FINWIRES · TerminalLIVE
FINWIRES

$GPG.V

4 stories mentioning GPG.VUpdated 19h ago

Every FINWIRES story that references GPG.V, newest first.

Mining & Metals

Grande Portage Resources Announces Commencement Of 2026 Drill Program At New Amalga Gold Project

Grande Portage Resources (GPG.V) announced Wednesday the commencement of its 2026 drilling program at the New Amalga Gold property near Juneau, Alaska.The program planned for 2026 includes up to 4,300 meters of diamond drilling from up to 14 drillholes as well as installation of downhole instrumentation, said the company.The drillholes will provide additional definition to upgrade resource classification in key areas of the deposit and will characterize the geotechnical and hydrogeological aspects of the rock mass to gather data necessary for the environmental review and permitting process as well as to inform mine development plans, it stated.The geotechnical and hydrogeological characterization work will include detailed geotechnical logging, installation of piezometers, packer testing and groundwater sampling, said the company.The 2026 program is being conducted under a plan of operations approved by the US Forest Service on Jan. 16, 2026 and utilizes several "industry-leading contractors" including SRK Consulting, Timberline Drilling, Piton Exploration LLC and Coastal Helicopters Inc, it added."We are pleased to announce the mobilization of a premier team of contracting partners the 2026 drilling campaign, including prominent Alaska-based firms," said Ian Klassen, the chief executive.

$GPG.V
Mining & Metals

Grande Portage Resources Advances Ongoing Project Studies and Fieldwork to Support New Amalga Gold Project Development

Grande Portage Resources (GPG.V) on Monday provided a project update for the New Amalga Gold property near Juneau, Alaska.In addition to the 2026 drill program, numerous engineering studies and environmental fieldwork programs are in-progress utilizing several "industry-leading" consulting firms, most of which are based in Alaska, said the company.These activities provide key inputs for the environmental review and permitting process which the company will initiate with the State and federal regulatory agencies to enable development of the mining operation, stated the company.Current and planned activities for the 2026 field season include access road design, aquatic studies, climate assessment, archeological & cultural resource surveys, avian & wildlife surveys, and geochemical characterization & backfill testing, among others, added the company."We are excited to be moving forward with this extensive roster of project studies and field surveys as we advance the New Amalga project towards the state and federal regulatory review process," said Ian Klassen, President and Chief Executive Officer. "The firms we've selected are all leaders in their respective fields, with a large proportion of the work being done by Alaska-based teams with extensive experience operating in the region."The New Amalga Gold Project is located only 25km from Alaska's capital city of Juneau and 6km from paved highway.The current development concept, as described in the preliminary economic assessment (PEA) study with an effective date of Feb. 11, 2026, envisions a small-footprint underground mining operation which would transport material offsite for processing by a third party, eliminating the need for an onsite gold recovery plant or tailings storage facility, added the company.

$GPG.V
Mining & Metals

Grande Portage Resources Advances Permitting For New Amalga Gold Project; Lost 7.5% on Tuesday

Grande Portage Resources (GPG.V) initiated a "formal, comprehensive" Geochemical Characterization Program to advance permitting for the New Amalga Gold property in Southeast Alaska, with samples shipped on April 24, said the company on Wednesday.Geochemical characterization is a standard environmental study for metals mining projects and this testwork determines whether any of the different types of rock to be produced by the project have the potential to be reactive (acid-generating leading to metals release) over the long term. Previous limited testwork on a small number of New Amalga wallrock samples conducted in 2020-2021 showed favourable results, demonstrating significant net-acid-neutralizing ratios with all samples tested, noted the company.The current program will test a far larger number of samples which are representative of the different rock types in the areas planned to be extracted under the Preliminary Economic Assessment (PEA) mine plan with an effective date of February 11, 2026, said the company.In the PEA mine plan all development rock and ore sorter rejects produced by the mine are to be returned underground, primarily in the form of cemented rock fill (CRF) backfill, with no waste rock left on surface stockpiles after closure, it added, noting the testing program will also include the first-ever creation of CRF utilizing New Amalga material."The initiation of the geochemical program is a significant milestone in the progression of our environmental studies," said Ian Klassen, President and Chief Executive Officer. "The results of this program will be key inputs for the Federal NEPA environmental review process as well as State of Alaska mining permits. The backfill testing will also provide critical data to inform future engineering and costing studies. We are pleased that the project continues to gather momentum following the outstanding results from our PEA released last month."Shares in GPG were down $0.03 to $0.365 yesterday.

$GPG.V
Mining & Metals

Grande Portage Says PEA Positions New Amalga Gold Project "Well For the Future"; Rose Near 6% on Tuesday

Grande Portage Resources (GPG.V), which saw its shares gain near 6% yesterday, provided Wednesday the results of a preliminary economic assessment (PEA) on the New Amalga gold project in Alaska.Among economic and production highlights, GPG in a statement said the base case using a US$3,200/oz gold price generates a pre-tax Internal Rate of Return of 69% (after-tax 56%) and a pre-tax net present value at a 5% discount rate of US$979 million (after-tax US$721 million).The PEA production plan incorporates an underground mine with a base case production life of seven years with total production of 1.05 million gold ounces shipped. Gold production averages approximately 150,000 ounces shipped per year. Pre-production capital cost was pegged at $254.8 million, including US$46.4M contingency."The strong results of the PEA confirm our contention that the project's offsite processing strategy is the optimal development pathway, with high margins, rapid payback, and straightforward engineering combined with a very small environmental footprint," President and Chief Executive Officer Ian Klassen said."This PEA positions the project well for the future, where detailed design, capital optimization, baseline environmental studies and permitting can advance with confidence," Klassen added.Shares in GPG were up $0.025 or 5.8% to $0.4550 yesterday.

$GPG.V

Track with the FINWIRES app suite

FolioX
FolioX
Track GPG.V in your portfolio
WheelAI
WheelAI
Analyze GPG.V options with the wheel strategy
StockInsider
StockInsider
See market sentiment on GPG.V