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Bullboard - Stock Discussion Forum 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... see more

OTCQX:GTBAF - Post Discussion

Great Bear Resources Ltd. > Early days still
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Post by BobbyCls on Sep 04, 2019 12:55pm

Early days still

We are still in the very early days here.  They mentioned they have drilled approx. 15% of the LP Fault and that Hinge can potentially go as far as 5km.  The North Fault hasn't even been tested yet except for 1 historical core.
Comment by lccommoner on Sep 04, 2019 5:04pm
Early days still - YES!  This is a very large footprint (18km of LP fault alone; NR 2 Sept.). "We plan  to have drilled along most of the LP structure by this time next year, and, already funded for this work." It is suspected that ~$18M cash + ~$10M in the money would leave ~$20M for drilling through summer 2020. Let's use $20M for drilling at $175/m. This equates to ~114 ...more  
Comment by BILLMINER on Sep 04, 2019 6:30pm
Well put.  To have this amount of money already for drilling and to have such a low float . Indeed a gem 
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