Grande Portage Resources Ltd. Announces 15.27 Metre Intercept of 1.084 Ounces Gold per Tonne-- Other Multi-Ounce Intercepts Also Received

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 2, 2011 /CNW/ - Grande Portage Resources Ltd. (TSX-V\n GPG) (\"Grande Portage\" or \"the Company\") is pleased to announce the\n first assay results of 2011 from its property at the Herbert Glacier\n gold project located near Juneau, Alaska.\n\n\nIn June 2010, Grande Portage entered into an agreement with Quaterra\n Resources Inc. (TSX-V: \"QTA\", NYSE Amex: \"QMM\") to explore the Herbert\n Glacier gold property. GPG has now fully earned its 65% interest in the\n property. Grande Portage and Quaterra will form a joint venture for the\n further exploration and development of the project, with each party\n bearing their proportionate share of costs.\n\n\nInitial 2011 assays have returned numerous multi-ounce gold samples. A\n weighted average which includes most of the vein structure encountered\n in 11E-2 from 137.1 metres to 152.37 metres graded 1.084 opt over a\n true width of 8.76 metres. Highlights within that zone include a 6.570\n opt interval from 147.07metres to 148.14 metres. Multi-ounce assays\n were also reported from 150.57 metres to 150.83 metres (2.389 opt) and\n 148.14 metres to 149.70 metres (4.132 opt).\n\n\nAnother weighted average assay in hole 11E-2 within the main zone of\n 147.07 metres-149.70 metres graded 5.124 opt over a true width of 1.50\n metres. Assays in excess of 1 opt were also reported in drill hole\n 11E-1, particularly 1.504 opt from 110.92 metres to 111.25 metres and\n 1.402 opt from 111.25 metres to 112.16 metres. High grade intervals\n from 11E-1 are contained within a zone from 107-115.82 metres showing a\n weighted average of 0.419 opt over a true width of 6.95 metres. These\n holes are located near the western end of the Deep Trench vein.\n\n\nA table of the results to date are provided below:\n\n\nHole\n\n\n\n\n\nFrom\n\n\n\n\n\nTo\n\n\n\n\n\nIntrvl.\n\n\n\n\n\nAu, scr.\n\n\n\n\n\nAu, \n\n\n\n\n\nAu\n\n\n\n\n\nTot. Intv.\n\n\n\n\n\nTrue\n\n\n\n\n\nWeighted\n\n\n\n\n\nIncluded\n\n\nName\n\n\n\n\n\n(m)\n\n\n\n\n\n(m)\n\n\n\n\n\n(m)\n\n\n\n\n\nppm\n\n\n\n\n\noz/ton\n\n\n\n\n\noz/tonne\n\n\n\n\n\n(m)\n\n\n\n\n\nWidth\n\n\n\n\n\nAvg., Auopt\n\n\n\n\n\nInterval\n\n\n11E-1\n\n\n\n\n\n107.00\n\n\n\n\n\n108.97\n\n\n\n\n\n1.97\n\n\n\n\n\n19.50\n\n\n\n\n\n0.569\n\n\n\n\n\n0.627\n\n\n\n\n\n8.82\n\n\n\n\n\n6.95m\n\n\n\n\n\n0.419\n\n\n\n\n\n(107.0m-115.82m)\n\n\n11E-1\n\n\n...

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