Great Bear Resources (TSXV: GBR) has been in the Maven Letter portfolio since December. That’s when I met with president and CEO Chris Taylor and heard one of the best exploration stories I had heard in a long time.
Chris and VP Exploration Bob Singh are experienced, sensible, and intelligent guys. They put this company together on their own during the bear market, assembling a highly prospective but underexplored land package in prolific Red Lake and putting it in a company with a very tight share structure.
Their first drill program at Dixie Lake had easily confirmed the high grades from limited historic work, which had been poorly recorded, and that gave Chris and Bob the confidence they were onto something. As importantly, the work supported their theories on how the gold came to be and where there might be more.
In December, when I met Chris, they were completing a small financing, just enough to do a small drill program. Drilling at Dixie Lake is very inexpensive – there is Tim Hortons exploration, and in the heart of Canadian gold country. I invested and offered it to Maven Premium subscribers.
That program again returned very high grade gold, as has subsequent drilling. And they are hitting gold not just in the main Dixie Limb zone but in multiple locations along the prospective geologic contact.
In her letter, Resource Maven explains what she is buying and selling, and why. Maven has bought into several of the markets best - performing stocks well ahead of the curve. She regularly identifies exciting new exploration opportunities and manages the inherent risk by selling some into speculative gains. And the mine builder and operator stocks that form the basis of the portfolio give strong, ongoing leverage to the rising prices of gold and silver. She has your precious metal bases covered.
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