GTBAF - Great Bear Resources Ltd. (GTBAF)(GBR:CA) - Getting a More Complete Picture Great Bear to Host Investor Webinar on June 7
LP Fault drilling program results. The company released two new detailed high-grade domain long sections adjacent to the north of the previously released BR7 domain, along with drill results from 18 new LP Fault drill holes. Including recent results, Great Bear has released 318 LP Fault drill holes to date and expects to complete 400 by year-end. The company is modeling 17 distinct high-grade gold domains within the broader LP Fault gold mineralized system. Together, they encompass a strike length of 4.2 kilometers and occur within eight larger lower grade domains.Highlights from recent drill results. Recent drill results continue to affirm high-grade and bulk-tonnage gold mineralization at the LP Fault. All 18 drill holes intersected gold mineralization. Hole BR-311 returned 61.2 grams of gold per tonne over 1.1 meters within a broader interval assaying 3.9 grams of gold per tonne over 32.4 meters, while Hole BR-321 returned 29.5 grams of gold per tonne over 2.5 meters within a broader interval assaying 2.1 grams of gold per tonne over 49.3 meters. The company expects to publish a maiden resource estimate in early 2022.Great Bear to host investor webinar. On June 7th at 2:00 pm ET, management will host a webinar to provide an update on the company's drilling program and answer questions about the Dixie project. Investors may register here.Rating is Outperform. The Dixie project includes several gold-bearing zones, including the LP Fault, Hinge, and Dixie Limb zones. Currently, most of the company's drilling activities have focused on the LP Fault. Great Bear accelerated option payments on regional Red Lake area projects, including Pakwash, Sobel, and Red Lake North. The company now owns 100% of its Red Lake projects. We think the current share price offers an attractive entry point. While the maiden resource estimate will act as a major catalyst, we think investors could begin establishing positions ahead of it, especially if management is able to provide more details regarding a conceptual mine plan and its assessment of resource potential. Read More >>