Great Bear Adds Gilbert Lawson to Board of Directors


TSX-V: GBR

VANCOUVER, BC, March 8, 2021 / CNW / – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) is pleased to announce the addition of Mr. Gilbert lawson, ing. to its board of directors.

Great Bear Resources Ltd. (CNW Group / Great Bear Resources Ltd.)

Mr. Lawson is a professional mining engineer with over 34 years of production and management experience, occupying positions such as:

  • Chief Operating Officer of TMAC Resources Inc., overseeing operations at the Hope Bay mine in Nunavut, until its acquisition by Agnico Eagle Mines Ltd.

  • Vice President, Geology and Mine Planning for Global Operations, and Vice President, Operational Support for Canada and United States at Goldcorp Inc., overseeing and evaluating geological modeling, mine planning, feasibility studies and a portfolio of major mining operations.

  • Mine manager and project manager and business development at the Campbell mine in Red Lake Ontario, which is now part of the Red Lake mining complex operated by Evolution Mining Ltd.

  • Chief Engineer, Mine Manager and Mine General Manager at Musselwhite Mine in Ontario, now operated by Newmont Corp.

Experience particularly relevant to the Great Bear Dixie Project includes operations management at the Musselwhite and Campbell mines, which are two of Ontario’s largest gold mines. Mr. Lawson was also instrumental in the creation of Wataynikaneyap Power, a First Nations-owned electricity transmission company connecting many First Nations communities and the Musselwhite mine in the northwest. Ontario.

Mr. Lawson has a detailed understanding of all stages of mine construction and operation, from resource definition and economics studies to mining permits, ore extraction, processing, monitoring environment and site rehabilitation. He also has a proven track record in successful community and government relations, and as a resident of the Northwest Ontario, is familiar with the concerns and interests of local stakeholders.

Mr. Lawson said: “I am proud to join Great Bear as a member of the team and to help develop the next big deposit in the Red Lake district. Having worked and lived in the Northwest Ontario and the Red Lake Belt for many years, I have had a unique perspective on this region and how to help blend geologic endowment, technology and people to build a major gold operation for the benefit of surrounding communities and our shareholders. From my initial review of Dixie’s data, there are clear similarities to some of this camp’s famous mines, but at the same time, it has a uniqueness with no analogy to other Archean systems. It is rare to find a gold deposit with both predictable mineralization extending for several kilometers, and with high grades of visible gold, which is a hallmark of the camp. I look forward to the start of resource modeling and engineering studies to find the optimal mine design and help build a large project. “

Chris taylor, President and CEO of Great Bear said: “Mr. Lawson began his career as an underground miner at the Dome mine in Ontario, and progressed through engineering and mining management positions to COO, working in numerous North America direct operations. Mr. Lawson knows our rocks, knows our people, knows our neighboring communities, and knows how to build and operate the type of major project that we believe Dixie has the potential to become. We are very pleased that he is joining our team and believe that his expertise will greatly benefit our shareholders. “

The Company also announces that it has granted a total of 150,000 stock options to a director of the Company, which may be exercised at $ 13.98 per share for a period of five years. Options are subject to a four month hold period.

About the Dixie Project

The Dixie project is 100% owned, consisting of 9,140 hectares of contiguous claims that extend for 22 kilometers, and is located approximately 25 kilometers southeast of the town of Lac Rouge, Ontario. The project is accessible year-round via a 15-minute drive on a paved road that runs along the northern boundary of the concession and a network of well-maintained logging roads.

The Dixie Project is home to two main styles of gold mineralization:

  • High-grade gold in quartz veins and silica-sulfide replacement zones (Dixie member, hinge areas and arrows). Contained by mafic volcanic rocks and located near the axes of D2 folds on a regional scale. These styles of mineralization are also typical of the major mined deposits of the Red Lake district.

  • High grade disseminated gold with broad envelopes at moderate to lower grade (LP fault). The LP fault is a major gold-bearing structure that has been seismically imaged to extend up to 14 kilometers deep (Zeng et CalvertComm. 2006), and has been interpreted by Great Bear to be up to 18 kilometers in lateral 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 high grade intervals. The dominant gold stratigraphy consists of felsic sediments and volcanic units.

About the Big Dipper

Great Bear Resources Ltd. is a well-funded gold exploration company managed by a team with a proven track record in mineral exploration. Great Bear focuses on the prolific Red Lake gold district in the northwest Ontario, where the company controls more than 330 km2 very promising tenure on 5 projects: the Dixie flagship project (100% owned), the Pakwash property (gaining 100% interest), the Dedee property (gaining 100% interest), the Sobel property (gaining 100% interest) of Interest), and the Red Lake North property (earning 100% interest) all of which are accessible year round by existing roads.

Qualified Person and NI 43-101 Disclosure

MR Bob singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, Chief Exploration Officer for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of the technical information contained in this press release.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris taylor, President and CEO

Caution Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” and certain “forward-looking information” as defined by applicable Canadian and US securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terms such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, ” anticipate, “” believe “,” continue “,” plans “or similar terminology. The forward-looking information contained in this document is provided for the purpose of helping readers understand management’s current expectations and plans regarding the future. Future Readers are cautioned that this information may not be appropriate for other purposes.

Forward-looking information is based on the management’s reasonable assumptions, estimates, expectations, analyzes and opinions of the parties, which are based on that management’s experience and perception of trends, current conditions and expected developments, and other factors that management considers relevant and reasonable in the circumstances, but which may prove to be incorrect.

These factors include, among others: impacts resulting from the global disruption caused by the Covid-19 coronavirus epidemic; risks of trade integration; fluctuations in general macroeconomic conditions; fluctuations in the securities markets; fluctuations in spot and forward prices for gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with exploration, development and mining activities (including environmental hazards, industrial accidents, unusual or unexpected forming pressures, collapses and floods); the differences between actual and estimated metallurgical recoveries; failure to obtain adequate insurance to cover risks and dangers; the presence of laws and regulations that may impose restrictions on mining; employee relations; the relationships and claims of local communities and indigenous populations; availability of increasing costs associated with mining inputs and labor; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and the title of the properties.

Great Bear assumes no obligation to update forward-looking information, except as required by applicable law. This 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 significantly. Therefore, readers are advised not to place undue reliance on forward-looking statements or information.

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SOURCE Great Bear Resources Ltd.

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