Business
Grande Portage Resources Announces Field Program Now Underway
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Grande Portage Resources Ltd...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"Grande Portage Resources Announces Field Program Now UnderwayVancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Grande Portage Resources Ltd. (TSXV: GPG) (\"Grande Portage\" or \"the Company\") is pleased to announce that it has commenced its summer field program at its 100% controlled Herbert Gold project located north of Juneau, Alaska. The program will include trenching and channel sampling on numerous locations on the Deep Trench Vein and other locations on the Main Vein.Trenching on the Deep Trench Vein will be conducted near the central portion of the vein and near the eastern limit of past successful drilling which focused on an outcrop where chip sampling of the vein assayed 14.1 g/t Au. Another location for trenching has been chosen near the eastern end of the vein where it has split into two strands. The north strand was intersected by DDH 10B-1 and returned 0.52 m of 9.40 g/t Au and crops out just west of the drill station in a steep, rugged gully where the trench will be located.Additional fieldwork will include geological mapping, metallurgical sampling and new prospecting on the property as a follow up to the Company's 2018 LiDAR survey. The survey accurately identified all of the known mineralized quartz veins, as well as a minimum seventeen additional structures that are similar in geometry and appearance within the same quartz diorite host. To date, prospecting, mapping and drilling has tested less than 1,000m of the 4,600m gold trend, and this survey clearly extends the prospective structures for another >1,400 m to the southeast and 400 m to the northwest. These new structures will be prospected, mapped, and sampled to assess each one. All targets are located within the Company's current claim portfolio.Ian Klassen, President reports \"As a follow up to our 2019 updated mineral resource calculation, we are enthusiastic to conduct \"on the ground\" reconnaissance of the LiDAR survey targets. We are hopeful to find additional structures similar to the ones that host the Herbert Gold's expanding Indicated resource of 606,000 ounces at an average grade of 10.03 g/t gold and Inferred resource of 252,000 ounces at an average grade of 14.15 g/t gold.\"Lastly, the Company announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, officers and ...