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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 captainpooby1on Jan 06, 2020 12:25pm
441 Views
Post# 30522343

25 million ounces?

25 million ounces?If you take Chris Taylor's comment from the AGM: 

"he believes GBR to be a strike with a 50-60 mine life and he aims to prove it"

and couple it with his statement in the just released letter: 

"One of our goals with the Dixie project is to define what the industry refers to as a “Tier 1” asset.  This is usually defined as a deposit that can produce over 500,000 ounces of gold per year, for at least 10 years."

What do you get? 50 years x 500k oz/year = 25M oz.

Amirite?
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