GRANDE PORTAGE ORD - GPTRF STOCK NEWS

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has developed a Conceptual Mining Plan for its newly renamed New Amalga Mine Project in SE Alaska. The plan, created by OreLogic , evaluates a selective underground mining operation with off-site processing. Key benefits include:

- No on-site tailings or permanent waste rock storage
- Reduced environmental footprint
- Simplified closure and reclamation
- Lower project construction CAPEX
- De-risked permitting process

The project boasts Indicated Resources of 1,438,500 ounces at 9.47gpt gold and Inferred Resources of 515,700 ounces at 8.85gpt gold. Grande Portage plans to advance the project using a Direct Shipping Ore (DSO) platform.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FRA:GPB) has successfully closed a non-brokered private placement, raising $1,050,520 through the issuance of 5,836,221 Units at $0.18 per unit. Each unit comprises one common share and one share purchase warrant, allowing holders to buy an additional GPG common share at $0.25 within 24 months of closing.

The company will pay $22,858 in cash and issue 119,210 Finders Warrants as part of the offering. All securities issued are subject to a four-month hold period. The closing is pending final approval from the TSX Venture Exchange.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FRA:GPB) has announced an update on its non-brokered private placement. The offering, initially announced on July 30, 2024, for up to 5,555,555 Units, has been over-subscribed and will now consist of 5,836,221 Units at a price of $0.18 per Unit. This will result in gross proceeds of $1,050,520, subject to TSX Venture Exchange approval.

Each Unit comprises one common share and one share purchase warrant, allowing the holder to purchase an additional GPG common share at $0.25 within 24 months of closing. The Company will pay $22,858 in cash and issue 119,210 Finders Warrants as part of the offering. All securities issued will have a four-month hold period.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) has announced a non-brokered private placement to raise up to $1,000,000. The company plans to issue up to 5,555,555 units at $0.18 per unit. Each unit consists of one common share and one full share purchase warrant, exercisable at $0.25 for an additional common share within 24 months of closing.

The proceeds will be used to advance exploration at the company's Herbert Gold property in southeast Alaska and for general working capital. The offering is subject to TSX Venture Exchange acceptance, and finders' fees may be paid. All securities issued will have a four-month hold period.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) has filed an updated technical report on its Herbert Gold Project near Juneau, Alaska on SEDAR+. The report, effective July 17th, 2024, details Indicated Resources of 1,438,500 ounces at 9.47gpt gold and Inferred Resources of 515,700 ounces at 8.85gpt gold. Prepared by DRW Geological Consultants , the report complies with NI 43-101 standards and includes project history, geology, mineralization, drilling, sampling procedures, and QA/QC protocols. The company has also granted 2,600,000 stock options to Directors, Officers, and Consultants, exercisable at $0.20 CAD for five years, subject to TSX Venture Exchange approval.

Grande Portage Resources has released an updated NI 43-101 Independent Mineral Resource Estimate for its Herbert Gold Deposit in S.E. Alaska.

The estimate includes:

An Indicated Resource of 1,438,500 ounces of gold at 9.47 gpt from 4,726,000 tonnes and an Inferred Resource of 515,700 ounces at 8.85 gpt from 1,813,000 tonnes.

Silver resources are also reported with 891,600 ounces at 5.86 gpt in the Indicated category and 390,600 ounces at 7.33 gpt in the Inferred category.

The estimate was based on data from 240 drill holes, including new high-grade discoveries.

The company aims to develop the deposit using a low environmental impact approach.

Grande Portage Resources Ltd. announces its 2024 Plan of Operation for continued mineral exploration at the Herbert Gold project near Juneau, Alaska. The proposed work schedule includes up to 10,000 meters diamond drilling, detailed mapping, and trench sampling to expand previous exploration. The Herbert Gold Property is host to abundant composite vein-fault structures containing ribbon structure quartz-sulfide veins and lies within the 100-mile-long Juneau gold belt. The company also clarified the number of broker warrants issued in a recent private placement.

Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB) has closed a non-brokered private placement, raising $1,120,000 through the issuance of 5,600,000 units at $0.20 per unit. The proceeds will be used to advance exploration activities at the Herbert Gold project and for general working capital.

Grande Portage Resources Ltd. announces positive results from diamond drilling at the Herbert Gold project in southeast Alaska. The drilling targeted the eastern extensions of the Goat vein and confirmed significant gold mineralization. Assay results from three holes returned gold grades ranging from 7.66 gpt to 9.871 gpt. The success of the drilling is encouraging and demonstrates the potential for strong gold mineralization in the Herbert vein structures. The drilling also extends the higher-grade Goat vein to the east, filling gaps in the established resource.