Losing to facilitate the short-term exploratory logistics for the new Amalga Gold project and safe road route over a third of the distance from the public highway to project location
Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB) (“Grande Portage” or the “Company”) is pleased to announce that it has applied for a state of Alaska erinomability related to his new Amalga Gold project in the southeast of Alaska. This easier application contains a proposal for the development of approximately 1.3 miles (2 km) Grindweg together with two staging areas of equipment.
The development of this because of the Glacier Highway is about State of Alaska Property and will considerably facilitate the helicopter-supported exploration efforts of the company by establishing a staging area of equipment, much closer to the project site. The helicopter Shuttle -distance for the transport of drilling equipment and supplies would be reduced by more than 60% for each cycle compared to the previous collection area in the suburbs of Juneau Mendenhall Valley.
Ian Classes, comments from President and CEO: “The submission of this relaxation application is an important step for the project. The proposed road development and equipment Staging areas will not only improve the efficiency of our exploration efforts, but also the impact of helicopter sounds on the home of the project of the project of the project of the project of the project of the project of the project of the Projectlei. are.”
This original road segment would span around a third of the total distance from the highway from Glacier to the project location, ending on the border between Alaska and US Forest Service Land. Further road development requires a separate federal environmental assessment and permit. Baseline environmental studies are underway to support future federal entries.
The future facilities on the project site are in mind to include an underground mining operation of a small footprint without a landfill for the relocation of the ore processing factory or waste. Due to the source location near Tidewater and less than 4 miles (6.5 km) of the existing paved highway (Fig. 1), the company regards off-site processing by a third party as the most favorable configuration for the project.
Kyle Mehalek, pe., Is the QP in the sense of NI 43-101 and has assessed and approved the technical disclosure in this release. Mr. Mehalek is independent of Grande Portage within the meaning of NI 43-101.
About Grande Portage:
Grande Portage Resources Ltd. is a publicly traded mineral exploration company aimed at promoting the new Amalga Mine project, the spur of the Herbert Gold -Depiekking, about 25 km north of Juneau, Alaska. The company has a 100% interest in the new Amalga property. The new Amalga Gold system is open for length and depth and hosts at least six main composite Aderfout structures that contain ribbon structure quaints-sulfide-veins. The project is prominent within the 160 km long Juneau Gold Belt, which has produced more than eight million our gold.
The updated NI#43-101 of the company Mineral Resource Estimate (MRE) reported on a basic mineral resources cut-off degree of 2.5 grams per tonne of gold (G/T AU) and consists of: a indicated source of 1.438,500 Oun of gold at an average number of 9,47 g/t au); and a derivative source of 515,700 ounces gold at an average degree of 8.85 g/t au (1,813,000 tons), as well as a indicated source of 891,600 ounces silver with an average grade of 5.86 g/t AG (4.726,000 tons); and a derivative source of 390,600 ounces silver with an average degree of 7.33 g/t silver (1,813,000 tons). The MRE was prepared by Dr. David R. Webb, Ph.D., P.Geol., P.eng. (DRW Geological Consultants Ltd.) with an effective date of 17 July 2024.
On behalf of the board
“Ian Class”
Ian M. Classes
President & Chief Executive Officer
Tel: (604) 899-0106
E -Mail: Ian@grandeportage.com
Warning statement with regard to future -oriented information
This press release includes certain “future -oriented statements” under applicable Canadian securities legislation. Forward -looking statements include estimates and statements that describe the future plans, objectives or goals of the company, including words that the company or management expects that a stated condition or results will occur. Forward statements can be identified by terms such as “believes”, “anticipates”, “expected”, “estimates”, “May”, “would”, “would”, “Will” or “Plan”. Since future -oriented statements are based on assumptions and tackling future events and conditions, they have inherent risks and uncertainties as described in the files of the company in Canadian securities rulers. There can be no guarantee that such statements will be accurate, because the actual results and future events may differ significantly from those expected in such statements. Accordingly, readers are not allowed to place unnecessary dependence on future -oriented statements. The company accepts any intention or obligation to update or revise future -oriented information, either as a result of new information, future events or otherwise, other than legally required.
Keep in mind that under National Instrument 43-101, the company is obliged to announce that it does not have a production decision based on NI 43-101-conform spare estimates, preliminary economic assessments or feasibility studies and historical production bounds that have been taken without such reports and higher technical and economic risks. These risks include areas that are analyzed in more detail in a feasibility study or preliminary economic assessment, such as the application of economic analysis on mineral resources, more detailed metallurgical and other specialized studies in areas such as mining and recovery methods, market analysis and environmental effects. Any decision to use the new Amalga mine on levels that are intended by management, to extend a mine, to make other production-related decisions or otherwise carry out mining and processing activities, would be largely based on internal non-open company data and on reports based on the operation and my work.
Neither the TSX Venture Exchange nor its regulation service provider (because that term is defined under the policy of the stock market) accepts the responsibility for the adequacy or accuracy of this press release
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