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Grande Portage Announces Independent Updated Mineral Resource Estimate
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2019) - Grande Portage Resources Ltd. ...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"Grande Portage Announces Independent Updated Mineral Resource Estimate135% Increase for Indicated Gold Category and 206% Increase for Inferred Gold CategoryVancouver, British Columbia--(Newsfile Corp. - May 7, 2019) - Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB) (\"Grande Portage\" or the \"Company\") is pleased to report a new NI 43-101 Independent Mineral Resource Estimate for its 100% controlled Herbert Gold Project located in S.E. Alaska.The Mineral Resource estimate is quoted at a base case mineral resources cut-off grade of 2.50 grams per tonne gold (g/t Au) and consists of:An indicated resource of 606,500 ounces of gold at an average grade of 10.03 g/t Au (1,880,500 tonnes); andAn inferred resource of 251,700 ounces of gold at an average grade of 14.15 g/t Au (553,429 tonnes).Commenting on these results, Ian Klassen, President and CEO of Grande Portage stated, \"We are extremely pleased to release the revised independent resource estimate for the Herbert Gold Property, the result of a very diligent effort on the part of the Company's exploration team. We are confident that we will continue to significantly expand the resource as we further identify and drill test the prolific nature of this mesothermal vein deposit. We are very impressed with not only the increase in the indicated and inferred categories but the overall grade of the resource continues to improve too.\"The updated NI43-101-compliant resource estimate, authored by DRW Geological Consultants Ltd., used a total of 154 drill holes and 6 channel cuts to calculate the Mineral Resource. At total of 3,463 samples were assayed for gold and 2096 samples were analyzed for additional pathfinder elements. There were 1,171 unassayed sections of core that are assumed to be 0 gpt gold.Table 1. Sensitivity Analysis-Indicated Mineral Resource by Cut-offCut-offTonnesGradeOunces3.0 gpt 1,431,600 12.33 567,4502.5 gpt 1,880,500 10.03 606,500 2.0 gpt 2,636,100 7.80 660,930  Table 2. Sensitivity Analysis-Inferred Mineral Resource by Cut-offCut-offTonnesGradeOunces3.0 gpt 410,771 18.12 239,280 2.5 gpt 553,429 14.15 251,700 2.0 gpt 913,118 9.48 278,240  Table 3. Indicated Mineral Resourced at 2.5 gpt cut-off, by veinVeinTonnesAu gptounces AuGoat North1,300 3.04 130 Goat HW 142,900 8.27 37,990 Goat Vein 435,900 19.82 277,790 Main HW 132,900 2.72 11,6...