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VANCOUVER, Aug. 11 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce the start of its drill program at the Pass Property near Smithers, B.C.
The program commenced on August 9, 2008 and the first hole, PAS-08-01, was completed to a final depth of 63.4 metres. The hole intersected a rusty stained, pyrite-bearing quartz vein from 44.35 metres to 45.11 metres. From 45.11-48.16 is a footwall zone of quartz stringer veinlets that are sulphide bearing and the host granodiorite contains 2-4% disseminated pyrite. Hole PAS-08-02 will test the same vein system down dip. The intervals reported above are core lengths, not true widths. Sample analysis will be undertaken by ALS Chemex at their facility in North Vancouver, BC.
The Company plans to drill approximately 40-50 holes as a follow up to its 2007 program where 44 rock grab samples were collected from old trenches hosting quartz-sulphide bearing veins. All of the samples reported gold, to a high of 72.95 g/t.
Of the 44 samples collected 13 reported in excess of 5.0 g/t gold including 6 samples exceeding 20 g/t gold. Silver values were consistently anomalous with 6 samples reporting in excess of 100 g/t silver, to a high of 365 g/t silver. Copper, lead and zinc were similarly anomalous with highs of 11.13% copper, 29.0% lead and 20.14% zinc.
The Company will issue further updates during the drill program as warranted.
Wes Raven, P. Geo., is the qualified person for this project and has reviewed and verified the contents of this news release.
About Grande Portage Resources Ltd.
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Grande Portage Resources Ltd. is a mineral exploration and development company focused on massive sulphide exploration in British Columbia. Grande Portage is operated by experienced managers and professionals who have been effective in discovery, mine development, and mining operations throughout North and South America, Africa, Europe, and Central Asia. The Company is well financed with no long term debt. More information is available online at www.grandeportage.com
ON BEHALF OF THE BOARD OF DIRECTORS ----------------------------------- Alistair MacLennan, Chairman
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE