Great Bear Resources (TSXV: GBR) has returned to normal operations despite the ongoing pandemic. The company announced this morning that it has returned to pre-pandemic levels of drill activity, with five active drill rigs now conducting exploration at its flagship Dixie Project in Red Lake, Ontario.
The resumption of pre-pandemic drilling levels is expected to accelerate the firms drill program currently occurring at what is referred to as the LP fault, while also allowing for the concurrent exploration of other targets across the property. These additional targets however were not identified by the company.
Great Bear had originally reduced drilling activity to three active rigs at the onset of the pandemic as a means of reducing risk on site. CEO and President Chris Taylor has indicated that risk mitigation measures will remain in place, while the company scales up its drilling activity. The operation is to return to normal levels this month as per this mornings press release.
The firm expects to complete a total of 300 planned drill holes during the $21 million exploration program to be conducted this year. 180 of those holes remain to be drilled as of this morning.
Great Bear Resources last traded at $17.78 on the TSX Venture.
Information for this briefing was found via Sedar, and Great Bear Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.