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Great Bear Resources Ltd. GTBDF


Primary Symbol: GTBAF

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.


OTCQX:GTBAF - Post by User

Post by Goaweighon Feb 08, 2020 5:21pm
162 Views
Post# 30663044

We must be at 100,000 meters or 200 holes by now and

We must be at 100,000 meters or 200 holes by now and
I'm guessing we will start to release holes in batches of maybe 20 at a time.
But I'm wondering where we will start and how closely spaced the holes will be.
The Auro/Yauro/Yuma area looks like the more robust of the lot, thicker and it looks like it may go deeper or at least that's what our maps indicate, so that area may be where we focus first.
So what is our game plan to present this story in the best possible way.
Do we kick off the program of building Oz.'s by releasing a batch of holes in a smallish area, a panel of let's say 100 meters of strike by 200 meters deep or maybe 500 meters deep and continue releasing data in a similiar way every two weeks adding 100 meters of strike at a time ?
If so we would be crawling along the fault at a rate of 200 meters per month so is that fast enough ?
Maybe not, we really want to cover 5000 or at least 4000 meters in 2020 and complete a maiden resource in early 2021 so maybe we have to move a bit faster and that would mean 100 meters of data a week or 200 meters every two weeks, 400 meters per month. 
I guess some spacing of holes will have to be quite tight for the resource calculation whereas others can be wider apart with infilling coming later.
Think the key for us to get the best possible valuation is to demonstrate that a hole drilled in meter 1 is consistant with a hole drilled in meter 4000 so that regardless of the spacings of these holes, 100 meters vs. 50 meters vs. 25 meters, it will be so obvious that this is a multi million Oz. deposit that our valuation will move up to represent that and tighter drilling can come later. 

Maybe a shot gun blast coving all 4000 meters with very widely spaced holes will be the way they go, and then blasting another 20 and another 20 and on and on until all those dots start to connect. In that case consistency between one side of the deposit and the other may be demonstrated much faster than the more methodical approach of crawling along the fault at 100 meters increments. 

Any way they do it will be interesting to watch for sure but the sooner we can demonstrate that this really holds together and has massive potential the higher our stock will go and I think we need to do that very quickly to make sure we aren't that easy to swallow.

Should be a fun year ahead !

 




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