Key facts
| Company | Grande Portage Resources Ltd. (TSXV: GPG) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | Early exploration |
About New Amalga Gold Project
The New Amalga Gold Deposit is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. Consisting of 91 unpatented lode claims located 25 km north of Juneau and to the south of Coeur Alaska's profitable Kensington gold mine. The property covers six parallel vein structures exposed at surface.
News releases18 on file
Grande Portage Signs Definitive Commercial Agreement with Ocean Partners (UK) Limited for New Amalga Gold Offtake
A definitive gold purchase agreement with Ocean Partners (UK) Ltd. covers the sale of up to 100% of production from the New Amalga property in Alaska for the first 7 years of commercial operation, subject to a minimum tonnage requirement and conditions precedent, with set metal payabilities and deductions and flexible termination rights. A definitive agreement for the previously announced US$25 mi
CorporateGrande Portage Resources Announces Posting of New Amalga Project Permitting Schedules on FAST-41 Dashboard
The federal permitting timetable for the New Amalga Gold Project in Southeast Alaska has been posted to the Federal Permitting Improvement Steering Council's Federal Permitting Dashboard, following the project's acceptance as a FAST-41 Covered Project on July 30, 2026, with the U.S. Forest Service as lead federal permitting agency. Under FAST-41, agencies must adhere to the timetable's completion
CorporateGrande Portage Resources Receives State of Alaska Regulatory Clearance for Road Easement
A favorable Regional Manager's Decision from the State of Alaska authorizes a road easement at Grande Portage Resources' New Amalga Gold Project in Southeast Alaska, covering State land in two phases. Phase One includes an initial road segment and helicopter staging area, cutting helicopter shuttle distance for slinging equipment by about 60%. Phase Two covers the remainder of the access road to t
CorporateGrande Portage Resources Advances 2026 Drill Program and Field Activities, Confirms 100% Warrant Exercise
As of August 9, 1,605 metres of a planned 3,255 metres (49%) and 5 of 12 drillholes were completed at the New Amalga Gold Project in southeast Alaska, with hydrogeological, geotechnical and resource definition data collected for permitting and mine planning. A river-monitoring gauge was installed and foundation work advanced on the first of two meteorological towers. All 6,005,431 warrants were ex
Drill resultsGrande Portage Resources Announces Acceptance of the New Amalga Gold Project to the Covered Projects FAST-41 Program
The New Amalga Gold Project was accepted as a Covered Project under the Federal Permitting Improvement Steering Council's FAST-41 program on July 30, 2026, setting coordinated federal review and permitting timelines involving the US Forest Service and US Army Corps of Engineers. Grande Portage holds a 100% interest in the project, located about 25 km north of Juneau, Alaska, which hosts an Indicat
CorporateGrande Portage Closes C$6 Million Equity Financing
A C$6 million equity financing first announced on June 25, 2026 has closed, consisting of units sold to Ocean Partners UK Limited at $0.45 per unit, each unit comprising one common share and one-half warrant exercisable at $0.60 for 24 months, subject to acceleration if shares close at $0.70 or higher for five consecutive trading days. Shares issued to Ocean Partners carry a 24-month contractual h
FinancingGrande Portage Resources Reports Positive Results from Preliminary Strength Testing of Mine Backfill Materials
Preliminary cemented rockfill (CRF) strength testing at the New Amalga Gold Project near Juneau, Alaska returned samples that all met or exceeded strength criteria for overhand longhole stoping, the primary planned mining method. Test cylinders used core-derived waste rock with 4% cement binder and were tested for uniaxial compressive strength after 10-day and 17-day cure times. The company intend
Study resultsGrande Portage Announces Binding Commercial Offtake Agreement with C$6 Million Equity Financing and US$25 Million Construction Loan, Welcomes Ocean Partners as new Strategic Catalyst for the New Amalga Gold Project
Ocean Partners UK Limited has signed binding term sheets covering a commercial offtake agreement for up to 100% of production for the first seven years of commercial operation at the New Amalga Gold Project in Southeast Alaska, a C$6 million equity investment, and a construction loan and overrun facility of up to US$25 million. The equity is priced at $0.45 per unit, each with a half warrant exerc
FinancingGrande Portage Resources Launches Busy Summer Season with 2026 Drill Program at the New Amalga Gold Project
Drilling has begun at the New Amalga Gold property near Juneau, Alaska, with up to 4,300 metres of diamond drilling from up to 14 holes plus installation of downhole instrumentation, aimed at upgrading resource classification and gathering geotechnical and hydrogeological data for permitting and mine development. Work includes geotechnical logging, piezometer installation, packer testing and groun
Drill resultsGrande Portage Resources Advances Ongoing Project Studies and Fieldwork to Support New Amalga Gold Project Development
Multiple engineering studies and environmental fieldwork programs are underway at the New Amalga Gold Project near Juneau, Alaska, to provide inputs for the state and federal environmental review and permitting process. The 2026 field season work includes access road design and geotechnical surveys, aquatic, avian and wildlife surveys, archaeological and cultural resource studies, geochemical char
Study resultsGrande Portage Resources Initiates Full Scale Geochemical Characterization Program and Backfill Testwork for the New Amalga Gold Project
A Geochemical Characterization Program has begun for the New Amalga Gold property in Southeast Alaska, with samples shipped April 24 to SGS North America for labwork and program design and technical oversight by Stantec Consulting Services Inc. The program tests rock types in areas planned for extraction under the PEA mine plan (effective date February 11, 2026), following 2020-2021 testwork on a
Drill resultsGrande Portage Resources Announces SEDAR+ Filing of Preliminary Economic Assessment (PEA) Study for the New Amalga Gold Project in SE Alaska
A NI 43-101 Preliminary Economic Assessment technical report for the New Amalga Gold Project, 25 km north of Juneau, Southeast Alaska, has been filed on SEDAR+, with an effective date of February 11, 2026, prepared by SRK Consulting Canada, Core Geoscience, OreLogic, DRW Geological Consultants and RESPEC. Grande Portage states there are no material differences from the results disclosed in its Apr
Study resultsGrande Portage Resources Announces Results of Preliminary Economic Assessment (PEA) Study for the New Amalga Gold Project in SE Alaska
A maiden PEA for the New Amalga Gold Project, 25 km north of Juneau, Southeast Alaska, shows a pre-tax NPV(5%) of US$979 million and 69% IRR (after-tax US$721 million and 56%) at US$3,200/oz gold, with a 1.3-year after-tax payback. The plan is a 1,150 tpd underground mine over 7 years shipping 1.05 million gold ounces, averaging 150,000 oz per year at 17.6 g/t after sorting, with pre-production ca
Study resultsGrande Portage Resources Secures Drilling Contractor for 2026 Program at the New Amalga Gold Project and Provides Project Update
A drilling contract has been signed with Timberline Drilling Inc for the 2026 program at the New Amalga Gold property in Southeast Alaska, covering up to 4,300 metres of diamond drilling from up to 14 holes plus downhole instrumentation, with work expected to begin in late June under a US Forest Service operations permit obtained in January. The drilling will upgrade resource classification and ga
Drill resultsGrande Portage Receives US Forest Service Special Use Permit for Environmental Infrastructure at the New Amalga Gold Project
A fully executed US Forest Service Special Use Permit was received on January 5 for the New Amalga Gold Project in Southeast Alaska, authorizing installation of an environmental data collection station, additional meteorological monitoring equipment, stream gauging sensors, and satellite uplink and power infrastructure to support future air quality and APDES permits. The project hosts Indicated Re
CorporateGrande Portage Reports Advancements of Transportation Infrastructure at the New Amalga Gold Project
A State of Alaska road easement application covering roughly the initial one-third of the access road to the New Amalga Gold Project, 25 km north of Juneau, Alaska, has reached the adjudication stage at the Department of Natural Resources, with an archaeological and cultural resources survey contracted for early spring; the remaining two-thirds lies on Federal land under a separate process. At Cas
CorporateAdditional Offtake Study Validates the Flexibility of Offsite-Processing Configuration for the New Amalga Gold Project
An independent marketability study by H Okumura Consulting Ltd found that material from the New Amalga Gold Project in Southeast Alaska could be sold to processing facilities outside China, with high silica content making it attractive as copper smelter feed and a substitute for purchased silica flux; multiple non-Chinese copper smelters expressed interest. The development concept uses underground
Study resultsNew LiDAR Survey Validates & Supports Grande Portage Resources’ Development Plans at the New Amalga Gold Project---Updated Project Summary
Survey data from an aerial LiDAR scan at the New Amalga Gold property in Southeast Alaska has been received, conducted by Anchorage-based NV5 Geospatial over the area of potential infrastructure development and the access road corridor, validating planned locations of surface facilities. The project hosts an Indicated Resource of 1,438,500 ounces of gold at 9.47 g/t Au (4,726,000 tonnes) and an In
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