Grande Portage Assets Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (“Grande Portage” or the “Firm”) is happy to announce outcomes from testwork of a sensor-based ore sorting system, using a composite core pattern from the New Amalga Mine Undertaking positioned roughly 16 miles (25 km) northwest of town of Juneau.
Abstract of Outcomes:
Unsorted Feed
Sorter Reject
Sorted Product
Mass (kg)
64.8 kg
37.2 kg
27.6 kg
% Mass Distribution
100%
57%
43%
Gold Grade (g/t)
5.9 g/t
0.6 g/t
12.9 g/t
% Gold Distribution
100%
6%
94%
Ian Klassen, President and CEO feedback: “We’re extraordinarily happy with the outcomes of the testwork with the Steinert ore sorting gear, which demonstrated glorious potential to establish and reject the unmineralized particles inside the pattern of New Amalga materials, leading to a 120% improve in gold grade and a 57% discount in mass with very minimal gold loss.”
Mr. Klassen continued: “These outcomes are recreation altering for a bunch of causes. Integrating ore sorting into the conceptual mine manufacturing plan considerably reduces the quantity of mined rock requiring transportation and processing at a third-party facility, decreasing per-ounce prices and likewise offering helpful sorter-reject materials for underground backfill, all with out using chemical processing reagents. This additional enhances the prevailing benefits of our proposed direct-ship mine configuration which makes use of offsite processing. As demonstrated by the take a look at outcomes, it might additionally create alternatives for inclusion of thinner veins into the mine plan – areas of the deposit which in any other case might not have been thought of viable.”
Background:
As beforehand introduced, the Firm’s Conceptual Mining Plan envisions the long run growth of the New Amalga gold mine as a selective underground mining operation which might ship ore off-site to be processed at a third-party facility, enabled by the mission’s location close to tidewater and fewer than 4 miles (6.5km) from current paved freeway (Fig. 4). This leads to a dramatically diminished mine website footprint as a result of avoidance of chemical processing and tailings storage amenities.
The aim of ore sorting is to rapidly separate particles of waste dilution rock from the mined materials, with out using chemical reagents. The purpose is to considerably cut back the quantity of fabric that will be transported off-site to a third-party processing facility.
Grande Portage assembled a drill core composite which included each ore and waste materials to replicate the dilution from wall rock (waste) which is inherent with underground blasting of slender ore veins. The core composite was subjected to a sensor-based ore sorting take a look at course of on the amenities of Steinert US Inc, a number one international producer of ore-sorting gear.
Technical Description of Ore Sorting Take a look at Course of:
Sensor-based ore sorting can make the most of quite a lot of measurements to find out whether or not a particle is ore or waste, together with colour, electromagnetic induction, laser, and x-ray evaluation to evaluate elemental composition. The crushed rock is positioned on a conveyor belt after which handed in entrance of the sensor, which quickly analyzes the person items of rock. When a chunk of rock is recognized as waste, a puff of compressed air redirects it to a “reject” bin. The remining items of rock are despatched to the accepted “product” stockpile. (Fig. 2)
Positive particles too small to successfully type are usually mixed with the “product” stockpile, since higher-grade materials tends to provide extra fines throughout blasting and crushing as a result of greater sulphide content material and brittle nature of the quartz vein rock.
For the testwork, a sequence of reference samples had been analyzed by the sorter machine, reflecting core materials of varied classes together with “excessive grade ore”, “mid grade ore”, “low grade ore”, and “waste”. This allowed the sorter to study the traits of every sort of fabric with the intention to generate a sorting algorithm. Every of those reference samples had been sourced from a number of drill holes at numerous areas inside the deposit with the intention to seize any spatial variability within the rock traits.
After the sorting algorithm was developed, the composite pattern was fed into the sorter machine (Fig. 3). This composite was sourced from a number of drill holes in numerous areas of the deposit distinct from the reference samples. It included roughly 55% wall rock and 45% vein rock, reflecting potential waste dilution inside run-of-mine materials to simulate mining an space of vein narrower than the minimal mechanized mining width.
Along with the “product” materials, three splits of “reject” materials had been generated from sorting the pattern at progressively rising degree of selectivity, reflecting operation of the machine at numerous levels of sorting standards. All materials was then assayed at SGS-Lakefield.
All three “reject” splits returned assays beneath the extent which might be thought of viable to move and course of at a third-party facility, and had been subsequently labeled as waste, indicating that the very best degree of sorter selectivity is acceptable. In whole the sorter rejected 57% of the feed materials, indicating glorious alignment with the roughly 55% wall rock content material of the composite pattern.
Moreover, all materials was screened earlier than assay to gather unsortable fines (<1cm), which had been assayed individually. This confirmed that the fines contained a excessive diploma of gold mineralization and are applicable to mix with the “product” pattern. A full desk of outcomes is proven beneath (Fig. 1).
Fig. 1: Desk of Assay Outcomes
Reject
#1
Reject
#2
Reject
#3
Sorted Product
Unsortable Fines
Mass (kg)
12.2
13.1
11.9
22.6
5.0
Au (g/t)
0.48
1.09
0.30
12.9
13.1
Total Waste Rejected
Total Product
Mass (kg)
37.2
27.6
Au (g/t)
0.64
12.94
Fig. 2: Simplified Conceptual Diagram of an Ore Sorting System
Fig. 3: Picture of Ore Sorting Testwork Being Carried out on New Amalga Samples
A brief video of the testwork course of is on the market on YouTube at https://youtu.be/K4XzoRbjCXA
Fig. 4: Location of New Amalga Mine Undertaking
Kyle Mehalek, P.E.., is the QP inside the which means of NI 43-101 and has reviewed and accredited the technical disclosure on this launch. Mr. Mehalek is impartial of Grande Portage inside the which means of NI 43-101.
About Grande Portage:
Grande Portage Assets Ltd. is a publicly traded mineral exploration firm targeted on advancing the New Amalga Mine mission, the outgrowth of the Herbert Gold discovery located roughly 25 km north of Juneau, Alaska. The Firm holds a 100% curiosity within the New Amalga property. The New Amalga gold system is open to size and depth and is host to at the least six primary composite vein-fault buildings that comprise ribbon construction quartz-sulfide veins. The mission lies prominently inside the 160km lengthy Juneau Gold Belt, which has produced over eight million ounces of gold.
The Firm’s up to date NI#43-101 Mineral Useful resource Estimate (MRE) reported at a base case mineral sources cut-off grade of two.5 grams per tonne gold (g/t Au) and consists of: an Indicated Useful resource of 1,438,500 ounces of gold at a mean grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Useful resource of 515,700 ounces of gold at a mean grade of 8.85 g/t Au (1,813,000 tonnes), in addition to an Indicated Useful resource of 891,600 ounces of silver at a mean grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred Useful resource of 390,600 ounces of silver at a mean grade of seven.33 g/t silver (1,813,000 tonnes). The MRE was ready by Dr. David R. Webb, Ph.D., P.Geol., P.Eng. (DRW Geological Consultants Ltd.) with an efficient date of July 17, 2024.
ON BEHALF OF THE BOARD
“Ian Klassen”Ian M. KlassenPresident & Chief Government OfficerTel: (604) 899-0106Email: Ian@grandeportage.com
Cautionary Assertion Relating to Ahead-Wanting Info
This information launch contains sure “forward-looking statements” underneath relevant Canadian securities laws. Ahead-looking statements embrace estimates and statements that describe the Firm’s future plans, aims or targets, together with phrases to the impact that the Firm or administration expects a said situation or consequence to happen. Ahead-looking statements could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “might”, “might”, “would”, “will”, or “plan”. Since forward-looking statements are based mostly on assumptions and deal with future occasions and situations, by their very nature they contain inherent dangers and uncertainties as described within the Firm’s filings with Canadian securities regulators. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, aside from as required by regulation.
Please notice that underneath Nationwide Instrument 43-101, the Firm is required to reveal that it has not based mostly any manufacturing resolution on NI 43-101-compliant reserve estimates, preliminary financial assessments, or feasibility research, and traditionally manufacturing choices made with out such reviews have elevated uncertainty and better technical and financial dangers of failure. These dangers embrace, amongst others, areas which are analyzed in additional element in a feasibility research or preliminary financial evaluation, akin to the appliance of financial evaluation to mineral sources, extra detailed metallurgical and different specialised research in areas akin to mining and restoration strategies, market evaluation, and environmental, social, and neighborhood impacts. Any resolution to put the New Amalga Mine into operation at ranges meant by administration, broaden a mine, make different production-related choices, or in any other case perform mining and processing operations could be largely based mostly on inside private Firm information, and on reviews based mostly on exploration and mining work by the Firm and by geologists and engineers engaged by the Firm.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
Click on right here to attach with Grande Portage Assets (TSXV:GPG,OTCQB:GPTRF,FSE:GPB) to obtain an Investor Presentation
Supply
