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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 flash338on Jun 24, 2020 9:01pm
69 Views
Post# 31188574

RE:Flash338

RE:Flash338 Who knows what will happen. What I do know though is I'd be chapped if GPG sells without doing a whole lot more drilling and lets gold really get it's legs. I'd much rather see Coeur take part in a financing (at a much higher price). If they sold this year, it'd be like dropping their load before their pants where down. I haven't seen too much on the buyout front yet. Several mergers of "equals" including juniors. The larger miners always seem stuck to fight the last battle. A lot of them paid ridiculous anounts of cash around 2011 and then spent years writing it all off when they should have been buying. The majors will probably look for all share deals. Sit on their hands a while being once bitten the last time, waiting for the bottom to fall out of gold which I don't see happening. P.S. I never really forgave Silvercrest for selling as silver was bouncing around the bottom so I never bought into Silvercrest 2. For what ever reason, I got mostly cash and a few token spin out shares. I still scroll as fast as I can past their chart on my big list while shaking my head. I hate seeing companies sell out before the metal gets to where I think it's going.
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