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 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.

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Grande Portage Resources Ltd.

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Post by christoon Dec 21, 2009 10:25am

477 Views

Post# 16606802

RE: Is there a plan?

The plan last year was to suspend exploration in order to preserve cash...At the end of the year to not only have conserved cash BUT almost doubled it (am considering securities,warrants in NXE and QTA as cash)...seems like the plan worked out pretty well as their preserved cash allowed investments at great prices...their cash value is almost twice the market cap...these opportunities don't come up very often..

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