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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 Aug 21, 2019 12:24pm
248 Views
Post# 30050942

Did I !!!

Did I !!!

What's the potential of the LP fault ? some number crunching

just for fun.

Here are the factors I'm going to use for this model.
From the BR zone to the Yuma zone looks like about 2,000 meters so I'm going to use 2,000 meters in my calculations for strike.
One section of Hole DNW-011 was 12.33 grams over 14 meters but I'm going to use 10 grams over 15 meters for rounding purposes and I'm going to use increments of 100 meters for depth and I'm going to use gravity of 2.5 so here's what that looks like.

2,000 (strike) X 15 (width) X 100 (depth) = 3,000,000 cu meters X 2.5 = 7,500,000 tons X 10 grams = 75,000,000 grams divided by 30 = 2,500,000 OZ.
So using this model for every 100 meters of depth we add 2,500,000 OZ and as we know Red Lake is currently mining down plunge to around 2,000 meters ( and so is Hemplo I think ) so that would equate to 50,000,000 OZ in this tiny fraction of our property. The LP fault is believed to go down to 14,000 meters in depth so that would be 350,000,000 OZ. !
Think it gets a bit hot down that deep so the gold is still molten so we'll have to suck it up in a giant vacuum. 

But seriously, it gets ridiculously large very quickly because of the grades we are getting here.
As Chris said in passing awhile ago " bulk tonnage high grade " which is virtually unheard of, at least to me it is. 

They must have seen something interesting in those old cores to justify moving all 3 rigs to the LP so quickly ! 

Bulk tonnage high grade has a really nice ring to it !      

 


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