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Last C$0.06 CAD
Change Today -0.01 / -15.38%
Volume 29.5K
GBR On Other Exchanges
As of 2:53 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

great bear resources ltd (GBR) Snapshot

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04/25/14 - C$0.14
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great bear resources ltd (GBR) Details

Great Bear Resources Ltd. engages in the acquisition and exploration of mineral properties. The company holds an option to acquire a 100% interest in the Perdito project located in Inyo County, California; and Millennium oxide gold project located in Mohave County, Arizona. It also holds an option to acquire a 70% interest in the BA project and George copper claims project, and a 100% interest in the Surprise Creek mineral claims located in the Skeena mining division in the province of British Columbia. The company was formerly known as Great Bear Uranium Corp. and changed its name to Great Bear Resources Ltd. in January 2010. Great Bear Uranium Ltd. was incorporated in 2001 and is based in Vancouver, Canada.

Founded in 2001

great bear resources ltd (GBR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

great bear resources ltd (GBR) Key Developments

Great Bear Resources Ltd. and Osisko Exploration James Bay Inc. Sign New Option and Joint Venture Agreement on the Lac Pau Gold Project in the James Bay Lowlands of Quebec

Great Bear Resources Ltd. and Osisko Exploration James Bay Inc. announced the signing of a new Option and Joint Venture Agreement on the Lac Pau gold project located in the James Bay Lowlands of Quebec, wherein Great Bear can earn a 50% interest. Key features of the Lac Pau project are: Very large gold mineralized system defined by drilling, till geochemistry and geophysics, spanning 12 km2; drill results include both high grade structurally controlled gold mineralization returning up to 69.78 g/t gold over 1.5 m and bulk tonnage gold returning 0.97 g/t gold over 69 m; and rear-round road access and close proximity to other critical infrastructure in central Quebec. Under the terms of the Agreement, Great Bear must issue 1,000,000 shares and complete $4 million dollars of exploration expenditures over five years to earn a 50% interest in the Lac Pau project as follows: Issue 200,000 shares annually over the course of the earn-in, and complete $1,000,000 in exploration expenditures over the first two years of the agreement; complete $500,000 in exploration expenditures over the third year of the option, and complete $750,000 annually in exploration expenditures over the next two years of the option, and complete $1,000,000 in exploration during the final year of the option. During the course of the earn-in, Osisko will be the operator and Great Bear will have final say on exploration decisions. After earning its 50% interest, a Joint Venture will be formed to continue advancement of the project. If at any time subsequent to earning-in, should Great Bear's interest be reduced to under 10%, Great Bear will retain a 2.5% Net Smelter Royalty on the property, 1.5% of which can be purchased by Osisko for $1 million.

Great Bear Resources Ltd. Announces Board Changes

Great Bear Resources Ltd. announced that Mr. R. Bob Singh, P.Geo has joined the board of directors of the company and will be taking on the role of Vice President of Exploration. In addition, Mr. Allan Barry Laboucan has been appointed as Special Advisor. Mr. Singh has over 25 years of mineral exploration experience with a number of publicly traded mining companies, specializing in mesothermal and orogenic gold systems, and is also an expert in advanced geological modeling. The company also announced the resignations of Mr. Dave Antony, and Mr. Borden Putnam as Directors of the company, due to other time commitments. Mr. Putnam will remain a Technical Advisor to the company moving forward.

Great Bear Resources Ltd. Announces Results Exploration Activity

Great Bear Resources Ltd. announced results recent exploration activity. The company announced that 140.2 m of 1.12 g/t of gold and 158.5 m of 0.97 g/t gold in continuous surface channel sampling of a bulk-tonnage style drill target. Eight reverse circulation test drill holes totaling 762 metres with results including 33.53 m of 0.64 g/t gold from surface. All gold occurrences identified to date in drilling and on surface are completely oxidized. High grade oxide gold occurrences have also been identified with surface grab samples returning up to 20 g/t gold; these targets have not yet been drill tested. Oxide gold occurrences mapped over 1.2 km of strike and are open in all directions. Mobile Metal Ion (MMI) survey over a 7.5 square km area confirm multiple gold-mineralized targets are present that remain to be tested. Induced Polarization (IP) and ground magnetic surveys also show multiple untested targets.


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