Movers and SHAKERS
Great Bear Resources Ltd. (GTBAF)(GBR:CA)
Phase 2 Drilling Expected to Commence in August
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.
Completion of Phase 1 drilling. Since May 2019, Great Bear has completed 440 drill holes, representing 222,500 meters of drilling, at the LP Fault. The company’s Phase 1 drill program is largely complete to an average of 450 meters depth over ~4 kilometers of strike length. Of the 440 drill holes, results for 109 remaining are expected to be released during the next several months. The company expects to publish a maiden mineral resource estimate by the end of the first quarter of 2022. In total, Great Bear has completed 630 drill holes into all four gold zones since drilling commenced in the summer of 2017.
Phase 2 expected to commence in August. Great Bear expects to begin Phase 2 drilling in the second week of August. The program will include expansion drilling of the LP Fault below 450 meters depth and along strike, additional infill drilling of the upper 450 meters of the LP Fault, expansion and infill drilling of the Hinge, Limb, and Arrow zones, and testing of new regional targets ...
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.