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: Knox Henderson
Position: Investor Relations

Company Data

Traded Market: TSX Venture
Traded Symbol: GBR
Outstanding Shares: 35 million
Public Float: 20 million
52 Week High: $ 2.35
52 Week Low: $ 0.26
Present Price: Click Here








Great Bear Resources is a Canadian exploration company focused on advancing precious metals projects in one of the world's premier mining jurisdictions – Red Lake, Ontario, Canada.

Great Bear owns a 100-per-cent royalty-free interest in the Dixie property, located in the Red Lake district of Ontario. In addition, Great Bear is earning a 100-per-cent 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.

The Red Lake mining district has produced over 30,000,000 ounces of gold, and has an excellent network of access roads allows for exploration work year-round at Great Bear's Dixie and West Madsen Projects.

Projects in Hand

(1) Dixie Project, Red Lake, Ontario


  • Cost effective, road accessible project – The project consists of 9,140 hectares located approximately 15 minutes' drive along Highway 105 from downtown Red Lake, Ontario, extensive network of logging roads across properties, allowing all-year access
  • Similar geological setting to the active mine and exploration projects (Mafic-Felsic sequences) within the Red Lake Greenstone Belt
  • Gold confirmed along 2.3 km strike of a 10 km target
  • System open along strike and at depth
  • Recent drilling returned: 16.35 m of 26.91 g/t gold, 7.00 m of 68.76 g/t gold & 10.4m of 16.84 g/t gold in various zones
  • Rapidly growing high grade gold target goes to surface
  • Ongoing drill program: 30,000 metres of 150 drill holes through 2018 - 2019
    • The program will continue to drill test the Dixie Limb Zone ("DLZ"), including its various sub-zones such as the Hinge Zone and South Limb Zones. Step-out drilling will also test additional targets along the 10 kilometre strike length of the DLZ.

New Airborne Geophysics

  • Claims cover a district-scale gold target
  • Primary gold-mineralized units resemble the gold-hosting geology of the main Red Lake district, and extend for over 10 kilometres on Great Bear's property
  • This target is fold-repeated, yielding over 20 kilometres strike length of prospective geology to explore

On Strike Potential 3D Modeling

  • 3D perspective view looking northwest shows strong correlation between known mineralized zones and geophysical response
  • 2.5 kilometres drilled to date, all 100+ holes hit gold
  • More than 17 kilometres of strike length undrilled
  • Gold confirmed to 450 metres depth, remains open

(2) West Madsen Project, Red Lake, Ontario


  • The West Madsen project comprises of two claims blocks – Block A and Block B. The easternmost (Block 'A') an on-strike extension of Pure Gold's high-grade Madsen project
  • Recent expansion of 1,136 hectares for a total of 3,860 hectares for all of West Madsen
  • Great Bear buying 100% interest for remaining cash payments of $124,000 spread over 4 years & 100,000 common shares, no NSRs
  • Within Greenstone belt host to the adjacent historical Madsen and Starratt-Olsen mines
  • Geophysical survey shows two primary gold targets

Pure Gold's Wedge Zone (1.5 kilometres east of GBR's West Madsen Block "A" boundary)

  • 33.3 g/t Au over 8.3m
  • 21.3 g/t Au over 10.3m
  • 22.5 g/t Au over 2m
  • 15.1 g/t Au over 5.4m - Incl. 69.2 g/t Au /1m
  • 9.8 g/t Au over 3m

Plans for 2018 at West Madsen

  • Geological mapping, rock sampling
  • Prospecting
  • Drill target generation

Investment Highlights

  • Advancing precious metals projects in one of the world's premiere mining jurisdictions – Red Lake, ON
  • District gold production of over 30,000,000 ounces
  • 13,000 hectares between two projects
    • Dixie
    • West Madsen
  • No NSRs on any project
  • New high grade, from surface gold discoveries in 2017 and 2018
  • Fully Funded – $10M financing closed September 2018, including $5.7M from Rob McEwen & McEwen Mining
  • Ongoing Drilling – 30,000 metres of drilling at Dixie Project in Q4 2018-2019
  • Tight Share Structure – 35M shares outstanding
  • Heavily Invested Management Team


Management and Directors

Chris Taylor, President, Chief Executive Officer and Director

20 years experience in the mining industry

Formerly a geologist with Imperial Metals, Inc., a TSXV company from 2004 to 2009, and was instrumental in the founding of Dunnedin Ventures and Solstice Gold

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

Associated with the mineral exploration industry for over 23 years

Strong technical background in evaluating and exploring gold and base metal systems and has outstanding geological, data management, computer and project management abilities

Rob Scott, CFA, CA, Chief Financial Officer

20 years of professional experience in accounting, corporate finance, and merchant and commercial banking

Founder and president of Corex Management Inc.

John Robins, P.Geo., Advisor

Currently the Executive Chairman of Bluestone Resources Inc. and a director of Northern Empire Resources Corp.

Founder of Hunter Exploration, Stornaway Diamond Corp., ValOre Metals Corp., North Country Gold Corp. and Kaminak Gold Corp.

Jim Paterson, B.Comm, Advisor

19 years of corporate experience

Director of Northern Empire Resources Corp. and served as a director of Kaminak Gold Corp. from 2010 to 2016, when Goldcorp acquired Kaminak

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

Professional economic geologist, senior executive and corporate director with more than 25 years of international experience in the mineral resources sector

Director of Golden Arrow Resources Corporation

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

Earned B.Sc. (Hons) Mining Geology from the Royal School of Mines, Imperial College, London

For almost two decades Mr. Ramshaw has been a senior executive and a director of several exploration companies

Tony Ricci, CPA, CA, Director

CPA with over 25 years

Former Director and CFO of mining companies including Norsmont Mining and Keegan Resources

News Update

On January 16, 2019, Great Bear Resources Ltd. has released drill results from the Hinge zone and South Limb zone at its 100-per-cent-owned Dixie project. Results include 1,602.73 grams per tonne gold over 0.70 metre (approximate true width) at 150-metre vertical depth.

On January 14, 2019, Great Bear Resources Ltd. has provides a 3-D model of gold mineralization drilled to date at the Company's 100-per-cent-owned Dixie project.

The model represents an approximately 12-square-kilometre area of the approximately 100-square-kilometre Dixie property, from surface to one-kilometre depth, centred on the area of most drilling.

On November 29, 2018, Great Bear Resources Ltd. reported continuity of gold from surface to 365 m depth in Dixie Limb Zone, Dixie Project in the Red Lake District of Ontario.

On November 19, 2018, Great Bear Resources Ltd. announced that it has accelerated payments and completed the purchase of 100-per-cent royalty-free interest in its flagship Dixie Gold Project, located in the Red Lake district of Ontario. Great Bear now has 100-per-cent ownership of the 9,140-hectare project.

On September 27, 2018, Great Bear Resources Ltd. has provided an update on a new high-grade gold discovery, the South Limb zone (SLZ) at its Dixie project in the Red Lake district of Ontario. Results are also provided from continuing drilling of the Dixie Limb zone (DLZ).

Highlights of the new SLZ discovery include:

  • The SLZ discovery includes the highest-grade results drilled to date at the Dixie project, at only 75 metres of vertical depth. The best intercept returned 1.75 m of 101.05 grams per tonne gold including 346.79 g/t gold over 0.5 metre within a vein zone of 10.35 metres of 18.23 g/t gold in drill hole DSL-004.
  • The SLZ is a large target with potential for several kilometres of strike length. Recent discoveries in the SLZ and Hinge zone occur along the axis of a multi-kilometre scale, largely untested regional D2 fold.
  • Three drill holes completed along 220 metres of strike length of the new SLZ target all intersected gold within a well-developed quartz vein system.

Highlights of drilling within the DLZ include:

  • The DLZ continues to yield gold results in all (100 per cent) of the 32 drill holes. The target is geophysically defined as having over 10 kilometres of potential strike length.
  • New results from the DLZ include deeper tests of the zone, returning 3.80 metres of 6.27 g/t gold, including 0.60 metre of 17.29 g/t gold, within a wider interval of 19.00 metres of 3.08 g/t gold at 194.86 m vertical depth in hole DL-024.

On September 20, 2018, Great Bear Resources Ltd. reported revised results from its recent high-grade gold discovery in the Hinge zone and provided details on its new drill program, now under way at its Dixie project in the Red Lake district of Ontario.

Drill hole DHZ-004 was originally reported as returning 44.47 grams per tonne gold over 7.00 metres on Aug. 22, 2018. The interval has been increased to 68.76 g/t gold over 7.00 metres through reassay of a previously underreported core interval.

The Company also reports it has commenced a 30,000-metre drill program that will consist of approximately 150 drill holes and will continue through 2018 and 2019.


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