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SUMMARY:Great Bear Resources (GBR.V)
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DTSTART:20191121T100000
DTEND:20191121T103000
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DESCRIPTION:<strong>Great Bear Resources (GBR.V)</strong>&nbsp; is a gold exploration company. It explores for mineral properties in the Red Lake District in Ontario, Canada. Its property portfolio includes Great Bear's Red Lake Properties with the flagship Dixie project as the focal point of exploration.<br />
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The flagship Dixie project is a large high-grade gold system from surface, located beside a highway and a powerline, and is<br />
accessible year-round The Dixie Project &ndash; where in the last two years, there have been five high-grade gold discoveries - the Dixie Limb zone, the Hinge zone, the Bear-Rimini zone, the Yuma zone and the Auro zone.&nbsp;<br />
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In July 2017, the company entered into a purchase agreement with Newmont Mining to acquire Newmont&rsquo;s 33% stake in the project for $80,000 in total cash payments over 4 years.<br />
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In September 2017, the company acquired an additional 26 minerals claims and today the Dixie property covers 9,140 hectares.<br />
In November 2018 Great Bear completed the purchase of 100% royalty -free interest in the Dixie Gold Project, Red Lake Ontario.The above results prompted a $6 million investment by Rob McEwen and McEwen Mining, as part of a $10 million financing completed in September 2018. Combined with historical drilling, over 198 drill holes for 30,000 metres have been completed at Dixie. Over the last year and a half, the drill program plan has increased to up to 90,000m.<br />
<img src="https://vconf_materials.s3.amazonaws.com/img/clients/great-bear.png" alt="" />
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