Grande Portage Resources Ltd. V.GPG

RE:Results;

[Teakbois]

1 rockit says "And 13 gpt are hardly stellar". You are very mistaken. While the World Gold Council standard is one reference used, it does not reflect real world conditions. Take a look at a real world reference of the ten highest gold quality mines in the world. That is Q1 2020 of actual milled ore. 

https://www.minesandmetals.com/2020/09/highest-grade-underground-gold-mines-in-q1-2020/

 

The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.

 

Higest Grade Underground Gold Mines	Q1 2020 Au milled grade, g/t
1	Fosterville	42.4
2	Nevada Operations	35.9
3	Macassa	19.7
4	Segovia Operations	14.9

5                                                      Eagle River                                   14.0


6                                                      Costerfield                                    12.6


7                                                       Hope Bay                                     11.9


8                                                       Island Gold                                   11.7


9                                                       Bambanani                                    10.7


10                                                     Seabee                                          10.3 


There are an awful lot of explorers who would love to have drill results like GPG is getting. They only drilled 157 metres to hit 52.34g/t!  145 metres at 15.27 and 161 netres at 11.47. This is open pit material which means mining costs will be lower. Some companies drill 1500 metres for 2-3g/t and are happy with that. If you own shares in GPG, appreciate what you've got. Its well above average!!