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Grande Portage Reports 3.11 Meters of 18.3 gpt/Gold At the Goat Vein; Also Confirms Gold in First Drillhole from the Elusive Vein Located 300 Meters South of Previous Drilling
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2020) -  Grande Portage Resou...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"Grande Portage Reports 3.11 Meters of 18.3 gpt/Gold At the Goat Vein; Also Confirms Gold in First Drillhole from the Elusive Vein Located 300 Meters South of Previous DrillingVancouver, British Columbia--(Newsfile Corp. - December 14, 2020) -  Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB) (\"Grande Portage\" or \"the Company\") is pleased to announce that drill hole 20T-11, which tested the Goat vein, returned a 3.11 meter intercept with a weighted average of 18.291 g/t Au including 0.74 m of 61.2 g/t Au. The metallic screened results have not been returned yet for this hole but they are typically higher because they include the coarse gold found in high grade intervals such as this one.In addition, drillhole 20H-3 has returned 1.78 meters grading 4.146 g/t gold at its intersection with the Elusive Vein. This hole is the first ever hole into the Elusive structure and represents a 300-meter stepout to the south of the Deep Trench Vein which was the previous southern limit of drilling. In 2018 the Company contracted a Light Detection and Ranging (LiDAR) survey on the Company's property holdings in SE Alaska which revealed numerous topographic linear elements related to geologic structures. The Elusive structure has, at best, only a subtle expression on the newly generated high-quality topographic LiDAR maps, but was selected as a high priority target on the basis of its parallel nature to the Goat, Main, and Deep Trench and a couple anomalous surface geochem samples. Surface exploration in 2019 discovered two outcrops of the structure which otherwise is deeply buried under colluvium and obscured by thick brush.Company geologists consider it significant that the first hole into the structure hit gold values (the metallic screening results have not been received yet) which could increase grades, future drilling is warranted. The character of the mineralization in the Elusive vein seen in 20H-3 is somewhat different than that seen in the other veins on the property with the relative lack of quartz being the main difference. Strong shearing and hydrothermal alteration are exhibited as in the other veins along with elevated levels of arsenopyrite and pyrite. The strength of this E-W vertical structure suggests that it likely extends the whole distance between the two NE-trending major boundary contacts, givin...