Great Bear Resources Ltd. GTBDF

Barrick may bid on GBR

[Goodtoreadthis1]

Chris Taylor frequently compares Dixie's LP fault to Hemlo.  HEMLO is reported by Barrick as a significantly declining mine, so replacement of Hemlo amy trigger a bid on GBR


Hemlo… Ontario, Canada Production 6% higher than the prior quarter due to higher grades from C-Zone underground and open pit stockpiles Quarter on quarter unit costs lower as a result of the higher grade and improved recoveries Hemlo (100%) Q1 2020 Q4 2019 Q1 2019 Ore tonnes processed [phone] 733 Average grade processed (g/t) 3.64 2.28 2.49 Recovery rate (%) 95% 94% 94% Gold produced (oz 000) 57 54 55 Cost of sales ($/oz) 1,119 1,632 906 Total cash costs ($/oz)7 945 1,091 769 All-in sustaining costs ($/oz)7 1,281 1,380 915 See the Technical Report on the Hemlo Mine, Marathon, Ontario, Canada, dated April 25, 2017, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on April 25, 2017

Advancing to Tier 215 Status Moved to underground contract mining model and open pit mining will cease in H2 2020 Exploration and ongoing MRM evaluation of both C-Zone and areas to the west of Hemlo are key opportunities Drilling to date confirm plunge of C-Zone mineralization and fold structures remain consistent to 500m below current resources and 1km below existing development Activities in Q2 2020 will focus on: 1) evaluating the potential of the dormant Golden Giant and David Bell mines 2) assessing district scale exploration potential after years of inactivity