Business
Grande Portage Resources Ltd. Announces 8.08 Metres of 55.53 gpt Gold
Other Significant Gold Intercepts also Reported VANCOUVER, Sept. 20, 2012 /CNW/ - Gra...
About this update from Grande Portage Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nOther Significant Gold Intercepts also Reported\n\n\nVANCOUVER, Sept. 20, 2012 /CNW/ - Grande Portage Resources Ltd. (TSX-V\n GPG) (\"Grande Portage\" or \"the Company\") is pleased to announce\n additional assay results from 7 diamond drill holes from the Deep\n Trench vein including 1 hole which also intersected the Main vein on\n its Herbert Glacier gold project located near Juneau, Alaska.\n\n\nDDH 311A intersected shallow, high grade mineralization totaling 8.08\n metres of 55.53 grams per tonne gold (1.621 ounces per ton) from 36.06\n metres to 44.14 metres, including 3.58 metres of 108.86 grams per tonne\n gold (3.179 ounces per ton). Additionally, results from the other F Platform holes effectively\n extend the mineralized envelope of the Deep Trench vein system westward\n by approximately 40 meters.\n\n\nResults of the drilling by the Company in the 2012 season have\n significantly increased the extent of mineralization by both infill and\n step-out drilling, have discovered new high grade mineralization within\n the greater mineralized envelope and have suggested new targets for\n further exploration.  Project manager Carl Hale stated \"In 40 years as\n a field geologist the Herbert Glacier is one of the most exciting gold\n projects I have ever worked on in terms of its potential to become a\n mine and we have thousands of meters of veins which have barely been\n touched.\"\n\n\nTo date, 100 per cent of holes drilled have encountered gold\n mineralization. Since 2010, the Company has completed 97 drill holes\n from 15 platforms totaling approximately 13,870 metres of NQ2, NQTW and\n BQTW diamond drilling, including 51 holes (7340 meters) drilled to date\n in 2012 (most of which assays are still pending), with at least 12 more\n holes planned before season's end. Additional drilling will focus on\n the Main Vein system and the Goat Vein to the north of Deep Trench and\n the H Pad on the Deep Trench vein, which will be a 110 meter step-out\n to the east from G Pad.\n\n\n20 new holes, totaling approximately 2600 metres, were completed in\n August in a program designed to test the western extent of the Deep\n Trench vein, which remains open to the west, east and at depth.  The\n assay returns from DDH 12O-1, a 50 metre step-out eastward,\n demonstrates that the vein system remains open, showing a ver...