Date: March 26, 2020
Great Bear Resources is a well-financed gold exploration company. The management team has a track record of success in mineral exploration. Further, Great Bear is focused in the prolific Red Lake gold district in northwest Ontario. There, the Company controls over 300 km2 of highly prospective tenure across 4 projects. The flagship Dixie Project (100% owned), and the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), and the Sobel Property (earning a 100% interest), all of which are accessible year-round through existing roads.
Great Bear Resources has 100% royalty-free interest in the Dixie Project. Moreover, it consists of 9,140 hecatares of contiguous claims that extend over 22 kilometres. In the last two years, there have been multiple high-grade gold discoveries; the Dixie Limb, Hinge, Bear-Rimini, Yuma, Auro, Yauro, Viggo and Gap zones. The last six discovery areas are now considered one zone that is hosted by the LP Fault deformation zone, which overall is an 18km target that is continuously being explored by the company.
The Dixie project is a gold exploration and discovery project located only 25 kilometers southwest of Red Lake, Ontario. In fact, the reknown Red Lake gold district has produced approximately 30,000,000 oz gold from 29 gold mines historically. Dixie itself is a large high-grade gold system from surface, that is accessible year-round by highway and has access to major infrastructure. It is located only 15 minutes from the town of Red Lake and the entire project runs parallel to a highway and power lines, with natural gas lines and power running right through the project as well.
The company is fully funded to complete a very active drill program of 200,000 metres, without the need for funding through to the year 2021.
For more information on Great Bear Resources Ltd. (OTCQX:GTBDF, TSX.V:GBR) please fill out the form below.