Grande Portage Resources

Investor Insight

With an established mineral resource and further significant exploration upside, the New Amalga gold project presents substantial opportunities for Grande Portage to advance the project, generate cash flow, and create shareholder value. The company’s ongoing exploration efforts and strategic partnerships enhance the potential for long-term growth and value appreciation.

Overview

Grande Portage Resources (TSXV:GPG,OTCQB:GPTRF,FSE:GPB) is a junior resource company focused on the exploration and development of its high-grade gold asset in southeast Alaska. The company’s flagship project, the New Amalga Gold project (formerly known as the Herbert Gold project), is located approximately 25 kilometers north of Juneau, within the prolific Juneau Gold Belt.

This historic 160-kilometer-long belt has yielded nearly eight million ounces of gold to date, and New Amalga represents one of the most prospective undeveloped gold systems in the region. The rebranding from Herbert Gold to New Amalga Gold reflects the company’s commitment to advancing and expanding its exploration and development efforts in this promising district.

Over the years, Grand Portage has significantly expanded its resource base through extensive exploration and drilling campaigns. The current mineral resource estimate, published in June 2024, outlines an indicated resource of 1.44 million ounces of gold at an average grade of 9.47 grams per ton (g/t) gold, and an inferred resource of 515,700 ounces at an average grade of 8.85 g/t gold. Additionally, the project hosts significant silver mineralization, with indicated resources of 891,600 ounces at 5.86 g/t silver and inferred resources of 390,600 ounces at 7.33 g/t silver. The deposit has demonstrated exceptional metallurgical recoveries of up to 98.2 percent, reinforcing its economic viability.

Grande Portage is led by an experienced management team with a strong background in exploration and project development. The team’s focus is on creating shareholder value through the advancement of the Herbert Gold Project while maintaining a commitment to environmental and community responsibilities.