VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (“Grande Portage” or the “Company”) is pleased to report that it has filed an updated technical report on the Herbert Gold Project located near Juneau, Alaska on SEDAR.
The Report entitled “Technical Report on the Herbert Gold Property” is effective as of July 17th, 2024, and was prepared by DRW Geological Consultants Ltd. and is in accordance with the National Instrument 43-101-Standards of Disclosure for Mineral projects. The technical report also includes a description of the project history, geology, mineralization, drilling, sampling procedures, and laboratory Quality Assurance/Quality Control procedures, as well as recommendations for further work.
There are no material differences between the mineral resource estimates in the technical report and the Company’s June 12, 2024 news release.
The complete technical report is available at www.sedarplus.ca and on the Company’s website.
The Company also announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to certain Directors, Officers and Consultants to purchase up to 2,600,000 common shares exercisable at a price of $0.20 (CAD) per share for a period of five years.
Dr. D.R. Webb, Ph.D., P.Geol., P.Eng is the QP within the meaning of NI 43-101 and has reviewed and approved the technical disclosure in this release. Dr. Webb is independent of Grande Portage within the meaning of NI 43-101.
About Grande Portage:
Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold.
Insight and Analysis:
Grande Portage Resources Ltd.’s updated NI#43-101 Mineral Resource estimate showcases a promising resource base at the Herbert Gold Project. With an indicated resource of 1,438,500 ounces of gold and an inferred resource of 515,700 ounces of gold, the project demonstrates significant potential for further exploration and development. The high-grade nature of the mineralization, with an average grade of 9.47 g/t Au for indicated resources and 8.85 g/t Au for inferred resources, highlights the quality of the deposit.
In addition to gold, the Herbert Gold property also hosts substantial silver resources, with an indicated resource of 891,600 ounces of silver and an inferred resource of 390,600 ounces of silver. This diversified resource base further enhances the project’s economic viability and attractiveness for future investors and stakeholders.
Cautionary Statement and Regulatory Compliance:
The cautionary statements included in the news release emphasize the importance of adhering to regulatory standards and disclosure requirements, particularly concerning resource estimations and classification. It is crucial for investors and stakeholders, especially those in the United States, to understand the differences between Canadian and U.S. securities laws and reporting standards, as outlined in the cautionary note to U.S. investors.
By maintaining transparency and compliance with applicable regulations, Grande Portage Resources Ltd. aims to provide accurate and reliable information to its investors and ensure the responsible development of its mineral assets.
Conclusion:
Grande Portage Resources Ltd.’s filing of the updated technical report on the Herbert Gold Project signifies a significant milestone in the company’s exploration and development efforts. The robust mineral resource estimates, coupled with the project’s strategic location within the prolific Juneau Gold Belt, position Grande Portage for continued success and growth in the mineral exploration sector.
Investors and industry experts are encouraged to closely monitor Grande Portage’s progress and future developments as the Company advances its exploration activities and works towards unlocking the full potential of the Herbert Gold property.
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com
VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (“Grande Portage” or the “Company”) is pleased to report that it has filed an updated technical report on the Herbert Gold Project located near Juneau, Alaska on SEDAR.
The Report entitled “Technical Report on the Herbert Gold Property” is effective as of July 17th, 2024, and was prepared by DRW Geological Consultants Ltd. and is in accordance with the National Instrument 43-101-Standards of Disclosure for Mineral projects. The technical report also includes a description of the project history, geology, mineralization, drilling, sampling procedures, and laboratory Quality Assurance/Quality Control procedures, as well as recommendations for further work.
There are no material differences between the mineral resource estimates in the technical report and the Company’s June 12, 2024 news release.
The complete technical report is available at www.sedarplus.ca and on the Company’s website.
The Company also announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to certain Directors, Officers and Consultants to purchase up to 2,600,000 common shares exercisable at a price of $0.20 (CAD) per share for a period of five years.
Dr. D.R. Webb, Ph.D., P.Geol., P.Eng is the QP within the meaning of NI 43-101 and has reviewed and approved the technical disclosure in this release. Dr. Webb is independent of Grande Portage within the meaning of NI 43-101.
About Grande Portage:
Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold.
Insight and Analysis:
Grande Portage Resources Ltd.’s updated NI#43-101 Mineral Resource estimate showcases a promising resource base at the Herbert Gold Project. With an indicated resource of 1,438,500 ounces of gold and an inferred resource of 515,700 ounces of gold, the project demonstrates significant potential for further exploration and development. The high-grade nature of the mineralization, with an average grade of 9.47 g/t Au for indicated resources and 8.85 g/t Au for inferred resources, highlights the quality of the deposit.
In addition to gold, the Herbert Gold property also hosts substantial silver resources, with an indicated resource of 891,600 ounces of silver and an inferred resource of 390,600 ounces of silver. This diversified resource base further enhances the project’s economic viability and attractiveness for future investors and stakeholders.
Cautionary Statement and Regulatory Compliance:
The cautionary statements included in the news release emphasize the importance of adhering to regulatory standards and disclosure requirements, particularly concerning resource estimations and classification. It is crucial for investors and stakeholders, especially those in the United States, to understand the differences between Canadian and U.S. securities laws and reporting standards, as outlined in the cautionary note to U.S. investors.
By maintaining transparency and compliance with applicable regulations, Grande Portage Resources Ltd. aims to provide accurate and reliable information to its investors and ensure the responsible development of its mineral assets.
Conclusion:
Grande Portage Resources Ltd.’s filing of the updated technical report on the Herbert Gold Project signifies a significant milestone in the company’s exploration and development efforts. The robust mineral resource estimates, coupled with the project’s strategic location within the prolific Juneau Gold Belt, position Grande Portage for continued success and growth in the mineral exploration sector.
Investors and industry experts are encouraged to closely monitor Grande Portage’s progress and future developments as the Company advances its exploration activities and works towards unlocking the full potential of the Herbert Gold property.
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com
