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Great Bear Resources – Recapping the high metallurgical test results from the LP Fault of 95.2%-99.2%

Cory댊
October 29, 2021

Chris Taylor, President and CEO of Great bear Resources (TSX.V:GBR – OTCQX:GTBAF) joins us to recap the news released on October 25th highlighting preliminary metallurgical test results from the LP Fault. Recoveries came in between 95.2% to 99.2% across all gold grade.

 

We have Chris explain the significance of these results. We discuss the high recoveries at all grades and how all the zones seem amenable to processing through the same extraction circuits. This all leads to assumed lower costs to mine.

 

We discuss the ongoing exploration program that will lead to the upcoming resource estimate that is still on schedule for next year. 

 

If you have any follow up questions for Chris please email us at either Fleck@kereport.com or Shad@kereport.com.

 

 

 

Click here to visit the Great Bear website and read over the full news release.

Discussion
7 Comments
    Oct 29, 2021 29:20 PM

    Chris Taylor is one of my favorite CEOs. He does an excellent job of presenting factual data. Seems to have the shareholdesr in mind when developing the property. Great Bear is a good one and I would expect a excellent offer down the road. We will see.

      Oct 29, 2021 29:32 PM

      Agreed Lakedweller2. Chris Taylor is a class act, and Great Bear is best in class for gold exploration projects over the last few years. Now all eyes will be on their resource estimate that comes out in the first half of 2022, and this recent metallurgical success and great recovery rates take away any concerns investors may have had for a project like this to be developed, as does that free milling gold component being amenable to a gravity circuit on the front end. This will bode well for their economic studies going into later 2022-2023. Lots of milestones left to grow value, that I hope they realize before one of the big boys picks them off (at much higher prices).

    Oct 29, 2021 29:37 PM

    Research Capital Corp – Speculative Buy write up on Great Bear Resources:
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    > They increased their target from $36 per/share to $40 per/share. Gotta love it!
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    https://cdn-ceo-ca.s3.amazonaws.com/1gnobu7-Screen%20Shot%202021-10-29%20at%201.30.30%20PM.png

    Oct 29, 2021 29:51 PM

    In theory, how fast can this go into production? Yes, it is a hard question to speculatre about. But a fun one.

      Oct 29, 2021 29:17 PM

      My speculation would be 2-3 years, but it will likely be one of the big boys that takes it into production.

        Oct 30, 2021 30:46 AM

        Thanks. That’s pretty fast. But who has ever heard of delays in mining, he he? Really looking forward to see if they will start hitting new gold zones in new areas next year. If they are still around then. The take out is inevitable imho. Exciting times for sure. Again, thanks for another stellar interview.

          Oct 30, 2021 30:37 PM

          Thanks ULF the Wolf. Yes, Chris is always a pleasure to speak with and it is a lot of fun following along with the success Great Bear is having.
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          My 2-3 years to start construction on the open pit mine would be predicated on a good maiden resource estimate in Q2 of 2022, a PEA in late 2022 or early 2023, a takeover by one of the big boy producers in 2023, and a construction decision by late 2023 or moving into 2024.