Bullboard - Stock Discussion Forum Grande Portage Resources Ltd. V.GPG

Alternate Symbol(s): GPTRF

Metals & Mining Gold

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... see more

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Grande Portage Resources Ltd. > Uh Kensington Mine

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Post by tarsands on Jul 29, 2020 10:24am

Uh Kensington Mine

The Kensington vein system contains reserves of 11.5 million tons of ore with 0.143 ounce of gold per ton (Bundtzen and others, 1991). The Kensington project, as defined by Coeur, contains over 1.96 million ounces of gold in the proven and probable categories. Mine life is expected to be 12 years, mining at a rate of 4,000 tons per day by long-hole open-stoping. Annual production is expected to be 259,000 ounces of gold.

.143 grams & .143 ounces big difference.

31.1 grams too the ounce of gold.

So .143 ounce of gold is 4.05 grams