Thursday, May 20, 2021
Great Bear Resources Ltd. (GTBAF)(GBR:CA)
High-Grade Zones Coming Into Clearer View
Noble Capital Markets research on Great Bear Resources is published under ticker symbols GTBAF and GBR:CA. The price target is in USD and based on ticker symbol GTBAF. Great Bear Resources Ltd 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, Pakwash property, and Sobel property.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Getting more granular. Great Bear released additional drill results which featured high-grade gold intercepts with significant drill indicated core lengths, and reinforced the continuity of high-grade and bulk-tonnage gold mineralization within the LP Fault. Including results for the most recent 17 drill holes, Great Bear has released 300 LP Fault drill holes to date and expects to complete 400 by year-end. The company is modeling 17 distinct high-grade gold domains within the broader LP Fault gold mineralized system. Together, they encompass a strike length of 4.2 kilometers and occur within eight larger lower grade domains. Importantly, Great Bear provided a detailed long section of the upper portion of one of the high-grade domains, a summary of all drill results within the long section, and detailed maps of the high-grade domains within the broader LP Fault gold system.
Positive implications. The release of more detailed information about the distinct high-grade gold domains should make it easier for investors to gauge the project’s mineral resource potential. Additionally, it has implications for mine planning as we think the company may have the ability to size a smaller mill and focus on higher grade material initially which could result in robust project …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.