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 (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.
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.
Click here to visit John’s site. It is a valuable resource for all metals investors when researching any individual company.
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.
Click here to read over the recent news release. And remember please email me with any further questions for Chris regarding Great Bear.
Also here is figure 1 that we discuss on the interview.
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.
Exclusive Company Updates This Week
- Riverside Resources – More information on the land acquired in Ontario
- Goldplay Exploration – More information on the high grade gold intercept at the Faisanes Target
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.
Click here to visit the Great Bear website and read though the full news release. We outline Figure 1 in the interview.
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.
Click here to visit John’s site. It’s well worth your time if you are an investor in the junior space.
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.
Great Bear Resources (TSX.V:GBR & OTC:GTBDF) released news yesterday outlining assay results from drilling at the Dixie Limb Zone. The results were some high grade intercepts that the Company is classifying as a new discovery.
I chatted with the President and CEO Chris Taylor about the importance of the high grade results and why they are considering this a new discovery. We also discuss how these results have changed the way the Company is looking at this zone for future work. In the middle of the 60,000 meter drill program there will be some follow up work on this area as well as more exploration drilling at the Hinge Zone and other targets around the property.
Please email me if you have any other questions for Chris or I regarding Great Bear and the plans moving forward – Fleck@kereport.com.
GoldON Resources (TSX-V: GLD) announced this week its desire to earn an initial 60% interest and a subsequent 100% interest in Great Bear Resources’ (TSX-V: GBR) West Madsen gold property in Ontario.
To pursue its initial goal, GoldON has entered into a binding Letter of Intent with Great Bear. The document stipulates that GoldON has to invest at least $1.2 million in exploration on the property through a 3-year period; pay Great Bear $145,000 in cash in different installments during the first two years, and issue 875,000 common shares of GoldON to Great Bear through the first two years of the option agreement.
For the initial 60% interest, the Victoria-based miner would have to invest $1.2 million in exploration on the property.
According to a press release issued by GoldON, to acquire the remaining 40% interest, the company would have to incur in additional exploration expenditures on the property of at least $750,000 on or before the fourth anniversary of the signing of a definitive agreement, and pay $500,000 cash or issue 500,000 shares to Great Bear at GoldON's election around the third anniversary of the signing of the deal.
The expanded West Madsen gold project is located in Ontario’s Red Lake Gold District and comprises two claims blocks measuring roughly 6 kilometres by 3 kilometres in size, for a total area of 3,860 hectares.
Great Bear’s information states that the project is a newly identified geological continuity of the greenstone belt within the Balmer and Confederation assemblages, which are host to the adjacent historical Madsen and Starratt Olsen mines. “Results from neighboring Pure Gold’s Madsen project, reported September to November 2016, include 126.6 g/t gold over 3.7 metres; 34.0 g/t Gold over 11.0 metres; 25.4 g/t gold over 8.0 metres; and 76.0 g/t gold over 2.1 metres,” the company’s brief reads.
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