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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).

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Expert Comments:

headshot of Jay Taylor

Jay Taylor, Hotline

(7/30/21)
"Grande Portage Resources Ltd.'s updated NI 43-101 mineral resource estimate reported at a base case mineral resources cutoff grade of 3 g/t Au. It consists of an Indicated resource of 1,196,800 oz Au at an average grade of 10.23 g/t (3,637,000 t); an Inferred resource of 325,900 oz Au at an average grade of 8.91 g/t (1,138,000 t); an Indicated resource of 686,700 oz Ag at an average grade of 5.87 g/t (3,637,000 t); and an Inferred resource of 169,300 oz Ag at an average grade of 4.63 g/t (1,138,000 t)."

headshot of Eric Coffin

Eric Coffin, HRA Journal

(7/29/21)
"Grande Portage Resources Ltd. announced that 99% of the warrants that expire through the next week have been exercised, bringing in $2.34M. Over 5M of the warrants were exercised by management, board members and advisors. . .the cheap warrant overhang is gone."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

(7/29/21)
"For those who want to speculate on the actual results from Grande Portage Resources Ltd.'s ongoing 8,000m drill program on its Herbert project, this short-term weakness offers an attractive entry point prior to the release of first assays from this effort. The program will soon accelerate, once the second rig the company announced last week arrives and gets up and running."

Brien Lundin, Gold Newsletter (Jefferson Financial)

(7/1/21)
"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

(6/18/21)
"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

(6/4/21)
"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."

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 Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks

Company News

8/12/2021 – Grande Portage Resources Announces Second Drill Rig Turning at the Herbert Gold Project in S.E. Alaska

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

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
Q2
2021
Drill permits due by April
Q2
2021
New resource calculation…likely pushing resource well past 1 million oz (May)
Q4
2021
Continued 20,000 ft step out drill program(Jun-Nov)