Big news out of Kirkland Lake and Detour Gold. Also comments on Great Bear and Novo
John Rubino joins me today to discuss some of the resource companies that are catching his eye. We start with the news today of Kirkland Lake buying Detour Gold for $4.9billion in an all cash deal. We then look down the food chain to some of the more advanced explorers. Great Bear Resources and Novo both released news recently that we comment on.
Please send me any company questions and I will do my best to get them answered. My email is Fleck@kereport.com.
Great Bear Resources – A quick discussion on the strategy behind spinning out a 2% NSR
Great Bear Resources (TSX.V:GBR & OTCQX:GTBDF) surprised the markets yesterday by spinning out a 2% net smelter royalty (NSR) on the Dixie Project. To follow up on this news I chatted with the President and CEO Chris Taylor focusing mostly on the strategy behind creating and spinning out an NSR. There are a few key aspects the Company considered that lead to this announcement.
Great Bear Resources – Summarizing The Overall Scale Of The Dixie Project
Chris Taylor, President and CEO of Great Bear Resources joins me to address some of the questions that came in over the past couple weeks regarding the selloff in the stock. A large shareholder, McEwen Mining is going through a cash squeeze and was forced to sell its over 1million shares. We also discuss the work underway at the Dixie Project with a focus on the overall scale of the potential deposit. This ties into a couple comments on the M&A environment focused on majors.
Great Bear Resources – Updates on recent drilling and conversations with majors
Great Bear Resources (TSX.V:GBR & OTCQX:GTBDF) released news yesterday focused on recent drilling of 14 fences between some of the new discovery zones. Chris Taylor, Great Bear President and CEO joins me outline the significance of the recent drilling in tying together the Bear-Rimini, Auro, and Yuma zones. We also recap the recent Beaver Creek and Denver Gold Shows for the Company. A lot of investors are wondering about the possibility of a major coming into the stock.
If you have any follow up questions for Chris please email me at Fleck@kereport.com.
Thoughts on Great bear Resources and Westhaven Ventures
John Kaiser, Founder of Kaiser Research joins me to weigh in on Great Bear Resources and Westhaven Ventures. Great Bear in particular continues to have a lot of eyes on the stock and at the Beaver Creek Conference this was evident buy all the comments I heard. John shares his thoughts on the LP Fault target that continues to be expanded by the recent drilling.
As for Westhaven, the team had some trouble following up on the nice discovery hole from last year but over the past three months the stock has started to tick up again. With a private placement underway we look forward to the next round of drilling.
Great Bear Resources – More information on the new Auro discovery
On Tuesday Great Bear Resources (TSX.V:GBR & OTC:GTBDF) released another round of drill results which resulted in another new gold discovery at the Dixie Project. Chris Taylor, Great Bear’s President and CEO joined me to outline some of the highlights and answer my questions. We discuss the potential scale of the resource, the work that is ongoing, and what investors can look forward to.
Hour 1 – Rick Bensignor, Marc Chandler, and an update from Great Bear Resources
This week was full of news events that drove markets. The Fed started us off on Wednesday with a rate cut but not the promise of future rate cuts. Trump quickly followed with more China tariffs that turned a markets in the opposite direction.
There’s a lot of information in this weekend’s show that considers the markets and politics around the world. Even though the guests I feature this week are both generalists they both have some very interesting comments on the gold market.
I was also at the Sprott conference for most of the week. I will have a few company interviews coming out next week but in this weekends show we do get an update from Great Bear Resources.
Please keep in touch by emailing me at Fleck@kereport.com. I love hearing form all of you and thank you to everyone who stopped to chat the Sprott show!
Segment 1 and 2 – Rick Bensignor, Founder of Bensignor Investment Strategies shares his thoughts on the US markets and bond market as well as the gold market. Take note of the global factors he discusses.
Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx takes a close look at the US dollar in light of all the news this week.
Segment 4 – We get an update from Great Bear Resources President and CEO Chris Taylor. Great Bear released news yesterday which we follow up on to summarize the exploration this year.
Great Bear Resources – Continuing to expand the resource with high grade drill results
Yesterday Great Bear Resources (TSX.V:GBR & OTC:GTBDF) released drill results that hit high grade gold mineralization extending the Hinge Zone. The extensions include 440 meters down plunge and 150 meters away from the nearest high grade past drill result. This follow another recent news release where the Company announced a new discovery at the Bear-Rimini area – click here to listen to an interview covering those drill results.
Great Bear’s President and CEO Chris Taylor joined to shares some more details on the 11 holes that were released and look ahead to the drilling still to come. We also touch on the recent private placement that give the Company more than enough money to complete the 90,000 meter drill program that is currently underway.
If you have any follow up questions for Chris or I please email me at Fleck@kereport.com.
Thoughts on Great Bear, Westhaven, and Nevada Exploration
John Kaiser, Founder of Kaiser Research Online joins me to look at a couple exploration companies with drill programs underway. The handful of standouts in the resource space over the past few years have largely been exploration companies that drilled high grade intercepts in safe jurisdictions. All the companies outlined fit this profile but are at different stages of exploration.
Great Bear Resources – More Information On A New High Grade Gold Discovery
Yesterday Great Bear Resources (TSX.V:GBR & OTC:GTBDF) released a drill result from a new area (Bear-Rimini target) on the Dixie Project. This target is 2.5kms northwest of the Hinge Zone and is truly a new discovery for the Company.
Chris Taylor, President and CEO of Great Bear joined me to dive into the drill result. We discuss what drew the team to that location and the importance of the LP Fault (outlined in Figure 3 of the news release).
Please comment or email me (Fleck@kereport.com) with any other questions for Great Bear.