Company Updates From Management – Fri 25 Oct, 2019

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.

Click here to read over the full news release.


Comments:
  1. On October 25, 2019 at 9:47 am,
    CFS says:

    Auryn drills 30 m of 0.67 g/t Au at Committee Bay
    2019-10-25 07:20 ET – News Release
    Mr. Ivan Bebek reports

    AURYN DRILLS GOLD-BEARING HYDROTHERMAL SYSTEM AT COMMITTEE BAY
    Auryn Resources Inc. has provided results from the seven-hole, 2,700-metre summer drill program at Committee Bay. The company drilled a new gold-bearing hydrothermal system and made significant progress in geophysical targeting. At the Shamrock target Auryn intersected 30 metres of 0.67 gram per tonne gold, including 1.5 m of 5.03 g/t gold, which is characterized by quartz veining within gabbroic rocks. The Shamrock target is located 2.5 kilometres to the southwest of the Aiviq target where the company drilled 10.5 metres of 1.22 g/t gold this summer.

    • On October 26, 2019 at 2:22 am,
      Excelsior says:

      (MKO) (MAKOF) Mako Mining

      Infill Drilling at San Albino Intersects 59.48 g/t Gold Over 2.1 Meters (estimated True Width) Five Meters from Surface

      by @newswire on 17 Oct 2019

      https://makominingcorp.com/news/index.php?content_id=125

  2. On October 25, 2019 at 9:49 am,
    CFS says:

    Corvus Gold Makes New Vein System Discovery at Cat Hill, North Bullfrog Project, Nevada
    October 23, 2019

  3. On October 26, 2019 at 2:06 am,
    Excelsior says:

    Cory – Good interview here with GBR and it was nice to hear Chris’s reasoning on why they spun out the NSR into the subsidiary and the benefits this may represent to shareholders down the road. It is a unique approach, and I’d like to see more mining companies thinking outside the box in their business strategies.

    Cheers!