Business
Grande Portage files 2014 Plan of Operation--Alaska
VANCOUVER , Oct. 22, 2013 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Porta...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"\n\n\nVANCOUVER, Oct. 22, 2013 /CNW/ - Grande Portage Resources Ltd. (TSX-V\n GPG) (\"Grande Portage\" or \"the Company\") announces that it has filed\n its 2014 Plan of Operation for Mining Activities at the Herbert Gold\n project near Juneau, Alaska.\n\n\nSubject to an improved junior financing marketplace, work proposed for\n 2014 consists of up to 30,000 feet of diamond drilling, further\n detailed mapping and surface sampling and trench sampling as was done\n in 2010-2012. The program will consist of up to three drill rigs, two\n larger rigs and one smaller, more portable rig. The larger drills will\n use timbered drill pads, with most pads being used for multiple holes\n with the average length of hole about 550 feet.\n\n\nProject highlights:\n\n\n\nNI#43-101 completed (Indicated resource of 821,100 tonnes containing\n 182,400 oz of gold at 6.91 g/t. Inferred resource of 51,600 tonnes\n containing 12,800 oz of gold at 7.73 g/t)\n\n\nThe system consists of at least 5 parallel vein structures all of which\n are open to length and depth.\n\n\nGrande Portage has earned a 65% interest in the Herbert Gold Property.\n Its joint venture partner, Quaterra Resources Inc. (TSX-V: \"QTA\", NYSE\n Amex: \"QMM\"), holds the remaining 35% interest.\n\n\nHerbert Gold is one of Alaska's more promising prospects occurring in a\n remarkably unexplored district.\n\n\n3rd year of baseline environmental water studies is now complete.\n\n\n\nDrilling results have confirmed the existence of all the major elements\n of a complex mesothermal gold-quartz vein system with numerous targets.\n The Company has drilled a total of 108 diamond drill holes from ten\n different platforms since 2010. The results have been most favorable\n with numerous multi-ounce gold assays returned. To date, initial\n metallurgical studies have yielded gold recoveries in excess of 94%.\n\n\nThe Herbert Gold Property is host to abundant composite vein-fault\n structures containing ribbon structure quartz-sulfide veins and lies\n prominently within the 100 mile long Juneau gold belt, which has\n produced nearly seven million ounces of gold through a total depth\n range of thousands of feet.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n________________________________________\nIan Klassen, President\n\n\nStatements about the Company's future expectations and all other\n stat...