Golden Triangle, Northwestern British Columbia

BA Property (17,000 hectares – 50%-owned)

The BA Project is located 30 km east of Stewart, British Columbia, straddling paved highway 37A on the north flank of Cambria Peak, within the same stratigraphic horizon that hosts the famed Eskay Creek mine.

The southern border of the property adjoins the Red Mountain gold development project of IDM Mining.

Location Map

Geological Setting

The host rocks are part of the upper Hazelton Group of the Stikine terrain, which comprises a series of Middle Jurassic bimodal volcanics deposited in a back-arc basin. The zinc-lead-silver mineralization is part of an exhalative volcanogenic massive sulfide (VMS), base and precious metal mineralization system. The property geology is folded into a predictable synclinal-anticlinal fold pattern that facilitates modeling and exploration. The felsic volcanic stratigraphic horizon which hosts the VMS mineralization has been mapped over a strike length of approximately 12 km at the BA Property.

Past Work Programs

The Company earned in to 50% of the project in 2014 following the completion of $5.5 million in exploration work commitments; the remaining 50% of the project is owned by Mountain Boy Minerals (“MBM”) who conducted extensive drill programs in 2006-2008 prior to Great Bear’s involvement.

MBM drilled 89 holes in their three-year campaign defining a largely continuous zone of semi-massive silver-lead-zinc rich mineralization of an undetermined thickness over a 600 m strike length.

Highlights of this program included drill hole DDH-2007-BA-21 which intersected 3.05 m grading 241.1 g/t silver, 0.11% lead and 1.24% zinc; and drill hole DDH-2008-BA- 28, which intersected two separate high grade silver-lead-zinc intervals grading 13.1 m of 136.5 g/t silver, 1.37% lead and 4.11% zinc, and 19.82 m grading 146.81 g/t silver, 1.16% lead and 2.56% zinc respectively.

Claim Location

Great Bear Work Programs

The Company conducted an extensive, 86-hole helicopter-based drill campaign in the summer of 2010, designed to test the true thickness of mineralization in the Main zone, and to extend its boundaries in all directions. Property wide prospecting work was also undertaken, leading to a number of new discoveries to the north, east and west of the Main zone.

Highlights of the drilling included the extension of the known strike length of mineralization at the Main zone from approximately 600 m to over 800 m, and increased the down dip width of the system from 100 to 200 m, to roughly 300 to 400 m depending on location. Drilling 300 m north of the Main zone in what is now referred to as the “North Extension”, the Company discovered a silver-lead-zinc mineralized stockwork within a previously untested subvolcanic andesite intrusion.

Drilling highlights included drill hole BA-2010-136, which returned 136 g/t silver, 0.63% lead and 0.53% zinc over 3.05 m; 82 g/t silver, 1.06% lead and 1.20% zinc over 12.19 m; and 62 g/t silver, 0.54% lead and 1.72% zinc over 3.05 m; within a 250+ m wide VMS mineralized system. Drilling in the North Extension ultimately defined a contiguous zone of intensely developed stockwork massive sulfide mineralization (the “Stockwork” zone). This new zone is open to the south in the direction of the Main zone, and open to the north in the direction of the Bod zone, with dimensions of approximately 350 m by 300 m.

Historical Drilling 2006-2008 campaigns

A limited six-hole reconnaissance drill program was completed at the “Bod” zone, a target located 900 m to the north of the Stockwork zone within the North Extension. Silver-rich semi-massive sulfide mineralization was intersected over limited widths, with the best results coming from drill hole BA-2010-143 which returned 3.05 m grading 44 g/t silver, 0.51% lead and 1.44% zinc within a wider lower grade envelope. Results at the Bod zone have demonstrated that the silver rich VMS system at BA extends over greater than 2 km from the Main zone to the Bod prospect. Continuity of mineralization between all zones remains to be tested.

In 2011, Great Bear mapped and sampled 9 new silver and locally gold – copper rich massive to semi – massive sulfide zones at the BA project. Grades at separate sample sites were up to 1080 g/t silver, with one zone of gold-silver-copper mineralization returning up to 9.66 g/t gold, 104 g/t silver and 2.38% copper. The discoveries were identified from a preliminary reconnaissance prospecting – sampling program in newly explored areas close to road access. Three target areas were defined for future follow-up programs: the Big Red, Grand View and Nelson.

Glacial retreat

Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained on this website.

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