Great Bear Resources : GBR.TO

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Jimmy1570
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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 04 Mar 2019 19:10

Bij Great Bear heb ik een geweldig gevoel: topper!

Bij GWM.V heb ik een Kirkland Lakegevoel = a once in a lifetimeopportunity! Logisch ze komen van Kirkland de CEO en geoloog! ;) :up:



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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 04 Mar 2019 20:23

by @Rrooze on March 4, 2019
Galway Metals, next steps

In a previous article/analysis on Galway Metals (GWM.V), I wrote why I thought this was an undervalued company. One of the reasons for this were insider movements. Management seemed confident their shares were trading cheap as 5 of them bought extra shares in the company these past six months. Amounts ranging from $25,000 to $150,000. So no small amounts, which clearly indicate that company management and directors believe in their projects.

On top of that, they managed to raise $3.37M in a private placement they closed in 4 weeks time. Very exceptional for a company in this stage of discovery and with their market cap. Clearly signaling an interest in the company from parties with funds at their disposal.

Two weeks after that first article, Galway came out with a news release of a new discovery, smack in the middle of two known zones that are 2km apart. The result of this first drill hole was 7.3g/t over 36.7m. A great result which prompted a 40% daily gain in the share price. Since then it has lost some of its profit after a more than decent rise, but currently still sitting on a comfortable 63% gain since that original article.

2 projects
Galway Metals has two different projects in Eastern Canada. Both of them are located in mining friendly jurisdictions where active mines and necessary infrastructure are closeby.

They have a gold-zinc-copper-silver project in Québec (Estrades) and a gold project in New Brunswick (Clarence Stream). Both of these are currently being drilled and investors have only seen news from their Clarence Stream project this year. 4 news releases in two months time is a positive for shareholders. This way the share price doesn’t have much time to give its profits away because shareholders don’t need to wait a long time for updates. The exploration sector is filled with impatient investors, so it’s good to know management is working diligently.

As mentioned above, both projects are currently being drilled. Both projects also have multiple targets. At Clarence Stream these targets were determined by soil and magnetic analysis. These types of surveys help the company to find the gold and to get an indication of what might be located beneath.


Those numbers added on the map, represent the values of gold found in parts per billion (ppb) from soil analysis. Through these gold-in-soil anomalies Galway has been able to map a trend at surface which might be indicative of an underground gold vein. This trend is a clear future target to drill. The map above is just a piece of their Clarence Stream project and the trend -indicated as a red line- is 4km in length.

5 zones
The zone at Clarence Stream that has delivered us a lot of high grade results so far, is the George Murphy zone (GMZ). Thursday (02/28) Galway Metals came out with another news release from this zone: 13.8g/t over 8.7m. Once again, a thick intercept of high grade gold.

A little tidbit from this same news release that hasn’t gotten the attention it deserves is the following paragraph:

“The proximity to each other (23m west, 34m above) of two multi-hundred-gram intersections (807g/t over 1.25m and 201g/t over 0.5m) strongly suggests that a subvertical “shoot” exists. These mineralized shoots are important to the economics of deposits, and they tend to be continuous for long distances along their plunge.”

An ore shoot (google this) can be a real game changer for the economics of this project and is yet another potential catalyst for the company.

What’s extra interesting, is that Galway’s current focus for drilling will be the Jubilee zone. The Jubilee zone will be included into the resource upgrade this year, has seen previous drilling and has a lot of room to be expanded as this zone is open in every direction. That red trend line shown before is closest to the Jubilee zone.

To date, Clarence Stream has seen the discovery of five zones which are at their furthest 6km apart. Strike length of this project is 65km so plenty left to explore. Only the North and South zone are currently in resource and Galway is planning on upgrading this resource this year with the GMZ and Jubilee zone.

Zoomed out below, you get a view of what’s possible with this project. At the moment we’re seeing some separate zones that have been discovered through drilling of interesting targets. It might be possible that these zones will be joined through exploration between them.

At current pace and with the current stream of results I’m guessing it won’t take long before this company will be noticed by newsletter writers, analysts, institutional and retail investors.


Potential
In their corporate presentation and at a recent live presentation, Galway Metals makes the comparison between their Clarence Stream project and Marathon Gold’s Valentine Lake project. Both of these have both continental and geological similarities. Galway’s chief geologist Michael Sutton -who’s previously been awarded for a discovery at Kirkland Lake’s Macassa mine- thinks they have a similar deposit here. Should this prove to be correct, than Galway Metals has good potential because their current market cap is only one fifth of Marathon’s and the strike length is double as long. Of course we’re not yet where Marathon is in terms of resource and stage, but it shows what’s possible.

As I mentioned in the previous article there’s also an undervaluation when comparing the proven gold ounces with Galway’s enterprise value (MC-cash). This is currently sitting at $17.5/oz, while the average for a company in this stage (pre feasibility) is $52.

It has to be noted that this $17.5/oz number is based on the current resource, so only North and South zone and the Estrades resource. If I would add a conservative number of 400,000oz for the resource upgrade, then this number drops to $14.5/oz.

I use the term conservative because management indicates that the GMZ alone could host between 200-260,000oz in a 400x400m grid. This new resource (2019) will include both GMZ and Jubilee.

The PDAC started this weekend. A convention where mining and exploration companies around the world gather to connect with each other and investors. RedCloudKS, a company that provides support, marketing, analysis and financing for these companies, held a competition among 20 exploration companies at the opening event of this convention. Each of these companies had 10-15 minutes to present their projects to a panel of mining analysts, geologists and project managers. The winner would win 6 months of support and marketing by RedCloudKS. Galway Metals won this competition so these next couple of months should see a lot of exposure for them.

The case of owning Galway Metals has been discussed here based solely on the recent developments at Clarence Stream. Their Estrades project is being drilled as well so I’m expecting an update from this corner as well soon. This will be discussed and analysed by me as well once the data is delivered.

When looking at the current and future results of Clarence Stream, managements capabilities and recent purchases and imminent international exposure, this should turn out to be a strong growth story.

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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 04 Mar 2019 20:25

GWM.V : Dank aan de twijfelaars voor de cheap Galwaytjes! :wave: :wave:

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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 05 Mar 2019 12:21

Langleve GWM.V !! :wave: :wave:

Galway Metals Wants an Instant Replay in Gold

Bob Moriarty
Archives
Mar 5, 2019

I did an interview with Goldfinger of Energy and Gold on February 19th. He posted it on the 21st of February. In it we said:


Goldfinger: Ok now I’m going to ask you a couple of tough questions since we’re talking about how important cycles are in the resource sector. Are we in a bull market or a bear market right now in the precious metals and junior mining sectors?

Bob Moriarty: We’re in a bull market in both. But palladium is about to fall off a cliff and gold is getting close to being frothy with a DSI (Daily Sentiment Index) of 90.

I have no doubt a lot of people believe I am goofy because I keep hammering away at the importance of sentiment. But gold made the highest price in the last ten months on the 19th. Since a DSI of 90 is hardly gut wrenching, it tells me we are in a perfectly normal correction. Once it is over, the bull will resume. The DSI will signal the bottom and resumption of the trend.

OK, I am goofy but for a whole bunch of different reasons.

Robert Hinchcliffe sold Galway Resources to AUX Acquisition in late 2012 for some cash and shares in two spin off companies. His shareholders in Galway Resources got a 47% premium for their shares and better yet, got to sit out the ongoing crash in the price of precious metals and shares that went on from late 2011 until early 2016.

Galway Resources had some nice gold projects in Colombia. But like all the other minerally endowed countries in South America, Colombia gets stupid on a regular basis and craps all over the mining business. The Spanish tradition of keeping most people poor and a few well-connected families rich has continued as a tradition in South America. Few investors know that but if you flipped both continents over at the equator, North America and South America would have about the same quantity of minerals.

And fewer yet realize that most of the gold the Spanish mined came from Colombia. Panama was a providence of Colombia until the US sponsored a revolution in the early 20th century. Due to the disparity of wealth and income, on a regular basis most of the countries in South America schedule a revolution only to turn the government over to a whole new group of thieves.

Don’t laugh, the US is doing the same thing and those in the 1% should avoid short ropes and tall oak trees for the foreseeable future.

In any case, when Hinchcliffe sold off Galway Resources, he took with him $12 million in a new company named Galway Metals. He has ended up with two world-class projects in Canada where the politicians are just as stupid but the income spread is not as bad as Colombia.

Galway Metals first district scale project is called the Clarence Stream property. Optioned in 2016 for a total price of $3.5 million effectively GWM was paying $6.23 USD per ounce of gold. The gold/antimony project has a strike length of 65 km along the Sawyer Brook fault system in New Brunswick. Clarence Stream had a 43-101 resource done on it by SRK in August of 2017 showing a gold resource of 667,000 ounces and an antimony resource of an additional 73.4 gold equivalent ounces for a total of 740,000 ounces.

Galway has had a drill working on the project at Clarence Stream for over two years and has continued to delivery one news release after another of great intercepts.

I’m a bit reminded of when I was a kid and Mickey Mantle and Roger Maris both playing for the Yankees were vying for who could hit the most home runs in baseball. But as any baseball coach will tell you, home runs, while flashy, don’t win ball games, base hits do.

If Galway were playing baseball for the Yankees, they would be the base hit kings. There are two numbers important in assay results; one is grade and the other length of intercept. Galway hits both and does it with a consistency that is almost scary.

How about 4.6 g/t Au over 30 meters? Or 10.0 g/t Au over 31 meters? And 56.2 g/t Au over 0.6 meters? Or 14.6 g/t over 10.2 meters? Or 11.8 g/t over 12.8 meters? Or 14.5 g/t over 3.5 meters? And then there is the home run 807 g/t Au over 1.25 meters.

None of those results are part of the 2017 43-101. There will be another 43-101 completed at some point and it will be a lot higher. Those sorts of drill holes are what make mines. Few of them are marginal. Each adds ounces. Historically there have been 54,000 meters of drilling and 10,000 soil samples. Galway has contributed an additional 20,000 meters of drilling and 20,000 soil samples. Their technical team is right on top of this.

Their 2018-2019 program calls for 13,000 meters of drilling and an additional 10,000 soil samples. You could safely call Clarence Stream a target rich environment.

But Robert Hinchcliffe wanted to cover all the bases. He not only wants to bet on the red in roulette, he wanted to bet on the black as well. The company has a 2nd world-class potential project in Quebec named the Estrades Polymetallic project. Galway bought the project and related properties for $1.35 million in August of 2016. When GWM completed the deal with a variety of companies and individuals they also announced a 300% increase in Estrades resources and then increased the indicated by an additional 15% in September of 2016 and an increase of 80% in the inferred category.

Prior to Galway picking up the Estrades properties, there had been 180,000 meters of drilling. Galway did an additional 20,000 meters of infill drilling for the 2018 resource expansion. Plans for 2018-2019 call for one drill doing 13,000 meters of drilling and a gravity survey over the entire 20,000 ha land package. A PEA is scheduled for early 2019.

As with Clarence Stream, the Estrades projects are target rich. A hole released in November of 2018 showed 1.2% copper over 7.1 meters at Newiska and 9.4 meters of 1.1% copper along with 41.5 g/t Ag. In July of 2018 the company reported 4.3 g/t Au, 115.2 g/t Ag. 11.0% Zn and 0.8% Cu.

With $7 million in the bank and a market cap of about $40 million CAD clearly the market doesn’t get it just yet. But the market is waking up to the real riches in both projects. The company has gone up 200% since the end of January and 20% in the last week. Galway’s only real issue was communication and clearly they are seriously working on that.

I believe Galway has two company making projects and investors would be better served by spinning off one of the projects and I have mentioned that in a long conversation held recently with Robert Hinchcliffe. But he gets paid the big bucks for making those decisions and one day he will probably get around to it. The company is exceptionally conservative. Other companies with a similar treasury would be running multiple drill rigs on both properties. But the last half dozen years have buried a lot of companies who took chances they shouldn’t have.

I believe both projects will be mines and profitable at that. One day soon a major or bigger mid-tier will realize what Galway has and will throw some money their way in a JV. Anyone buying into Galway at today’s prices is getting gold well under $10 an ounce and that’s really hard to beat.

The company has done an excellent presentation that covers both projects and any potential investor should read it. It is a bit technical but it is obvious that these are excellent and potentially world class projects.

Galway is an advertiser and I am biased. I didn’t buy shares when I was told the story and dumb me didn’t. I hate chasing stocks up so for now I don’t own shares but on any correction I would be an eager purchaser. Do your own due diligence.

Galway Metals
GWM-V $.37 (Mar 04, 2019)
GAYMF-OTCBB 106.6 million shares
Galway Metals website

###

Bob Moriarty
President: 321gold
Archives

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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 05 Mar 2019 12:34


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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 08 Mar 2019 16:10

Okee, de geldkranen moeten wereldwijd terug opengedraaid worden maw no gold is dead !!

dus met Great Bear en Galway Metals zit je op rozen en zie hieronder een interview deze week op PDAC in Toronto met Mike Sutton de geaoloog van Galway , hij glundert van zelfvertrouwen!!

https://goldinvest.de/videos/video/345- ... in-toronto

:up: :up:

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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 09 Mar 2019 21:50


Jimmy1570
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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 11 Mar 2019 12:41

Ze hebben schitterende resultaten vandaag : meer dan 1 oz en dat op slechts 65m diepte!!

https://www.newsfilecorp.com/release/43 ... d-Holdings

:clap: :clap:

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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 21 Mar 2019 13:09

Wow wow !!

Big big news: dit wordt een multimillionouncegoldmijn type Red lake gold!!

https://www.newsfilecorp.com/release/43 ... ver-7.25-m

1oz+gehaltes dichtbij oppervlak!! Wie doet beter?

Terug naar 4 cad!! :up: :up:

Jimmy1570
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Re: Great Bear Resources : GBR.TO

Berichtdoor Jimmy1570 » 21 Mar 2019 13:14

https://stockhouse.com/companies/bullbo ... d=29515462

hahaha!! Op stockhouse krijgt Great Bear de bijnaam "Fort Knox" !! :clap: :clap:


Tijdelijke promo tot 31 augustus:






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