Great Bear Resources Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1020 – 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Tel No.: 604-646-8354
Fax No.: 604-646-4526
Web Site:
Contact Person: Rita Bennett
Position: VP Corporate Communications

Company Data

Traded Market: TSX-V | OTCQX
Traded Symbol: GBR | GTBAF
Outstanding Shares: ~57.8 million
52 Week High: $ 22.35
52 Week Low: $ 12.80
Present Price: Click Here








Great Bear is a Vancouver-based gold exploration company focused on advancing its flagship Dixie project, in the high-grade Red Lake district of northwestern Ontario, Canada. The renowned Red Lake gold district has produced approximately 30,000,000 ounces of gold from 29 gold mines historically.

A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.

The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial multimillion-ounce NI 43-101 compliant mineral resource estimate for the Dixie project in early 2022.

Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.


Dixie Gold Project, Red Lake, Ontario

The Company's flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction. Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines. The property also hosts a network of well-maintained logging roads which facilitate access.

Twenty-three high-grade domains are structurally and geologically distinctive from the surrounding lower-grade, bulk-tonnage-style gold mineralization. Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower-grade domains. They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and transition from upper green schist to lower amphibolite facies metamorphism. Gold in the high-grade domains is generally observed as free gold, is often transposed into and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

2021 Exploration Drill Program

  • Phase 1 (completed): 440 drill holes totaling 283,000 m along ~4 km of strike length to ~450 m depth to add mineralization to LP Fault gold zone at both ends of drill grid
  • Phase 2 (in progress, results pending): target expansion of mineralization between ~450-900 m depth over ~4 km of strike length. First 7 holes reported successful extension to depth of 750 m along 1.4 km strike

To date, Great Bear has completed more than 700 drill holes, identifying three high-grade gold discoveries. The most significant discovery is the large-scale LP Fault zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units. LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately four kilometres of strike length. The nearby Hinge and Limb gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units. Over 80 per cent of the Company's drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization. Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.

Attractive Investment Opportunity

Significant Gold Asset with Growth Potential

  • Currently defining one of Canada's largest gold discoveries
    • Extensive C$45M exploration drill program underway
    • Multiple high-grade gold discoveries: multi-kilometre LP Fault zone, plus adjacent Limb, Hinge and Arrow zones
  • Mining-friendly jurisdiction with access and existing infrastructure

Strong Financial Position with Stakeholder Support

  • Well capitalized with track record of leveraging exploration dollars
  • Exploration Agreements in place with partner First Nations
  • Solid institutional investor base
  • Active research coverage by: BMO Capital Markets, Canaccord Genuity, CIBC World Markets, Cormark Securities, Research Capital Corp., PI Financial and Stifel GMP


Management and Directors

Chris Taylor, M.Sc., P.Geo., President, Chief Executive Officer and Director (since Dec. 2012)

Structural and economic geologist and mining entrepreneur with over 20 years of experience in mineral exploration, mine development and operations

Chairman of Kodiak Copper Corp.

Formerly a geologist with Imperial Metals Corp.

Bob Singh, B.Sc., P.Geo., Director, Vice President of Exploration

Professional Geologist with over 30 years of experience (17 years in Red Lake District)

Strong technical background in evaluating and exploring gold and base metal systems

Outstanding geological, data and project management abilities

Developed new software and technologies for recording and analyzing geological data

Identified the Dixie property as having the potential to host a major gold mineralization system in 2015, and the discoveries began in 2017

Andrea Diakow, B.Sc., P.Geo., Vice President of Projects

Over 14 years of experience in exploration for precious metals, base metals and diamonds throughout North America

Over 6 years in Red Lake

Plans and coordinates Great Bear's exploration program and monitors QA/QC practices

Calum Morrison, CFA, CPA, CA, Chief Financial Officer & Vice President of Business Development

Over 15 years of experience in the mining industry, having worked both in corporate development and investment banking roles

Rita Bennett, B.Comm, Vice President of Corporate Communications

20 years of professional and entrepreneurial experience in marketing, communications and business administration

Former Director and VP Marketing for digital marketing agencies and mining companies

Ian Russell, Project Manager

Zeenat Lokhandwala, Director, Finance

Darryl Boyd, Director, Environment

Jenni Piette, Director, Sustainability & Stakeholder Relations

Michael Kenyon, B.Sc., M.Sc., Geology, Chairman, Director

Gil Lawson, B.Eng., Independent Director

Doug Ramshaw, B.Sc. (ARSM), Independent Director

Paula Rogers, CPA, CA, Independent Director

David Terry, Ph.D., P.Geo., Independent Director

News Update

On December 08, 2021, Great Bear Resources Ltd. has entered into a binding agreement with Kinross Gold Corp. under which Kinross has agreed to acquire all of the outstanding common shares of Great Bear.

Under the terms of the transaction, Great Bear shareholders will receive upfront consideration of approximately $1.8-billion, representing $29 per Great Bear common share on a fully diluted basis. Great Bear shareholders will be able to elect to receive the upfront consideration as either: (i) $29 in cash; or (ii) 3.8564 Kinross shares per Great Bear share, both subject to proration.

On November 24, 2021, Great Bear Resources Ltd. has released drill results from its 100-per-cent-owned flagship Dixie project, in the Red Lake district of Ontario. Great Bear discovers new gold zone west of Hinge and Limb zones: 20.27 G/T gold over 1.75m, within 5.69G/T gold over 7.05m; reports new LP fault result including 16.07 G/T gold over 3.70m within 3.1 G/T gold over 28.30m.

On October 25, 2021, Great Bear Resources Ltd. reported 95.2% to 99.2% gold recoveries in preliminary LP Fault metallurgical tests – gold is free milling and readily soluble at all grades.

Highlights of gold recovery results:

  • All tested combinations of grades, host rocks, sulphide content and alteration styles recovered a very high percentage of total gold, within a 4% range from 95.2% to 99.2%.
  • LP Fault gold mineralization is not refractory.


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