Great Bear Resources Exploration Update On the LP Fault Zone, Testing The Gap, And Potential At Depth
Chris Taylor, President and CEO of Great Bear Resources (TSX.V:GBR – OTCQX:GTBAF) joins us for an update on the recent high-grade drill results announced on August 25th from the LP Fault on the Dixie Project, in the Red Lake District in Ontario. We discuss how these results reinforce the continuity of the mineralization at both ends of the drill grid, and that the Company is also encouraged by the continuous mineralization after testing the gap zone between the Central and Discovery areas. Next Chris discusses the potential of the deposit to grow at depth and comments on the high grade analogs in other deposits being mined at depth in Red Lake. We wrap with a review of why the wide intercepts of continuous bulk tonnage amenable drill results are every bit as important for scale, as the high grade center of the deposit, for building a potential long-life economical deposit, as they move towards their maiden resource estimate in 2022.
Please email us with any follow up questions for Chris regarding Great Bear at either Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Great Bear website for a summary of recent news.
Thanks for those comments David and yes, agreed that the size and scale of what Great Bear has been drilling, with over 400 holes in now, has all the indications of being a truly district scale tier 1 deposit in the making. Their exploration team has done a fantastic job, and the hits keep rolling in… It will be fun to continue following along as they move towards their maiden resource estimate next year, but also continue to grow at depth and along strike to grow the known mineralization beyond what will be included in the initial resource estimate.
Great Bear Update with Eric Coffin – Aug 25, 2021
Chris Taylor Updates Investors on Great Bear Resources (GBR) (GTBAF)
Aug 26, 2021 – Jay Taylor
DocJ’s favorite comparable to Emerita is Great Bear.
Well, they both are very well-endowed deposits and should both be quite economic and will likely both be economic mines.
The HUI and silver are almost guaranteed to hit their 400 WMAs and may dip below them. That MA for the HUI is currently at 206 while for silver it’s at $18. They may not get there in a straight line, but I don’t think it will be months, more like weeks.
I do believe they will bounce around between the 400 WMAs and the 200 WMAs for 1.5 years before going parabolic for 2 years.
You can see this same exact pattern in some of grains like wheat and corn between the years 2002-2008. Silver should hit at least $100 and probably will get close to $150, perhaps in 2025.
Bottom line is there are still too many people who think silver is headed to the moon imminently. When it crashes, the longs here will be baying for blood. To add insult to injury, it will likely consolidate at those lower levels for over a year before finally going parabolic with basically no one on board.
I’m not sure where gold is going to go, but I don’t think the GSR is going to blow out like it did in 2021. Assuming $18 silver and a GSR of 82, that puts gold at $1475.
The could be accompanied by some sort of stock market meltdown, but I could be very wrong about that call–I’m definitely the least sure about that call. Corn and Wheat basically crashed in 2004 while the stock market marched higher and higher. It wasn’t until about 2 years later before they began their parabolic moves.
When silver does go parabolic sometime in the next 2 years, I suspect that might correspond to a stock market peak. Either that of a total breakdown of the monetary system, which means the all bets are off with respect to any asset priced in USD.
meant to say “blow out like 2020.”
The silver miners have been telegraphing silver’s imminent move lower since the peak in 2020, when they inexplicably failed keep up with silver when silver went parabolic.
This has been the ugliest choppiest bull market in metals in probably the last 40 years. I expect very few have been able to hang on. A completely counterintuitive move lower is needed to generate the sentiment needed for a parabolic move in the metals. As I said, everyone is expecting a moonshot in silver because of all of the money printing. It will come but not before going lower that 99% of bulls think possible.
Spanky, you again?
It sure sounds like him…
The cannabis stocks we’re another pipe dream. Pot smokers and cannabis lovers broken boulevard of dreams. Nothing but major losses even lately. Buying dem dips. Johnny come latelies after all the insiders cleaned up they we’re all in early in the beginning of about 2018.
FOMO buying all the way up at high valuations and riding it all the way back down to pennies on the dollar. That’s what pot will do to your brain.
Excellent interview and Great Bear never disappoints. It is my second biggest holding at the moment, but it has funded much of my portfolio over the last several years. In my mind it has the potential to be a Tier One but like all miners, has been held back by price suppression. Somehow, the computers got bored with drill results of nothing but quality drills. They “filled the gap” which is a term that has measurable physical ramifications in this case. Chris Taylor and Team has grown this company and resource to being potentially one of the best. Looking forward to the first resource estimate. Many believe this is a top dollar project. I am far from an expert on anything, but I like that thought. For those not familiar with Great Bear…worth some research.