Great Bear Resources Ltd. GTBAF

25 million ounces?

[captainpooby1]

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?

[Goaweigh]

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. !

[flashcash]

Best way I suppose would be multiple declines along the high grade zones and then followed up later by bulk mining the lower grade, certainly enough area to have many, many declines. GLA Dont, sell, accumulate !

[Tminus1blkswan]

Myself, I'm unsure what the best way to mine this would be. Maybe go after a cutoff over 0.5g/t and blend with high grade to get you an overall 1g/t to the mill. Someone smarter than me will figure it out though.

[flashcash]

That low grade would most likely be better off with heap leaching.

[Goaweigh]

I was wondering about that very same thing but it occured to me that tempature might play a part in that. If it's too cold then the solutions used to leach out the gold may not flow properly and so production may be limited and in the case of Red Lake it's well below freezing for at least 4 months of the year.  So I checked out how Malartic processed it's ore and here it is

[Goaweigh]

Taking this a bit further I believe Malartic had a higher grade component, a sweet spot that was mined out years ago and they then discovered or realized, maybe as economics changed, that they had a bulk tonnage situation but most of it was under the town. So they moved the town and are now mining that bulk tonnage part of the deposit. Now as I mentioned the grade they report is 1.10 grams so can