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. closed on a CA$3.75M equity financing. . .it's a good sign that the Crescat Capital-led financing was subsequently upsized, not once but twice. . .that money will help fund the upcoming 24,000 ft diamond drill program that Grande Portage is about to embark on at its Herbert project."

headshot of Jay Taylor

Jay Taylor, Hotline

"Grande Portage Resources Ltd. plans to start its drill season during the next two weeks on its Herbert project in Alaska. This is certainly a project to keep your eyes on, and I'm happy to see Quinton Hennigh becoming involved in this story."

Jay Taylor, Hotline

"Grande Portage Resources Ltd. is increasing its private placement to $3.75M. I'm really pleased to see that Crescat Portfolio Management is the lead investor in this funding because it means that Dr. Quinton Hennigh will have his eyes on this project, which provides added comfort to yours truly and also added confidence that the company's Herbert gold project in Alaska has meaningful scale to host a multimillion-ounce, high-grade gold deposit."

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."

headshot of Jay Taylor

Jay Taylor, Hotline

"Grande Portage Resources Corp. has arranged a nonbrokered $2.5M private placement of up to 5,208,333 units. . .the net proceeds of the offering will be used to advance exploration activities at the company's Herbert gold property, located in southeast Alaska, as well as for general working capital. . .if you believe as I do that these are still early days in the gold bull market then there should be plenty of move to the upside for Grande Portage shares."

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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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

7/28/2021 – Grande Portage Resources Announces Exercise of Warrants - Adding $2.34 Million to the Treasury

7/21/2021 – Grande Portage Resources Adds Second Drill at the Herbert Gold Project in S.E. Alaska

6/16/2021 – Grande Portage Resources Announces Signing of Drill Agreement and Mobilization

6/15/2021 – Grande Portage Resources Ltd. Files Herbert Gold Project Technical Report on SEDAR

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

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)