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

4 hours ago

8020 Admin posted a press release Great Bear Augments Management Team in GREAT BEAR RESOURCES


VANCOUVER, Nov. 19, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported the appointment of Mr. Calum Morrison to the position of Vice President, Corporate Development.



Great Bear Resources Ltd. (CNW Group/Great Bear Resources Ltd.)



Mr. Morrison has over 15 years of experience in the mining industry, having worked both in corporate development and investment banking roles.  Mr. Morrison has managed and led negotiations on numerous transactions with aggregate value in excess $5 billion; including acquisitions, divestments, joint ventures, and other strategic initiatives.   Most recently Mr. Morrison was a senior member of Teck Resources Limited's Corporate Development team that oversaw the origination, negotiation, and execution of numerous transactions.


Mr. Morrison is a Chartered Financial Analyst (CFA) Charter Holder, a Chartered Professional Accountant (CPA, CA), and holds a Bachelor of Environmental Science honours degree from Dalhousie university.


Chris Taylor, President and CEO of Great Bear said, "Over eighty percent of our district-scale Dixie property has yet to be explored, and Great Bear will remain focused on building upon its track record of exploration success through 2020 and 2021.  However, even at this early stage, interest in our discoveries has been very strong.  We are very pleased to welcome Calum to our executive team as we are confident he will help us maximize shareholder benefit through the growth of strong relationships within our industry, as the Company continues to advance the Dixie property."


The Company also reports it has granted an aggregate of 125,000 stock options to an employee of the Company, exercisable at $6.57 per share for a period of five years.  Fifty percent of the options vest after an initial four month hold period, while the remaining fifty percent vest on November 18, 2020.


The Board of Directors has also resolved to make the warrants from the September 2018 financing which are exercisable at $1.75 and expire on September 11, 2020, transferrable.  All other terms remain the same. If any of these warrant holders wish to transfer their warrants, please contact the Company's Corporate Secretary, Jeff Dare at: jdare@corexmanagement.com.


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 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 hosts different styles of gold mineralization.  High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is large a trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 20 kilometres of strike length and has been drilled along 4.0 kilometres of strike length to-date.  It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


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.


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


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-augments-management-team-300960672.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/19/c9502.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

12 days ago

8020 Admin posted a press release Great Bear Announces C$14.6 Million Bought Deal Private Placement of Flow-Through Common Shares 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, Nov. 7, 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. and Canaccord Genuity Corp. to act as co-lead underwriters of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters shall purchase 1,750,000 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 $8.35 per Flow-Through Common Share, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately C$14.6 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 250,000 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 November 27, 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.


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. 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 hosts different styles of gold mineralization. High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones. These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is a large trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 18.5 kilometres of strike length and has been drilled along approximately 3.5 kilometres of strike length to-date. It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals. The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


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.


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


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 to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/07/c7050.html



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

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8020 Admin

20 days ago

8020 Admin posted a press release Great Bear Drills New Near-Surface High-Grade "Yauro Zone" Discovery at Dixie: 10.32 g/t Gold Over 18.20 m; 5.60 g/t Gold Over 25.25 m; and 16.60 g/t Gold Over 6.00 m in GREAT BEAR RESOURCES

VANCOUVER, Oct. 30, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported new results from its ongoing, fully-funded 90,000 metre drill program at its 100% owned Dixie project in the Red Lake district of Ontario.  Three new gold discoveries have been made and drill results disclosed in this news release are from the following zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault.  Highlights include:



  • The new "Yauro Zone" is located between the Yuma and Auro discoveries along the LP Fault. A significant structural dilation has localized multiple high-grade gold mineralized intervals. Assay results are shown in Table 1.

  • The Yauro Zone consists of several gold intervals spanning two drill holes collared 125 metres apart, with intervals of mineralization observed over 300 metres of apparent width, as shown in cross section on Figure 1.

  • Results include: 32.00 g/t gold over 2.65 metres and 21.33 g/t gold over 3.30 metres, within a wider interval of 5.14 g/t gold over 37.40 metres; 30.66 g/t gold over 3.45 metres, within a wider interval of 5.60 g/t gold over 25.25 metres; and 35.96 g/t gold over 1.73 metres, within a wider interval of 2.01 g/t gold over 66.20 metres.

  • Gold mineralization extends to within metres of surface in both discovery drill holes.

  • The gold system at Yauro appears to increase in apparent width and number of gold intervals with increasing depth. This pattern is observed in most areas drilled to-date along the LP Fault.

  • The zone occurs near an inflection point in the LP Fault system, where the strike direction of the main structure changes. This is also a critical gold control at other large Archean gold deposits.

  • Drilling one kilometre southeast of the Auro Zone in the new "Viggo Zone" has extended the LP Fault gold mineralized system to 4 kilometres of strike length, which remains open to extension.

  • The first drill hole testing the "North Fault" has intersected Hinge Zone style gold-bearing quartz veins. Follow-up drilling will test this new 18 kilometre long target which parallels the LP Fault.


 Table 1: Most recent results from drilling along 4 kilometres of the LP Fault target.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=8464918538282193 

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8020 Admin

20 days ago

8020 Admin posted a press release IIROC Trading Halt - GBR in GREAT BEAR RESOURCES


VANCOUVER, Oct. 30, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Great Bear Resources Ltd.


TSX-Venture Symbol: GBR (All Issues)


Reason: At the Request of the Company Pending News


Halt Time (ET): 9:09 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions


View original content: http://www.newswire.ca/en/releases/archive/October2019/30/c0424.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.

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8020 Admin

26 days ago

8020 Admin posted a press release Great Bear to Spin Out Net Smelter Royalty to Shareholders in GREAT BEAR RESOURCES


VANCOUVER, Oct. 24, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported its intention to create, and subsequently spin-out, a two percent Net Smelter Royalty ("NSR") on any potential future mineral production at the Dixie property.  The NSR will initially be placed in a wholly-owned subsidiary ("SpinCo").  The intention is for the shares of SpinCo to be distributed to the shareholders of Great Bear at a time to be determined by the Board of Directors.  It is expected that the distribution will be completed pursuant to a plan of arrangement (the "Arrangement"), under the Business Corporations Act (British Columbia).



The Arrangement will be subject to TSX Venture Exchange, regulatory and court approval, as well as at management's continued discretion.  Pursuant to the arrangement, common shares of SpinCo will be distributed to shareholders of Great Bear on a pro rata basis.  Subsequent to the SpinCo share distribution, the Board of Directors of SpinCo may at some point decide to pursue listing of its shares on a stock exchange, if and when it determines it is in the best interests of its shareholders.  There will be no change in shareholders' holdings in Great Bear as a result of the Arrangement.



Additional details regarding the Arrangement, including the proposed record date, will be provided as they become available.  There is no certainty the Company will proceed with the Arrangement.


Chris Taylor, President and CEO of Great Bear said, "Discoveries like those occurring at Dixie with the combination of multiple high-grade gold zones, shallow gold mineralization, and proximity to infrastructure within a major mining district, are globally very rare.   Our Board of Directors has reviewed the discovery, and transaction history of similar gold discoveries, and believes that a 2% NSR has excellent potential to benefit our shareholders.  We also believe it is unlikely to impede potential positive developments that may be possible for the project and our Company, as the majority of comparable gold projects that have been successfully developed have similar or larger royalties.  We therefore believe we have a unique opportunity to create additional potential value for our shareholders through the creation of a royalty-focused company built on the future potential of this emerging, district-scale 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.  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 hosts different styles of gold mineralization.  High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is a large trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 18.5 kilometres of strike length and has been drilled along approximately 3.5 kilometres of strike length to-date.  It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


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.


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, including failure to receive Court and regulatory approvals for the Arrangement or other risks that would result in the Arrangement not achieving the anticipated benefits disclosed herein, including those relating to the intention to spin out the NSR and create SpinCo pursuant to the Arrangement, regulatory and Court approvals for the Arrangement, the potential benefits to shareholders, the development of the Dixie project and other matters relating to the Arrangement, the Dixie project, and the NSR.  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-spin-out-net-smelter-royalty-to-shareholders-300944703.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2019/24/c4231.html



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

!

GREAT BEAR RESOURCES

lockPrivate Group

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.

people9 Members       (0)

Corporate Profile
Group Admins:
  • Thumb year end 2017
  • Thumb 8020 monitor 200200 2
Group Mods:
  • Thumb 8020 media relations
Request Membership


GREAT BEAR RESOURCES

lockPrivateGroup

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

people9 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

4 hours ago

8020 Admin posted a press release Great Bear Augments Management Team in GREAT BEAR RESOURCES


VANCOUVER, Nov. 19, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported the appointment of Mr. Calum Morrison to the position of Vice President, Corporate Development.



Great Bear Resources Ltd. (CNW Group/Great Bear Resources Ltd.)



Mr. Morrison has over 15 years of experience in the mining industry, having worked both in corporate development and investment banking roles.  Mr. Morrison has managed and led negotiations on numerous transactions with aggregate value in excess $5 billion; including acquisitions, divestments, joint ventures, and other strategic initiatives.   Most recently Mr. Morrison was a senior member of Teck Resources Limited's Corporate Development team that oversaw the origination, negotiation, and execution of numerous transactions.


Mr. Morrison is a Chartered Financial Analyst (CFA) Charter Holder, a Chartered Professional Accountant (CPA, CA), and holds a Bachelor of Environmental Science honours degree from Dalhousie university.


Chris Taylor, President and CEO of Great Bear said, "Over eighty percent of our district-scale Dixie property has yet to be explored, and Great Bear will remain focused on building upon its track record of exploration success through 2020 and 2021.  However, even at this early stage, interest in our discoveries has been very strong.  We are very pleased to welcome Calum to our executive team as we are confident he will help us maximize shareholder benefit through the growth of strong relationships within our industry, as the Company continues to advance the Dixie property."


The Company also reports it has granted an aggregate of 125,000 stock options to an employee of the Company, exercisable at $6.57 per share for a period of five years.  Fifty percent of the options vest after an initial four month hold period, while the remaining fifty percent vest on November 18, 2020.


The Board of Directors has also resolved to make the warrants from the September 2018 financing which are exercisable at $1.75 and expire on September 11, 2020, transferrable.  All other terms remain the same. If any of these warrant holders wish to transfer their warrants, please contact the Company's Corporate Secretary, Jeff Dare at: jdare@corexmanagement.com.


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 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 hosts different styles of gold mineralization.  High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is large a trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 20 kilometres of strike length and has been drilled along 4.0 kilometres of strike length to-date.  It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


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.


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


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-augments-management-team-300960672.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/19/c9502.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

12 days ago

8020 Admin posted a press release Great Bear Announces C$14.6 Million Bought Deal Private Placement of Flow-Through Common Shares 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, Nov. 7, 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. and Canaccord Genuity Corp. to act as co-lead underwriters of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters shall purchase 1,750,000 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 $8.35 per Flow-Through Common Share, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately C$14.6 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 250,000 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 November 27, 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.


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. 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 hosts different styles of gold mineralization. High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones. These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is a large trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 18.5 kilometres of strike length and has been drilled along approximately 3.5 kilometres of strike length to-date. It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals. The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


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.


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


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 to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/07/c7050.html



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

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8020 Admin

20 days ago

8020 Admin posted a press release Great Bear Drills New Near-Surface High-Grade "Yauro Zone" Discovery at Dixie: 10.32 g/t Gold Over 18.20 m; 5.60 g/t Gold Over 25.25 m; and 16.60 g/t Gold Over 6.00 m in GREAT BEAR RESOURCES

VANCOUVER, Oct. 30, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported new results from its ongoing, fully-funded 90,000 metre drill program at its 100% owned Dixie project in the Red Lake district of Ontario.  Three new gold discoveries have been made and drill results disclosed in this news release are from the following zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault.  Highlights include:



  • The new "Yauro Zone" is located between the Yuma and Auro discoveries along the LP Fault. A significant structural dilation has localized multiple high-grade gold mineralized intervals. Assay results are shown in Table 1.

  • The Yauro Zone consists of several gold intervals spanning two drill holes collared 125 metres apart, with intervals of mineralization observed over 300 metres of apparent width, as shown in cross section on Figure 1.

  • Results include: 32.00 g/t gold over 2.65 metres and 21.33 g/t gold over 3.30 metres, within a wider interval of 5.14 g/t gold over 37.40 metres; 30.66 g/t gold over 3.45 metres, within a wider interval of 5.60 g/t gold over 25.25 metres; and 35.96 g/t gold over 1.73 metres, within a wider interval of 2.01 g/t gold over 66.20 metres.

  • Gold mineralization extends to within metres of surface in both discovery drill holes.

  • The gold system at Yauro appears to increase in apparent width and number of gold intervals with increasing depth. This pattern is observed in most areas drilled to-date along the LP Fault.

  • The zone occurs near an inflection point in the LP Fault system, where the strike direction of the main structure changes. This is also a critical gold control at other large Archean gold deposits.

  • Drilling one kilometre southeast of the Auro Zone in the new "Viggo Zone" has extended the LP Fault gold mineralized system to 4 kilometres of strike length, which remains open to extension.

  • The first drill hole testing the "North Fault" has intersected Hinge Zone style gold-bearing quartz veins. Follow-up drilling will test this new 18 kilometre long target which parallels the LP Fault.


 Table 1: Most recent results from drilling along 4 kilometres of the LP Fault target.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=GBR%3ACA&qmodStoryID=8464918538282193 

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8020 Admin

20 days ago

8020 Admin posted a press release IIROC Trading Halt - GBR in GREAT BEAR RESOURCES


VANCOUVER, Oct. 30, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Great Bear Resources Ltd.


TSX-Venture Symbol: GBR (All Issues)


Reason: At the Request of the Company Pending News


Halt Time (ET): 9:09 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions


View original content: http://www.newswire.ca/en/releases/archive/October2019/30/c0424.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.

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8020 Admin

26 days ago

8020 Admin posted a press release Great Bear to Spin Out Net Smelter Royalty to Shareholders in GREAT BEAR RESOURCES


VANCOUVER, Oct. 24, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported its intention to create, and subsequently spin-out, a two percent Net Smelter Royalty ("NSR") on any potential future mineral production at the Dixie property.  The NSR will initially be placed in a wholly-owned subsidiary ("SpinCo").  The intention is for the shares of SpinCo to be distributed to the shareholders of Great Bear at a time to be determined by the Board of Directors.  It is expected that the distribution will be completed pursuant to a plan of arrangement (the "Arrangement"), under the Business Corporations Act (British Columbia).



The Arrangement will be subject to TSX Venture Exchange, regulatory and court approval, as well as at management's continued discretion.  Pursuant to the arrangement, common shares of SpinCo will be distributed to shareholders of Great Bear on a pro rata basis.  Subsequent to the SpinCo share distribution, the Board of Directors of SpinCo may at some point decide to pursue listing of its shares on a stock exchange, if and when it determines it is in the best interests of its shareholders.  There will be no change in shareholders' holdings in Great Bear as a result of the Arrangement.



Additional details regarding the Arrangement, including the proposed record date, will be provided as they become available.  There is no certainty the Company will proceed with the Arrangement.


Chris Taylor, President and CEO of Great Bear said, "Discoveries like those occurring at Dixie with the combination of multiple high-grade gold zones, shallow gold mineralization, and proximity to infrastructure within a major mining district, are globally very rare.   Our Board of Directors has reviewed the discovery, and transaction history of similar gold discoveries, and believes that a 2% NSR has excellent potential to benefit our shareholders.  We also believe it is unlikely to impede potential positive developments that may be possible for the project and our Company, as the majority of comparable gold projects that have been successfully developed have similar or larger royalties.  We therefore believe we have a unique opportunity to create additional potential value for our shareholders through the creation of a royalty-focused company built on the future potential of this emerging, district-scale 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.  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 hosts different styles of gold mineralization.  High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is a large trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 18.5 kilometres of strike length and has been drilled along approximately 3.5 kilometres of strike length to-date.  It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


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.


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, including failure to receive Court and regulatory approvals for the Arrangement or other risks that would result in the Arrangement not achieving the anticipated benefits disclosed herein, including those relating to the intention to spin out the NSR and create SpinCo pursuant to the Arrangement, regulatory and Court approvals for the Arrangement, the potential benefits to shareholders, the development of the Dixie project and other matters relating to the Arrangement, the Dixie project, and the NSR.  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-spin-out-net-smelter-royalty-to-shareholders-300944703.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2019/24/c4231.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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