RED LAKE DISTRICT: DIXIE AND WEST MADSEN
In 2015, the Company entered an agreement to acquire the Dixie mining claims in Ontario’s prolific Red Lake gold mining district where Great Bear is now earning a 100% interest in 49 mining claims.
In November 2016, Great Bear nearly doubled its position in the Red Lake district with its acquisition of the West Madsen gold project, an on-strike extension of Pure Gold’s high-grade Madsen project.
Between the two projects & recent land acquisitions, Great Bear now has agreement in place to control 13,000 hectares of prospective greenstone belts.
In November 2018 Great Bear completed the purchase of 100% royalty-free interest in Dixie Gold Project.
In July 2017, the company entered into a purchase agreement with Newmont Mining to acquire Newmont’s 33% stake in the project for $80,000 in total cash payments over 4 years.
In September 2017, the company acquired an additional 26 minerals claims and today the Dixie property covers 9,140 hectares.
In November 2018 Great Bear completed the purchase of 100% royalty -free interest in the Dixie Gold Project, Red Lake Ontario.
At the Dixie Project, gold mineralization is confirmed along a 2.3 km strike of a 10 km target. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold and 7.00 metres of 68.76 g/t gold and is open along strike and at depth.
The above results prompted a $6 million investment by Rob McEwen and McEwen Mining, as part of a $10 million financing completed in September 2018. Combined with historical drilling, over 198 drill holes for 30,000 metres have been completed at Dixie. In March of 2018 Great Bear commenced a 10,000 metre drill program, of which results from 5,000 metres in 23 holes had been reported as of August with an additional 5,000 metres underway.
In August 2017, Great Bear signed a purchase agreement to acquire 100 percent ownership of an expanded West Madsen gold project in the Red Lake Gold District. The total remaining payments to acquire a 100% interest in the West Madsen property is $124,000 over four years plus payment of 100,000 common shares of Great Bear. All royalties at the Madsen project are being purchased for payment of 200,000 common shares of Great Bear.
The project comprises two claims blocks, the easternmost (Block ‘A’) is now directly contiguous to Pure Gold Mining’s Madsen property; each block is roughly six kilometres by three kilometres in size, for a total area of 3,860 hectares.
The West Madsen project is a newly identified geological continuity of the greenstone belt within the Balmer and Confederation assemblages, which are host to the adjacent historical Madsen and Starratt Olsen mines. Results from neighboring Pure Gold’s Madsen project, reported September to November 2016, include 126.6 g/t gold over 3.7 metres; 34.0 g/t Gold over 11.0 metres; 25.4 g/t gold over 8.0 metres; and 76.0 g/t gold over 2.1 metres. Recent logging road construction has opened the area to cost-effective exploration for the first time. Great Bear’s next step on the property is an initial exploration program of mapping and sampling and geophysics towards defining priority drilling targets.
M.Sc., P.Geo. – Director; President and CEO
Mr. Taylor is a structural and economic geologist and mining entrepreneur with over 20 years of experience with both producers and exploration companies. He is President and Director of Great Bear Resources Ltd since December 2010. Mr. Taylor operates an independent geological consulting practice, evaluating exploration and mining properties for acquisition purposes. He is currently CEO of TSX.V listed Dunnedin Ventures and formerly a geologist with Imperial Metals, Inc., a TSXV company from 2004 to 2009.
B.Sc., P.Geo. – Director; VP Exploration
Mr. Singh has been associated with the mineral exploration industry for 25 years. He has strong technical background in evaluating and exploring gold and base metal systems and has outstanding geological, data management, computer and project management abilities. He has been Vice President of Exploration and a Director at Great Bear Resources Ltd. since March 2015.
Mr. Singh is founder of North Face Software Ltd. and serves as its President. He has worked for both junior and major mining companies as well as developed new technologies for recording and analyzing geological data. Mr. Singh has managed several exploration programs in the Red Lake Gold district since 2003 and was a key member of an exploration team exploring for sediment hosted gold deposits in British Columbia.
Ph.D., P.Geo. - Director
Dr. Terry is a professional economic geologist, senior executive and corporate director with more than 25 years’ of international experience in the mineral resources sector. He has played key roles in the successful acquisition, exploration and development of a number of precious and base metal deposits, primarily in North and South America, and has expertise in advanced project evaluation, M&A, corporate finance, and design and execution of effective exploration programs.
In the course of his career Dr. Terry has held executive positions and directorships with a number of publicly-listed and private mineral resource companies; he currently serves as a director of Golden Arrow Resources Corporation. He has also worked with a number of senior mining companies including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation.
B.Sc. (A.R.S.M.) - Director
For more than two decades Mr. Ramshaw has been a senior executive (including President, CEO and Vice-President, Business Development) and a director of several exploration companies headquartered in Vancouver but with mining properties around the world. Earlier in his career, he was a mining analyst for an independent brokerage firm in London, U.K. Despite his executive roles in exploration and mineral development, he is still active in the art and science of geological exploration, most recently spending time on field programs in both the Yukon, Canada and Mexico.
CPA, CA - Director
Mr. Ricci is a Chartered Professional Accountant with 25+ years serving Canadian and US listed public companies. He is a former Director and CFO of mining companies with a combined market capitalization near $2 billion including Norsemont Mining, Keegan Resources (currently Asanko Gold Inc), Petaquilla Minerals and Petaquilla Copper. His was formerly with KPMG and AMEC Engineering Inc.
CPA, CA, CFA – Chief Financial Officer
Mr. Scott brings more than 20 years of professional experience in accounting, corporate finance, and merchant and commercial banking and has served on the management teams and boards of a number of Canadian publicly traded companies. He is a founder and president of Corex Management Inc., a private company providing accounting, administration, and corporate compliance services to privately held and publicly traded companies. Mr. Scott currently holds senior management and board positions with a number of TSX Venture Exchange Issuers.
Mr. Robins is a professional geologist with over 30 years of experience as an independent exploration geologist and entrepreneur. Most recently John was the founder and Chairman of Kaminak Gold which was purchased for $520 million by Goldcorp Inc. in 2016. He also founded Hunter Exploration Group, one of Canada’s most successful private exploration companies.
In 2008, Mr. Robins was recognized for his achievements in mining exploration by the Association for Mineral Exploration British Columbia with the H.H. "Spud" Huestis Award. This is recognized as one of the highest awards given for mineral exploration.
Mr. Robins has also been active in starting several successful public exploration and development companies culminating in 2005 with his co-founding of the Discovery Group of Companies, which includes Bluestone Resources, Fireweed Zinc. and Northern Empire (sold to Coeur Mining in 2018) among others. Mr. Robins also sits on the Board of several successful publicly traded exploration companies.
Mr. Paterson has 19 years of corporate experience with several North American publicly traded companies, participating in acquisitions, joint-ventures, spin-outs, reverse transactions and IPO’s. Mr. Paterson is CEO and a director of ValOre Metals Corp. and served as director of Kaminak Gold Corp. from 2010 to 2016, when Goldcorp. acquired Kaminak for in excess of $500 million. Since January 2010, Mr. Paterson has been involved as an executive or as an active director of companies which have raised in excess of $175 million in equity financings.
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