Grande Porta - GPTRF STOCK NEWS

Grande Portage Resources (GPTRF) has announced remarkable results from sensor-based ore sorting testwork at its New Amalga Mine Project near Juneau. The testing demonstrated a significant 120% increase in gold grade and a 57% reduction in mass with minimal gold loss.

Key results show that from a 64.8 kg sample with an initial gold grade of 5.9 g/t, the sorting process produced 27.6 kg of sorted product at 12.9 g/t gold while rejecting 37.2 kg of waste material containing only 0.6 g/t gold. The process successfully retained 94% of the gold content while removing 57% of the mass.

The company's conceptual mining plan involves selective underground mining with off-site processing at a third-party facility, leveraging the project's proximity to tidewater and existing infrastructure. The ore sorting technology, tested at Steinert US Inc's facilities, uses sensors to separate waste rock from valuable ore without chemical reagents.

Grande Portage Resources (GPTRF) has initiated comprehensive environmental and cultural baseline studies for its New Amalga Gold Project, located 16 miles northwest of Juneau, Alaska. The studies include:

• Wetlands Delineation by Stantec Consulting Services
• Surface Water Sampling by Cox Environmental
• Archeological & Cultural Resources Review by Stephen R. Braund & Associates
• Meteorological & Hydrological Studies by Boreal Services
• Aquatic Studies by Alaska Department of Fish & Game

The company's Conceptual Mining Plan envisions a selective underground mining operation with off-site ore processing at a third-party facility. This approach eliminates the need for on-site chemical processing or tailings storage facilities, significantly reducing the project's environmental footprint. The project's strategic location near tidewater and less than 4 miles from existing paved highway supports this operational model.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has initiated testwork for a sensor-based ore sorting system at its New Amalga Mine Project near Juneau, Alaska. The project's Conceptual Mining Plan envisions a selective underground mining operation with off-site processing at third-party facilities, leveraging its proximity to tidewater and existing infrastructure.

The company is working with Steinert US Inc to test ore sorting technology using a drill core composite that reflects expected production conditions. The technology uses color, electromagnetic induction, and x-ray analysis to separate waste rock from valuable ore without chemical reagents. This approach could significantly reduce transportation and processing costs while providing material for underground backfill.

The New Amalga deposit is considered suitable for ore sorting due to distinct visual and geochemical differences between wall rock and quartz vein resources. The company has also engaged marketing services from 1000903966 Ontario Inc. for a 90-day term starting January 6, 2025, at CAD$12,000.

Grande Portage Resources has successfully completed its non-brokered private placement, raising C$1,041,000 through the sale of 3,470,000 units at C$0.30 per unit. Each unit comprises one common share and one purchase warrant, with warrants exercisable at C$0.45 per share until November 13, 2026.

The offering was conducted under the Listed Issuer Financing Exemption of National Instrument 45-106. The company plans to utilize the net proceeds to advance exploration and development at its New Amalga Gold project in Alaska and for general working capital purposes.

Grande Portage Resources has completed its non-brokered private placement, raising C$1,041,000 through the sale of 3,470,000 units at C$0.30 per unit. Each unit includes one common share and one purchase warrant, with warrants exercisable at C$0.45 until November 13, 2026.

The proceeds will be used to advance exploration and development of the company's New Amalga Gold project in Alaska and for general working capital purposes. The offering was conducted under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption.

Grande Portage Resources has filed its 2025 Plan of Operation for continued mineral exploration at the New Amalga Mine Gold project near Juneau, Alaska. The proposed work schedule includes up to 10,000 meters of diamond drilling from eight pads to drill approximately 15 holes. The drilling will test the main mineralized structures of the Goat, Main, Sleeping Giant and Deep Trench veins.

The property is part of the Juneau gold belt, with veins traceable for over 500m along strike and from 130m above sea level to 350m below. The major veins remain open for expansion. The company has also granted 250,000 stock options to two consultants at CAD$0.30 per share for five years, subject to TSX Venture Exchange approval.

Grande Portage Resources has completed the first closing of its non-brokered private placement, raising C$1,041,000 through the sale of 3,470,000 units at C$0.30 per unit. Each unit includes one common share and one purchase warrant exercisable at C$0.45 until November 13, 2026. The offering was conducted under the Listed Issuer Financing Exemption (LIFE). Red Cloud Securities, Canaccord Genuity, and Ventum Financial acted as finders, receiving C$70,770 in cash compensation and 235,900 warrants. The proceeds will be used for exploring the Amalga project in Alaska and working capital purposes.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) announces a non-brokered private placement of up to 10,000,000 units at C$0.30 per unit to raise up to C$3,000,000. Each unit includes one common share and one warrant exercisable at C$0.45 for 24 months. Red Cloud Securities will act as finder, receiving 7% cash compensation and 7% finder warrants exercisable at C$0.30 for 24 months. The offering, closing in multiple tranches between November 12-30, 2024, will fund exploration of the New Amalga Mine project in Alaska and working capital. The units will not be subject to statutory hold period in Canada under LIFE Exemption.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has developed a Conceptual Mining Plan for its newly renamed New Amalga Mine Project in SE Alaska. The plan, created by OreLogic , evaluates a selective underground mining operation with off-site processing. Key benefits include:

- No on-site tailings or permanent waste rock storage
- Reduced environmental footprint
- Simplified closure and reclamation
- Lower project construction CAPEX
- De-risked permitting process

The project boasts Indicated Resources of 1,438,500 ounces at 9.47gpt gold and Inferred Resources of 515,700 ounces at 8.85gpt gold. Grande Portage plans to advance the project using a Direct Shipping Ore (DSO) platform.