2018 will be remembered as the year that commodities bottomed and among the many I expect to have a positive 2019, gold and uranium will be standouts, asserts Gerardo Del Real, resource sector specialist and editor of Junior Mining Monthly.
Gold and the associated juniors have seen share prices decimated. I believe one of the few bright spots in 2018 — Great Bear Resources (Toronto: GBR) (OTC: GTBDF) — will also shine in 2019.
Great Bear Resources is a "Discovery Group" company (John Robins group) advancing one of the most exciting recent discoveries in the junior space, the Dixie project in Red Lake, Ontario.
Shares in the company caught fire after drill hole DHZ-004 retuned 44.47 g/t gold over 7.00 meters on August 22, 2018. That hole has led many to speculate that the Dixie project could be a company maker. The results led to a $10 million financing, of which nearly $6 million was taken down by Rob McEwen.
Great Bear has commenced a 30,000-meter drill program that will consist of approximately 150 drill holes and will continue through 2019.
The program will continue to drill test the Dixie Limb Zone (“DLZ”), including its various sub-zones such as the Hinge Zone and South Limb Zones. Step-out drilling will also test additional targets along the 10-kilometer strike length of the DLZ.
Share structure is solid with approximately 35 million shares outstanding and 46 million fully diluted. Expect some great results, expect plenty of news flow and in a rising gold market expect Great Bear to shine bright.
