They just keep expanding… Great Bear Resources
This is one of the greatest stories over the past year. That is not overstating or promotional. This is the real deal. The company has been stepping up and out expanding zones, and targets with a systematic approach. One of the big questions I continue to hear is if it is too late to get into the stock. It was not too late the first-time people asked me 6 months ago and it is still prime time for buying. This company is growing and expanding and unless a major comes along and stops their growth by making an attractive offer, I see this as being a continued success. The company continues to extend and detail the Dixie and Bear-Rimini zones but also uncovered a new zone named Auro. The LP Fault target is roughly 18 km long and this news release uncovers the gold mineralization of 3.2 km of that fault.
Here are the highlights of the news:
· Multiple gold discoveries along the 3.2 km fault at the Dixie site. This new zone named Auro is 2.6 km step out from Bear-Rimini intersects 101.7 g/t over 1.5 meters. All drill holes that intersected the LP Fault also intersected gold.
· Wide intervals of disseminated gold at all three zones: Yuma, Auro and Bear-Rimini with gold at near surface levels. The Yuma Zone has been extended from near surface to 480 meters vertical depth and remains open to extension.
· The LP Fault deformation zone is similar in character to other large gold-hosting deformation zones in Archean greenstone belts. Well-known Canadian examples include the Larder Lake Cadillac Break that extends through Kirkland Lake and Val D’Or, the Porcupine Destor Fault Zone of the Timmins Camp, the Detour Lake Fault Zone, the Pike Fault in the Meliadine camp of Nunavut, and the Cochenour-Gullrock deformation zone of the Red Lake Mine complex.
You are still not too early for this stock. President and CEO, Chris Taylor has been telling us that he would drill aggressively and expanding targeted zones:
“…we have now confirmed gold in all drill holes that intersected the fault along 3.2 kilometres and will continue aggressive step-out and step-down drilling until we find the system’s limits. We plan to have drilled along most of the LP structure by this time next year, and, are already fully funded for this work.”
The company still has $18 million for continued expansion and drilling. They are not slowing down.
What is telling is that the geology is revealing similar alterations and aspects shared by other Archean greenstone mesothermal/structural major gold camps John Robins, Advisor to Great Bear said,
“Great Bear’s recent discoveries south of Red Lake appear to have the hallmarks of an emerging district-scale gold camp.”
In short, this is an advanced stage exploration company that is a standout in the mining sector. It is a standout in any sector especially considering theses highly volatile markets. Most investors are still not aware of the company; yet, it is meeting milestones, beating expectations, and providing exceptional guidance and results. There is a great deal of growth left for the company and the stock. You are not too early, and you are not too late…for risk and reward it is just right.