Ned Schmidt, Founder of The Value View Gold Report shares his thoughts on why gold outperforming the US markets is one of the most important factors heading into 2019. We also discuss the growing US deficit and debt will it start to matter this year or sometime soon?
David Erfle, Founder of The Junior Miner Junky is kicking off the second hour of this weekend’s show with a preview to what he will be speaking about at the Vancouver Resource Investment Conference. David will be speaking on how to build a portfolio of resource companies.
Be sure to tune into the weekend show for a couple companies David is recommending.
Osisko Metals (TSX.V:OM & Frankfurt:OB5) released news yesterday providing an outlook for 2019. If you have any questions on the plans for this year please email me at Fleck@kereport.com and I will be happy to get those addressed.
Here’s the news…
Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (OM)(frankfurt:OB5) is happy to announce a summary of 2018 highlights and a 2019 corporate and exploration outlook.
Jeff Hussey, President and CEO, comments: “2018 was a very successful year in which we acquired and advanced projects that have the potential to create shareholder value in a short and opportune time frame — while zinc metal inventories are at critically low levels and with mid-term mine supply forecasted to be less than global demand. The acquisition of the Pine Point Mining Camp (“PPMC”) was completed in February and the Company immediately initiated the largest active drill program in the Northwest Territories, allowing for the rapid definition of a 38 Mt Inferred Mineral Resource Estimate grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb). Osisko Metals is now the only junior in the Americas with a resource of 5.5 billion pounds of zinc and lead that has excellent expansion potential.”
In the Bathurst Mining Camp (“BMC”), we increased our portfolio of projects centered on the Brunswick Belt and acquired the Key Anacon project, which had been privately owned since the 1950’s. Key Anacon has now developed into the most exciting base metal exploration and development project in the BMC following significant exploration success in 2018, and we will continue to build on this momentum in 2019.”
PPMC: Completed 55 kilometres of predominantly resource definition drilling and published a Maiden NI43-101 Mineral Resource Estimate (“MRE”) on December 6 [th] , only 9 months after the acquisition.
- A NI43-101 near-surface, pit-constrained Inferred MRE of 38.4 million tonnes grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb) that contains 3.9 billion pounds of zinc and 1.6 billion pounds of lead. (See December 6 [th] press release or listen to replay of Pine Point MRE conference call, here).
- As of December 31st, 2018, 605 drill holes totalling 41,379 metres of in-fill drilling were completed, but not included in the MRE, as these results arrived after the September resource cut-off date. This will convert a significant portion of the Inferred Resources into the Indicated category that can then be used for future economic studies.
- De-risking initiatives included metallurgical testing, mine planning, environmental baseline studies, including wildlife and archaeological studies, and ongoing negotiations with First Nations and Metis Nation groups. These initiatives will continue in 2019 and expand to include other areas of interest.
BMC (Key Anacon): Completed 49 kilometres of predominantly resource step-out, and definition drilling. Key Anacon is now the flagship project in the BMC. Future drilling will focus on expanding Key Anacon’s high-grade mineralization at both the Main and Titan Zones as mineralization remains open along strike and at depth. There is also 1.5 kilometres of highly favorable and poorly tested stratigraphy between the Main and Titan Zones.
At the Titan Zone, drilling confirmed continuous zinc and lead-rich mineralization to a vertical depth of 400 metres with a 200 metre strike length. The deposit extends over a strike length of roughly 1.2 kilometres and 1,100 metres depth. (See Key Anacon Titan Zone Longitudinal)
- Several massive sulphide intercepts, up to 85m in thickness, were drilled which included 22.2 metres of 6.07% Zn, 2.19% Pb, 0.92% Cu and 48.8 g/t Ag.
- Several zinc and lead-rich zones also included significant copper, such as: 21.75 metres of 0.96% Cu, 3.67% Zn, 1.44% Pb, 46.32 g/t Ag; another intersection returned 26.6 metres of 0.93% Cu, 1.79% Zn, 0.88% Pb, 19.08 g/t Ag as well as a third intersection that cut 20.9 metres of 1.84% Cu, 1.92% Zn, 0.65% Pb, 23.73 g/t Ag.
- A major high-grade Copper Zone is being outlined immediately adjacent to the north of the zinc+lead Titan Zone. It has a strike length of 1 kilometre and a dip extent of 400 to 800 metres, and offers excellent potential to become a significant copper resource. Highlight intersections in the central area include 3.6% Cu over 6.1 metres and another intersection at 2.71% Cu over 6.0 metres. (See Key Anacon Titan Zone Copper Longitudinal)
Main Zone drilling in 2018 intersected a new zone, located 30 metres below the historical resource boundary that consisted of 8.3 metres of massive sulphides grading 10.47% Zn, 3.47% Pb, and 92.0 g/t Ag. The Main Zone deposit remains open along strike and down dip. (see Key Anacon Main Zone Cross Section). In addition to several new intercepts along strike and at depth, drilling also cut 26 metres (true thickness) of 8.94% Zn, 3.14% Pb, and 98.4 g/t Ag in the Main Zone confirming the extremely high-grade core of the historical resources. This hole, along with two others (results pending), will all be used to validate the historical assays prior to a maiden MRE planned for H1 2019. This deposit has significant exploration upside potential.
- To better reflect his involvement in Osisko Metals, Robert Wares was named Executive Chairman.
- The management team and Board of Directors was reinforced by adding Anthony Glavac as Chief Financial Officer, Lili Mance as Corporate Secretary and Cathy Singer as an Independent Director.
- The Company completed $17 million in financing above market price in less than favorable market conditions.
PPMC: Definition drilling will continue and a separate brownfield exploration program will be initiated following the completion of a new site-wide digital compilation over the central portion of the project.
- The Company plans to continue drilling to meet the objective of upgrading the Inferred Mineral Resource to the Indicated category and to follow up on high priority brownfield exploration targets that will be tested following a planned airborne gravity survey. These will complement the new site-wide digital compilation and geological re-interpretation of historical datasets. Incorporation of the 2018 LIDAR topographical high precision survey data will help to further define structural controls associated with the distribution of high-grade mineralization. This was never done in the PPMC that has only been tested to an average depth of 75 metres. Favorable horizons within the flat lying stratigraphy exist to a depth of 300 metres and have been poorly tested. Such potential exists over more than 20 kilometres strike length.
- The next Indicated and Inferred MRE is planned for 2019 and the resource base will be used for future economic studies following the brownfield exploration program.
- The Company will also continue to work towards acquiring further historical resources in the PPMC.
- Key Anacon exploration and definition drilling will help to define high grade mineralization with the objective of upgrading the non-compliant historical resource of 1.87 Mt grading 6.93% Zn, 2.63% Pb, 0.16% Cu and 84g/t Ag, into a NI43-101 MRE Indicated and Inferred MRE slated for release in H1 2019.
- The Gilmour South deposit, including 2018 drill results, will be included in the upcoming Key Anacon MRE.
- Grassroot exploration will focus on, but will not be limited to, a planned airborne gravity survey area between Key Anacon and Brunswick Belt areas. Re-interpretation of Key Anacon volcanic stratigraphy has outlined a 25-kilometre extension of relatively untested, highly prospective Brunswick Horizon located to the east of the past-producing Brunswick No.12 mine. The Company extensively staked this area in 2018 and now owns 100% of the extension.
The Company has filed applications for a TSX listing in Canada and an OTCQX listing on the US Exchange. Guidance for the completion of these listings is end of Q1 2019. Following successful listings, the Company expects a significant increase in trading liquidity on both exchanges.
The Company raised $10 million dollars for Quebec base metal exploration slated for 2019. Currently established VMS base metal targets are being drill tested in the Lebel-sur-Quevillon area under the joint venture agreement with Osisko Mining.
A larger generative exploration effort in Quebec will follow this year on virgin target areas defined in 2018 based on a new exploration model developed for the Grenville geological province. The Company intends to issue a news release in the coming weeks detailing these plans as work advances and specific properties are acquired.
Mr. Robin Adair, Vice President Exploration of Osisko Metals Incorporated is the Qualified Person responsible for the technical data reported in this news release. He is a Professional Geologist registered in New Brunswick.
About Osisko Metals
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps. The Company’s flagship, the Pine Point Mining Camp (“PPMC”), located in the Northwest Territories, has a near-surface, pit-constrained Inferred Mineral Resource of 38.4 Mt grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb), making it one of the largest undeveloped zinc deposits in Canada. Within the Bathurst Mining Camp (“BMC”), located in northern New Brunswick, the Company is focused on drilling and developing the Key Anacon Project, which has a historical resource of 1.87Mt grading 6.93% Zn and 2.63% Pb (9.56% Zn+Pb) and which previously had only sporadic exploration work since the 1960’s. In 2019, the Company will continue to diligently develop and explore in order to confirm and grow both projects. In Quebec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration.
The above-mentioned historical resources for the Key Anacon Project, obtained from the New Brunswick Ministry of Energy, Mines and Petroleum Mineral Occurrence Database, do not conform to National Instrument 43-101 standards. The Company is reporting the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work to verify the historical estimates and a Qualified Person has not done sufficient work to classify the historical estimates as NI 43-101 compliant mineral resource. There is no guarantee that such work will allow conversion of such historical resources. The potential of the Key Anacon Project and the adjacent Osisko Metals claims are considered to be excellent based on the presence of this deposit hosted within the strike length of the favorable Brunswick Horizon, with alteration and folding typically associated in BMC deposits.
|For further information on Osisko Metals, visit www.osiskometals.com or contact:|
|Jeff Hussey |
President & CEO
Osisko Metals Incorporated
|Christina Lalli |
Director, Investor Relations
Osisko Metals Incorporated
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This sentiment overview was sent to me by Rick Bensignor a relatively new guest to the show and editor of the Bensignor Investment Strategies newsletter. His newsletter is more of an institutional letter but the themes remain the same for everyone.
As Rick notes figures above 84% bulls or beneath 16% bulls are considered extreme.
Remember sentiment very much follows markets but can tell us when we are at extremes. Right now we are seeing very few markets at extreme bullish or bearish levels which could continue in a muddle along fashion for the year. Simply just some food for thought I’m curious as to what all of you think about any of the markets outlined below.
These levels are all as of last Friday’s Close.
If you want any additional information on Rick’s newsletter please email me and I will put you in touch with him.
Maple Gold Mines just released the news highlighted below today. This new 3D model shows multiple untested higher grade zones that are below the current resource at the Douay Deposit. Clearly the Company will be following up on these untested zones but I will be getting more information from The President and CEO Matthew Hornor shortly. Please send me whatever questions you have to Fleck@kereport.com.
Here’s the news…
Montreal, Quebec–(Newsfile Corp. – January 16, 2019) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018). The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.
- New 3D model based on historical and new exploration results and re-interpretation of the existing and new mineralised envelopes, highlights numerous zones of higher-grade mineralisation throughout the 6km strike length of the Douay deposit (see Figures 1, 2)
- The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)
- The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)
- Additional mineralisation controls and orientations are related to the morphology of more local structures, syenite intrusions and their contacts
Matthew Hornor, Maple Gold’s President and CEO, commented: “Having a more thorough set of structural interpretations and a new 3D geological model establishes a foundation more in line with the standards of a major gold company and marks an important internal milestone for our technical team.”
Fred Speidel, VP, Exploration, added: “These new products have strongly encouraged us to pursue down-plunge extensions of higher-grade zones that continue below the current average depth of drilling at Douay. They will also allow us to more accurately target these higher grade zones in our subsequent drill programs.”
Figure 1: 2D representation of 3D structural model showing distribution of higher-grade mineralized zones (red), within lower-grade envelope (yellow), controlled by the two main sets of structures: the E-W Casa Berardi set (grey) and the NW-SE Douay set (blue). Note trace of longitudinal sections 100mN and 0mN as also shown in Fig. 2 below).
To view an enhanced version of Figure 1, please visit:
Figure 2: NW-SE long sections with drill-hole traces, looking NNE, with 25m projection corridor either side. Target areas shown as black ellipses/arrows. Section 100mN shows significant near-surface mineralisation in Porphyry Zone, with mineralisation deepening to the SSW (section 0mN). Section 0mN highlights two separate trends of higher grade mineralisation at Douay West, one of which (black arrow) may provide a link to the Porphyry Zone. Apparent closure of mineralised zones at depth reflects absence of drill data, not termination of mineralisation. 100m grid.
To view an enhanced version of Figure 2, please visit:
Additional updates pertaining to the new 3D model, pending resource estimate update and new priority drill targets will be provided shortly.
The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.
Quality Assurance (QA) and Quality Control (QC)
Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement
About Maple Gold
Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.
ON BEHALF OF MAPLE GOLD MINES LTD.
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
VP, Corporate Development
NEITHER THE 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 PRESS RELEASE.
Forward Looking Statements:
This news release contains “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.
Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
 Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project
Chris Temple joins me today to recap some significant news from yesterday. The Brexit vote failed by a wide margin however the markets more or less brushed it off. China is stepping in again to help save/support its markets which is helping the US markets as well. We wrap up the call by looking at the technical picture for the US markets and provide a general prediction of what this year will look like in a broad sense.
Sean Brodrick, Editor of the Supercycle Investor over at the Weiss Group shares where he is finding investment opportunities during this bear market. With a general bearish outlook on the broad markets Sean says dividend stocks in selective sectors typically perform well over these times. Also he like some of the gold stocks but is not going all in at this time.
Eastmain Resources President and CEO Claude Lemasson joins me today for a recap of a recent discovery at the Clearwater Property and the two other projects that were worked on last year. We also look ahead to the plans for 2019 and the cash position of the Company.
If you have any follow up questions for Claude regarding Eastmain please email me at Fleck@kereport.com.
I highly respect what Adrian Day has to say on the metals markets so when the deal between Newmont and Goldcorp was announced yesterday I reached out for a comment. We get into some of the finer details of the deal and find out who the real winner is.
Below is the news out today from Great Bear Resources that presents a 3D model of the Dixie Project. Please take a look at the model and send me any questions or comments you would like the Company to address (Fleck@kereport.com). There is also a conference call scheduled for Thursday at 11am PST that I will be attending to get a better understanding of the model.
Here’s the news…
January 14, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources (the “Company” or “Great Bear”, TSX-V: GBR) today provides a 3D model of gold mineralization drilled to-date at the Company’s 100% owned Dixie project. All previously reported drill results from the Dixie Limb (DL), Hinge (DHZ), and South Limb (DSL) zones are provided, in addition to the primary geological units.
Figure 1: 3D view of the geological model
The model represents an approximately 12 square kilometre area of the approximately 100 square kilometre Dixie property, from surface to 1 kilometre depth, centred on the area of most drilling, and includes (Figure 1):
- Mineralization models for the DL and DHZ/DSL zones
- Interpreted geological units from geological and geochemical data including: 12,008 litho-geochemical samples, 2,998 structural measurements, and 20,898 gold analysis
- Interpreted D2 fold axes which are related to mineralization
Additionally, the Company reports that its fully-funded 30,000 metre, 150-drill hole program has resumed after a brief break for the holiday season. The Company will mobilize a second drill rig early in 2019 in order to more rapidly drill the known mineralized zones and simultaneously test new gold targets. Results will continue to be released in batches as received.
A downloadable video of the model is provided on the Company’s web site at www.greatbearresources.ca/presentation. A live webinar to be hosted by Great Bear’s Director and Vice President, Exploration Mr. R. Bob Singh and Great Bear’s President and CEO Mr. Chris Taylor reviewing the digital model and results to-date, will be held at 11:00am Pacific Time on Thursday January 17, 2019. Participation instructions are provided below.
Mr. Taylor said, “Great Bear is completing a large number of drill holes throughout 2019 and 2020, totalling at least 30,000 metres. The Company is fully funded for this work and anticipates a very active sequence of news flow. We are providing a video of our current geological model due to high investor demand, and so that shareholders may more easily monitor our progress as we continue to explore the multiple gold zones at our flagship Dixie project. We would also like to invite any interested shareholders and potential investors to listen to myself and our Director and Vice President of Exploration, Mr. Bob Singh provide a live webinar detailing our results to-date on Thursday January 17th.”
Great Bear will host a webinar to discuss the Company’s recent results and the 3D model. The webinar will take place on Thursday, January 17 at 11:00am PST/2:00pm EST. Management will be available to answer questions following the presentation. Online access and dial-in numbers are as follows:
Readytalk Platform (access at the time of event):
- Access code: 5147677
- Canada: +1-647-722-6839
- United States: +1-303-248-0285
- Access Code: 5147677
A replay of the webinar will be posted on our website January 18 at www.greatbearresources.ca/media/
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 multi-kilometre gold mineralized structure and newly discovered gold-mineralized vein systems similar to those 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.
Note on the 3D Model
The model incorporates drill hole and geological data produced by Great Bear and historical data originating from a number of past explorers. Great Bear has conducted gyroscopic downhole surveys on its own drill holes which most accurately define their orientation, and continues to resurvey historical drill holes when these are located and are accessible for resurvey. The Company also continues to resurvey historical drill collar locations using a differential GPS as drill collars are located. Information regarding this work was provided in a news release on November 29, 2018. The Company has not undertaken a National Instrument 43-101 resource calculation and cautions that data provided in the 3D model is subject to change pending ongoing drilling and resurveying work.
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 Activation Laboratories Ltd. in Ancaster Ontario, and SGS Canada Inc. in Red Lake, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. 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 (QA/QC). No QA/QC issues were noted with the results reported herein.
Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person 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, 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