Business
Grande Portage Resources Intersects 51.5 gpt/gold over 3.53 Metres (11.7 ft) at Herbert Gold Project in S.E. Alaska
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Grande Portage Resources ...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"Grande Portage Resources Intersects 51.5 gpt/gold over 3.53 Metres (11.7 ft) at Herbert Gold Project in S.E. AlaskaVancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB); (\"Grande Portage\" or \"the Company\") is pleased to release partial drill results from its summer/fall 2021 drill program at its 100% controlled Herbert gold project in SE Alaska. The exploration program was completed in late October 2021. Drill holes released today are from infill and expansion drilling at the Herbert project. The results of the 2021 program will be added to the Company's NI#43-101 mineral resource estimate reported at a base case mineral resources cut-off grade of 3.0 grams per tonne gold (g/t gold) and consists of: an indicated resource of 1,196,800 ounces of gold at an average grade of 10.23 g/t gold (3,637,000 tonnes) and an inferred resource of 325,900 ounces of gold at an average grade of 8.91 g/t gold (1,138,000 tonnes).Herbert drilling highlights include:3.53 metres at 51.5 gpt/gold in hole 21W-1 including 0.54 metres of 305.09 gpt/gold (8.91 opt) and 157.3 gpt/silver on the Main vein. This intersection is 63 metres deeper than the high-grade intersections in 10C-1 and 85 metres deeper and east of 11I-5 and 81 metres west of a low-grade intersection in 17L-3. This area was previously estimated to be low-grade due to its distance from higher-grade holes. This intersection will materially impact this area.1.77 metres at 11.36 gpt/gold in hole 21Q-3. This intersection is at the deepest limits of drilling to date on the Main vein and is open to depth and eastward. 21Q-4 for which assay results have not been received was drilled about 120 metres deeper and looks similar. This intersection is 125 metres east of an isolated high-grade intersection in 20T-7.2.45 metres at 9.34 gpt/gold in hole 21X-2. This intersection is above a high-grade intersection in 17L-2 and below a lower-grade intersection in 17L-3, expanding the higher grade zone by approximately 50 metres.The holes for which sample analyses have been completed are listed in the chart below. The seven holes which still have incomplete results and which will be presented in future news releases are 21Q 4-6 and 21Z 1-4. HoleCollar E. Collar N. Elev., m. Az. Dip T. D., m. 21P-15184146488282141185-75397.502...