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Grande Portage Resources Ltd. V.GPG

Alternate Symbol(s):  GPTRF

Grande Portage Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the Herbert gold discovery situated approximately 25 kilometers (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 Herbert Gold project is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. The project lies prominently within the 160 km long Juneau Gold Belt, which has produced over seven million ounces of gold. The project consists of 91 unpatented mining claims, located 25 km north of Juneau and to the south of Couer Alaska's profitable Kensington gold mine.


TSXV:GPG - Post by User

Comment by surething1111on Oct 06, 2020 7:36am
60 Views
Post# 31672161

RE:I agree teakbois

RE:I agree teakboisMy thinking is a little different here. In the case of one pronounced vein, I would agree, however we have at least 6 veins in fairly close proximity, that will in most likely hood require similar approach. This will result in a collosal mess on surface....... mountains of overburden.

The most cost effective and profitable approach would be to mine discretely, due to the high grade nature of our deposits. Start at the lowest economic portion of these veins and mine upward, back filling as we go.

Going one step further up on flash's calculation, if we assume  100 meter depth by 100 meter width by 2.71 meter thickness. Multplied by sg of say 2.7, by grade of 57 gpt we've got 140,000 ounces of gold implications from just one drill holes. I know that more drilling needs to be done, but don't be lulled into thinking that our results aren't stellar. Implied ounces are adding up fast. With any luck we should be able to double our resource this season. Flash...... don't get caught holding no shares ;)

Best
S
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