This morning Great Bear Resources (TSXV: GBR) announced they have hit 31.33 g/t gold over 20.55 m. Likely the best drill result to date. The Company has completed 115 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program.
The company still has 185 drill holes to be completed as part of their 2020 drill program for the program. Additional drill holes are also planned into the Dixie Limb and Hinge zones, in addition to other regional targets.
The company which has seen quite the extensive drill campaign, recently closed a $33M financing, and currently sits at a $627M market cap. Not to bad for a penny stock from 2018.
For more information on the drill results, the official company news release can be found here.
Information for this briefing was found via Sedar, Y Charts, 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.
SmallCapSteve started blogging in the Winter of 2009. During that time, he was able to spot many take over candidates and pick a variety of stocks that generated returns in excess of 200%. Today he consults with microcap companies helping them with capital markets strategy and focuses on industries including cannabis, tech, and junior mining.