Grande Portage Resources Advances New Amalga Gold Project Amidst Favorable Market and US Policy Climate

29 March 2025
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Grande Portage Resources Ltd.

TSXV: GPG | OTCQB: GPTRF | FSE: GPB

By Jamie Hyland

Grande Portage Resources Ltd. has taken a significant step forward in its mineral exploration endeavors by filing the 2025 Plan of Operation for the New Amalga Gold Property in Southeast Alaska. This initiative aligns with the current administration’s push to bolster domestic mineral production and comes at a time when gold prices have surged past $3,100 per ounce.​

The New Amalga Gold Property, formerly known as the Herbert Gold project, is strategically situated within the prolific 100-mile-long Juneau Gold Belt, renowned for yielding millions of ounces of gold over the years. The 2025 exploration plan includes up to 10,000 meters of diamond drilling, detailed mapping, and trench sampling aimed at expanding previous exploration efforts. The program will utilize up to eight drilling pads to test approximately 15 holes targeting the main mineralized structures of the Goat, Main, Sleeping Giant, and Deep Trench veins. These structures have demonstrated significant potential, with individual veins traceable for over 500 meters along strike and extending from surface levels to depths of 350 meters below sea level. ​

Map of showing the location of the proposed New Amalga Mine Project in Juneau

Ian Klassen, President and CEO of Grande Portage Resources, expressed enthusiasm about the project’s progress, stating, “The New Amalga Gold Property represents a cornerstone in our exploration portfolio. Our 2025 plan is designed to build upon previous successes and unlock the property’s full potential, contributing to both our company’s growth and the broader economic development of the Juneau region.”

The timing of Grande Portage’s initiative coincides with President Donald J. Trump’s recent executive order aimed at increasing American mineral production. The order mandates that federal agencies expedite the review and advancement of mineral production projects, emphasizing the importance of domestic resource development for national security and economic prosperity. ​

Southeast Alaska, particularly the Juneau area, has a rich history of mining that continues to play a vital role in its social and economic fabric. The region is home to the Hecla Greens Creek Mine on Admiralty Island, recognized as the largest silver mine in the United States, and Coeur Alaska Inc.’s Kensington Mine, a gold operation located approximately 45 miles north of Juneau. These mines have been instrumental in providing employment opportunities and fostering economic stability in the area.​

Grande Portage Resources is committed to engaging with the local community as the New Amalga project progresses. The company has outlined plans for increased public outreach, including sharing detailed work schedules and project updates. This approach aims to ensure transparency and foster strong relationships with stakeholders, recognizing the importance of community support in the project’s success.​

The surge in gold prices, now exceeding $3,100 per ounce, further underscores the project’s potential economic benefits. This favorable market condition enhances the viability of mining operations and positions the New Amalga Gold Property as a promising asset in Grande Portage’s portfolio.​

In summary, Grande Portage Resources’ filing of the 2025 Plan of Operation for the New Amalga Gold Property marks a pivotal advancement in the company’s exploration activities. Supported by favorable federal policies and robust gold prices, the project holds significant promise for contributing to the economic vitality of the Juneau region and reinforcing the importance of domestic mineral production in the United States.

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Disclaimer
MiningIR hosts a variety of articles from a range of sources. Our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR
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