{"id":6516,"date":"2024-07-23T05:42:41","date_gmt":"2024-07-23T05:42:41","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/23\/grande-portage-resources-files-on-sedar-the-mineral-resource-estimate-for-the-herbert-gold-project-detailing-indicated-resources-of-1438500-ounces-at-9-47gpt-gold-and-inferred-resources-of-515700\/"},"modified":"2024-07-23T05:42:41","modified_gmt":"2024-07-23T05:42:41","slug":"grande-portage-resources-files-on-sedar-the-mineral-resource-estimate-for-the-herbert-gold-project-detailing-indicated-resources-of-1438500-ounces-at-9-47gpt-gold-and-inferred-resources-of-515700","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/23\/grande-portage-resources-files-on-sedar-the-mineral-resource-estimate-for-the-herbert-gold-project-detailing-indicated-resources-of-1438500-ounces-at-9-47gpt-gold-and-inferred-resources-of-515700\/","title":{"rendered":"Grande Portage Resources Files on SEDAR+ the Mineral Resource Estimate for the Herbert Gold project Detailing Indicated Resources of 1,438,500 Ounces at 9.47gpt Gold and Inferred Resources of 515,700 Ounces at 8.85gpt Gold"},"content":{"rendered":"

Grande Portage Resources Ltd<\/strong>. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB)(\u2018Grande Portage\u2019 or the \u2018Company\u2019)<\/strong> is pleased to report that it has filed an updated technical report on the Herbert Gold Project located near Juneau, Alaska on SEDAR. <\/p>\n

The Report entitled \u2018Technical Report on the Herbert Gold Property\u2019 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.<\/p>\n

There are no material differences between the mineral resource estimates in the technical report and the Company\u2019s June 12, 2024 news release.<\/p>\n

The complete technical report is available at www.sedarplus.ca and on the Company\u2019s website.<\/p>\n

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.<\/p>\n

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.<\/p>\n

About Grande Portage:<\/strong><\/p>\n

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.<\/p>\n

The Company\u2019s 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).<\/p>\n

ON BEHALF OF THE BOARD<\/strong><\/p>\n

\u2018Ian Klassen\u2019<\/strong><\/em>
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com<\/p>\n

Cautionary Statement Regarding Forward-Looking Information<\/strong><\/p>\n

This news release includes certain \u2018forward-looking statements\u2019 under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company\u2019s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as \u2018believes\u2019, \u2018anticipates\u2019, \u2018expects\u2019, \u2018estimates\u2019, \u2018may\u2019, \u2018could\u2019, \u2018would\u2019, \u2018will\u2019, or \u2018plan\u2019. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company\u2019s filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.<\/em><\/p>\n

Cautionary Note to United States Investors<\/strong><\/p>\n

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\u2018NI 43-101\u2019) and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and Mineral Resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term \u2018resource\u2019 does not equate to the term \u2018reserves\u2019. Under U.S. standards, mineralization may not be classified as a \u2018reserve\u2019 unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC\u2019s disclosure standards normally do not permit the inclusion of information concerning \u2018measured Mineral Resources\u2019, \u2018indicated Mineral Resources\u2019 or \u2018inferred Mineral Resources\u2019 or other descriptions of the amount of mineralization in mineral deposits that do not constitute \u2018reserves\u2019 by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that \u2018inferred Mineral Resources\u2019 have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an \u2018inferred Mineral Resource\u2019 will ever be upgraded to a higher category. Under Canadian rules, estimated \u2018inferred Mineral Resources\u2019 may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an \u2018inferred Mineral Resource\u2019 exists or is economically or legally mineable. Disclosure of \u2018contained ounces\u2019 in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute \u2018reserves\u2019 by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of \u2018reserves\u2019 are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as \u2018reserves\u2019 under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.<\/p>\n

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE <\/em><\/p>\n


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Source<\/strong><\/em><\/p>\n


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This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB)(\u2018Grande Portage\u2019 or the \u2018Company\u2019) 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 \u2018Technical Report on the Herbert Gold Property\u2019 is effective as of July 17th, 2024, and was prepared by DRW Geological […]<\/p>\n","protected":false},"author":0,"featured_media":6517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=6516"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/6517"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=6516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=6516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=6516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}