VANCOUVER, BC, Nov. 19, 2020 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear") (TSXV: GBR) (OTCQX: GTBAF) is
pleased to announce the nomination of Paula
Rogers to its Board of Directors, and invites interested
shareholders to attend a Company webinar on November 30th, 2020.
Ms. Rogers has over 25 years experience working with
international public companies, with a special focus on debt and
equity-based project financing in the mining industry, corporate
governance, financial reporting and tax strategy. She holds a
B. Comm. degree from the University of British
Columbia and is a Chartered Professional Accountant.
Ms. Rogers' past roles include Vice President and Treasurer with
Goldcorp Inc. and Treasurer with Wheaton River Minerals Ltd., where
she completed over $3 billion of
equity and debt based project financings including the Pueblo Viejo
mine in the Dominican Republic
(operated by Barrick Gold Corp. and Newmont Corp.). She was
also Treasurer of Silver Wheaton Corp., where she oversaw all
silver contract purchases and sales.
Most recently she has been Chair of the Board and Director of
Alio Gold Inc., which recently merged with Argonaut Gold Inc.,
where she is now a Director.
Chris Taylor, President and CEO
of Great Bear said, "Great Bear management is very pleased to
nominate Paula Rogers to our Board
of Directors, and recommend shareholders approve her nomination at
our December Annual General Meeting. Paula was an integral
member of the core foundational teams at Goldcorp and Silver
Wheaton. She is an expert on the types of advanced project
financing and governance tasks that Great Bear has before us as we
continue to advance our flagship Dixie Project. We at Great
Bear feel privileged to have the opportunity to work with such a
highly respected member of the Canadian mining community and
anticipate our shareholders will receive strong long-term benefits
through Ms. Rogers' experience."
Live Investor Webinar
A live Great Bear webinar will take place on Monday, November 30th at 9:00am PST/12:00pm
EST. Chris Taylor and Bob
Singh will be available to answer questions following the
presentation. Online registration and participation details
may be found at the following link:
For those unable to participate, a recording of the webinar will
be posted to the Company's web site following the live
The webinar will discuss the Company's ongoing progress
involving detailed three dimensional modeling of the geology and
gold zones at the Dixie project.
Regional Project Acquisition
The Company also announces acquisition of an additional claim
package as part of its regional exploration program. The "Red
Lake North" (or "RLN") property consists of 3,220 hectares of
mineral claims located in what are interpreted to be the Woman Lake
and Flat Lake assemblages of the Balmer Sequence, approximately 70
kilometres northeast of Red Lake. Figure 1. Of
importance, third party logging activities are planned for 2021
that will provide road access to the RLN property for the first
time, facilitating low cost exploration.
Figure 1: Great Bear's Red Lake properties, showing the location of
the new Red Lake North property.
The property hosts local D2 fold culminations which are
important controls of gold mineralization elsewhere in the
Red Lake area, and contain several
gold-in-quartz vein type historical showings, including limited
historical drilling. The best results consist of generally
less than 1 metre wide veins assaying up to approximately 20 – 25
g/t gold, described in historical reports (e.g. Flint Rock Mines
Ltd., assessment files, Resident Geologist's office, Red Lake. Fyon, A. J. and O'Donnell, L. 1986,
O.G.S. M.P. 132, p. 269, 270, 274).
Great Bear can acquire a 100%, royalty-free interest in the RLN
property through an option agreement with Perry English, Gravel Ridge Resources Ltd., and
1544230 Ontario Inc. (a company controlled by Perry English), whereby Great Bear will pay a
total of $125,000 over a period of
four years, and issue 10,000 shares to the vendors. The
agreement and the issuance of the shares are subject to TSX-V
Details of Annual General Meeting
The Company's Annual General Meeting ("AGM") will be held at
Suite 1020 – 800 West Pender Street, Vancouver, British Columbia,
on Wednesday, December 15, 2020 at 2 pm
Due to ongoing concerns related to the spread of COVID-19, and
in order to mitigate potential risks to the health and safety of
the Company's shareholders, employees, communities and other
stakeholders, shareholders are encouraged not to attend the AGM in
person. Shareholders are strongly encouraged to vote on the
matters before the meeting by proxy. There are no assurances
that the management or the Board will attend the meeting in
person. The Company requests that shareholders who wish to
attend the meeting in person contact the Company in advance to make
arrangements at email@example.com.
The management of Great Bear is pleased to disclose the list of
board nominees up for election at the at AGM, which includes the
proposed addition of Paula
Ms. Paula Rogers,
Mr. Chris Taylor,
Kenyon, M.Sc. Economic Geology
Ramshaw, B.Sc., A.R.S.M.
Mr. Tony Ricci,
Dr. David Terry,
Great Bear's Vice President, Exploration Mr. R. Bob Singh, P.Geo. will not stand for re-election
to his Board position in order to accommodate Ms. Rogers'
addition. Mr. Singh will remain focused on directing the
Company's exploration activities.
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
- 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 330 km2 of highly prospective
tenure across 5 projects: the flagship Dixie Project (100%
owned), the Pakwash Property (earning a 100% interest), the Dedee
Property (earning a 100% interest), the Sobel Property (earning a
100% interest), and the Red Lake North Property (earning a 100%
interest) all of which are accessible year-round through existing
Qualified Person and NI 43-101 Disclosure
Mr. R. Bob Singh, P.Geo, Director
and 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
ON BEHALF OF THE BOARD
Chris Taylor, President and
Cautionary note regarding forward-looking
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
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
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.