Great Bear Resources Ltd. GTBAF

Metals & Mining Gold

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

Great Bear Resources Ltd. > 25 million ounces?

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Comment by Goaweighon Jan 06, 2020 12:31pm

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Post# 30522373

RE:25 million ounces?

Yourrightaboutthe25millionoz !
But I supect they would ramp up production to 1,000,000 oz. per year give or take.
There could be multiple deposits like Hemlo each producing 500,000 oz. !

captainpooby1 wrote: 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?