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Grande Portage Resources Ltd.

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 Company’s recent Mineral Resource estimate consists of: An indicated resource of 606,500 ounces of gold at an average grade of 10.03 g/t Au (1,880,500 tonnes); and an inferred resource of 251,700 ounces of gold at an average grade of 14.15 g/t Au (553,429 tonnes).


Expert Comments:

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

"Grande Portage Resources Ltd. got an extra push this month with the release of a resource update for the project that incorporated results from last year's drilling. The estimate pegged Herbert's Indicated resource at 1.2 Moz gold (3.64 Mt of 10.2 g/t), a 97% increase over the prior estimate; the Inferred resource grew as well (by 29%) to 325,900 oz (1.14 Mt of 8.9 g/t)."

headshot of Eric Coffin

Eric Coffin, HRA Journal

"Grande Portage Resources Ltd. announced a $2.5M placement on Thursday that was upsized to $3.25M on Friday. . .this placement and funds on hand will give the company more than $4M. There are $2M in warrants expiring in July that are well in the money; the combined $6M gives Grande Portage the funds to complete this year's permitted drill program at Herbert with plenty to spare."

Eric Coffin, HRA Journal

"Grande Portage Resources Ltd. dropped a new resource estimate for its Herbert gold project in Alaska, and it was one hell of an improvement. . .as drilling has progressed, holes have generally shown that grades and thicknesses extrapolated earlier are, in fact, there. It is also true that the veins at Herbert are very consistent."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

"Grande Portage Resources Ltd. got approval last week for its 2021 drill program on Herbert; the southeast Alaska project will see at least 20,000 ft (6,000m) of drilling this year. To help fund the costs of this program, the company subsequently announced up to a 1.1M unit financing priced at CA$0.28."

Grande Portage Resources reported that recently received assay results confirm the expansion of the mineralized zones to the east and at depth at its Herbert Gold Project in S.E. Alaska.
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Jay Taylor, Hotline

"On March 25, 2021, the last of Grande Portage Resources Ltd.'s 2020 drill results from Herbert were finally made public, and they are quite good. The headline number was 3.11m grading 18.29 g/t gold. . .building on the existing +850 Koz counted in both NI 43-101 categories prior to this year, it seems likely that based on results this year, something north of 1 Moz may be a reasonable assumption at this point."

headshot of Eric Coffin

Eric Coffin, HRA Journal

"GPG reported the final five holes from the 2020 drill program at Herbert today, most of which intercepted multiple named and unnamed veins. Highlights from today's reporting include 3.11m grading 18.29 g/t gold from the Goat vein in hole 20T-11, 1.48m grading 10.36 g/t gold from the Sleeping Giant vein and 1.28m grading 13.76 g/t gold in the Sleeping Giant footwall vein in hole 20T-12."

Grande Portage Resources intends to carry out another drill program at Herbert.
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More Expert Comments

Experts Following This Company

headshot of Eric Coffin
Eric Coffin, Owner – HRA Journal
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks

Company News

6/1/2021 – Grande Portage Resources Announces Second Increase in Equity Financing - Crescat Capital to Invest as Lead

5/21/2021 – Grande Portage Resources Upsizes Its Previously Announced Equity Financing to $3.25 Million

5/20/2021 – Grande Portage Resources Announces C$2.5M Equity Financing - Crescat Capital to Invest as Lead

5/12/2021 – Grande Portage Resources Announces Updated Resource Estimate for Its Herbert Gold Project- 97% Increase for the Indicated Gold Category and 29% Increase for the Inferred Gold Category

4/30/2021 – Grande Portage Resources Closes Equity Financing

4/21/2021 – Grande Portage Resources Announces Equity Financing

4/19/2021 – Grande Portage Resources Confirms Receipt of Final Drill Permit for Its Herbert Gold Project in S.E. Alaska

4/12/2021 – Grande Portage Resources Commences Baseline Environmental Sampling at Its Herbert Gold Project in S.E. Alaska

3/24/2021 – Grande Portage Continues to Expand Mineralized Zones to the East and at Depth on Its Herbert Gold Project In S.E. Alaska

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Growing high grade underground gold asset in the USA
Solid infrastructure nearby
Strong shareholder base---Eric Sprott, largest individual shareholder
catalyst Calendar
Drill permits due by April
New resource calculation…likely pushing resource well past 1 million oz (May)
Continued 20,000 ft step out drill program(Jun-Nov)