Great Bear Resources (GTBAF)(GBR:CA)
Discovery of New Gold Zone Underscores Dixie’s Growing Resource Potential
Noble Capital Markets research on Great Bear Resources is published under ticker symbols GTBAF and GBR:CA. The price target is in USD and based on ticker symbol GTBAF. Great Bear Resources Ltd is a gold exploration company. It explores for mineral properties in the Red Lake District in Ontario, Canada. Its property portfolio includes Great Bear’s Red Lake Properties with the flagship Dixie project, Pakwash property, and Sobel property.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
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LP Fault drilling continues at depth. LP Fault drilling continues to expand gold mineralization, including at depth. Drilling has targeted various points along 2.9 kilometers of strike length, between surface and ~600 meters depth. Results have been uniformly good. For example, Hole BR-407 returned 1.83 grams of gold per tonne over 91.35 meters from 430.40 to 521.75 meters depth, including 11.29 grams of gold per tonne over 3.00 meters. Hole Br-426 intersected gold assaying 3.10 grams of gold per tonne over 28.30 meters, including 16.07 grams of gold per tonne over 3.70 meters.
Discovery of new high-grade gold zone. Great Bear Resources recently resumed drilling near the Hinge and Limb zones and discovered a new high-grade gold zone. The “Midwest” zone is located 275 meters northwest of the Hinge zone and 250 meters south of the Dixie Limb zone. Previous holes drilled at the Limb zone did not penetrate far enough to the west to intersect the Midwest zone. Hole DL-071 …
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.