Great Bear Provides Two New Detailed High-Grade Long Sections and Reaches 318 Drill Holes Reported on Two Year Anniversary of LP Fault Discovery

 
 

  TSX-V:  GBR  

 

Great Bear Resources Ltd. (the "Company" or "Great Bear") (TSXV: GBR) (OTCQX: GTBAF) today reported results from its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario .

 

This release includes two new detailed high-grade domain long sections that occur adjacent to the north of previously released domain BR7, plus drill results from 18 new LP Fault drill holes mainly targeting the peripheral bulk-tonnage domains.  318 drill holes have now been reported from the LP Fault since its discovery two years ago.

 
 

  Figure 1: Upper portions of high-grade domain BR1, showing all results to date, and intersecting high-grade domain AURO20 which links BR1 to previously reported domain BR7. The lower inset illustrates how the domains intersect in three dimensions in inclined plan view. (CNW Group/Great Bear Resources Ltd.) 

 
 

  Table 1: All 34 drill holes that intersect the near-surface portion of high-grade domains AURO20 and BR1 along approximately 650 metres of combined strike length.  Note that assay intervals are from previously reported drill holes and have been clipped to the domains.

 

 
                                                                                                                                                                             
 

   Drill Hole   

 
 

   From (m)   

 
 

   To (m)   

 
 

   Width* (m)   

 
 

   Gold (g/t)   

 
 

   Domain   

 
 

  BR-037  

 
 

  86.97  

 
 

  102.70  

 
 

  15.73  

 
 

  4.57  

 
 

  AURO20  

 
 

  BR-067  

 
 

  310.00  

 
 

  315.00  

 
 

  5.00  

 
 

  13.00  

 
 

  BR-140  

 
 

  227.50  

 
 

  232.00  

 
 

  4.50  

 
 

  12.37  

 
 

  BR-141  

 
 

  273.00  

 
 

  287.00  

 
 

  14.00  

 
 

  6.28  

 
 

  BR-142  

 
 

  184.00  

 
 

  193.25  

 
 

  9.25  

 
 

  2.42  

 
 

  BR-143  

 
 

  149.50  

 
 

  153.50  

 
 

  4.00  

 
 

  1.81  

 
 

  BR-211  

 
 

  43.15  

 
 

  50.00  

 
 

  6.85  

 
 

  8.26  

 
 

  BR-212  

 
 

  133.25  

 
 

  136.25  

 
 

  3.00  

 
 

  47.81  

 
 

  BR-224  

 
 

  294.00  

 
 

  305.40  

 
 

  11.40  

 
 

  1.89  

 
 

  BR-037  

 
 

  86.97  

 
 

  102.70  

 
 

  15.73  

 
 

  4.57  

 
 

  BR-005  

 
 

  180.30  

 
 

  183.30  

 
 

  3.00  

 
 

  7.11  

 
 

  BR-035  

 
 

  261.00  

 
 

  270.50  

 
 

  9.50  

 
 

  6.02  

 
 

  BR1  

 
 

  BR-037  

 
 

  68.50  

 
 

  74.50  

 
 

  6.00  

 
 

  16.60  

 
 

  BR-068  

 
 

  359.60  

 
 

  374.60  

 
 

  15.00  

 
 

  14.63  

 
 

  BR-087  

 
 

  234.50  

 
 

  246.50  

 
 

  12.00  

 
 

  1.83  

 
 

  BR-118  

 
 

  41.10  

 
 

  79.20  

 
 

  38.10  

 
 

  4.58  

 
 

  BR-140  

 
 

  162.00  

 
 

  168.50  

 
 

  6.50  

 
 

  5.10  

 
 

  BR-141  

 
 

  239.00  

 
 

  247.00  

 
 

  8.00  

 
 

  1.55  

 
 

  BR-142  

 
 

  165.50  

 
 

  173.35  

 
 

  7.85  

 
 

  29.69  

 
 

  BR-149  

 
 

  257.45  

 
 

  270.75  

 
 

  13.30  

 
 

  3.89  

 
 

  BR-160  

 
 

  21.00  

 
 

  31.40  

 
 

  10.40  

 
 

  5.34  

 
 

  BR-170  

 
 

  136.30  

 
 

  144.00  

 
 

  7.70  

 
 

  2.63  

 
 

  BR-176  

 
 

  259.80  

 
 

  262.95  

 
 

  3.15  

 
 

  38.16  

 
 

  BR-190  

 
 

  153.95  

 
 

  159.90  

 
 

  5.95  

 
 

  13.83  

 
 

  BR-192  

 
 

  68.00  

 
 

  71.25  

 
 

  3.25  

 
 

  6.23  

 
 

  BR-194  

 
 

  245.50  

 
 

  252.00  

 
 

  6.50  

 
 

  3.30  

 
 

  BR-212  

 
 

  96.00  

 
 

  103.50  

 
 

  7.50  

 
 

  11.10  

 
 

  BR-213  

 
 

  170.00  

 
 

  182.50  

 
 

  12.50  

 
 

  4.28  

 
 

  BR-231  

 
 

  77.40  

 
 

  86.70  

 
 

  9.30  

 
 

  3.61  

 
 

  BR-282  

 
 

  396.50  

 
 

  397.50  

 
 

  1.00  

 
 

  33.40  

 
 

  BR-283  

 
 

  402.40  

 
 

  403.65  

 
 

  1.25  

 
 

  14.29  

 
 

  DC-12-07  

 
 

  195.00  

 
 

  196.50  

 
 

  1.50  

 
 

  13.31  

 
 

  DL-03-10  

 
 

  289.00  

 
 

  295.50  

 
 

  6.50  

 
 

  11.93  

 
 
 

  * Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.  Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.  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 .  

 
 

  Figure 2: The 17 high-grade gold domains currently being modeled within the LP Fault (bulk-tonnage mineralization not shown). (CNW Group/Great Bear Resources Ltd.) 

 
 

  Chris Taylor , President and CEO of Great Bear said, "We are very pleased to mark the two year anniversary of the LP Fault discovery by entering the final months of near-surface maiden resource estimation drilling, with results published from 318 of approximately 400 anticipated drill holes. We also provide two additional high-grade domains in this release and will continue to provide regular updates on additional domains as drilling nears completion within the various areas."

 

Ongoing drilling continues to intersect high-grade and bulk-tonnage style gold mineralization at the LP Fault.  New results include:

 
  •   50.05 g/t gold over 2.30 metres from 315.80 to 318.10 metres downhole in drill hole BR-294.
  •  
  •   61.20 g/t gold over 1.10 metres from 143.85 to 144,95 metres downhole in drill hole BR-311. This occurred within a broader interval assaying 3.85 g/t gold over 32.35 metres from 118.85 to 151.20 metres downhole.
  •  
  •   29.52 g/t gold over 2.50 metres from 276.55 to 279.05 metres downhole in drill hole BR-321. This occurred within a broader interval assaying 2.10 g/t gold over 49.25 metres from 254.00 to 303.25 metres downhole.
  •  
 

  Figure 3: Map of drill progress at the LP Fault since its discovery in May 2019. Lower image contains results from 318 drill holes. (CNW Group/Great Bear Resources Ltd.) 

 
 

Many of the drill holes provided in this release primarily targeted the bulk-tonnage style lower-grade envelope which occurs adjacent to, and between, the various higher-grade domains within the LP Fault.  These areas are important for future bulk tonnage gold mineral resource estimation.  Results include:

 
  •   1.27 g/t gold over 38.25 metres from 342.00 to 380.25 metres downhole (263 metres vertical depth) in drill hole BR-288.
  •  
  •   1.02 g/t gold over 30.00 metres from 220.00 to 250.00 metres downhole (183 metres vertical depth) in drill hole BR-321
  •  
  •   4.19 g/t gold over 14.80 metres from 43.00 to 57.80 metres downhole (38 metres vertical depth) in drill hole BR-310.
  •  
  •   1.11 g/t gold over 24.90 metres from 101.60 to 126.50 metres downhole (88 metres vertical depth) in drill hole BR-310.
  •  
  •   0.65 g/t gold over 70.20 metres from 271.50 to 341.70 metres downhole (237 metres vertical depth) in drill hole BR-279.
  •  
  •   0.63 g/t gold over 81.75 metres from 539.50 to 621.25 metres downhole (460 metres vertical depth) in drill hole BR-305.
  •  

  Table 2: New drill results from the LP Fault arranged by drill section from southeast (Top) to northwest (Bottom).

 
 
                                                                                                                                                                                                                                                                                                                                                                                                                             
 

   Drill Hole   

 
 
 

   From (m)   

 
 

   To (m)   

 
 

   Width* (m)   

 
 

   Gold (g/t)   

 
 
 

   BR-288   

 
 
 

   342.00   

 
 

   380.25   

 
 

   38.25   

 
 

   1.27   

 
 

  19750  

 
 
 

   including   

 
 

   369.00   

 
 

   375.90   

 
 

   6.90   

 
 

   4.19   

 
 
 

   BR-321   

 
 
 

   220.00   

 
 

   250.00   

 
 

   30.00   

 
 

   1.02   

 
 

  20125  

 
 
 

  including  

 
 

  233.00  

 
 

  234.00  

 
 

  1.00  

 
 

  9.53  

 
 
 
 

  and including  

 
 

  245.00  

 
 

  246.00  

 
 

  1.00  

 
 

  6.84  

 
 
 
 

   and   

 
 

   254.00   

 
 

   303.25   

 
 

   49.25   

 
 

   2.10   

 
 
 
 

   including   

 
 

   275.55   

 
 

   286.00   

 
 

   10.45   

 
 

   7.88   

 
 
 
 

   and including   

 
 

   276.55   

 
 

   279.05   

 
 

   2.50   

 
 

   29.52   

 
 
 
 

  and including  

 
 

  300.75  

 
 

  301.25  

 
 

  0.50  

 
 

  13.50  

 
 
 

   BR-311   

 
 
 

   118.85   

 
 

   151.20   

 
 

   32.35   

 
 

   3.85   

 
 

  20550  

 
 
 

   including   

 
 

   129.80   

 
 

   144.95   

 
 

   15.15   

 
 

   7.78   

 
 
 
 

   and including   

 
 

   129.80   

 
 

   130.30   

 
 

   0.50   

 
 

   21.50   

 
 
 
 

   and including   

 
 

   143.85   

 
 

   144.95   

 
 

   1.10   

 
 

   61.20   

 
 
 
 

   and   

 
 

   277.00   

 
 

   319.00   

 
 

   42.00   

 
 

   0.58   

 
 
 

   BR-310   

 
 
 

   43.00   

 
 

   57.80   

 
 

   14.80   

 
 

   4.19   

 
 

  20575  

 
 
 

  including  

 
 

  46.65  

 
 

  49.80  

 
 

  3.15  

 
 

  9.95  

 
 
 
 

  and including  

 
 

  52.00  

 
 

  53.00  

 
 

  1.00  

 
 

  10.40  

 
 
 
 

   and   

 
 

   101.60   

 
 

   126.50   

 
 

   24.90   

 
 

   1.11   

 
 
 
 

  including  

 
 

  111.00  

 
 

  113.50  

 
 

  2.50  

 
 

  3.55  

 
 
 
 

  and including  

 
 

  118.50  

 
 

  119.85  

 
 

  1.35  

 
 

  3.01  

 
 
 
 

  and including  

 
 

  125.20  

 
 

  125.70  

 
 

  0.50  

 
 

  5.20  

 
 
 
 

   and   

 
 

   312.20   

 
 

   368.00   

 
 

   55.80   

 
 

   0.44   

 
 
 

  BR-313  

 
 
 

  23.70  

 
 

  26.80  

 
 

  3.10  

 
 

  6.69  

 
 

  20575  

 
 
 

  and  

 
 

  33.35  

 
 

  36.10  

 
 

  2.75  

 
 

  1.76  

 
 
 

   BR-294   

 
 
 

   311.50   

 
 

   329.50   

 
 

   18.00   

 
 

   6.63   

 
 

  21200  

 
 
 

   including   

 
 

   315.80   

 
 

   318.10   

 
 

   2.30   

 
 

   50.05   

 
 
 
 

   and including   

 
 

   317.60   

 
 

   318.10   

 
 

   0.50   

 
 

   213.00   

 
 
 

  BR-293  

 
 
 

  80.00  

 
 

  88.00  

 
 

  8.00  

 
 

  1.07  

 
 

  21275  

 
 
 

  including  

 
 

  83.00  

 
 

  86.00  

 
 

  3.00  

 
 

  2.61  

 
 
 
 

  and including  

 
 

  85.00  

 
 

  86.00  

 
 

  1.00  

 
 

  5.78  

 
 
 
 

  and  

 
 

  243.90  

 
 

  246.70  

 
 

  2.80  

 
 

  1.42  

 
 
 

  BR-292  

 
 
 

  37.50  

 
 

  38.70  

 
 

  1.20  

 
 

  3.97  

 
 

  21350  

 
 
 

   and   

 
 

   250.10   

 
 

   278.90   

 
 

   28.80   

 
 

   0.65   

 
 
 
 

  including  

 
 

  262.00  

 
 

  265.50  

 
 

  3.50  

 
 

  3.31  

 
 
 
 

  and including  

 
 

  264.65  

 
 

  265.50  

 
 

  0.85  

 
 

  9.76  

 
 
 

  BR-295  

 
 
 

  232.90  

 
 

  237.00  

 
 

  4.10  

 
 

  3.12  

 
 

  21350  

 
 
 

  and  

 
 

  279.85  

 
 

  293.00  

 
 

  13.15  

 
 

  0.93  

 
 
 
 

  including  

 
 

  291.00  

 
 

  292.00  

 
 

  1.00  

 
 

  7.04  

 
 
 
 

  and  

 
 

  515.50  

 
 

  516.35  

 
 

  0.85  

 
 

  8.34  

 
 
 

  BR-267  

 
 
 

  220.50  

 
 

  221.50  

 
 

  1.00  

 
 

  3.31  

 
 

  21775  

 
 

  BR-268  

 
 
 

  284.75  

 
 

  308.00  

 
 

  23.25  

 
 

  0.34  

 
 

  21775  

 
 
 

  including  

 
 

  289.00  

 
 

  289.50  

 
 

  0.50  

 
 

  3.04  

 
 
 
 

  and including  

 
 

  369.60  

 
 

  371.50  

 
 

  1.90  

 
 

  3.12  

 
 
 

  BR-269  

 
 
 

  394.50  

 
 

  419.25  

 
 

  24.75  

 
 

  0.30  

 
 

  21800  

 
 
 

  and  

 
 

  396.00  

 
 

  399.00  

 
 

  3.00  

 
 

  1.10  

 
 
 

  BR-266  

 
 
 

  309.60  

 
 

  316.55  

 
 

  6.95  

 
 

  1.22  

 
 

  21825  

 
 

  BR-303  

 
 
 

  447.20  

 
 

  473.65  

 
 

  26.45  

 
 

  0.47  

 
 

  21825  

 
 

  BR-331  

 
 
 

  121.50  

 
 

  124.50  

 
 

  3.00  

 
 

  2.06  

 
 

  21925  

 
 
 

  and  

 
 

  281.40  

 
 

  282.40  

 
 

  1.00  

 
 

  3.30  

 
 
 

  BR-279  

 
 
 

  78.00  

 
 

  79.50  

 
 

  1.50  

 
 

  3.17  

 
 

  22025  

 
 
 

   and   

 
 

   271.50   

 
 

   341.70   

 
 

   70.20   

 
 

   0.65   

 
 
 
 

  including  

 
 

  271.50  

 
 

  273.00  

 
 

  1.50  

 
 

  3.50  

 
 
 
 

  and  

 
 

  327.00  

 
 

  339.00  

 
 

  12.00  

 
 

  1.68  

 
 
 
 

  including  

 
 

  332.85  

 
 

  335.00  

 
 

  2.15  

 
 

  4.95  

 
 
 

   BR-330   

 
 
 

   145.50   

 
 

   198.40   

 
 

   52.90   

 
 

   0.49   

 
 

  22025  

 
 

   BR-305   

 
 
 

   539.50   

 
 

   621.25   

 
 

   81.75   

 
 

   0.63   

 
 

  22125  

 
 
 

  including  

 
 

  587.80  

 
 

  599.40  

 
 

  11.60  

 
 

  1.01  

 
 
 
 

  and including  

 
 

  610.00  

 
 

  611.00  

 
 

  1.00  

 
 

  3.03  

 
 
 
 

  * Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.  Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.  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 .  

 

   About High-Grade Gold Domains AURO20 and BR1   

 

The 17 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 eight 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 .

 

Domain BR1 , presented in this news release, has a surface strike length of 850 metres and has been drilled to a depth of up to 430 metres (where it remains open to extension).   BR1 is a high strain zone hosted within strongly altered (albite, biotite, +/- quartz veined) felsic volcanic rocks and occurs oblique to the dominant geological contacts.  It has an average strike orientation of 290 degrees and dips 74 degrees to the north.

 

Domain AURO20 links BR1 to the previously released BR7 along an orientation of 280 degrees and dips 70 degrees to the north. With a strike length of 120 metres and current vertical extent of 420 metres (also open at depth), mineralization in this domain is hosted in felsic volcanic rocks and quartz veins.

 

Drilling is planned to intersect the various high-grade domains at 40 – 50 metre spacing.  Drilling is nearing completion in the near-surface portions of all 17 high-grade domains along more than 4 kilometres of strike length of the central LP Fault. This drilling is expected to be completed from surface to an average of approximately 400 metres depth by year end.  

 

Great Bear's progress can be followed using the Company's plan maps, long sections and cross sections, and through the VRIFY model posted at the Company's web site at www.greatbearresources.ca .  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company's web site.

 

Drill collar location, azimuth and dip for drill holes included in this release are provided in the table below (UTM zone 15N, NAD 83):

 
 
                                                                                                                                     
 

   Hole ID   

 
 

   Easting   

 
 

   Northing   

 
 

   Elevation   

 
 

   Length   

 
 

   Dip   

 
 

   Azimuth   

 
 

  BR-266  

 
 

  455829  

 
 

  5634699  

 
 

  373  

 
 

  384  

 
 

  -50  

 
 

  38  

 
 

  BR-267  

 
 

  455882  

 
 

  5634676  

 
 

  373  

 
 

  414  

 
 

  -51  

 
 

  40  

 
 

  BR-268  

 
 

  455843  

 
 

  5634630  

 
 

  373  

 
 

  495  

 
 

  -50  

 
 

  41  

 
 

  BR-269  

 
 

  455807  

 
 

  5634587  

 
 

  374  

 
 

  669  

 
 

  -54  

 
 

  41  

 
 

  BR-279  

 
 

  455853  

 
 

  5635013  

 
 

  373  

 
 

  444  

 
 

  -63  

 
 

  225  

 
 

  BR-288  

 
 

  457924  

 
 

  5634143  

 
 

  363  

 
 

  678  

 
 

  -54  

 
 

  213  

 
 

  BR-292  

 
 

  456387  

 
 

  5634629  

 
 

  361  

 
 

  428  

 
 

  -58  

 
 

  218  

 
 

  BR-293  

 
 

  456454  

 
 

  5634633  

 
 

  362  

 
 

  435  

 
 

  -47  

 
 

  215  

 
 

  BR-294  

 
 

  456512  

 
 

  5634580  

 
 

  359  

 
 

  498  

 
 

  -61  

 
 

  218  

 
 

  BR-295  

 
 

  456491  

 
 

  5634769  

 
 

  367  

 
 

  633  

 
 

  -60  

 
 

  220  

 
 

  BR-303  

 
 

  456098  

 
 

  5635052  

 
 

  374  

 
 

  528  

 
 

  -50  

 
 

  220  

 
 

  BR-305  

 
 

  455888  

 
 

  5635271  

 
 

  375  

 
 

  711  

 
 

  -65  

 
 

  226  

 
 

  BR-310  

 
 

  456956  

 
 

  5634112  

 
 

  356  

 
 

  423  

 
 

  -56  

 
 

  211  

 
 

  BR-311  

 
 

  456976  

 
 

  5634068  

 
 

  356  

 
 

  363  

 
 

  -56  

 
 

  212  

 
 

  BR-313  

 
 

  456923  

 
 

  5634044  

 
 

  356  

 
 

  150  

 
 

  -56  

 
 

  211  

 
 

  BR-321  

 
 

  457469  

 
 

  5634134  

 
 

  358  

 
 

  493  

 
 

  -55  

 
 

  203  

 
 

  BR-330  

 
 

  455800  

 
 

  5634958  

 
 

  373  

 
 

  336  

 
 

  -60  

 
 

  227  

 
 

  BR-331  

 
 

  455912  

 
 

  5635006  

 
 

  372  

 
 

  428  

 
 

  -60  

 
 

  222  

 
 
 

  About the Dixie Project  

 

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario . The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

 

The Dixie Project hosts two principal styles of gold mineralization:

 
  •   High-grade gold in quartz veins and silica-sulphide replacement zones ( Dixie Limb , Hinge and Arrow zones) . Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes. These mineralization styles are also typical of the significant mined deposits of the Red Lake district.

  •  
  •   High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault). The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert , 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property. High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals. The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.
  •  

  About Great Bear  

 

 Great Bear Resources Ltd.   is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario , where the company controls over 200 km 2 of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

 

  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 , Exploration Manager 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

 

   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.  

 
 

  Great Bear Resources Ltd. (CNW Group/Great Bear Resources Ltd.) 

 
 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/great-bear-provides-two-new-detailed-high-grade-long-sections-and-reaches-318-drill-holes-reported-on-two-year-anniversary-of-lp-fault-discovery-301304961.html  

 

SOURCE Great Bear Resources Ltd.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2021/03/c0767.html  

 
 

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