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.
The Company’s updated NI#43-101 Mineral Resource estimate reported at a base case mineral resources cut-off grade of 2.5 grams per tonne gold (g/t Au) and consists of: an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes), as well as an Indicated Resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred Resource of 390,600 ounces of silver at an average grade of 7.33 g/t silver (1,813,000 tonnes).
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe…
Read More: Grande Portage Resources Files on SEDAR+ the Mineral Resource Estimate for