Great Bear Resources Ltd. GTBAF

Resource Estimate

[eatmorefiber2]

How many holes does GBR require for an RE?  

Rupert so far has about 60?  In terms of just numbers, they are way behind GBR, but I understand it's a different type of deposit.  They plan to release an RE later this year:

Drilling continues to progress, targeting strike and depth extensions with infill drilling also planned that will contribute to a resource estimation later in the year.

[Goaweigh]

We're doing a resource estimate later this year too, after 400 holes, but our project is obviously much larger.

[goldbuz]

They could come out with an RE. anytime they want to, but to be classified as a tier one resource, they need minimum of 5mil.oz. So as CT has stated on a few occasions, we are a tier 1 resource, the drilling continues till at least the 5 mil.threshold is reached, and hopefully a lot more oz.

[flashcash]

It depends on the size and scale of what they want to achieve, i.e. how many oz's for their maiden resource,  over 1 to 2 million as an open pit will get majors notice. I think they will use the over 100 m step outs to infer and probable tighter still with the proved the closest spacing, I think 25 m was mentioned but on the scale of this 35 to 50 m would be ok. The core 'pit'