GREAT BEAR RESOURCES

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Great Bear Resources Ltd is a precious metals exploration company. It explores for mineral properties in British Columbia and Quebec, Canada. Its property portfolio includes Great Bear's Red Lake Properties (two claim blocks) and Dixie Lake Project.

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GREAT BEAR RESOURCES

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Great Bear Resources Ltd is a precious metals exploration company. It explores for mineral properties in British Colu......

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8020 Admin

5 minutes ago

8020 Admin posted a press release Great Bear to Host a Webinar on Wednesday September 4th @ 8:00am PDT/11:00am EDT to Provide Update on Dixie Drill Program in GREAT BEAR RESOURCES





TSX-V: GBR

VANCOUVER, Aug. 15, 2019 /CNW/ - Great Bear Resources (the "Company" or "Great Bear", TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, President and CEO and Mr. R. Bob Singh, Vice President, Exploration for a webinar detailing recent progress in the Company's ongoing fully-funded 90,000 metre drill program at it's 100% owned Dixie property in the Red Lake district of Ontario.



The webinar will take place on Wednesday, September 4th at 8:00am PST/11:00am EST. Management will be available to answer questions following the presentation.  Online registration and participation details may be found at the following link:



https://attendee.gotowebinar.com/register/7498183718142686465?source=GBR1


For those unable to participate, a recording of the webinar will be posted to the Company's web site following the live broadcast.


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"         


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-to-host-a-webinar-on-wednesday-september-4th--800am-pdt1100am-edt-to-provide-update-on-dixie-drill-program-300902234.html


SOURCE Great Bear Resources Ltd


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/15/c8061.html



please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

14 days ago

8020 Admin posted a press release Great Bear Explores the New "LP Fault" Gold-Bearing Structure with Three Drill Rigs and 2,100 Sample Geochemical Survey in GREAT BEAR RESOURCES

TSX-V:  GBR

VANCOUVER, Aug. 1, 2019 /PRNewswire/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today provided an update on ongoing exploration at its 100% owned Dixie property in the Red Lake district of Ontario.


The Dixie property contains four high-grade gold zones which extend to the near-surface, including two recently announced discoveries, the Bear-Rimini and Yuma Zones.  The two new zones are hosted within, and adjacent to, a major crustal-scale deformation zone (see news releases of May 28 and July 16, 2019) called the "LP Fault".  This structure is a major interpreted gold mineralization control that traverses the Dixie claims along approximately 18 kilometres of strike length.


Highlights of current exploration activities include:



  • All three drill rigs have now been deployed along the LP Fault.

  • The Company tested a new geochemical survey technique - Spaciotemporal Geochemical Hydrocarbon ("SGH") - that successfully located bedrock gold mineralization below glacial till cover in the Hinge and Dixie Limb areas.

  • An extensive SGH survey consisting of 2,100 samples was subsequently completed over 4 kilometres of strike length of the LP Fault, as the area is also covered by thin till cover.  Results are expected in 4 – 6 weeks.

  • Drill results are pending from the Bear-Rimini, Yuma, Hinge, Dixie Limb and DNE target areas.


 


Chris Taylor, President and CEO of Great Bear said, "While the Hinge and Dixie Limb Zones continue to generate excellent high-grade gold results and will remain priority drill targets, early drilling of the LP Fault has also been very encouraging, and we plan to move all three of our drills to various targets along the structure as we await backlogged assays from the Hinge and Limb.  The area of the LP Fault and North Fault that is prospective for gold mineralization covers a district-scale target of approximately 50 square kilometres that is simply too large to explore through drilling alone.  The area's bedrock is also 99% covered by a thin, 2 to 10 metre deep glacial till blanket, and hence cannot be directly mapped.   Great Bear has now successfully tested a new geochemical method that is potentially capable of locating bedrock gold drill targets beneath the till cover, and could accelerate our exploration of this exciting new discovery."


New Geochemical Survey Technique - SGH


In May 2019, Great Bear completed a 145 sample test/orientation SGH survey across its Hinge and Dixie Limb Zones.  SGH survey details are provided at the end of this release. 


Independent analysis of the SGH survey results provided by Activation Laboratories Ltd. successfully identified both areas of underlying bedrock gold mineralization at the Hinge and Dixie Limb, as shown on Figure 1.  A cross section through both zones showing redox boundaries and associated gold mineralization as predicted by the SGH survey and interpreted by Great Bear is provided in Figure 2.


The Company subsequently collected over 2,100 SGH samples during June and July along 4 kilometres strike length, and 1 kilometre width of the LP Fault and North Fault.  A map of the geochemical survey is provided in Figure 3.  Results of the survey will be used to inform ongoing drilling, and will provide a cost-effective supplement to the concurrent drill program and existing high-resolution geophysical database.


Should the SGH method successfully predict bedrock gold mineralization along the LP and North Faults as it did at the Hinge and Dixie Limb, the survey will be expanded along more of the 18 kilometre strike length of the new targets.



Figure 1: Successful SGH orientation soil/till survey results showing predicted bedrock gold targets below the Hinge and Dixie Limb Zones. (CNW Group/Great Bear Resources Ltd.)



Drill Program Update


The Company continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, Yuma Zone, LP Fault, North Fault, DNE Zone and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June of 2019.  Approximately 50,000 metres of drilling remain in the current program.


Great Bear has been aggressively drilling the LP Fault, including its associated Bear-Rimini, Yuma and DNE Zones, in tandem with ongoing drilling of the Hinge and Dixie Limb Zones since the Company's discovery of high-grade gold at the Bear-Rimini Discovery area in May of 2019.


The Company is also continuing its program of re-logging, surveying and sampling of historical drill core, collecting lithogeochmical samples and completing petrographic analysis.


Results will continue to be provided as received and analysed.



Figure 2: Cross section through the Dixie Limb (left) and Hinge Zone (right) showing interpreted redox zones predicted through the SGH survey.  View to east. (CNW Group/Great Bear Resources Ltd.)




Figure 3: The recently completed 2,100 sample SGH grid along 4 kilometres of LP Fault and North Fault.  The locations of various gold mineralized zones drilled to-date are shown in red. (CNW Group/Great Bear Resources Ltd.)



About the SGH Survey


The following description of the SGH survey methodology was provided to Great Bear: "Actlabs' Spatiotemporal Geochemical Hydrocarbon (SGH) analysis is designed to target mineralization under cover.  SGH research since 1996 has shown that surficial material adsorbs hydrocarbon compounds released from the decomposition of bacteria and microbes that have fed on a mineral target at depth.  Near surface samples (soil, sediment, peat, till, sand, etc.) are collected, the weakly-bound, heavy hydrocarbons in the C5-C17 carbon series range are desorbed at the laboratory, and over 160 of these compounds are analysed by Gas Chromatography/Mass Spectrometry (GC/MS).  The unique mixture of compounds is like a fingerprint that provides a highly-confident, forensic, identification of the mineralization at depth.  SGH is blind to the inorganic content of samples and thus does not reflect mobilized anomalies or any nugget effects.  It is a cost-effective technique which can be used in tandem with geophysics to improve drill targeting success rate."


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-explores-the-new-lp-fault-gold-bearing-structure-with-three-drill-rigs-and-2-100-sample-geochemical-survey-300894856.html


SOURCE Great Bear Resources Ltd.

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8020 Admin

22 days ago

8020 Admin posted a press release Great Bear Drills Structural High-Grade Gold Control in Dixie Limb: 4.60 m of 14.32 g/t Gold Within 12.10 m of 5.87 g/t Gold in GREAT BEAR RESOURCES

VANCOUVER, July 24, 2019 /PRNewswire/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported ongoing drill confirmation of recently predicted high-grade structural gold controls in the Dixie Limb Zone at its 100% owned Dixie Project in the Red Lake District of Ontario.  The most recent drill highlights are provided in Table 1.


Highlights of the most recent results include:



  • Thickened zone widths near a predicted intersection of the Hinge Zone vein swarm with the Dixie Limb, including 12.10 metres of 5.87 g/t gold, which includes a high-grade core of 4.60 metres of 14.32 g/t gold.

  • Higher gold grades at these predicted intersections of up to 1.00 metre of 54.51 g/t gold and 0.60 metres of 73.33 g/t gold.


Table 1: Recent drill results from the Dixie Limb Zone targeting new structural controls.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=7005014005549464 

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8020 Admin

1 month ago

8020 Admin posted a press release Great Bear Discovers New High-Grade "Yuma" Zone at 1.4 km Step-Out Along LP Fault from the Bear-Rimini Zone in Unassayed Historical Drill Core: Follow-Up Drill Results Pending in GREAT BEAR RESOURCES





TSX-V:  GBR                                                                             

VANCOUVER, July 16, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported the discovery of the new high-grade "Yuma" gold zone at its 100% owned Dixie Project in the Red Lake District of Ontario.


Like the recently discovered Bear-Rimini Zone (see news release of May 28, 2019), the Yuma Zone is also hosted by the "LP Fault", which is an 18 kilometre long gold-bearing deep-seated crustal structure at the Dixie project.  Both new high-grade gold zones within the LP Fault are shown in Figure 1.


Highlights of the new Yuma gold discovery include:



  • Historic drill hole DC-12-07 (drilled in 2007 by past operators) is a 1.4 kilometre step-out to the southeast along the LP Fault from Great Bear's Bear-Rimini discovery hole DNW-011, and was the only other hole to be drilled to-date into the footwall of the LP Fault.


  • The final metres of DC-12-07 intersected silicified volcanic rocks visibly similar to those which yielded high-grade gold at the Bear-Rimini discovery. Lower-grade gold mineralization was also intersected higher up the hole within the LP Fault, as was also the case in the Bear-Rimini Zone.


  • Great Bear's geologists noted sparse fine visible gold within strongly silicified felsic volcanic rocks towards the end of DC-12-07, where the Company projected the Bear-Rimini Zone's on-strike gold mineralization could occur. Past operators had recorded this interval as un-mineralized and it had not been sampled.


  • Great Bear sampled the previously uncut core, which assayed 5.5 metres of 4.07 g/t gold beginning at 193.50 metres down-hole, including 2.0 metres of 10.57 g/t gold and including 0.5 metres of 36.90 g/t gold. The historical hole had been terminated prematurely.


  • Two historical drill holes were subsequently re-entered and extended by Great Bear, as shown on Figure 2. Both holes intersected similar silicified geology to drill hole DC-12-07 and assays are pending.


 


Chris Taylor, President and CEO of Great Bear said, "This is the cheapest discovery hole we've ever had, since the high-grade visible gold interval was sitting unreported for 12 years in drill core stored on the property.  The new Yuma zone matched our projections of where a Bear-Rimini type gold zone could exist along strike and flanking the LP Fault.  We now know that high-grade gold is present in both locations where the footwall of the fault has been drilled across 1.4 kilometres of strike length, however the majority of the fault's 18 kilometres of projected strike length remain untested.  We plan to complete further step-outs along the LP Fault and the parallel North Fault to see just how extensive this system is, and how it varies in gold distribution."


The company has fast-tracked re-logging and sampling of all available historical drill core from areas north of the LP Fault zone.  Results will be released as received and analyzed.  Follow-up drilling is already underway.



Figure 1: Map zoomed into approximately 5 kilometres strike length of the LP Fault at Dixie, showing the Bear-Rimini and Yuma Zones.  The location of the nearby Dixie Limb and Hinge Zones are also shown. (CNW Group/Great Bear Resources Ltd.)




Figure 2:  Cross section B - B’ (section location shown on Figure 1) of the Yuma Zone, showing assay intervals and the location of Great Bear’s drill hole extensions. (CNW Group/Great Bear Resources Ltd.)



Drill Hole DC-12-07 (Yuma Zone) Description


Reglogging of hole DC-12-07 identified quartz-sericite-pyrite altered intermediate to felsic volcanic rocks.  Historical sampling had outlined two low grade zones of gold mineralization (0.28 g/t gold over 34.5 metres and 0.33 g/t gold over 5.0 metres, shown visually on Figure 2) higher up the drill hole and associated with the LP Fault; the drill hole's deepest reported assay interval was 1.03 g/t gold over 0.5 metres at 218.25 metres depth.  A zone of strong silicification with visible gold was noted near the bottom of the hole from 193.50 metres to 199.00 metres in unsampled drill core, shown in Figure 3.  For comparison, the lower image in Figure 3 shows drill core from Great Bear's Bear-Rimini discovery hole DNW-011, located 1.4 kilometres away.  Zones in both holes are hosted within similar felsic volcanic host rocks, both have widespread quartz-sericite-pyrite alteration and the high-grade gold in both holes is hosted by strong silicification.



Figure 3: Images comparing geology, alteration and visible gold mineralization at the new, historically unassayed Yuma Zone (above) and the Bear-Rimini Zone drilled by Great Bear (below).  Both zones occur 1.4 kilometres apart along the LP Fault in similar host rocks. (CNW Group/Great Bear Resources Ltd.)



Extension of Historical Holes


DC-12-07 has now been re-entered and extended by Great Bear from its original 218.25 metre length to 336 metres.  Oriented foliation and quartz vein data suggest that the zone may be dipping steeply to the north.  To test this interpretation, historical hole DL-03-10, which was completed by past operators below DC-12-07 at a steeper angle, was also extended from 207 metres to 376.5 metres (as shown in Figure 2).  The extension was designed to target the down-dip projection of the observed mineralization in DC-12-07.  Both extended drill holes intersected strongly quartz-sericite-pyrite altered felsic volcanic rocks with zones of variable silicification, from which assays are pending.  An image of the original on-site core storage is provided in Figure 4.


The Company continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, Yuma Zone, LP Fault, North Fault, and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June of 2019.  Approximately 55,000 metres of drilling remain in the current program.


With its recently-completed financing, the Company currently has approximately $20,000,000 in cash and no immediate financing requirements.



Figure 4: Cross-stacked historical drill core at the Dixie project.  The new Yuma Zone discovery was made when Great Bear sampled previously unrecorded visible gold mineralization in historical drill hole DC-12-07, assaying 2.0 metres of 10.57 g/t gold in the footwall of the LP Fault, 1.4 kilometres southeast of the Bear-Rimini Zone. (CNW Group/Great Bear Resources Ltd.)



About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario. The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Burnaby, British Columbia, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-discovers-new-high-grade-yuma-zone-at-1-4-km-step-out-along-lp-fault-from-the-bear-rimini-zone-in-unassayed-historical-drill-core-follow-up-drill-results-pending-300885342.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/16/c9549.html

please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360

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8020 Admin

1 month ago

8020 Admin posted a press release Great Bear Drills Major Hinge Zone Expansion to 440 m Down-Plunge: 3.90 m of 18.09 g/t Gold, Including 1.00 m of 69.97 g/t Gold in GREAT BEAR RESOURCES

TSX-V:  GBR

VANCOUVER, July 10, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported a significant expansion of the Hinge Zone high-grade gold discovery at its 100% owned Dixie Project in the Red Lake District of Ontario. 


Chris Taylor, President and CEO of Great Bear said, "Our strong results drove us to fast track our exploration process with aggressive new step-down drilling. We have now hit more high-grade gold mineralization 440 metres down-plunge from surface and 150 metres down-plunge from the nearest previously reported high-grade intercept.  Results suggest the Hinge Zone projects from near-surface with significant depth potential, and contains a high degree of continuity of gold mineralization within its extensive vein network.  During 2019, we plan to test its continuity down to increasing depths, and will also drill deeper and along strike into what we interpret as at least 6 additional gold zones with similar plunges along the 500 metre strike length of the Hinge Zone vein swarm we have drilled so far."


New 3D sections of the Hinge Zone and Dixie Limb, showing multiple steeply-plunging gold zones, are provided in Figure 1, Figure 2 and Figure 3.  The most recent assay results are provided in Table 1.


Highlights of the most recent Hinge Zone drill results include:



  • All 11 drill holes (100%) intersected from 1 to 5 gold-bearing quartz veins

  • Drill hole DHZ-042 intersected 3.00 metres of 23.21 g/t gold including 1.00 metre of 50.66 g/t gold at 229 metres vertical depth

  • Drill hole DL-048 intersected 3.90 metres of 18.09 g/t gold including 1.00 metre of 69.97 g/t gold at 342 metres vertical depth, 150 metres down-plunge of previous high-grade intercepts


 


July 2019 marks the one year anniversary of Great Bear's Hinge Zone drill program.  A summary of some key points of the Hinge Zone discovery as drilled to-date include:



  • The Hinge Zone gold-bearing quartz vein swarm has been drilled for over 500 metres of east-west strike length and remains open to extension.

  • The D2 Axial plane which is interpreted to be an important control to the vein swarm has a possible east-west strike extent of up to 5 kilometres within the Dixie greenstone belt, before intersecting a granitic batholith to the west.

  • Drilling has thus far observed that the vein swarm contains at least 6 steeply-plunging high-grade sub-zones, and the Company is drilling east-west and north-south drill fences in an effort to discover the total number of sub-zones that are present, and delineate their geometries along strike and at depth.

  • The Hinge Zone vein swarm has an approximate north-south extent, or total known zone width based on drilling, of 300 m, flanking an ultramafic-hosting fault.  Proximity to the fault is interpreted to be a key gold mineralization control at both the Hinge and Dixie Limb Zones.

  • The generally predictable plunges of Hinge Zone gold zones observed to-date (approx. 70 degrees to the west) have greatly increased the speed and efficiency of drill progress.


Figure 1: 3D section of the Hinge Zone showing drill results to-date. (CNW Group/Great Bear Resources Ltd.)


With its recently-completed financing, Great Bear currently has approximately $20,000,000 in cash and low operating all-in drill costs of approximately $175/metre.  The Company continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, LP Fault, North Fault, and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June 2019.  Approximately 60,000 metres of drilling remain in the current program.


Table 1: Highlighted results from most recent Hinge Zone drilling.


Read more here:  https://www.quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=5865578099665300 

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8020 Admin

1 month ago

8020 Admin posted a press release Great Bear Closes C$10.9 Million Over-Subscribed Bought Deal Private Placement in GREAT BEAR RESOURCES





/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V:  GBR                                                                             

VANCOUVER, July 3, 2019 /CNW/ - Great Bear Resources Ltd. (TSX-V: GBR) ("Great Bear" or the "Company") is pleased to announce that it has closed an over-subscribed "bought deal" private placement financing (the "Offering"), previously announced on June 12, 2019, and upsized on June 13, 2019, through a syndicate of underwriters led by Cormark Securities Inc. ("Cormark") and including Canaccord Genuity Corp. (collectively, the "Underwriters").



Both the upsized offering of 1,500,000 shares, and 500,000 "additional shares" that were available for distribution, have been fully subscribed. The Company will now issue 2,000,000 common shares that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) ("Flow-Through Common Shares") at a price of $5.45 per Flow-Through Common Share, for aggregate gross proceeds to the Company of approximately C$10,900,000.



The proceeds of the Offering will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in the Red Lake district of Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.


The Flow-Through Shares are subject to a four-month and one day hold period expiring on November 4, 2019, in accordance with applicable Canadian securities laws.


In connection with the Offering, the Company has paid the syndicate led by Cormark a cash commission of 6% of the gross proceeds of the Offering and reimbursed it for certain reasonable expenses and fees. 


Chris Taylor, President and CEO of Great Bear said, "Interest in this placement was overwhelming, and we've successfully raised double the funding we were initially looking for.  We'd like to sincerely thank our new and existing shareholders for their continued interest in our company's success and growth, and we look forward to delivering a wealth of new exploration results from our flagship Dixie project throughout 2019 and 2020."


Great Bear is currently engaged in a 90,000-metre drill hole program at its flagship Dixie property, which is expected to continue through 2019 and 2020.


The Offering is subject to final acceptance by the TSX Venture Exchange.


About Great Bear
Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15-minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


This new release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. We do not assume any obligation to update any forward-looking statements, other than as required by securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/03/c2202.html

Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

2 months ago

8020 Admin posted a press release Great Bear Announces Upsized Bought Deal Private Placement of Flow-Through Common Shares to C$8.2 Million in GREAT BEAR RESOURCES


/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V:  GBR                                                                             


VANCOUVER, June 13, 2019 /CNW/ - Great Bear Resources Ltd. (TSXV:GBR) ("Great Bear" or the "Company") is pleased to announce that in connection with its previously announced bought deal financing, the Company and a syndicate of underwriters led by Cormark Securities Inc. ("Cormark") and including Canaccord Genuity Corp. (collectively, the "Underwriters") have agreed to increase the size of the previously announced financing. The Company will now issue 1,500,000 common shares that qualify as "flow-through shares" of the Company for the purposes of the Income Tax Act (Canada) ("Flow-Through Common Shares") at a price of $5.45 per Flow-Through Common Share, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately C$8.2 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 500,000 Flow-Through Common Shares at the offering price up to the closing date.


The proceeds from the Offering will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.


The Offering is scheduled to close on or about July 3, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.


Chris Taylor, President and CEO of Great Bear said, "Interest in this placement from top tier investors whom we are pleased to include as shareholders has exceeded our capacity to accommodate within the terms announced on Wednesday.  We are therefore pleased to announce expansion of the placement, and know that we will benefit from the added flexibility this additional funding will provide at the exploration level at Dixie."


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Great Bear
Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce. Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


ON BEHALF OF THE BOARD


"Chris Taylor"                                


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Forward-Looking Information


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Great Bear Resources Ltd.


View original content: http://www.newswire.ca/en/releases/archive/June2019/13/c4349.html



Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

2 months ago

8020 Admin posted a press release Great Bear Announces C$5.5 Million Bought Deal Private Placement of Flow-Through Common Shares and Expansion of Drill Program to 90,000 m in GREAT BEAR RESOURCES


/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V:  GBR

VANCOUVER, June 12, 2019 /CNW/ - Great Bear Resources Ltd. (TSXV:GBR) ("Great Bear" or the "Company") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. ("Cormark") to act as lead underwriter of a syndicate of underwriters that includes Canaccord Genuity Corp. (collectively, the "Underwriters"), pursuant to which the Underwriters shall purchase 1,000,000 common shares that qualify as "flow-through shares" of the Company for the purposes of the Income Tax Act (Canada) ("Flow-Through Common Shares") at a price of $5.45 per Flow-Through Common Share, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately C$5.45 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 150,000 Flow-Through Common Shares at the offering price up to the Closing Date.


The proceeds from the Offering will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.


The Offering is scheduled to close on or about July 3, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.


Chris Taylor, President and CEO of Great Bear said, "By raising an additional $5.5 million, we will have over $15 million in cash on hand and will have funded the expansion of our ongoing drill program by an additional 30,000 metres, for a new total of 90,000 metres of drilling.  Coupled with the potential for an additional $7.8 million from warrant exercise, Great Bear will remain very well funded with the flexibility to significantly expand and extend our drilling as required. We are strongly positioned to benefit from one of our industry's most significant exploration drill campaigns through 2019 and 2020."


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Forward-Looking Information


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Great Bear Resources Ltd.


View original content: http://www.newswire.ca/en/releases/archive/June2019/12/c0534.html

Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

2 months ago

8020 Admin posted a press release Great Bear Mobilizes Third Drill Rig to Bear-Rimini Discovery at Dixie in GREAT BEAR RESOURCES





TSX-V:  GBR     

VANCOUVER, June 11, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported mobilization of a third drill rig to its 100% owned Dixie Project in the Red Lake District of Ontario, as part of its ongoing fully-funded 60,000 metre drill program.


The third drill will target the new Bear-Rimini Zone and the "LP Fault", which is the 18 kilometre long structural target that is adjacent to, and partially hosts, the discovery as shown on Figure 1.  Drilling is expected to begin at the Bear-Rimini Zone using the third drill rig within a few days.


The Bear-Rimini discovery consists of multiple zones of shallow high-grade gold mineralization in drill hole DNW-011.  Highlight intervals include 14.00 metres of 12.33 g/t gold including 4.60 metres of 30.90 g/t gold, and 2.00 metres of 194.21 g/t gold including 0.50 metres of 759.38 g/t gold (see Great Bear news release of May 28, 2019).  The high-grade gold intervals were intersected at less that 100 metres vertical depth in the footwall of the LP Fault.  Mineralization within the fault zone itself returned a separate interval of 50.60 metres of 0.74 g/t gold.  15 additional historical drill holes have also cut the LP Fault along 2.5 kilometres of strike length and intercepted similar lower-grade mineralization to that observed within the fault in DNW-011.


Chris Taylor, President and CEO of Great Bear said, "Approximately 30,000 metres of our fully-funded 60,000 metre drill program remain to be drilled this year.  Two drill rigs are currently on site at Dixie and will continue to drill the Hinge and Dixie Limb Zones.  The third drill rig is expected to be dedicated to ongoing drilling of the Bear-Rimini Zone and LP Fault.  The Company will continue to systematically and rapidly explore the high-grade gold zones discovered to date, plus several additional high priority targets that have also been identified across the property."


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.



Figure 1: Map of the Dixie project showing the location of known gold zones (DHZ, DL, DNW and DNE) and current drill results.  The location of the LP Fault drilled in DNW-011 is shown in red dashes.  The Bear-Rimini Zone is labelled “BR”. (CNW Group/Great Bear Resources Ltd.)



Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-mobilizes-third-drill-rig-to-bear-rimini-discovery-at-dixie-300865161.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/11/c2260.html



please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360. Inquiries: Tel: 604-646-8354, Fax: 604-646-4526, info@greatbearresources.ca , www.greatbearresources.ca 

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8020 Admin

3 months ago

8020 Admin posted a press release Great Bear to Host a Webinar on Wednesday May 29th @ 8:00am PDT/11:00pm EDT to Provide Update on Dixie Drill Program in GREAT BEAR RESOURCES


VANCOUVER, May 21, 2019 /CNW/ - Great Bear Resources (the "Company" or "Great Bear", TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, President and CEO and Mr. R. Bob Singh, Vice President, Exploration for a webinar detailing recent progress in the Company's ongoing fully-funded 60,000 metre drill program at it's 100% owned Dixie property in the Red Lake district of Ontario.



The webinar will take place on Wednesday, May 29th at 8:00am PST/11:00pm EST. Management will be available to answer questions following the presentation. Online registration and participation details may be found at the following link:



https://attendee.gotowebinar.com/register/2772753219913889281?source=GBR


For those unable to participate, a recording of the webinar will be posted to the Company's web site following the live broadcast.


About Great Bear


The Dixie property is located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario.  The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized system similar to that hosting other producing gold mines in the district.  Gold is frequently associated with high-grade veins that occur along major structural trends, including the axes of regional-scale folds, and in association with a deep-seated crustal structure that runs along the property for approximately 20 kilometres of strike length.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-to-host-a-webinar-on-wednesday-may-29th--800am-pdt1100pm-edt-to-provide-update-on-dixie-drill-program-300853735.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/21/c7150.html

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360; Inquiries: Tel: 604-646-8354, Fax: 604-646-4526, info@greatbearresources.ca, www.greatbearresources.caCopyright CNW Group 2019

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8020 Admin

3 months ago

8020 Admin posted a press release Great Bear Drills Deeper in the Hinge Zone - 28.37 g/t Gold Over 3.70 m Including 200 g/t Gold Over 0.5 m; New Gold Zones Drilled Across Property in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today reported drill results from the Dixie Hinge Zone ("DHZ") and other new gold zones at its 100% owned Dixie Project in the Red Lake District of Ontario.


The Company recently completed 30 metre and 100 metre step-down drill holes along the projected plunge and dip of two high-grade gold trends within the DHZ. Both hit identical styles of high-grade gold mineralization as above. The Hinge Zone appears to have significant high-grade depth potential.


Hinge Zone drill results are provided in Table 1. An updated DHZ long section is shown on Figure 1. An updated cross section is provided in Figure 2. Highlights of current DHZ drilling include:



  • Drill hole DHZ-039 intersected 3.70 metres of 28.37 g/t gold, including a very high grade interval of 0.5 metres of 200.25 g/t gold (1.64 feet of 6.44 oz/t). This is the deepest high grade intercept in the DHZ to date.


  • DHZ-039 is a 28 metre step-down along the down-plunge projection of the gold intercept in drill hole DHZ-029, which had returned 1.30 metres of 21.02 g/t gold as disclosed on March 21, 2019.


  • Drill hole DHZ-033 intercepted multiple high-grade gold-bearing veins. Vein 1: 13.58 g/t gold over 3.10 metres, including 0.80 metres of 29.30 g/t gold. Vein 2: 4.10 metres of 8.22 g/t gold, including 0.55 metres of 46.57 g/t gold. Vein 3: 5.80 metres of 2.46 g/t gold, including 1.70 metres of 7.49 g/t gold.


  • Drill hole DL-043 was drilled across the adjacent Dixie Limb Zone and into the Hinge Zone approximately 100 metres down-dip of previous DHZ drilling.


  • DL-043 returned 1.50 metres of 11.65 g/t gold, including 0.50 metres of 34.07 g/t gold.


  • 32 of 51 drill holes (63%) completed by Great Bear within the DHZ to date have intersected intervals containing greater than 15 g/t gold.


Chris Taylor, President and CEO of Great Bear said, "With 28 metre and 100 metre step-downs continuing to hit high grade gold mineralization, the DHZ discovery yields something exceedingly rare in our industry: the more Great Bear drills it, the more compelling the target becomes."


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACC&qmodStoryID=5291834173359022 

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8020 Admin

4 months ago

8020 Admin posted a press release New Gold Control at Dixie Limb Zone Yields High Grades Including 17.55 g/t Gold Over 2.55 m within 9.15 g/t Gold Over 5.30 m - West Madsen Property Optioned to GoldON Resources in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - April 30, 2019) - Great Bear Resources Ltd. (TSXV: GBR) (the "Company" or "Great Bear") today reported the discovery of a new gold control within its Dixie Limb Zone ("DL") target which is associated with thickened and higher-grade gold mineralization. The new discovery enhances the DL as a significant potential host of high-grade gold. The DL is the original gold discovery at the Dixie project, made by Teck Resources. It is located approximately 200 metres to the north of, and is sub-parallel to, Great Bear's 2018 high-grade gold discovery at the Hinge Zone ("DHZ").


Nine additional drill holes have also been completed into the Hinge Zone for which assays are pending; these results will be released when available. Continued drilling of the DHZ remains a top priority through 2019 and 2020, as part of the Company's fully-funded 60,000 metre drill program.


The Company also reports it has entered into a binding Letter of Intent ("LOI") with GoldON Resources Ltd. (TSX-V: GLD, "GoldON") wherein GoldON has the option to earn an initial 60% interest, and a subsequent 100% interest in Great Bear's West Madsen property.


New High-Grade Drill Strategy in the Dixie Limb


The Dixie Limb zone is a major gold target at the Dixie project, second only to the Hinge Zone in exploration importance. This is due to its potential size, strong continuity of grade, and the presence of gold extending to within a few metres of surface. Great Bear's recent drilling successfully tested newly interpreted high-grade gold controls in the zone. Results include:



  • New drilling has intersected a "Hinge Zone style" east-west trending high grade gold vein which intersects the DL and is associated with increased grades and widths of mineralization at the intersection, as shown in Figure 1.


  • The newly discovered gold control allows Great Bear to prioritize drill targeting of high-grade zones within the broader mineralized system in the DL.


  • New drill results include 17.55 g/t gold over 2.55 metres within a broader interval of 9.15 g/t gold over 5.30 metres, and 24.21 g/t gold over 1.30 metres within a broader interval of 5.05 g/t gold over 15.85 metres.


  • The DL has been drill defined along a 600-metre strike length where all (100%) of more than 100 drill holes have encountered gold mineralization at a geological contact between various basalt and metasediments units. 


  • The DL has considerable depth potential based on geological and structural modeling. The deepest drill hole intersects the zone at approximately 450 metres vertical depth, and the zone remains open to extension in all directions. 


  • The newly defined intersection provides a predictable plunge of high-grade gold mineralization which Great Bear successfully targeted during recent drilling. Great Bear has also used a similar predictive plunge technique to define high-grade gold mineralization in the Hinge Zone.


Current DL drill results are shown in Table 1. All drill results which intersect the DL within 50 metres along strike to either side of the predicted intersection are shown in Table 2.


 


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=8729097967402204 

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8020 Admin

4 months ago

8020 Admin posted a press release Great Bear Exploration Team Recognized with "Bernie Schnieders Discovery of the Year Award" Presented by NWOPA in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") is pleased to announce that the Company's exploration team have been awarded the 2018 "Bernie Schnieders Discovery of the Year Award" for the discovery of high-grade gold zones at its 100% owned Dixie Property in Red Lake, Ontario, Canada.


The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an exceptional discovery in Northwestern Ontario during the previous calendar year. It was presented on April 2 to Great Bear Resources at the annual awards banquet hosted during the 2019 Ontario Prospectors Exploration Showcase in Thunder Bay, Ontario (http://www.nwopa.net/2019-exploration-showcase.html).


Chris Taylor, President and CEO of Great Bear, said, "We would like to sincerely thank the NWOPA for receiving this honour, and look forward to expanding on our exciting discoveries at the Dixie property through 2019 and 2020. We have been fortunate to receive strong industry support for our exploration work over recent years, including an exploration grant during 2017/2018 in the amount of $100,000, as part of the Ontario Prospector Association's Junior Exploration Assistance Program ("JEAP"), which partially funded our discovery drill program."


About Great Bear


The Dixie property is located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in its West Madsen properties which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.'s Madsen property. All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


ON BEHALF OF THE BOARD


"Chris Taylor"


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43953

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8020 Admin

5 months ago

8020 Admin posted a press release Great Bear Doubles Fully Funded Drill Program From 30,000 m to 60,000 m - Will Add Third Drill Rig in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2019) - Great Bear Resources Ltd. (TSXV: GBR) (the "Company" or "Great Bear"), today reported that the Company's board of directors has approved doubling of the current 30,000 metre drill program to 60,000 metres. The Company remains fully funded for this expanded drilling.


Approximately 12,000 metres of the original 30,000 metre drill program remain to be drilled (see Great Bear news release of September 20, 2018), with expected completion of the original program by July 2019. The extended program will continue through 2019.


The Company also announces that it plans to add a third drill rig during the extended program. The two drill rigs currently on site will concentrate on defining and expanding the Hinge (DHZ) and Dixie Limb (DL) zones along strike and at depth. The third rig will explore regional targets and also assist with the DHZ and DL drilling as required. Timing of deployment of the third drill rig is subject to completion of regional target definition.


The fully funded expansion of the drill program by an additional 30,000 metres has an all-inclusive budget of approximately $5,600,000. The program will continue year-round. The Company currently has a cash treasury of approximately $12,000,000, and approximately $7,800,000 of in-the-money warrants priced from $0.20 to $1.75 expiring during 2019 and 2020, for approximately $20,000,000 on a partially diluted cash basis.


Chris Taylor, President and CEO of Great Bear said, "Great Bear is in a very strong position, with funding in hand to aggressively expand our drill program, and results to-date certainly warrant this expansion. One of the two drill rigs currently on site has been drilling regional step-outs and has successfully discovered new mineralized zones and potential extensions to the Hinge zone. However, beginning in April both drill rigs will focus on drilling along strike and at depth of the DHZ and DL. Bringing in a third rig that can accomplish both regional exploration and additional DHZ/DL drilling will allow us to retain a high rate of core production as we begin to follow the DHZ and DL gold zones to the greater depths typical of other major Red Lake district gold discoveries."


The Company has posted a video showing expansion of Hinge Zone drilling over the past eight months since its discovery to its web site at www.greatbearresources.ca.


At the Dixie project, the Company has identified a 20+ kilometre long gold-bearing deep crustal structure and a number of significant secondary structural features including faults and D2 fold axes that collectively define more than 30 kilometres of prospective gold-bearing trends. In order to efficiently test these multiple large targets, geochemical techniques will be applied to prioritize exploratory drilling for the third drill rig. Regional drill targets outside of the DHZ and DL will be defined through ongoing interpretive modeling work and soil hydrocarbon (geochemical) surveying as soon as spring thaw is complete in April - May 2019.


About Great Bear


The Dixie property is located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


ON BEHALF OF THE BOARD


"Chris Taylor"


Chris Taylor, President and CEO


Inquiries:


Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43795

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8020 Admin

5 months ago

8020 Admin posted a press release Great Bear Drills Multiple High-Grade Gold Veins in Hinge Zone Including 30.15 g/t Gold Over 7.25 m in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - March 21, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today reported drill results from the Dixie Hinge Zone ("DHZ") and Dixie Limb Zone ("DL") at its 100% owned Dixie Project in the Red Lake District of Ontario.


Drilling continues to test along strike and at depth of the DHZ. Some of the DHZ drill holes also cross the adjacent DL at shallow depths and hence Great Bear is able to test both zones with the same drill holes. Hinge Zone drill results are provided in Table 1. Highlights of current drilling include:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACC&qmodStoryID=4713581701484148 

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8020 Admin

6 months ago

8020 Admin posted a press release Great Bear Drills Hinge Zone Extensions - Results Include New 42 m Wide Zone with Multiple Gold-Bearing Intercepts Including 31.60 g/t Gold Over 3.40 m at 157 m Depth in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - February 21, 2019) -  Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today reported drill results from the Dixie Hinge Zone ("DHZ") at its 100% owned Dixie Project in the Red Lake District of Ontario.


Read More here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACC&qmodStoryID=7551589497280543 

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GREAT BEAR RESOURCES

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Great Bear Resources Ltd is a precious metals exploration company. It explores for mineral properties in British Columbia and Quebec, Canada. Its property portfolio includes Great Bear's Red Lake Properties (two claim blocks) and Dixie Lake Project.

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GREAT BEAR RESOURCES

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Great Bear Resources Ltd is a precious metals exploration company. It explores for mineral properties in British Colu......

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8020 Admin

5 minutes ago

8020 Admin posted a press release Great Bear to Host a Webinar on Wednesday September 4th @ 8:00am PDT/11:00am EDT to Provide Update on Dixie Drill Program in GREAT BEAR RESOURCES





TSX-V: GBR

VANCOUVER, Aug. 15, 2019 /CNW/ - Great Bear Resources (the "Company" or "Great Bear", TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, President and CEO and Mr. R. Bob Singh, Vice President, Exploration for a webinar detailing recent progress in the Company's ongoing fully-funded 90,000 metre drill program at it's 100% owned Dixie property in the Red Lake district of Ontario.



The webinar will take place on Wednesday, September 4th at 8:00am PST/11:00am EST. Management will be available to answer questions following the presentation.  Online registration and participation details may be found at the following link:



https://attendee.gotowebinar.com/register/7498183718142686465?source=GBR1


For those unable to participate, a recording of the webinar will be posted to the Company's web site following the live broadcast.


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"         


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-to-host-a-webinar-on-wednesday-september-4th--800am-pdt1100am-edt-to-provide-update-on-dixie-drill-program-300902234.html


SOURCE Great Bear Resources Ltd


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/15/c8061.html



please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

14 days ago

8020 Admin posted a press release Great Bear Explores the New "LP Fault" Gold-Bearing Structure with Three Drill Rigs and 2,100 Sample Geochemical Survey in GREAT BEAR RESOURCES

TSX-V:  GBR

VANCOUVER, Aug. 1, 2019 /PRNewswire/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today provided an update on ongoing exploration at its 100% owned Dixie property in the Red Lake district of Ontario.


The Dixie property contains four high-grade gold zones which extend to the near-surface, including two recently announced discoveries, the Bear-Rimini and Yuma Zones.  The two new zones are hosted within, and adjacent to, a major crustal-scale deformation zone (see news releases of May 28 and July 16, 2019) called the "LP Fault".  This structure is a major interpreted gold mineralization control that traverses the Dixie claims along approximately 18 kilometres of strike length.


Highlights of current exploration activities include:



  • All three drill rigs have now been deployed along the LP Fault.

  • The Company tested a new geochemical survey technique - Spaciotemporal Geochemical Hydrocarbon ("SGH") - that successfully located bedrock gold mineralization below glacial till cover in the Hinge and Dixie Limb areas.

  • An extensive SGH survey consisting of 2,100 samples was subsequently completed over 4 kilometres of strike length of the LP Fault, as the area is also covered by thin till cover.  Results are expected in 4 – 6 weeks.

  • Drill results are pending from the Bear-Rimini, Yuma, Hinge, Dixie Limb and DNE target areas.


 


Chris Taylor, President and CEO of Great Bear said, "While the Hinge and Dixie Limb Zones continue to generate excellent high-grade gold results and will remain priority drill targets, early drilling of the LP Fault has also been very encouraging, and we plan to move all three of our drills to various targets along the structure as we await backlogged assays from the Hinge and Limb.  The area of the LP Fault and North Fault that is prospective for gold mineralization covers a district-scale target of approximately 50 square kilometres that is simply too large to explore through drilling alone.  The area's bedrock is also 99% covered by a thin, 2 to 10 metre deep glacial till blanket, and hence cannot be directly mapped.   Great Bear has now successfully tested a new geochemical method that is potentially capable of locating bedrock gold drill targets beneath the till cover, and could accelerate our exploration of this exciting new discovery."


New Geochemical Survey Technique - SGH


In May 2019, Great Bear completed a 145 sample test/orientation SGH survey across its Hinge and Dixie Limb Zones.  SGH survey details are provided at the end of this release. 


Independent analysis of the SGH survey results provided by Activation Laboratories Ltd. successfully identified both areas of underlying bedrock gold mineralization at the Hinge and Dixie Limb, as shown on Figure 1.  A cross section through both zones showing redox boundaries and associated gold mineralization as predicted by the SGH survey and interpreted by Great Bear is provided in Figure 2.


The Company subsequently collected over 2,100 SGH samples during June and July along 4 kilometres strike length, and 1 kilometre width of the LP Fault and North Fault.  A map of the geochemical survey is provided in Figure 3.  Results of the survey will be used to inform ongoing drilling, and will provide a cost-effective supplement to the concurrent drill program and existing high-resolution geophysical database.


Should the SGH method successfully predict bedrock gold mineralization along the LP and North Faults as it did at the Hinge and Dixie Limb, the survey will be expanded along more of the 18 kilometre strike length of the new targets.



Figure 1: Successful SGH orientation soil/till survey results showing predicted bedrock gold targets below the Hinge and Dixie Limb Zones. (CNW Group/Great Bear Resources Ltd.)



Drill Program Update


The Company continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, Yuma Zone, LP Fault, North Fault, DNE Zone and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June of 2019.  Approximately 50,000 metres of drilling remain in the current program.


Great Bear has been aggressively drilling the LP Fault, including its associated Bear-Rimini, Yuma and DNE Zones, in tandem with ongoing drilling of the Hinge and Dixie Limb Zones since the Company's discovery of high-grade gold at the Bear-Rimini Discovery area in May of 2019.


The Company is also continuing its program of re-logging, surveying and sampling of historical drill core, collecting lithogeochmical samples and completing petrographic analysis.


Results will continue to be provided as received and analysed.



Figure 2: Cross section through the Dixie Limb (left) and Hinge Zone (right) showing interpreted redox zones predicted through the SGH survey.  View to east. (CNW Group/Great Bear Resources Ltd.)




Figure 3: The recently completed 2,100 sample SGH grid along 4 kilometres of LP Fault and North Fault.  The locations of various gold mineralized zones drilled to-date are shown in red. (CNW Group/Great Bear Resources Ltd.)



About the SGH Survey


The following description of the SGH survey methodology was provided to Great Bear: "Actlabs' Spatiotemporal Geochemical Hydrocarbon (SGH) analysis is designed to target mineralization under cover.  SGH research since 1996 has shown that surficial material adsorbs hydrocarbon compounds released from the decomposition of bacteria and microbes that have fed on a mineral target at depth.  Near surface samples (soil, sediment, peat, till, sand, etc.) are collected, the weakly-bound, heavy hydrocarbons in the C5-C17 carbon series range are desorbed at the laboratory, and over 160 of these compounds are analysed by Gas Chromatography/Mass Spectrometry (GC/MS).  The unique mixture of compounds is like a fingerprint that provides a highly-confident, forensic, identification of the mineralization at depth.  SGH is blind to the inorganic content of samples and thus does not reflect mobilized anomalies or any nugget effects.  It is a cost-effective technique which can be used in tandem with geophysics to improve drill targeting success rate."


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-explores-the-new-lp-fault-gold-bearing-structure-with-three-drill-rigs-and-2-100-sample-geochemical-survey-300894856.html


SOURCE Great Bear Resources Ltd.

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8020 Admin

22 days ago

8020 Admin posted a press release Great Bear Drills Structural High-Grade Gold Control in Dixie Limb: 4.60 m of 14.32 g/t Gold Within 12.10 m of 5.87 g/t Gold in GREAT BEAR RESOURCES

VANCOUVER, July 24, 2019 /PRNewswire/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported ongoing drill confirmation of recently predicted high-grade structural gold controls in the Dixie Limb Zone at its 100% owned Dixie Project in the Red Lake District of Ontario.  The most recent drill highlights are provided in Table 1.


Highlights of the most recent results include:



  • Thickened zone widths near a predicted intersection of the Hinge Zone vein swarm with the Dixie Limb, including 12.10 metres of 5.87 g/t gold, which includes a high-grade core of 4.60 metres of 14.32 g/t gold.

  • Higher gold grades at these predicted intersections of up to 1.00 metre of 54.51 g/t gold and 0.60 metres of 73.33 g/t gold.


Table 1: Recent drill results from the Dixie Limb Zone targeting new structural controls.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=7005014005549464 

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8020 Admin

1 month ago

8020 Admin posted a press release Great Bear Discovers New High-Grade "Yuma" Zone at 1.4 km Step-Out Along LP Fault from the Bear-Rimini Zone in Unassayed Historical Drill Core: Follow-Up Drill Results Pending in GREAT BEAR RESOURCES





TSX-V:  GBR                                                                             

VANCOUVER, July 16, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported the discovery of the new high-grade "Yuma" gold zone at its 100% owned Dixie Project in the Red Lake District of Ontario.


Like the recently discovered Bear-Rimini Zone (see news release of May 28, 2019), the Yuma Zone is also hosted by the "LP Fault", which is an 18 kilometre long gold-bearing deep-seated crustal structure at the Dixie project.  Both new high-grade gold zones within the LP Fault are shown in Figure 1.


Highlights of the new Yuma gold discovery include:



  • Historic drill hole DC-12-07 (drilled in 2007 by past operators) is a 1.4 kilometre step-out to the southeast along the LP Fault from Great Bear's Bear-Rimini discovery hole DNW-011, and was the only other hole to be drilled to-date into the footwall of the LP Fault.


  • The final metres of DC-12-07 intersected silicified volcanic rocks visibly similar to those which yielded high-grade gold at the Bear-Rimini discovery. Lower-grade gold mineralization was also intersected higher up the hole within the LP Fault, as was also the case in the Bear-Rimini Zone.


  • Great Bear's geologists noted sparse fine visible gold within strongly silicified felsic volcanic rocks towards the end of DC-12-07, where the Company projected the Bear-Rimini Zone's on-strike gold mineralization could occur. Past operators had recorded this interval as un-mineralized and it had not been sampled.


  • Great Bear sampled the previously uncut core, which assayed 5.5 metres of 4.07 g/t gold beginning at 193.50 metres down-hole, including 2.0 metres of 10.57 g/t gold and including 0.5 metres of 36.90 g/t gold. The historical hole had been terminated prematurely.


  • Two historical drill holes were subsequently re-entered and extended by Great Bear, as shown on Figure 2. Both holes intersected similar silicified geology to drill hole DC-12-07 and assays are pending.


 


Chris Taylor, President and CEO of Great Bear said, "This is the cheapest discovery hole we've ever had, since the high-grade visible gold interval was sitting unreported for 12 years in drill core stored on the property.  The new Yuma zone matched our projections of where a Bear-Rimini type gold zone could exist along strike and flanking the LP Fault.  We now know that high-grade gold is present in both locations where the footwall of the fault has been drilled across 1.4 kilometres of strike length, however the majority of the fault's 18 kilometres of projected strike length remain untested.  We plan to complete further step-outs along the LP Fault and the parallel North Fault to see just how extensive this system is, and how it varies in gold distribution."


The company has fast-tracked re-logging and sampling of all available historical drill core from areas north of the LP Fault zone.  Results will be released as received and analyzed.  Follow-up drilling is already underway.



Figure 1: Map zoomed into approximately 5 kilometres strike length of the LP Fault at Dixie, showing the Bear-Rimini and Yuma Zones.  The location of the nearby Dixie Limb and Hinge Zones are also shown. (CNW Group/Great Bear Resources Ltd.)




Figure 2:  Cross section B - B’ (section location shown on Figure 1) of the Yuma Zone, showing assay intervals and the location of Great Bear’s drill hole extensions. (CNW Group/Great Bear Resources Ltd.)



Drill Hole DC-12-07 (Yuma Zone) Description


Reglogging of hole DC-12-07 identified quartz-sericite-pyrite altered intermediate to felsic volcanic rocks.  Historical sampling had outlined two low grade zones of gold mineralization (0.28 g/t gold over 34.5 metres and 0.33 g/t gold over 5.0 metres, shown visually on Figure 2) higher up the drill hole and associated with the LP Fault; the drill hole's deepest reported assay interval was 1.03 g/t gold over 0.5 metres at 218.25 metres depth.  A zone of strong silicification with visible gold was noted near the bottom of the hole from 193.50 metres to 199.00 metres in unsampled drill core, shown in Figure 3.  For comparison, the lower image in Figure 3 shows drill core from Great Bear's Bear-Rimini discovery hole DNW-011, located 1.4 kilometres away.  Zones in both holes are hosted within similar felsic volcanic host rocks, both have widespread quartz-sericite-pyrite alteration and the high-grade gold in both holes is hosted by strong silicification.



Figure 3: Images comparing geology, alteration and visible gold mineralization at the new, historically unassayed Yuma Zone (above) and the Bear-Rimini Zone drilled by Great Bear (below).  Both zones occur 1.4 kilometres apart along the LP Fault in similar host rocks. (CNW Group/Great Bear Resources Ltd.)



Extension of Historical Holes


DC-12-07 has now been re-entered and extended by Great Bear from its original 218.25 metre length to 336 metres.  Oriented foliation and quartz vein data suggest that the zone may be dipping steeply to the north.  To test this interpretation, historical hole DL-03-10, which was completed by past operators below DC-12-07 at a steeper angle, was also extended from 207 metres to 376.5 metres (as shown in Figure 2).  The extension was designed to target the down-dip projection of the observed mineralization in DC-12-07.  Both extended drill holes intersected strongly quartz-sericite-pyrite altered felsic volcanic rocks with zones of variable silicification, from which assays are pending.  An image of the original on-site core storage is provided in Figure 4.


The Company continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, Yuma Zone, LP Fault, North Fault, and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June of 2019.  Approximately 55,000 metres of drilling remain in the current program.


With its recently-completed financing, the Company currently has approximately $20,000,000 in cash and no immediate financing requirements.



Figure 4: Cross-stacked historical drill core at the Dixie project.  The new Yuma Zone discovery was made when Great Bear sampled previously unrecorded visible gold mineralization in historical drill hole DC-12-07, assaying 2.0 metres of 10.57 g/t gold in the footwall of the LP Fault, 1.4 kilometres southeast of the Bear-Rimini Zone. (CNW Group/Great Bear Resources Ltd.)



About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario. The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Burnaby, British Columbia, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-discovers-new-high-grade-yuma-zone-at-1-4-km-step-out-along-lp-fault-from-the-bear-rimini-zone-in-unassayed-historical-drill-core-follow-up-drill-results-pending-300885342.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/16/c9549.html

please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360

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8020 Admin

1 month ago

8020 Admin posted a press release Great Bear Drills Major Hinge Zone Expansion to 440 m Down-Plunge: 3.90 m of 18.09 g/t Gold, Including 1.00 m of 69.97 g/t Gold in GREAT BEAR RESOURCES

TSX-V:  GBR

VANCOUVER, July 10, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported a significant expansion of the Hinge Zone high-grade gold discovery at its 100% owned Dixie Project in the Red Lake District of Ontario. 


Chris Taylor, President and CEO of Great Bear said, "Our strong results drove us to fast track our exploration process with aggressive new step-down drilling. We have now hit more high-grade gold mineralization 440 metres down-plunge from surface and 150 metres down-plunge from the nearest previously reported high-grade intercept.  Results suggest the Hinge Zone projects from near-surface with significant depth potential, and contains a high degree of continuity of gold mineralization within its extensive vein network.  During 2019, we plan to test its continuity down to increasing depths, and will also drill deeper and along strike into what we interpret as at least 6 additional gold zones with similar plunges along the 500 metre strike length of the Hinge Zone vein swarm we have drilled so far."


New 3D sections of the Hinge Zone and Dixie Limb, showing multiple steeply-plunging gold zones, are provided in Figure 1, Figure 2 and Figure 3.  The most recent assay results are provided in Table 1.


Highlights of the most recent Hinge Zone drill results include:



  • All 11 drill holes (100%) intersected from 1 to 5 gold-bearing quartz veins

  • Drill hole DHZ-042 intersected 3.00 metres of 23.21 g/t gold including 1.00 metre of 50.66 g/t gold at 229 metres vertical depth

  • Drill hole DL-048 intersected 3.90 metres of 18.09 g/t gold including 1.00 metre of 69.97 g/t gold at 342 metres vertical depth, 150 metres down-plunge of previous high-grade intercepts


 


July 2019 marks the one year anniversary of Great Bear's Hinge Zone drill program.  A summary of some key points of the Hinge Zone discovery as drilled to-date include:



  • The Hinge Zone gold-bearing quartz vein swarm has been drilled for over 500 metres of east-west strike length and remains open to extension.

  • The D2 Axial plane which is interpreted to be an important control to the vein swarm has a possible east-west strike extent of up to 5 kilometres within the Dixie greenstone belt, before intersecting a granitic batholith to the west.

  • Drilling has thus far observed that the vein swarm contains at least 6 steeply-plunging high-grade sub-zones, and the Company is drilling east-west and north-south drill fences in an effort to discover the total number of sub-zones that are present, and delineate their geometries along strike and at depth.

  • The Hinge Zone vein swarm has an approximate north-south extent, or total known zone width based on drilling, of 300 m, flanking an ultramafic-hosting fault.  Proximity to the fault is interpreted to be a key gold mineralization control at both the Hinge and Dixie Limb Zones.

  • The generally predictable plunges of Hinge Zone gold zones observed to-date (approx. 70 degrees to the west) have greatly increased the speed and efficiency of drill progress.


Figure 1: 3D section of the Hinge Zone showing drill results to-date. (CNW Group/Great Bear Resources Ltd.)


With its recently-completed financing, Great Bear currently has approximately $20,000,000 in cash and low operating all-in drill costs of approximately $175/metre.  The Company continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, LP Fault, North Fault, and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June 2019.  Approximately 60,000 metres of drilling remain in the current program.


Table 1: Highlighted results from most recent Hinge Zone drilling.


Read more here:  https://www.quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=5865578099665300 

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8020 Admin

1 month ago

8020 Admin posted a press release Great Bear Closes C$10.9 Million Over-Subscribed Bought Deal Private Placement in GREAT BEAR RESOURCES





/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V:  GBR                                                                             

VANCOUVER, July 3, 2019 /CNW/ - Great Bear Resources Ltd. (TSX-V: GBR) ("Great Bear" or the "Company") is pleased to announce that it has closed an over-subscribed "bought deal" private placement financing (the "Offering"), previously announced on June 12, 2019, and upsized on June 13, 2019, through a syndicate of underwriters led by Cormark Securities Inc. ("Cormark") and including Canaccord Genuity Corp. (collectively, the "Underwriters").



Both the upsized offering of 1,500,000 shares, and 500,000 "additional shares" that were available for distribution, have been fully subscribed. The Company will now issue 2,000,000 common shares that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) ("Flow-Through Common Shares") at a price of $5.45 per Flow-Through Common Share, for aggregate gross proceeds to the Company of approximately C$10,900,000.



The proceeds of the Offering will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in the Red Lake district of Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.


The Flow-Through Shares are subject to a four-month and one day hold period expiring on November 4, 2019, in accordance with applicable Canadian securities laws.


In connection with the Offering, the Company has paid the syndicate led by Cormark a cash commission of 6% of the gross proceeds of the Offering and reimbursed it for certain reasonable expenses and fees. 


Chris Taylor, President and CEO of Great Bear said, "Interest in this placement was overwhelming, and we've successfully raised double the funding we were initially looking for.  We'd like to sincerely thank our new and existing shareholders for their continued interest in our company's success and growth, and we look forward to delivering a wealth of new exploration results from our flagship Dixie project throughout 2019 and 2020."


Great Bear is currently engaged in a 90,000-metre drill hole program at its flagship Dixie property, which is expected to continue through 2019 and 2020.


The Offering is subject to final acceptance by the TSX Venture Exchange.


About Great Bear
Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15-minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


This new release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. We do not assume any obligation to update any forward-looking statements, other than as required by securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/03/c2202.html

Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

2 months ago

8020 Admin posted a press release Great Bear Announces Upsized Bought Deal Private Placement of Flow-Through Common Shares to C$8.2 Million in GREAT BEAR RESOURCES


/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V:  GBR                                                                             


VANCOUVER, June 13, 2019 /CNW/ - Great Bear Resources Ltd. (TSXV:GBR) ("Great Bear" or the "Company") is pleased to announce that in connection with its previously announced bought deal financing, the Company and a syndicate of underwriters led by Cormark Securities Inc. ("Cormark") and including Canaccord Genuity Corp. (collectively, the "Underwriters") have agreed to increase the size of the previously announced financing. The Company will now issue 1,500,000 common shares that qualify as "flow-through shares" of the Company for the purposes of the Income Tax Act (Canada) ("Flow-Through Common Shares") at a price of $5.45 per Flow-Through Common Share, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately C$8.2 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 500,000 Flow-Through Common Shares at the offering price up to the closing date.


The proceeds from the Offering will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.


The Offering is scheduled to close on or about July 3, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.


Chris Taylor, President and CEO of Great Bear said, "Interest in this placement from top tier investors whom we are pleased to include as shareholders has exceeded our capacity to accommodate within the terms announced on Wednesday.  We are therefore pleased to announce expansion of the placement, and know that we will benefit from the added flexibility this additional funding will provide at the exploration level at Dixie."


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Great Bear
Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce. Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


ON BEHALF OF THE BOARD


"Chris Taylor"                                


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Forward-Looking Information


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Great Bear Resources Ltd.


View original content: http://www.newswire.ca/en/releases/archive/June2019/13/c4349.html



Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

2 months ago

8020 Admin posted a press release Great Bear Announces C$5.5 Million Bought Deal Private Placement of Flow-Through Common Shares and Expansion of Drill Program to 90,000 m in GREAT BEAR RESOURCES


/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V:  GBR

VANCOUVER, June 12, 2019 /CNW/ - Great Bear Resources Ltd. (TSXV:GBR) ("Great Bear" or the "Company") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. ("Cormark") to act as lead underwriter of a syndicate of underwriters that includes Canaccord Genuity Corp. (collectively, the "Underwriters"), pursuant to which the Underwriters shall purchase 1,000,000 common shares that qualify as "flow-through shares" of the Company for the purposes of the Income Tax Act (Canada) ("Flow-Through Common Shares") at a price of $5.45 per Flow-Through Common Share, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately C$5.45 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 150,000 Flow-Through Common Shares at the offering price up to the Closing Date.


The proceeds from the Offering will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.


The Offering is scheduled to close on or about July 3, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.


Chris Taylor, President and CEO of Great Bear said, "By raising an additional $5.5 million, we will have over $15 million in cash on hand and will have funded the expansion of our ongoing drill program by an additional 30,000 metres, for a new total of 90,000 metres of drilling.  Coupled with the potential for an additional $7.8 million from warrant exercise, Great Bear will remain very well funded with the flexibility to significantly expand and extend our drilling as required. We are strongly positioned to benefit from one of our industry's most significant exploration drill campaigns through 2019 and 2020."


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Forward-Looking Information


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Great Bear Resources Ltd.


View original content: http://www.newswire.ca/en/releases/archive/June2019/12/c0534.html

Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

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8020 Admin

2 months ago

8020 Admin posted a press release Great Bear Mobilizes Third Drill Rig to Bear-Rimini Discovery at Dixie in GREAT BEAR RESOURCES





TSX-V:  GBR     

VANCOUVER, June 11, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported mobilization of a third drill rig to its 100% owned Dixie Project in the Red Lake District of Ontario, as part of its ongoing fully-funded 60,000 metre drill program.


The third drill will target the new Bear-Rimini Zone and the "LP Fault", which is the 18 kilometre long structural target that is adjacent to, and partially hosts, the discovery as shown on Figure 1.  Drilling is expected to begin at the Bear-Rimini Zone using the third drill rig within a few days.


The Bear-Rimini discovery consists of multiple zones of shallow high-grade gold mineralization in drill hole DNW-011.  Highlight intervals include 14.00 metres of 12.33 g/t gold including 4.60 metres of 30.90 g/t gold, and 2.00 metres of 194.21 g/t gold including 0.50 metres of 759.38 g/t gold (see Great Bear news release of May 28, 2019).  The high-grade gold intervals were intersected at less that 100 metres vertical depth in the footwall of the LP Fault.  Mineralization within the fault zone itself returned a separate interval of 50.60 metres of 0.74 g/t gold.  15 additional historical drill holes have also cut the LP Fault along 2.5 kilometres of strike length and intercepted similar lower-grade mineralization to that observed within the fault in DNW-011.


Chris Taylor, President and CEO of Great Bear said, "Approximately 30,000 metres of our fully-funded 60,000 metre drill program remain to be drilled this year.  Two drill rigs are currently on site at Dixie and will continue to drill the Hinge and Dixie Limb Zones.  The third drill rig is expected to be dedicated to ongoing drilling of the Bear-Rimini Zone and LP Fault.  The Company will continue to systematically and rapidly explore the high-grade gold zones discovered to date, plus several additional high priority targets that have also been identified across the property."


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.



Figure 1: Map of the Dixie project showing the location of known gold zones (DHZ, DL, DNW and DNE) and current drill results.  The location of the LP Fault drilled in DNW-011 is shown in red dashes.  The Bear-Rimini Zone is labelled “BR”. (CNW Group/Great Bear Resources Ltd.)



Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-mobilizes-third-drill-rig-to-bear-rimini-discovery-at-dixie-300865161.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/11/c2260.html



please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360. Inquiries: Tel: 604-646-8354, Fax: 604-646-4526, info@greatbearresources.ca , www.greatbearresources.ca 

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8020 Admin

3 months ago

8020 Admin posted a press release Great Bear to Host a Webinar on Wednesday May 29th @ 8:00am PDT/11:00pm EDT to Provide Update on Dixie Drill Program in GREAT BEAR RESOURCES


VANCOUVER, May 21, 2019 /CNW/ - Great Bear Resources (the "Company" or "Great Bear", TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, President and CEO and Mr. R. Bob Singh, Vice President, Exploration for a webinar detailing recent progress in the Company's ongoing fully-funded 60,000 metre drill program at it's 100% owned Dixie property in the Red Lake district of Ontario.



The webinar will take place on Wednesday, May 29th at 8:00am PST/11:00pm EST. Management will be available to answer questions following the presentation. Online registration and participation details may be found at the following link:



https://attendee.gotowebinar.com/register/2772753219913889281?source=GBR


For those unable to participate, a recording of the webinar will be posted to the Company's web site following the live broadcast.


About Great Bear


The Dixie property is located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario.  The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized system similar to that hosting other producing gold mines in the district.  Gold is frequently associated with high-grade veins that occur along major structural trends, including the axes of regional-scale folds, and in association with a deep-seated crustal structure that runs along the property for approximately 20 kilometres of strike length.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-to-host-a-webinar-on-wednesday-may-29th--800am-pdt1100pm-edt-to-provide-update-on-dixie-drill-program-300853735.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/21/c7150.html

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360; Inquiries: Tel: 604-646-8354, Fax: 604-646-4526, info@greatbearresources.ca, www.greatbearresources.caCopyright CNW Group 2019

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8020 Admin

3 months ago

8020 Admin posted a press release Great Bear Drills Deeper in the Hinge Zone - 28.37 g/t Gold Over 3.70 m Including 200 g/t Gold Over 0.5 m; New Gold Zones Drilled Across Property in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today reported drill results from the Dixie Hinge Zone ("DHZ") and other new gold zones at its 100% owned Dixie Project in the Red Lake District of Ontario.


The Company recently completed 30 metre and 100 metre step-down drill holes along the projected plunge and dip of two high-grade gold trends within the DHZ. Both hit identical styles of high-grade gold mineralization as above. The Hinge Zone appears to have significant high-grade depth potential.


Hinge Zone drill results are provided in Table 1. An updated DHZ long section is shown on Figure 1. An updated cross section is provided in Figure 2. Highlights of current DHZ drilling include:



  • Drill hole DHZ-039 intersected 3.70 metres of 28.37 g/t gold, including a very high grade interval of 0.5 metres of 200.25 g/t gold (1.64 feet of 6.44 oz/t). This is the deepest high grade intercept in the DHZ to date.


  • DHZ-039 is a 28 metre step-down along the down-plunge projection of the gold intercept in drill hole DHZ-029, which had returned 1.30 metres of 21.02 g/t gold as disclosed on March 21, 2019.


  • Drill hole DHZ-033 intercepted multiple high-grade gold-bearing veins. Vein 1: 13.58 g/t gold over 3.10 metres, including 0.80 metres of 29.30 g/t gold. Vein 2: 4.10 metres of 8.22 g/t gold, including 0.55 metres of 46.57 g/t gold. Vein 3: 5.80 metres of 2.46 g/t gold, including 1.70 metres of 7.49 g/t gold.


  • Drill hole DL-043 was drilled across the adjacent Dixie Limb Zone and into the Hinge Zone approximately 100 metres down-dip of previous DHZ drilling.


  • DL-043 returned 1.50 metres of 11.65 g/t gold, including 0.50 metres of 34.07 g/t gold.


  • 32 of 51 drill holes (63%) completed by Great Bear within the DHZ to date have intersected intervals containing greater than 15 g/t gold.


Chris Taylor, President and CEO of Great Bear said, "With 28 metre and 100 metre step-downs continuing to hit high grade gold mineralization, the DHZ discovery yields something exceedingly rare in our industry: the more Great Bear drills it, the more compelling the target becomes."


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACC&qmodStoryID=5291834173359022 

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8020 Admin

4 months ago

8020 Admin posted a press release New Gold Control at Dixie Limb Zone Yields High Grades Including 17.55 g/t Gold Over 2.55 m within 9.15 g/t Gold Over 5.30 m - West Madsen Property Optioned to GoldON Resources in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - April 30, 2019) - Great Bear Resources Ltd. (TSXV: GBR) (the "Company" or "Great Bear") today reported the discovery of a new gold control within its Dixie Limb Zone ("DL") target which is associated with thickened and higher-grade gold mineralization. The new discovery enhances the DL as a significant potential host of high-grade gold. The DL is the original gold discovery at the Dixie project, made by Teck Resources. It is located approximately 200 metres to the north of, and is sub-parallel to, Great Bear's 2018 high-grade gold discovery at the Hinge Zone ("DHZ").


Nine additional drill holes have also been completed into the Hinge Zone for which assays are pending; these results will be released when available. Continued drilling of the DHZ remains a top priority through 2019 and 2020, as part of the Company's fully-funded 60,000 metre drill program.


The Company also reports it has entered into a binding Letter of Intent ("LOI") with GoldON Resources Ltd. (TSX-V: GLD, "GoldON") wherein GoldON has the option to earn an initial 60% interest, and a subsequent 100% interest in Great Bear's West Madsen property.


New High-Grade Drill Strategy in the Dixie Limb


The Dixie Limb zone is a major gold target at the Dixie project, second only to the Hinge Zone in exploration importance. This is due to its potential size, strong continuity of grade, and the presence of gold extending to within a few metres of surface. Great Bear's recent drilling successfully tested newly interpreted high-grade gold controls in the zone. Results include:



  • New drilling has intersected a "Hinge Zone style" east-west trending high grade gold vein which intersects the DL and is associated with increased grades and widths of mineralization at the intersection, as shown in Figure 1.


  • The newly discovered gold control allows Great Bear to prioritize drill targeting of high-grade zones within the broader mineralized system in the DL.


  • New drill results include 17.55 g/t gold over 2.55 metres within a broader interval of 9.15 g/t gold over 5.30 metres, and 24.21 g/t gold over 1.30 metres within a broader interval of 5.05 g/t gold over 15.85 metres.


  • The DL has been drill defined along a 600-metre strike length where all (100%) of more than 100 drill holes have encountered gold mineralization at a geological contact between various basalt and metasediments units. 


  • The DL has considerable depth potential based on geological and structural modeling. The deepest drill hole intersects the zone at approximately 450 metres vertical depth, and the zone remains open to extension in all directions. 


  • The newly defined intersection provides a predictable plunge of high-grade gold mineralization which Great Bear successfully targeted during recent drilling. Great Bear has also used a similar predictive plunge technique to define high-grade gold mineralization in the Hinge Zone.


Current DL drill results are shown in Table 1. All drill results which intersect the DL within 50 metres along strike to either side of the predicted intersection are shown in Table 2.


 


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=8729097967402204 

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8020 Admin

4 months ago

8020 Admin posted a press release Great Bear Exploration Team Recognized with "Bernie Schnieders Discovery of the Year Award" Presented by NWOPA in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") is pleased to announce that the Company's exploration team have been awarded the 2018 "Bernie Schnieders Discovery of the Year Award" for the discovery of high-grade gold zones at its 100% owned Dixie Property in Red Lake, Ontario, Canada.


The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an exceptional discovery in Northwestern Ontario during the previous calendar year. It was presented on April 2 to Great Bear Resources at the annual awards banquet hosted during the 2019 Ontario Prospectors Exploration Showcase in Thunder Bay, Ontario (http://www.nwopa.net/2019-exploration-showcase.html).


Chris Taylor, President and CEO of Great Bear, said, "We would like to sincerely thank the NWOPA for receiving this honour, and look forward to expanding on our exciting discoveries at the Dixie property through 2019 and 2020. We have been fortunate to receive strong industry support for our exploration work over recent years, including an exploration grant during 2017/2018 in the amount of $100,000, as part of the Ontario Prospector Association's Junior Exploration Assistance Program ("JEAP"), which partially funded our discovery drill program."


About Great Bear


The Dixie property is located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in its West Madsen properties which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.'s Madsen property. All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


ON BEHALF OF THE BOARD


"Chris Taylor"


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43953

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8020 Admin

5 months ago

8020 Admin posted a press release Great Bear Doubles Fully Funded Drill Program From 30,000 m to 60,000 m - Will Add Third Drill Rig in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2019) - Great Bear Resources Ltd. (TSXV: GBR) (the "Company" or "Great Bear"), today reported that the Company's board of directors has approved doubling of the current 30,000 metre drill program to 60,000 metres. The Company remains fully funded for this expanded drilling.


Approximately 12,000 metres of the original 30,000 metre drill program remain to be drilled (see Great Bear news release of September 20, 2018), with expected completion of the original program by July 2019. The extended program will continue through 2019.


The Company also announces that it plans to add a third drill rig during the extended program. The two drill rigs currently on site will concentrate on defining and expanding the Hinge (DHZ) and Dixie Limb (DL) zones along strike and at depth. The third rig will explore regional targets and also assist with the DHZ and DL drilling as required. Timing of deployment of the third drill rig is subject to completion of regional target definition.


The fully funded expansion of the drill program by an additional 30,000 metres has an all-inclusive budget of approximately $5,600,000. The program will continue year-round. The Company currently has a cash treasury of approximately $12,000,000, and approximately $7,800,000 of in-the-money warrants priced from $0.20 to $1.75 expiring during 2019 and 2020, for approximately $20,000,000 on a partially diluted cash basis.


Chris Taylor, President and CEO of Great Bear said, "Great Bear is in a very strong position, with funding in hand to aggressively expand our drill program, and results to-date certainly warrant this expansion. One of the two drill rigs currently on site has been drilling regional step-outs and has successfully discovered new mineralized zones and potential extensions to the Hinge zone. However, beginning in April both drill rigs will focus on drilling along strike and at depth of the DHZ and DL. Bringing in a third rig that can accomplish both regional exploration and additional DHZ/DL drilling will allow us to retain a high rate of core production as we begin to follow the DHZ and DL gold zones to the greater depths typical of other major Red Lake district gold discoveries."


The Company has posted a video showing expansion of Hinge Zone drilling over the past eight months since its discovery to its web site at www.greatbearresources.ca.


At the Dixie project, the Company has identified a 20+ kilometre long gold-bearing deep crustal structure and a number of significant secondary structural features including faults and D2 fold axes that collectively define more than 30 kilometres of prospective gold-bearing trends. In order to efficiently test these multiple large targets, geochemical techniques will be applied to prioritize exploratory drilling for the third drill rig. Regional drill targets outside of the DHZ and DL will be defined through ongoing interpretive modeling work and soil hydrocarbon (geochemical) surveying as soon as spring thaw is complete in April - May 2019.


About Great Bear


The Dixie property is located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


ON BEHALF OF THE BOARD


"Chris Taylor"


Chris Taylor, President and CEO


Inquiries:


Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43795

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8020 Admin

5 months ago

8020 Admin posted a press release Great Bear Drills Multiple High-Grade Gold Veins in Hinge Zone Including 30.15 g/t Gold Over 7.25 m in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - March 21, 2019) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today reported drill results from the Dixie Hinge Zone ("DHZ") and Dixie Limb Zone ("DL") at its 100% owned Dixie Project in the Red Lake District of Ontario.


Drilling continues to test along strike and at depth of the DHZ. Some of the DHZ drill holes also cross the adjacent DL at shallow depths and hence Great Bear is able to test both zones with the same drill holes. Hinge Zone drill results are provided in Table 1. Highlights of current drilling include:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACC&qmodStoryID=4713581701484148 

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8020 Admin

6 months ago

8020 Admin posted a press release Great Bear Drills Hinge Zone Extensions - Results Include New 42 m Wide Zone with Multiple Gold-Bearing Intercepts Including 31.60 g/t Gold Over 3.40 m at 157 m Depth in GREAT BEAR RESOURCES

Vancouver, British Columbia--(Newsfile Corp. - February 21, 2019) -  Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"), today reported drill results from the Dixie Hinge Zone ("DHZ") at its 100% owned Dixie Project in the Red Lake District of Ontario.


Read More here:  https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACC&qmodStoryID=7551589497280543 

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