RE:RE:RE:RE:Diabase1 are you still around ? This is from a news release of Nov 19 2020. So probably GBR has not started any work on this property yet. Perhaps just in the planning stage.
The Company also announces acquisition of an additional claim package as part of its regional exploration program. The "Red Lake North" (or "RLN") property consists of 3,220 hectares of mineral claims located in what are interpreted to be the Woman Lake and Flat Lake assemblages of the Balmer Sequence, approximately 70 kilometres northeast of Red Lake. Figure 1 . Of importance, third party logging activities are planned for 2021 that will provide road access to the RLN property for the first time, facilitating low cost exploration.
Figure 1 : Great Bear's Red Lake properties, showing the location of the new Red Lake North property.
The property hosts local D2 fold culminations which are important controls of gold mineralization elsewhere in the Red Lake area, and contain several gold-in-quartz vein type historical showings, including limited historical drilling. The best results consist of generally less than 1 metre wide veins assaying up to approximately 20 – 25 g/t gold, described in historical reports (e.g. Flint Rock Mines Ltd., assessment files, Resident Geologist's office, Red Lake . Fyon, A. J. and O'Donnell, L. 1986, O.G.S. M.P. 132, p. 269, 270, 274).
Great Bear can acquire a 100%, royalty-free interest in the RLN property through an option agreement with Perry English , Gravel Ridge Resources Ltd., and 1544230 Ontario Inc. (a company controlled by Perry English ), whereby Great Bear will pay a total of $125,000 over a period of four years, and issue 10,000 shares to the vendors. The agreement and the issuance of the shares are subject to TSX-V approval.