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Grande Portage Resources Ltd. advances the New Amalga Gold Project in Southeast Alaska, a gold project about 25 kilometers north of Juneau. News about GPTRF centers on NI 43-101 technical reporting, Preliminary Economic Assessment work, drilling and resource-definition programs, geotechnical and hydrogeological studies, and environmental data collection tied to project review and permitting.
Company updates also cover U.S. Forest Service authorizations, geochemical characterization and backfill testwork, socioeconomic impact analysis, access and infrastructure planning, and capital-markets status, including the company’s U.S. OTCQX trading under the symbol GPTRF.
Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FRA:GPB) has announced an update on its non-brokered private placement. The offering, initially announced on July 30, 2024, for up to 5,555,555 Units, has been over-subscribed and will now consist of 5,836,221 Units at a price of $0.18 per Unit. This will result in gross proceeds of $1,050,520, subject to TSX Venture Exchange approval.
Each Unit comprises one common share and one share purchase warrant, allowing the holder to purchase an additional GPG common share at $0.25 within 24 months of closing. The Company will pay $22,858 in cash and issue 119,210 Finders Warrants as part of the offering. All securities issued will have a four-month hold period.
Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) has announced a non-brokered private placement to raise up to $1,000,000. The company plans to issue up to 5,555,555 units at $0.18 per unit. Each unit consists of one common share and one full share purchase warrant, exercisable at $0.25 for an additional common share within 24 months of closing.
The proceeds will be used to advance exploration at the company's Herbert Gold property in southeast Alaska and for general working capital. The offering is subject to TSX Venture Exchange acceptance, and finders' fees may be paid. All securities issued will have a four-month hold period.
Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) has filed an updated technical report on its Herbert Gold Project near Juneau, Alaska on SEDAR+. The report, effective July 17th, 2024, details Indicated Resources of 1,438,500 ounces at 9.47gpt gold and Inferred Resources of 515,700 ounces at 8.85gpt gold. Prepared by DRW Geological Consultants , the report complies with NI 43-101 standards and includes project history, geology, mineralization, drilling, sampling procedures, and QA/QC protocols. The company has also granted 2,600,000 stock options to Directors, Officers, and Consultants, exercisable at $0.20 CAD for five years, subject to TSX Venture Exchange approval.
Grande Portage Resources has released an updated NI 43-101 Independent Mineral Resource Estimate for its Herbert Gold Deposit in S.E. Alaska.
The estimate includes:
An Indicated Resource of 1,438,500 ounces of gold at 9.47 gpt from 4,726,000 tonnes and an Inferred Resource of 515,700 ounces at 8.85 gpt from 1,813,000 tonnes.
Silver resources are also reported with 891,600 ounces at 5.86 gpt in the Indicated category and 390,600 ounces at 7.33 gpt in the Inferred category.
The estimate was based on data from 240 drill holes, including new high-grade discoveries.
The company aims to develop the deposit using a low environmental impact approach.
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