
-Incl. 30.20 g/t Au over 0.55m

DLZ 1.6km Step Out

DNW-001 – 12.74 g/t Au over 1.7m

Geology at Dixie:

Dixie is a typical Archean mesothermal gold vein system located approximately 20-25 km from significant mines that share the same geological and metallogenic characteristics (Red Lake, Madsen and Rahill-Bonanza). Dixie hosts a series of mafic-felsic sequences within the Red Lake Greenstone Belt. Significant folding and thinning of the greenstone lends itself to enriched zones of gold mineralization.

2017 Drilling Highlights

In 2017 Great Bear completed an 8-hole, 1,000 metre drill program at Dixie. Highlights include:

Dixie Limb Zone

DL005 – 10.40 m of 16.84 g/t gold including 1.05 m of 130.10 g/t gold

DL004 – 6.30 m of 5.56 g/t gold including 1.0 m of 8.33 g/t gold

DL001 – 4.60 m of 4.07 g/t gold including 0.50 m of 10.50 g/t gold

DL003 – 13.75 m of 2.11 g/t gold including 1.5 m of 5.42 g/t gold

Past Work Programs

Examination of historic work on the project by Company geologists have identified several inconsistencies in the database that led to an underestimation of gold grades. The Company continues to evaluate this and test the exploration potential created by the structural folding of the mineralization sequences, which lend themselves to the formation of higher grade ore shoots.

Drilling highlights from the historical database include: 2.2 m at 17.2 g/t gold in hole DC-08-01R; 4.6 m grading 9.75 g/t gold in hole DL-04-04; and 1.97 m grading 17.77 g/t gold in hole DL-89-9.

While the project has an extensive history of exploration, Great Bear believes it’s new interpretation of the geology and structure should allow for a much more focused exploration program on these higher grade shoots as well as testing parallel zones that have been identified as a result of the compilation studies of the extensive historical data available. Recent drilling, announced September 7, 2017, has led to a better understanding of the structural and geological relationships of high-grade gold at Dixie Lake.



West Madsen

Click here to add your own textIn 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.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained on this website.


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GTBDF News: Great Bear Drills New High-Grade Gold Discovery at Dixie 05/28/2019 03:43:27 PM
GTBDF News: Small Company Offering and Sale of Securities Without Registration (d) 09/24/2018 04:55:55 PM
GTBDF News: Small Company Offering and Sale of Securities Without Registration (d) 05/31/2018 05:06:18 PM
GTBDF News: Small Company Offering and Sale of Securities Without Registration (d) 01/05/2018 05:27:26 PM
GTBDF News: Small Company Offering and Sale of Securities Without Registration (d) 09/23/2016 03:18:42 PM
#76   I've heard that discussed, but Kinross seems to sortagreen 12/10/21 09:39:54 PM
#75   If I were Bristow and I realllllly wanted scaryharrysafari 12/10/21 09:32:42 PM
#74   Breakup fee is $85 million. Subtract the ~$70 sortagreen 12/10/21 09:02:54 PM
#73   Oh I'm very familiar with the Great Bear scaryharrysafari 12/10/21 08:09:28 PM
#72   "don't expect Barrick to suddenly come riding to sortagreen 12/10/21 06:24:08 PM
#71   HOORAY FOR DIXIE--- Kinross takes it on the chin ernie44 12/10/21 03:22:08 PM
#70   They might up the ante a little bit scaryharrysafari 12/10/21 01:10:47 PM
#69   We'll be surprised if that's the final offer. sortagreen 12/10/21 11:20:46 AM
#68   Santa Claus just showed up for you Great scaryharrysafari 12/09/21 10:09:27 AM
#67   It should be: sortagreen 11/19/21 08:48:55 AM
#66   GTBDF hmmm ED25 11/15/21 06:48:38 AM
#65   Board's dead and the ticker is wrong, but sortagreen 11/14/21 07:44:07 AM
#64   Great Bear Completes Phase 1 Grid Drilling to sortagreen 07/30/21 07:42:52 AM
#63   Who’s Next? sortagreen 07/22/21 07:33:58 AM
#62   "Any thoughts on what the average grade will sortagreen 07/14/21 08:22:50 PM
#61   Any thoughts on what the average grade will Gene_Simmons 07/04/21 09:35:08 AM
#60   Any thoughts on what the average grade will Gene_Simmons 07/04/21 09:35:08 AM
#59   Great Bear Provides Assays Across Width of LP sortagreen 06/21/21 10:24:07 PM
#58   It was Sprott Junior Gold Miners ETF. sortagreen 06/10/21 07:51:32 AM
#57   Wow, did not know that about Sprott. Tonyboons33 06/10/21 12:11:27 AM
#56   I've actually been buying since September 2018. sortagreen 06/09/21 09:34:52 PM
#55   I never left it, it's been my biggest Tonyboons33 06/08/21 11:33:01 PM
#54   If you're out of this stock, it's a sortagreen 06/01/21 07:28:13 AM
#53   Great Bear Drills 101.50 m of 4.69 g/t sortagreen 11/24/20 05:30:27 PM
#52   Great synopsis from @GTA on the CEO.CA board. sortagreen 11/17/20 06:06:13 AM
#51   We should be expecting more news this week. sortagreen 11/06/20 10:04:09 AM
#50   Thanks, LOTS OF GOLD - NYBob 08/23/20 01:56:57 PM
#49   Welcome aboard Empirestate123 07/24/20 10:49:28 PM
#48   Well hello, great to find a board foxhound02 07/24/20 02:04:19 PM
#47   Great Bear Discovers New High Grade "Arrow" Zone: sortagreen 06/18/20 07:35:56 AM
#46   Great Bear Drills 30.51 g/t Gold Over 12.40 sortagreen 06/09/20 06:59:23 AM
#45   Great Bear spun out a 2% net smelter sortagreen 05/14/20 08:04:53 PM
#44   What are royalty shares? Opened my position sday, Empirestate123 05/13/20 04:59:54 PM
#43   Meanwhile... Great Bear Announces Upsized Bought Deal Private Placement sortagreen 05/13/20 05:52:35 AM
#42   GTBAF, yes. sortagreen 05/13/20 05:48:50 AM
#41   Ticker symbol is changed from GTBDF to GTBAF Empirestate123 05/12/20 07:34:12 AM
#40   Sorry again lol sortagreen 05/07/20 06:18:06 PM
#39   Sorry... Here we go. sortagreen 05/07/20 06:07:13 PM
#38   Got ‘This ticker symbol is not available in Empirestate123 05/07/20 01:24:08 PM
#37   YouTube link is throwing an error. Can you Empirestate123 05/07/20 08:33:16 AM
#36   It's OTC in the States. It's TSX sortagreen 05/06/20 08:25:02 PM
#35   Great Bear Drills 18.57 g/t Gold Over 13.00 douginil 05/04/20 08:47:24 AM
#34   Good question, no idea. Tonyboons33 04/21/20 11:33:40 AM
#33   Why is this still trading in OTC markets Empirestate123 04/19/20 10:08:56 PM
#32   Great Bear to Host a Webinar on Thursday sortagreen 02/08/20 02:07:11 PM
#31   https://greatbearresources.ca/news/great-bear-announces-proposed-spin-out-of-2.0 sortagreen 02/02/20 02:31:51 PM
#30   Word is " the next webinar will be sortagreen 02/02/20 02:29:01 PM
#29   Hey let's update that chart ! nowwhat2 02/02/20 11:50:24 AM
#28   I've never seen one quite so "wavy" nowwhat2 01/16/20 12:53:06 PM
#27   GTBDF buy 6.62 stocktrademan 01/15/20 10:47:37 PM
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