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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 Dec 05, 2019 11:22am
161 Views
Post# 30425086

I wonder how they are going to utilize those drills.

I wonder how they are going to utilize those drills. I'm guessing that 3 will probably stay on the LP and continue drilling off our Maiden resource, one of the high capacity drills will probably focus on the Hinge/Limb zone and chase the ore body down plunge and the 5 th will start hunting for new zones like the North Fault and further south along the LP.
We must have a hell of a lot of holes in the 2 blobs by now so I'm wondering how many more meters we'll need to drill to come up with our Maiden. Don't think we need anything particularly specific, like say 200 holes at 25 meter spacings, because once we've put a large number of holes into it, even at wide spacings, if the rocks are identical and the grades are similiar and it all hangs together then the market and the majors are going to be able to connect the dots and we'll get the significant kick we are hoping for.
The actual infill drilling with tighter spacing to formalize a resource will happen over time.
So I'm hoping we'll soon see maybe something like assays for 20 holes in the North Blob and 40 holes in the South Blob and maybe a bunch inbetween the two so we have something to scribble down on our napkins giving us at least an indication of what we might see in the future. 

We should get something next week I think and maybe one more bit of good news the week of the 17 th to carry us through Christmas would be great too.
New high for the year maybe !!!  


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