Business
Grande Portage Announces Warrant Extension
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2023) - Grande Portage Resources Ltd. ...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"Grande Portage Announces Warrant ExtensionVancouver, British Columbia--(Newsfile Corp. - March 24, 2023) - Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB) (\"Grande Portage\" or \"the Company\") announces that the Company intends to extend the exercise period of 553,358 share purchase warrants exercisable at a price of $0.45 per common share and 3,906,537 share purchase warrants exercisable at a price of $0.72 per common share.The Warrants were issued pursuant to a private placement which closed on April 30, 2021, and June 10, 2021, respectively (see news releases dated April 30, 2021 and June 10, 2021). The Company proposes to extend the expiry dates for the Warrants to November 5, 2023, and December 12, 2023, respectively.All other terms and conditions of the Warrants remain unchanged. The warrant extension is subject to acceptance by the TSX Venture Exchange.About Grande Portage:Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert Gold discovery situated approximately 25 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 project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold. The Company's updated NI#43-101 Mineral Resource estimate reported at a base case mineral resources cut-off grade of 3.0 grams per tonne gold (g/t gold) and consists of: an indicated resource of 1,196,800 ounces of gold at an average grade of 10.23 g/t gold (3,637,000 tonnes); and an inferred resource of 325,900 ounces of gold at an average grade of 8.91 g/t gold (1,138,000 tonnes), as well as an Indicated resource of 686,700 ounces of silver at an average grade of 5.87 g/t silver (3,637,000 tonnes); and an inferred resource of 169,300 ounces of silver at an average grade of 4.63 g/t silver (1,138,000 tonnes). ON BEHALF OF THE BOARD\"Ian Klassen\"Ian M. KlassenPresident & Chief Executive OfficerTel: (604) 899-0106Email: [email protected] Cautionary Statement Regarding Forward-Looking InformationThis news release includes certain \"forward-looking statements\" under applicable Canad...