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Great Bear Resources Ltd. 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 Nov 26, 2019 10:48am
202 Views
Post# 30393297

I've been thinking about the number of holes we'll need to

I've been thinking about the number of holes we'll need to
get to that maiden resourse.
So firstly I looked at what I call the North Blob which I applied dimensions to of 750 X 200 X 200 and at 1 gram that worked out to 2,500,000 Oz. 
If we drilled a grid from surface @ 50 meter spacings we would need 80 holes to box in those dimensions. ( 16,000 meters of drilling )
Note that I only used depth of 200 meters and as we know we've been hitting much deeper than that so if this runs to 400 meters deep we get 5,000,000 Oz. but it wouldn't take any more holes, just the same holes but deeper. ( 32,000 meters )
Of course we may need 25 meter spacings to be compliant so that would mean 160 holes give or take.

The South Blob is about twice the size so just double everything above !

After looking at our announcements it appears we drilled about 20,000 meters of our intitial 60,000 meters into the Hinge/Limb Zones before we discovered the LP fault. We then moved over to the LP and eventually increased our budget to 90,000 meters which means we are currently finnishing up on 70,000 meters on the LP which would give us at least 140 holes but probably more like 160 -180 or even more possibly. 

The point of all this blather is that we must be closing in on that 70,000 meters and so should have plenty of holes into one if not both of those Blobs by now meaning that we might be much closer to getting to a maiden resourse than I thought.
But even if we aren't that close because we need tighter spacing just looking at the meters we've drilled so far and thinking about the grid I've mentioned above it should be very apparent to everyone what we have( compliant or not ) after this round of drilling. 

It will be very interesting to see if any Analysts come up and say
" Yup, these guys have 10,000,000 Oz. all day long and they still haven't even scratched the surface yet "

You better believe I'm not the only one who does this shite for fun !


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