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Great Bear Resources Ltd. (GTBAF) announced the resumption of operations at its flagship Dixie Project in Ontario following the lifting of a work suspension order due to improved forest fire conditions. With a fully funded exploration program totaling $45 million, the company is set to commence Phase 2 drilling on August 23, 2021. This phase includes expansion drilling of the LP Fault and additional infill drilling across various zones. The Dixie Project covers 9,140 hectares and features two primary styles of gold mineralization, positioning Great Bear for significant exploration advancements.
Great Bear Resources Ltd. has completed Phase 1 drilling at its LP Fault in the Dixie Project, with 440 drill holes totaling over 222,500 meters. Results from 109 holes are pending, expected over the next 2-3 months, with a mineral resource estimate anticipated by Q1 2022. The company has approximately $83 million in cash and is funded through 2022. Due to regional forest fire activity, drilling has been temporarily suspended but is expected to resume around the week of August 9 if conditions allow.
Great Bear Resources Ltd. (TSXV: GBR, OTCQX: GTBAF) held its Annual General Meeting on June 29, 2021, with 33,673,676 shares represented, accounting for 58.94% of total shares. Shareholders overwhelmingly supported all business items, including the election of directors, with Gilbert Lawson receiving 99.76% of votes in favor. Notably, Tony Ricci did not seek re-election after ten years of service. The company retains a strong focus on gold exploration in Ontario's Red Lake district, overseeing over 200 km² of land across four wholly-owned projects.
Great Bear Resources announced successful results from its $45 million exploration program at the Dixie Project in Ontario. New drill hole BR-315 intersected high-grade gold domains, revealing 400.00 g/t gold over 0.50 metres and bulk tonnage of 2.23 g/t gold over 77.40 metres. The project has now completed 331 drill holes, with 50 more in progress. Future drilling aims to establish a maiden mineral resource estimation in the central LP Fault zone.
Great Bear Resources Ltd. (TSXV: GBR, OTCQX: GTBAF) announced key management changes on May 31, 2021, including the appointments of Calum Morrison as CFO, Andrea Diakow as VP of Projects, Jenni Piette as Director of Sustainability, Darryl Boyd as Director of Environment, and Cori Compton as Corporate Secretary. The company also confirmed 100% ownership of its Red Lake projects after completing option payments amounting to $180,000. The Annual General Meeting is scheduled for June 29, 2021.
Great Bear Resources announced progress from its $45 million exploration program at the Dixie Project in Red Lake, Ontario. The company is focusing on 17 high-grade gold domains within the LP Fault zone, with detailed drill results now available. Highlights include BR-298, which reported 22.79 g/t gold over 4.80 meters, and BR-299 showing 13.27 g/t gold over 2.35 meters. The drill program aims to enhance mineral resource estimation and is on track for completion by year-end. The LP Fault zone remains open for further extension, promising strong exploration potential moving forward.
Great Bear Resources will host a webinar on June 7, 2021, at 11:00 am PDT to discuss its progress on the Dixie property drill program in Ontario's Red Lake district. CEO Chris Taylor and VP of Exploration Bob Singh will present, followed by a Q&A session. Registration details are available here. Additionally, the company has completed its annual incentive compensation grants, including 61,236 Deferred Share Units and 265,356 Restricted Share Units for employees.
Great Bear Resources Ltd. announced progress from its $45 million 2021 exploration program at the Dixie Project in Ontario, continuing to demonstrate impressive advancements in gold mineralization at the LP Fault zone. The company has successfully extended drill-defined gold mineralization by approximately 25% this year. Recent drill results show high-grade gold intersections, with notable assays of 11.18 g/t and 16.50 g/t gold over specific core lengths. A total of 400 drill holes are planned, reinforcing the potential for significant extensions in the LP Fault zone's mineralization.
Great Bear Resources Ltd. (GTBAF) announced the addition of a sixth drill rig at its Dixie Project in Ontario, aimed to accelerate its $45 million exploration program in 2021. The focus remains on infill and expansion drilling at the LP Fault zone, where substantial gaps exist between drill holes. Successful intersections have been recorded, including 15.57 g/t gold over 3.05 metres. The project sits on 9,140 hectares and is located 25 km from Red Lake, a significant gold mining district.
