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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. The property covers six parallel vein structures exposed at the surface.


TSXV:GPG - Post by User

Comment by doubloon2000on Sep 09, 2006 6:32pm
184 Views
Post# 11340695

RE: Go GPG Go

RE: Go GPG GoI do not have a grip on what people are looking at long term. Where is GPG in 3 years? 5 years? Is a buyout likely? It's way too early to predict where this will be 3 to 5 years out, the information we have at this point is that they have drilled 23 holes, released the findings from 4 holes and the unconfirmed rumor (and that is all it is.. a rumor) that they have hit massive sulphides in all holes, adding to that the increased land mass they are in process of picking up only shows amazing promise, nothing more. This will be set up as a buy out for a workable mine, these guys are explorers not miners, however a buy in option to mine is always possible but the truth is that is an unknown. That being said if we speculate and say that gold sells in the ground for $250 per ounce and there is (on the high side) 20 million ounces of gold proven with a 36 million share structure.... run those numbers yourself, it boggles my mind every time I do it. also follow https://www.investorshub.com/boards/board.asp?board_id=6238 for another perspective
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