Grande Portage Resources Ltd. wishes to announce that, due to strong investor demand, and subject to the acceptance of the TSX Venture Exchange , its previously announced non-brokered private placement on May 20, 2021 has increased from 5,208,333 Units to 6,770,834 Units, for an increase in the gross proceeds to $3,250,000 from $2,500,000. The private placement offering will be priced at $0.48 per Unit, and each Unit will [...]
Grande Portage Resources Ltd. is pleased to announce that it has arranged, subject to the acceptance of the TSX Venture Exchange , a non-brokered private placement of up to 5,208,333 units for gross proceeds of up to $2,500,000 . The private placement offering will be priced at $0.48 per Unit, and each Unit will consist of one common share in the capital of the Company and one-half of a share purchase warrant . Each whole [...]
Grande Portage Resources Ltd. is pleased to report a new NI 43-101 Independent Mineral Resource Estimate for its 100% controlled Herbert Gold Project located in S.E. Alaska. The Mineral Resource estimate has a base case mineral resource cut-off grade of 3.00 grams per tonne gold is capped at 125 gpt and consists of: An Indicated Resource of 1,196,800 ounces of gold at an average grade of 10.23 gpt Au in 3,637,000 tonnes [...]
Grande Portage Resources Ltd. is pleased to announce that its non-brokered private placement, announced on April 21st, 2021, has closed with the issuance of 1,106,715 units at a price of $0.28 per unit for gross proceeds of $309,880, with all securities issued having a four-month hold period which expires on September 1, 2021. As previously announced, each unit in this offering consists of one common share in the capital [...]
Grande Portage Resources Ltd. is pleased to announce that it has arranged, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to 1,100,000 units for gross proceeds of up to $310,000. The private placement offering will be at $0.28 per unit, and will consist of one common share in the capital of the Company and one half share purchase warrant. Each whole warrant will be exercisable at [...]
Grande Portage Resources Ltd. is pleased to announce that it has received regulatory approval for its upcoming drill program at its 100% controlled Herbert Gold project located within the Juneau Gold Belt in southeast Alaska. All permits are now in place. The Company's 2021 plan is to drill approximately 20,000 feet of diamond drill core on the Company's project. The upcoming drill program will test multiple targets from [...]
Grande Portage Resources Ltd. is pleased to announce that it has engaged Admiralty Environmental, LLC, Core Geoscience LLC, and Jade North LLC. to assist and oversee the collection of baseline data that a developer would need for future mine development at the Herbert Gold Project. Data such as acid/base accounting, water and air quality, and other data requiring longer sampling and analytical times are being initiated [...]
Grande Portage Resources Ltd. is pleased to announce the remainder of the assay results from its 2020 drilling program on the Herbert Gold Project in S.E. Alaska. These assays were from holes targeting the Goat, Main, Deep Trench, and Elusive veins and intermediate veins which include the Sleeping Giant, North Strand of the Main and other satellite veins. Significant assay results from the balance of drill holes are shown [...]
Grande Portage Resources Ltd. is pleased to announce that is has filed its 2021 Plan of Operation for mineral exploration at its Herbert Gold project near Juneau, Alaska. Subject to regulatory approval, the proposed work schedule for 2021 consists of up to 8,500 meters diamond drilling with additional detailed mapping and trench sampling to expand previous exploration. The program will consist of up to two diamond drill [...]
Grande Portage Resources Ltd. is pleased to announce that drill hole 20T-11, which tested the Goat vein, returned a 3.11 meter intercept with a weighted average of 18.291 g/t Au including 0.74 m of 61.2 g/t Au. The metallic screened results have not been returned yet for this hole but they are typically higher because they include the coarse gold found in high grade intervals such as this one. In addition, drillhole 20H-3 [...]
Grande Portage Resources Ltd. is pleased to announce additional assay results from the recently completed drill program at its Herbert Gold Project located in S.E Alaska. The following assay results, in the table below, are from Pad U and H, which tested the Ridge, Main, Deep Trench, Floyd and Elusive Veins. Results from the Elusive and Floyd veins have not yet been received. Please see the following link for a map [...]
Grande Portage Resources Ltd. is pleased to announce additional assay results from its recently completed drill program at its Herbert Gold Project located in S.E Alaska. The following discussion presents only the results to date from Pad T, the northern most pad which tested the North vein, Goat vein, Sleeping Giant, Ridge veins and the Main vein. Future news releases will disclose results from Pads U, Y, H, and the [...]
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