TSX-V: GBR
VANCOUVER, BC, Nov. 24, 2021 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) today
reported drill results from its 100% owned flagship Dixie Project,
in the Red Lake district of
Ontario.
Chris Taylor, President and CEO
of Great Bear said, "We recently resumed drilling near the Hinge
and Limb zones and discovered a new, high-grade gold zone
west of those targets. The new "Midwest" zone closely
resembles the style of gold mineralization observed at the Dixie
Limb zone; both occur at the sheet-like contacts between different
basalt units and consist of silica-sulphide replacement style
mineralization including high-grade gold. Several historical
holes which tested the Limb zone, did not penetrate far enough to
the west to intersect the Midwest zone. In addition to
drilling other new, untested basalt contacts, the Company will
re-enter and extend previously drilled holes into the Midwest
area. Additionally, ongoing drilling of the LP Fault zone
continues to return significant gold intervals at depths ranging
from bedrock surface to over 600 vertical metres."
New Midwest Zone Drilling Highlights
- Drill hole DL-071 intersected the new "Midwest" zone,
located 275 metres northwest of the Hinge zone and 250 metres south
of the Dixie Limb zone, assaying 20.27 g/t gold over 1.75
metres from 812.35 to 814.10 metres downhole. The total
mineralized interval was 5.69 g/t gold over 7.05 metres from
809.95 to 817.00 metres downhole. Table 1.
- The new discovery consists of high-grade gold in
silica-sulphide replacement alteration at the subvertical
planar contact between two basalt flows and is most similar to
the Dixie Limb zone in style.
- Until this discovery, it was thought that the only mineralized
basalt-basalt contact occurred at the Dixie Limb zone. It is now
confirmed that additional basalt-basalt contacts can also localize
silica-sulphide replacement mineralization including high-grade
gold.
- Great Bear's drilling and geophysical data suggest
additional basalt-basalt contacts may occur within the mafic
volcanic package southwest of the LP Fault zone, defining new
drill targets.
All significant gold zones at Dixie occupy a 1.4 kilometre
wide "dilation zone" shown on Figure 1, where many
geological contacts and structures are mineralized. A report on
seismic surveys by Zeng and Calvert, 2006 presents an interpretation that
this structural zone reaches the base of the continental crust. At
the Dixie project, the zone contains a broad structural corridor
with more than 18 kilometres of strike length. Gold has been
drilled along 11 kilometres of strike length to date. In
addition to ongoing drilling of the LP Fault, Phase 2 drilling
will continue to test various new targets such as the new Midwest
zone within this broad structurally dilated and mineralized
corridor.
New LP Fault Drilling Highlights
Ongoing LP Fault drilling continues to systematically
expand gold mineralization, including at depth. Current
drill holes targeted the zone at various points along 2.9
kilometres of strike length, between bedrock surface and
approximately 600 metres vertical depth. Table
2.
New drilling primarily targeted 1) extensions to the 23
high-grade domains currently being modeled, including at depth, and
2) the lower-grade halo up to 200 metres from the centre of the
zone. Gold mineralization is typically strongest within, and
proximal to, the high-grade domains that occur towards the centre
of the zone. Highlights include:
- Drill holes BR-406 and BR-407 increase the drilled depth of the
LP Fault gold zone to approximately 450 metres vertically from
surface on their drill section. Results include:
-
- BR-406: 66.30 g/t gold over 0.50 metres from 407.30
metres to 407.80 metres downhole. This occurred within a broader
interval assaying 6.15 g/t gold over 7.20 metres from 406.80
to 414.00 metres downhole.
- BR-406: 42.60 g/t gold over 0.50 metres from 452.15 to
452.65 metres downhole. This also occurred within a broader
interval assaying 3.24 g/t gold over 12.25 metres.
- BR-406: The total mineralized interval was 2.03 g/t gold
over 45.85 metres from 406.80 to 452.65 metres downhole.
- BR-407: 11.29 g/t gold over 3.00 metres from 496.00 to
499.00 metres downhole, which occurred within a broad interval of
4.55 g/t gold over 25.50 metres from 473.50 to 499.00 metres
downhole.
- BR-407: The total mineralized interval was 1.83 g/t gold
over 91.35 metres from 430.40 to 521.75 metres downhole.
- Shallower LP Fault drill holes were also completed to fill in
gaps of up to 100 metres in past drilling. Drill hole BR-426
intersected several high-grade, mid-grade and low-grade gold
intervals over 150.20 metres of core length, consistent with
previously reported continuity of gold mineralization in this area
(see news releases of June 3, 2021
and September 9, 2021). Results
include:
-
- BR-426 collared in a broad low-grade gold interval from bedrock
surface assaying 0.59 g/t gold over 65.70 metres from 28.50
to 94.20 metres downhole.
- It also intersected high-grade gold assaying 16.07 g/t gold
over 3.70 metres from 174.30 to 178.00 metres downhole. The
broader mineralized interval was 3.10 g/t gold over 28.30
metres from 165.20 to 193.50 metres downhole.
- Shallow drill hole BR-438 intersected several mineralized
intervals over 258.10 metres of core length, including:
-
- 32.40 g/t gold over 0.50 metres from 72.10 to 72.60
metres downhole, within a broader interval assaying 1.62 g/t
gold over 11.20 metres from 66.70 to 77.09 metres
downhole,
- 24.84 g/t gold over 0.90 metres from 128.35 to 129.25
metres downhole, within a broader interval assaying 6.00 g/t
gold over 3.90 metres from 128.35 to 129.25 metres
downhole,
- 37.50 g/t gold over 1.00 metre from 153.60 to 154.50
metres downhole, within a broader interval assaying 2.53 g/t
gold over 16.70 metres from 147.60 to 164.30 metres downhole,
and
- 40.00 g/t gold over 1.50 metres from 323.30 to 324.80
metres downhole.
- Shallow drill hole BR-463 intersected near-surface high-grade
gold assaying 21.00 g/t gold over 1.10 metres from 49.60 to
50.70 metres downhole. The broader mineralized interval was 8.38
g/t gold over 4.20 metres from 46.50 to 50.70 metres
downhole.
- Upcoming LP Fault drill results include direct targeting of
high-grade domains such as BR7 at depth (see news release of
May 19, 2021). Assay results are
pending.
Grid Drilling the Hinge, Limb and Midwest Area
Results from the Hinge and Dixie Limb zones were last reported
on May 11, 2020 (Dixie Limb
zone: 10.19 g/t gold over 19.00 metres from 1,008.55
metres downhole), and December 9,
2020 (Hinge zone: 15.18 g/t gold over 4.90
metres from 1,190.00 metres downhole). The Company has
focused more than 90% of its drilling on the adjacent LP Fault zone
throughout 2020 and 2021.
Great Bear has begun a new grid-based drill program on 25 –
100 metre centres in the Hinge, Limb and Midwest zone area
which will support detailed mineral resource estimation drilling of
these zones later in 2022. Grid drilling is initially expected
to cover an area of approximately 400 metres of strike length by
600 metres of vertical extent, as shown in Figure 2.
The purpose of grid drilling is to collect gold mineralization
results, together with geological and oriented structural data that
will be used to target steeply-plunging high-grade gold
zones with shoot-like geometries that comprise the primary
targets within each of these zones, throughout 2022.
The new Midwest zone was discovered in a previously undrilled
area in a 200 to 300 metre step-out hole near the western margin of
the newly planned drill grid. Figure 2 and Figure
3.
The Hinge zone was discovered by Great Bear in 2018 (see news
release of August 22, 2018) and
consists of multiple sub-parallel "Red
Lake style" high-grade gold-bearing, anastomosing quartz
veins hosted by mafic rocks. High-grade gold frequently
concentrates in steeply-plunging shoot-like mineralized zones, as
is typical in the Red Lake
district.
The adjacent Dixie Limb zone was discovered by Teck Resources
Ltd. in the 1980's and was the first gold zone explored by Great
Bear (see news release of September
7, 2017). The Limb zone consists of silica-sulphide
replacement mineralization containing mid- to high-grade gold
located at the subvertical contact between two basalt
units.
Table 1: Dixie Limb, Hinge and Midwest
zone drill results from expanded drill grid. Multiple
gold-bearing veins and mineralized contacts occur in this
area. Grid drilling will define areas to focus upcoming
detailed definition of the high-grade "shoot-like" mineralized
zones that are the primary targets in this area.
|
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Zone
|
|
DL-065
|
|
779.30
|
788.50
|
9.20
|
1.78
|
Limb
|
|
including
|
786.00
|
788.50
|
2.50
|
4.66
|
Limb
|
|
and
including
|
787.25
|
788.50
|
1.25
|
6.39
|
Limb
|
|
and
|
976.45
|
977.30
|
0.85
|
6.70
|
Hinge Vein
1
|
|
and
|
984.35
|
989.00
|
4.65
|
3.15
|
Hinge Vein
2
|
|
including
|
985.75
|
987.50
|
1.75
|
5.38
|
Hinge Vein
2
|
|
and
|
1054.95
|
1061.20
|
6.25
|
1.55
|
Hinge Vein
3
|
|
including
|
1059.00
|
1059.55
|
0.55
|
14.70
|
Hinge Vein
3
|
|
and
|
1069.70
|
1072.70
|
3.00
|
3.45
|
Hinge Vein
4
|
|
including
|
1070.20
|
1071.20
|
1.00
|
9.72
|
Hinge Vein
4
|
|
DL-066
|
|
636.50
|
645.30
|
8.80
|
2.81
|
Limb
|
|
including
|
638.35
|
645.30
|
6.95
|
3.28
|
Limb
|
|
and
including
|
638.35
|
639.75
|
1.40
|
5.77
|
Limb
|
|
and
including
|
643.60
|
645.30
|
1.70
|
6.69
|
Limb
|
|
and
|
731.50
|
732.00
|
0.50
|
3.85
|
Unnamed
Vein
|
|
DL-067
|
|
538.20
|
541.00
|
2.80
|
1.02
|
Unnamed
Vein
|
|
and
|
575.90
|
582.80
|
6.90
|
0.57
|
Unnamed
Vein
|
|
and
|
752.50
|
757.05
|
4.55
|
0.55
|
Unnamed
Vein
|
|
and
|
871.55
|
872.10
|
0.55
|
7.12
|
Limb
|
|
DL-068
|
|
739.75
|
750.80
|
11.05
|
1.15
|
Limb
|
|
including
|
746.85
|
750.80
|
3.95
|
2.26
|
Limb
|
|
DL-071
|
|
494.30
|
501.35
|
7.05
|
1.78
|
Unnamed
Vein
|
|
including
|
494.30
|
497.60
|
3.30
|
2.26
|
Unnamed
Vein
|
|
and
|
650.40
|
659.75
|
9.35
|
1.03
|
Limb
|
|
|
809.95
|
817.00
|
7.05
|
5.69
|
Midwest
|
|
including
|
812.35
|
817.00
|
4.65
|
8.31
|
Midwest
|
|
and
including
|
812.35
|
814.10
|
1.75
|
20.27
|
Midwest
|
|
and
including
|
812.35
|
813.45
|
1.10
|
30.35
|
Midwest
|
|
*
|
True widths are 90%
of interval widths based on intersection points of the drill hole
intercept with the geological model and oriented drill core data.
Interval widths are calculated using a 0.10 g/t gold cut-off grade
with up to 3 m of internal dilution of zero grade.
|
Table 2: New LP Fault drill
results. Drill hole traces are shown on Figure 3.
|
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Section
|
|
BR-387
|
|
255.50
|
256.60
|
1.10
|
2.59
|
20975
|
|
and
|
318.70
|
321.00
|
2.30
|
2.27
|
|
|
including
|
320.45
|
321.00
|
0.55
|
7.86
|
|
|
and
|
346.80
|
348.10
|
1.30
|
1.92
|
|
|
and
|
436.00
|
438.00
|
2.00
|
4.25
|
|
|
including
|
437.00
|
438.00
|
1.00
|
7.76
|
|
|
BR-388
|
|
136.00
|
142.50
|
6.50
|
0.98
|
21025
|
|
and
|
554.00
|
568.90
|
14.90
|
0.57
|
|
|
BR-389
|
|
216.10
|
219.85
|
3.75
|
1.18
|
19550
|
|
including
|
218.95
|
219.55
|
0.60
|
4.14
|
|
|
and
|
249.00
|
262.75
|
13.75
|
0.66
|
|
|
including
|
259.80
|
262.75
|
2.95
|
1.99
|
|
|
BR-406
|
|
354.25
|
355.75
|
1.50
|
5.34
|
20625
|
|
and
|
406.80
|
452.65
|
45.85
|
2.03
|
|
|
including
|
406.80
|
414.00
|
7.20
|
6.15
|
|
|
and
including
|
407.30
|
407.80
|
0.50
|
66.30
|
|
|
and
including
|
440.40
|
452.65
|
12.25
|
3.24
|
|
|
and
including
|
446.00
|
452.65
|
6.65
|
5.24
|
|
|
and
including
|
452.15
|
452.65
|
0.50
|
42.60
|
|
|
BR-407
|
|
195.85
|
196.15
|
0.30
|
5.58
|
20600
|
|
and
|
430.40
|
521.75
|
91.35
|
1.83
|
|
|
including
|
431.50
|
500.00
|
68.50
|
2.30
|
|
|
and
including
|
431.50
|
432.35
|
0.85
|
9.55
|
|
|
and
including
|
443.60
|
447.70
|
4.10
|
3.59
|
|
|
and
including
|
466.50
|
499.00
|
32.50
|
3.86
|
|
|
and
including
|
473.50
|
499.00
|
25.50
|
4.55
|
|
|
and
including
|
473.50
|
486.00
|
12.50
|
5.63
|
|
|
and
including
|
496.00
|
499.00
|
3.00
|
11.29
|
|
|
and
including
|
497.00
|
498.00
|
1.00
|
22.40
|
|
|
BR-426
|
|
28.50
|
94.20
|
65.70
|
0.59
|
20525
|
|
including
|
40.50
|
44.60
|
4.10
|
4.60
|
|
|
and
including
|
40.50
|
43.00
|
2.50
|
6.02
|
|
|
and
|
165.20
|
193.50
|
28.30
|
3.10
|
|
|
including
|
168.00
|
178.70
|
10.70
|
7.45
|
|
|
and
including
|
172.30
|
178.70
|
6.40
|
11.08
|
|
|
and
including
|
174.30
|
178.00
|
3.70
|
16.07
|
|
|
and
including
|
174.30
|
175.90
|
1.60
|
28.65
|
|
|
and
including
|
174.30
|
175.10
|
0.80
|
34.10
|
|
|
BR-427
|
|
59.05
|
89.15
|
30.10
|
0.19
|
20475
|
|
and
|
217.25
|
224.20
|
6.95
|
0.50
|
|
|
including
|
230.70
|
232.55
|
1.85
|
1.58
|
|
|
BR-428
|
|
133.90
|
136.50
|
2.60
|
1.70
|
19775
|
|
BR-436
|
anomalous
|
14.70
|
16.50
|
1.80
|
0.21
|
21075
|
|
BR-437
|
anomalous
|
22.00
|
36.60
|
14.60
|
0.26
|
21025
|
|
BR-438
|
|
81.90
|
85.00
|
3.10
|
1.93
|
21000
|
|
including
|
84.50
|
85.00
|
0.50
|
9.48
|
|
|
BR-439
|
|
66.70
|
77.90
|
11.20
|
1.62
|
20950
|
|
including
|
72.10
|
72.60
|
0.50
|
32.40
|
|
|
and
|
108.50
|
111.30
|
2.80
|
1.95
|
|
|
and
|
128.35
|
132.25
|
3.90
|
6.00
|
|
|
including
|
128.35
|
129.25
|
0.90
|
24.84
|
|
|
and
|
147.60
|
164.30
|
16.70
|
2.53
|
|
|
including
|
153.60
|
154.60
|
1.00
|
37.50
|
|
|
and
|
268.70
|
269.40
|
0.70
|
4.25
|
|
|
and
|
323.30
|
324.80
|
1.50
|
40.00
|
|
|
BR-445
|
|
74.30
|
75.80
|
1.50
|
1.40
|
22300
|
|
BR-450
|
|
98.10
|
103.60
|
5.50
|
0.39
|
21500
|
|
BR-452
|
|
178.45
|
184.00
|
5.55
|
0.52
|
21625
|
|
BR-453
|
|
29.50
|
40.95
|
11.45
|
0.36
|
21775
|
|
BR-454
|
|
216.50
|
243.25
|
26.75
|
0.40
|
21625
|
|
and
|
288.70
|
289.70
|
1.00
|
4.94
|
|
|
BR-455
|
|
82.00
|
97.15
|
15.15
|
0.28
|
22475
|
|
BR-460
|
|
324.00
|
328.00
|
4.00
|
2.54
|
20950
|
|
including
|
326.00
|
327.00
|
1.00
|
9.54
|
|
|
and
|
407.00
|
418.00
|
11.00
|
0.52
|
|
|
BR-461
|
|
51.40
|
54.50
|
3.10
|
1.99
|
20425
|
|
including
|
53.80
|
54.50
|
0.70
|
7.94
|
|
|
and
|
74.10
|
105.90
|
31.80
|
0.41
|
|
|
BR-462
|
|
127.10
|
132.30
|
5.20
|
0.49
|
20375
|
|
BR-463
|
|
46.50
|
50.70
|
4.20
|
8.38
|
20250
|
|
including
|
49.60
|
50.70
|
1.10
|
21.00
|
|
|
*
|
Represents core
length. True mineralization widths range between 65- 95% of
reported intervals as they are determined by both structural
analyses obtained from oriented drill core data and orientations of
individual high grade domains and bulk tonnage
domains. Mineralized domains vary in strike between 340 to 270
degrees and dip between 85 to 65 degrees to the north. All
drillholes intersect both high grade and bulk tonnage domains and
often intersect multiple domains resulting in a range of true
widths within the same drillhole.
|
Drill collar location, azimuth and dip for drill holes included
in this release are provided in the table below (UTM zone 15, NAD
83):
|
Hole
ID
|
Easting
|
Northing
|
Elevation
|
Length
|
Dip
|
Azimuth
|
|
BR-387
|
456488
|
5634078
|
366
|
594
|
-51
|
29
|
|
BR-388
|
456388
|
5634043
|
367
|
846
|
-55
|
31
|
|
BR-389
|
458005
|
5633861
|
368
|
372
|
-52
|
212
|
|
BR-406
|
457070
|
5634439
|
357
|
606
|
-53
|
221
|
|
BR-407
|
457137
|
5634466
|
357
|
633
|
-54
|
211
|
|
BR-426
|
456947
|
5634000
|
357
|
394
|
-55
|
209
|
|
BR-427
|
456997
|
5633979
|
357
|
345
|
-55
|
210
|
|
BR-428
|
457756
|
5633909
|
364
|
348
|
53
|
207
|
|
BR-436
|
456468
|
5634235
|
361
|
144
|
-55
|
213
|
|
BR-437
|
456532
|
5634252
|
358
|
234
|
-56
|
213
|
|
BR-438
|
456580
|
5634298
|
358
|
207
|
-55
|
214
|
|
BR-439
|
456697
|
5634387
|
357
|
381
|
-55
|
212
|
|
BR-445
|
455496
|
5635017
|
377
|
150
|
-56
|
226
|
|
BR-450
|
456155
|
5634576
|
363
|
255
|
-49
|
41
|
|
BR-452
|
456075
|
5634654
|
364
|
279
|
-48
|
36
|
|
BR-453
|
455919
|
5634705
|
372
|
291
|
-49
|
39
|
|
BR-454
|
455983
|
5634549
|
371
|
435
|
-50
|
37
|
|
BR-455
|
455453
|
5635258
|
383
|
264
|
-59
|
226
|
|
BR-460
|
456710
|
5634430
|
357
|
534
|
-67
|
215
|
|
BR-461
|
457039
|
5633967
|
359
|
225
|
-51
|
211
|
|
BR-462
|
457097
|
5633964
|
361
|
285
|
-50
|
211
|
|
BR-463
|
457276
|
5634038
|
360
|
351
|
-51
|
206
|
|
DL-065
|
456829
|
5633763
|
361
|
1221
|
-56
|
227
|
|
DL-066
|
456720
|
5633739
|
354
|
999
|
-59
|
229
|
|
DL-067
|
456720
|
5633739
|
354
|
939
|
-54
|
231
|
|
DL-068
|
456741
|
5633815
|
360
|
1068
|
-61
|
227
|
|
DL-071
|
456568
|
5633740
|
354
|
993
|
-56
|
225
|
About the Dixie Project
The 100% owned flagship Dixie project boasts one of the largest
recent gold discoveries in a Canadian mining
jurisdiction. Proximal to major infrastructure near the town
of Red Lake, Ontario, the Dixie
property comprises over 91.4 square kilometres of contiguous claims
that extend over 22 kilometres with a paved highway and provincial
power and natural gas lines. The property also hosts a network
of well-maintained logging roads which facilitate access.
23 high-grade domains are structurally and geologically
distinctive from the surrounding lower grade, bulk tonnage style
gold mineralization. Together, they span a strike length of
4.2 kilometres and occur within larger stratigraphically controlled
lower grade domains. They are characterized by high degrees of
strain and/or transposed quartz vein zones following two distinct
structural fabrics and transition from upper greenschist to lower
amphibolite facies metamorphism. Gold in the high-grade
domains is generally observed as free gold, is often transposed
into, and overgrows the dominant structural fabrics, and is
higher-grade on average than the surrounding bulk tonnage gold
zones.
To date, Great Bear has completed a total of 721 drill holes,
identifying five high-grade gold discoveries. The most
significant discovery is the large-scale "LP Fault" zone, which
comprises high-grade disseminated gold mineralization within broad
moderate-to-lower-grade envelopes in felsic volcanic and sediment
units. LP Fault drilling has identified gold mineralization
along 11 kilometres of strike length to date, and a detailed drill
grid is being completed along approximately 4 kilometres of strike
length. The nearby "Hinge", "Limb", "Midwest" and "Arrow" gold
zones are more characteristic of the renowned Red Lake mined deposits, comprising
gold-bearing quartz veins and silica-sulphide replacement zones
hosted by mafic volcanic units. Over 80% of the Company's
drill holes into the LP Fault, Dixie Limb and Hinge zones contain
visible gold mineralization. Gold occurs mainly as free gold,
neither bound to nor within sulphide minerals.
Great Bear adheres to industry-leading quality assurance /
quality control (QA/QC) practices in data collection, analysis and
disclosure, and detailed assays including all historical LP Fault
drill hole data are available on the Company's website at
https://greatbearresources.ca/projects/overview/dixie-project-data/.
About Great Bear
Great Bear Resources Ltd. is a Vancouver-based gold exploration company
focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A
significant exploration drill program is currently underway to
define the mineralization within a large-scale, high-grade
disseminated gold discovery made in 2019, the LP
Fault. Additional exploration drilling is also in progress to
expand and infill nearby high-grade gold zones, as well as to test
new regional targets. The Company is currently in the process
of compiling all historical data together with incoming assay
results, with the goal of publishing an initial multi-million ounce
mineral resource estimate in accordance with NI 43-101 for the
Dixie project in early 2022.
Great Bear is a committed partner to all stakeholders, with a
long-term vision of sustainable exploration to advance the Dixie
project in a manner that demonstrates good stewardship of land,
operational excellence and accountability.
QA/QC and Core Sampling Protocols
Drill core is logged and sampled in a secure core storage
facility located in Red Lake Ontario. Core samples from the
program are cut in half, using a diamond cutting saw, and are sent
to Activation Laboratories in Ontario, an accredited mineral analysis
laboratory, for analysis. All samples are analysed for gold using
standard Fire Assay-AA techniques. Samples returning over 10.0 g/t
gold are analysed utilizing standard Fire Assay-Gravimetric
methods. Pulps from approximately 5% of the gold mineralized
samples are submitted for check analysis to a second lab. Selected
samples are also chosen for duplicate assay from the coarse reject
of the original sample. Selected samples with visible gold are also
analyzed with a standard 1 kg metallic screen fire
assay. Certified gold reference standards, blanks and field
duplicates are routinely inserted into the sample stream, as part
of Great Bear's quality control/quality assurance program
(QAQC). No QAQC issues were noted with the results reported
herein.
Qualified Person and NI 43-101 Disclosure
Mr. R. Bob Singh, P.Geo, VP
Exploration, and Ms. Andrea Diakow
P.Geo, VP Projects for Great Bear are the Qualified Persons
as defined by National Instrument 43-101 responsible for the
accuracy of technical information contained in this news
release.
ON BEHALF OF THE BOARD
"Chris
Taylor"
Chris Taylor, President and
CEO
www.greatbearresources.ca
Cautionary note regarding forward-looking
statements
This release contains certain "forward looking statements"
and certain "forward-looking information" as defined under
applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes.
Forward-looking information are based on management of the
parties' reasonable assumptions, estimates, expectations, analyses
and opinions, which are based on such management's experience and
perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be
incorrect.
Such factors, among other things, include: impacts arising
from the global disruption caused by the Covid-19 coronavirus
outbreak, business integration risks; fluctuations in general
macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold or certain other
commodities; change in national and local government, legislation,
taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of
mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations pressures, cave-ins and flooding); discrepancies between
actual and estimated metallurgical recoveries; inability to obtain
adequate insurance to cover risks and hazards; the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); and title to properties.
Great Bear undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management's best judgment
based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
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SOURCE Great Bear Resources Ltd.
