Grande Portage Resources Ltd. Starts Drilling at the Herbert Glacier Gold Discovery in Alaska

About this update from Grande Portage Resources Ltd.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, June 20, 2012 /CNW/ - Grande Portage Resources Ltd. (TSXV:\n GPG) (\"Grande Portage\" or \"the Company\") is pleased to announce that it\n has commenced drilling at its mesothermal vein gold discovery near\n Juneau, Alaska.\n\n\nThe 2012 drill program will be divided into two primary objectives, the\n larger drill will go deep at 25 meter spacing in order to convert\n inferred ounces into the measured and indicated category. The smaller\n drill will explore 3000 meters of relatively shallow holes into 4 of\n the 5 principle vein structures. Each structure has a surface\n expression of approximately 1,000 meters and management anticipates\n data from up to 70 holes by the conclusion of this season's drilling.\n\n\nGrande Portage and Quaterra Resources, Inc. (TSX-V: \"QTA\", NYSE Amex:\n \"QMM\") have formed a 65%/35% joint venture for the further exploration\n and development of the property with each party bearing their\n proportionate costs.\n\n\nFurther to the Company's announcement made on June 11, 2012, the total\n incentive stock option grants to the Company's directors, officers,\n employees and consultants has been increased to up to 1.9 million\n shares, exercisable at a price of $0.15 per share for a period of 5\n years from the date of grant.\n\n\nThis news release has been prepared and approved by Carl Hale, CPG, a\n geologist with more than 40 years experience and a Qualified Person as\n defined under NI #43-101. Mr. Hale is supported by C. C. Hawley, Ph.D.,\n CPG of Hawley Resource Group, Inc. and Alaska Earth Sciences, Inc. of\n Anchorage, Alaska.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n________________________________________Ian Klassen, President\n\n\nNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS\n THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS\n RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE\n\n\n Mr. Ian Klassen Phone: (604) 899-0106 Email: [email protected] Website: www.grandeportage.com \n","length":2328,"tagName":"div"}]

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