Great Bear Resources Ltd. (GTBAF)(GBR:CA) - A Tier One Gold Deposit in the Making?
Great Bear Resources Ltd. (GTBAF)(GBR:CA)
A Tier One Gold Deposit in the Making?
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.
Initiating coverage. We are initiating coverage of Great Bear Resources Ltd. Great Bear’s Dixie Project, located in the prolific Red Lake Mining District in Ontario, Canada, offers the potential to become one of the world’s few Tier 1 gold mines. Tier 1 gold mines are generally defined as those that produce at least 500 thousand gold ounces per year, a mine life exceeding 10 years, and costs in the lower half of the industry cost curve. While the company has not published a maiden resource estimate, based on drilling results over the life of the project, we estimate mineral endowment potential of at least 10.0 million gold ounces with significant growth potential.
Exploration program yielding significant discoveries. The Dixie project includes several gold-bearing zones, including the LP Fault, Hinge, and Dixie Limb zones. Currently, most of the company’s drilling activities have focused on the LP Fault. The company has released results for 283 LP Fault drill holes and anticipates at least 117 additional LP fault drill holes will be completed by the end of ...
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.