More desk-bound geologists could be a good thing
Due to the difficulty getting out in the field during COVID-19, geologists are sitting with their data, analyzing it and coming up with new models, said Great Bear Resources' CEO Chris Taylor.
Taylor joined Kitco Podcast on Friday with Neils Christensen, Paul Harris and Michael McCrae.
Taylor said health protocols in the field make it more cumbersome to carry out field work. Instead, juniors are spending more time with the data sets they already have on hand.
"You know, one of the things I've seen year after year in the industry--and even I'm guilty of it sometimes--is that you have a data set that you've collected and you've been too busy. You're drilling and you're exploring, and you don't have time to really sit down and think about some of the data that you have," said Taylor.
"I think more companies in the near term...are going to be doing that data analysis work."
Taylor said that the discoveries at the Dixie project with Great Bear were due to careful desktop work, evaluating historical data and re-working models.
Great Bear (TSX.V:GBR) is focused on the Red Lake District in Northwestern Ontario. The company controls over 300 km2 land package, with focus on the flagship Dixie project, and the Pakwash property, the Dedee property, and the Sobel property.
In the last year stock has traded up from under $5 to a close of $17.61 today.