Great Bear Resources CEO: No Royalties, 100 Percent Ownership of Highly Prospective Properties in the Red Lake District Make Us Unique

Great Bear Resources (TSXV:GBR,OTCMKTS:GTBDF) is a Canadian exploration company focused on advancing its high-grade gold assets in one of the world’s premiere mining jurisdictions.
In Ontario’s Red Lake District, home of 28 historic and currently operating mines with 28 million ounces of gold produced to date, an excellent network of access roads allows for exploration work year round at Great Bear’s Dixie Lake and recently acquired West Madsen projects.
In the summer of 2017, the company completed a 1,000-meter drill program to target high-grade, near-surface gold intercepts based on new 3D modeling. In September, the company announced the widest, highest-grade intercept on the property to date: 10.4 meters of 16.84 grams per tonne (g/t) gold, which President and CEO Chris Taylor discusses in the interview below with the Investing News Network.
According to Taylor, there are many similarities between the mineral controlling geology for other deposits in Red Lake and the geology seen at the Dixie Lake and West Madsen projects. Below is the video of our interview with Taylor, followed by the transcript. It has been edited for clarity and brevity.

Investing News Network: What are three important things investors should know about your company?
Great Bear Resources President and CEO Chris Taylor: The first thing that investors should note is that we have 100-percent ownership of nearly 10,000 hectares of highly prospective properties in the Red Lake District, and that it is very unusual for a company of our size in that region. On top of that, another unique aspect is that there are no royalties on the property.
The second point to highlight is that we have a very tight share structure. There are only 14 million shares issued and outstanding for Great Bear, and we’ve made sure to be meticulous with regards to ownership, a lack of royalties and producing excellent results for our projects.
The third point to be aware of is that we recently drilled over 10 meters of over 16 g/t gold on one of the Red Lake District properties. To reiterate, this is a 100-percent-owned property with no royalties and results being generated at about 100 meters from the surface. Based on the drilling we have seen to date, we expect those zones to extend from the surface to over 500 meters in vertical depth.
INN: Are there any comparable companies in your jurisdiction?
CT: One company that we consider to be a parallel for what we envision for Great Bear is Pure Gold Mining (TSXV:PGM). Pure Gold is currently exploring the Madsen project, which is a past-producing property in the region. Our West Madsen claims are immediately adjacent to their claims, and our other project, Dixie Lake, is approximately 20 kilometers away.
Some of Pure Gold’s recent results include over 30 g/t gold on around 4 meters. That means there are 130-gram meters in terms of the gold intercept. As I mentioned, recent results from Great Bear include 10 meters of about 16 g/t gold, which works out to 170-gram meters. While Pure Gold has a market cap of over $100 million, we have a market cap of about $4.5 million and are still able to generate excellent comparable gold results in the same district.
INN: What is one factor that makes your company unique?
CT: It is extremely unusual for a company to be at the stage we’re at in the Red Lake District and have 100 percent ownership of a project with the results we have highlighted and absolutely no royalties attached to it. This is the first time a company is working on the Dixie Lake project since Teck Resources (TSX:TECK.B,NYSE:TECK) in the 1980s, and other operators to 2011. They had no divided interest on the property and no royalties on the project either. It’s an excellent opportunity for investors to fully materialize the benefit of the work we’re undertaking on that project right now.
INN: What major near-term milestones or catalysts should investors be on the lookout for?
CT: We are kicking off the project again in October 2017. At that point, there will be field crews actively exploring and prospecting work underway. As we speak, there’s an airborne high-resolution geophysical survey being conducted over the project. Our primary target is a 15-kilometer-long structure on the Dixie Lake property, where we performed the recent gold drilling that included the 10 meters of 16 g/t gold. What we expect to see is further markers of mineralization along that structure.
There are historical drill holes around 2 kilometers away that hit the same style of mineralization, including some intervals that showed 11 g/t gold. We want to understand how many zones there are on the project and determine next steps, as we plan to get back to drilling as soon as we have the data from the current round of work.
CEO interviews are part of investor education campaigns for clients advertising on the Investing News Network. Important news is contextualized by CEOs, and the resulting interviews are disseminated to the Investing News Network audience because they have value to market watchers.
The Investing News Network interviews a CEO for an understanding of their perspective on the company, the investment potential of the company and market news related to the company. The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities.

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The interview below was originally posted on April 17, 2017. Please scroll up for the latest Great Bear Resources interview.

Great Bear Resources (TSXV:GBR) is a Canadian exploration company focused on advancing precious metals projects in Ontario’s Red Lake District, one of the world’s most prolific gold producing regions. An excellent network of access roads allows for exploration work in the winter months at both the Dixie Lake project and the recently acquired West Madsen project.
The company has a purchase agreement with Newmont Mining for a 67 percent interest in the Dixie Lake property, which hosts geological structures and high grade mineralization similar to that of the major gold mines and advanced projects in the Red Lake region. Great Bear nearly doubled its position in the Red Lake district with its 100-percent acquisition of the West Madsen gold project, an on-strike extension of Pure Gold Mining’s high-grade Madsen project.

Investing News Network: The Red Lake District has been call the “Gold Capital of Canada”. What makes this region a world-class district?
Chris Taylor: The Red Lake District has produced over 30 million ounces of gold in its production life cycle and I believe 28 mines have been producers in the region. The area is very well-endowed with gold.
INN: Please tell us about Great Bear’s properties in Red Lake.
CT: Great Bear’s primary asset in Red Lake is the Dixie Lake project. The project has had about 150 drill holes completed, which have encountered high-grade, near-surface gold mineralization. Some of the intervals intersected include about .5 metre of about 160 grams per tonne gold. That is probably the highest number that I have seem come out of an individual interval, and there are many intervals that are in the 2 to 3 metres range of 15 to 17 grams per tonne gold. Some of the other intercepts would be more typical of Red Lake mineralization, including 2 to 3 metres of 4 to 5 grams per tonne gold.
INN: How does the geology compare with other deposits in the region?
CT: There are many similarities between the ore controlling geology for other deposits in Red Lake and the geology which we see at our Dixie Lake and West Madsen projects. At Dixie Lake, what we are looking at is something similar to the Rahill-Bonanza deposit, which is jointly owned by Premier Gold and Goldcorp. It is concentrated gold mineralization at the hinge of a fold. We see the same pattern at Dixie Lake and we notice the same concentration in gold values around our fold hinge. For instance, our fold hinge is where we have drilled intervals of .5 metre of 160 grams per tonne gold or 12 metres of 7 grams per tonne gold. Those are the kind of intervals we are targeting at Dixie Lake, and those are the kind which yielded a market reaction such as in Premier’s case following the drilling completed at Rahill-Bonanza.
Our other project is the West Madsen, which consists of two claim blocks located immediately adjacent to Pure Gold’s Madsen Mine. A 70,000-metre drill program is underway at that project and Pure Gold has been hitting excellent results. We have the on-strike extension of their primary mineralization control structures. The West Madsen is an earlier stage project that was recently opened up to exploration via newly constructed logging roads. We are very much looking forward to getting active at West Madsen this summer.
INN: Please tell us about the excellent team behind GBR.
CT: My background is in production mining with Imperial Metals, my alma mater, and as a structural geologist which comes in handy as we work in Red Lake. The team member I would really like to highlight is Bob Singh. He is our vice president of exploration and is a real Red Lake alumnus. Bob has been involved in tens of thousands of metres of gold drilling in the Red Lake District for all the major players. He is spearheading the design and implementation of our exploration program. If his past successes are any indication, Great Bear will do really well with that type of expertise on board.
INN: What catalysts can shareholders look forward to this year as you advance the project?
CT: The company has appropriately enough been in a hibernation mode during the bear market, but now we are about to wake up. We are beginning a field program in Red Lake that will entail re-logging the drill holes that have already been completed on the project so that we can produce an updated three-dimensional understanding of the geology. We can then commence with a 1,000-metre drill program that will target high-grade, near-surface gold intercepts based on the new 3D modeling of the mineralization geometry at the Dixie Lake project.
INN: What can you tell us about GBR’s share structure?
CT: Great Bear has an issued and outstanding share base of 12 million shares.
INN: What about your assets in BC’s Golden Triangle?
CT: We took into account the money we have on hand—approximately $1 million— and we analyzed what we would be able to accomplish with an initial starter program of about $250,000. We looked at what $250,000 in the Stewart area of BC would net versus what that same amout in the Red Lake area would net. Red Lake, in our mind given the current market cycle and appreciation for gold, is definitely where we can get the most bang for our buck. Our Stewart area projects are long-term strategic assets for the company.
CEO interviews are part of investor education campaigns for clients advertising on the Investing News Network. Important news is contextualized by CEOs, and the resulting interviews are disseminated to the Investing News Network audience because they have value to market watchers.
The Investing News Network interviews a CEO for an understanding of their perspective on the company, the investment potential of the company and market news related to the company. The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities.