Great Bear significantly increased its road-accessible land position in the Red Lake District by 5-fold with its acquisition of the West Madsen gold project announced November 2016 and expansion in June 2018 to 3,860 hectares. Together with the Dixie Lake Project to the east, recently expanded in June 2018 to 9,140 hectares, Great Bear now has agreements in place to control 13,000 hectares of prospective greenstone belts.
In November 2018, the company completed its purchase of 100% royalty-free interest in the Dixie Project.,
The Dixie Lake project has drill ready targets with shallow historical drilling that encountered significant high grade gold intercepts. The West Madsen project lies within a newly recognized extension of the same greenstone belts which host Pure Gold’s Madsen project.
With a steady stream of excellent results being generated by Pure Gold at Madsen, the on-strike extensions of those gold-hosting units and major control structures make West Madsen a compelling target for new gold exploration