VANCOUVER, BC, December 12, 2016 - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it has filed its 2017 Plan of Operation for Mining activities at its 100% owned Herbert Gold project near Juneau, Alaska.
Subject to regulatory approval, the proposed work schedule for 2017 consists of up to 15,000 feet of diamond drilling with additional detailed mapping and trench sampling to expand previous exploration. The program will consist of one diamond drill rig utilizing six pads to conduct multiple holes with the average length of each being approximately 550 feet in total length.
- NI#43-101 completed (Indicated resource of 821,100 tonnes containing 182,400 oz of gold at 6.91 g/t. Inferred resource of 51,600 tonnes containing 12,800 oz of gold at 7.73 g/t)
- The system consists of at least 6 parallel vein structures all of which are open to length and depth.
- Grande Portage has acquired a 100% interest in the Herbert Gold Property.
- Herbert Gold is one of Alaska's more promising prospects occurring in a remarkably unexplored district.
Previous drilling results have confirmed the existence of all the major elements of a complex mesothermal gold-quartz vein system with numerous targets. The Company has drilled a total of 108 diamond drill holes from ten different platforms since 2010. The results have been very favorable with numerous multi-ounce gold assays returned including 15.27 m of 37.07 gpt/gold (DDH11E-2). To date, metallurgical studies have yielded gold recoveries in excess of 94%.
The Herbert Gold Property is host to abundant composite vein-fault structures containing ribbon structure quartz-sulfide veins and lies prominently within the 100 mile long Juneau gold belt, which has produced nearly seven million ounces of gold through a total depth range of thousands of feet.
ON BEHALF OF THE BOARD OF DIRECTORS
Ian Klassen, President
For further information please contact:
Mr. Ian Klassen
Phone: (604) 899-0106
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.
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