Tag: Great Bear Royalties Corp.

Great Bear Resources (TSXV:GBR, Not Rated) reported results from 73 holes from its 100%-owned Dixie Au project in Red Lake, Ontario. Drilling targeted the underexplored NW and SE areas of the 4.2km-long, core of the LP Fault zone. We view these results from LP Fault zone positively as they have helped establish continuity between the Discovery and Central areas within the core. Furthermore, the Great Bear Resources team have been able to pinpoint the controls on mineralization, which has positive exploration implications. Great Bear Royalties has one asset, a 2% NSR royalty on the Dixie Au project, host to the LP Fault, Dixie Limb and Hinge zones; a tier 1 discovery in a tier 1 jurisdiction. Dixie hosts a large, district-scale, high-grade, near-surface Au deposit undergoing a $45M, 175,000m drill program. A total of 404 holes (of 440) have been released and are to be included in an initial resource estimate for the project in Q1/22. We anticipate at least 8-12M oz Au for the LP Fault zone, a large portion of which is above 400m depth and amenable to open pit mining.

Great Bear Resources (TSXV:GBR, Not Rated) reported results from exploration at the 100%-owned Dixie project in Red Lake, Ontario. Two years since discovery, two new detailed longsections were outlined; and another 18 holes of assays targeting peripheral and lower grade bulk tonnage domains were provided. Great Bear Royalties has one asset, a 2% NSR Royalty on Great Bear Resources’ Dixie Au Project, host to the LP Fault, Dixie Limb and Hinge Zones. Dixie hosts a large, district-scale, high-grade, near-surface gold deposit currently undergoing a $45M, 175,000m drill program. A total of 318 are now reported, of an expected 400 due prior to an initial resource estimate due Q1/22.