VANCOUVER, July 23 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce the following update:
Pass Property, Smithers, BC.
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The Company is in the process of signing a drill contract for up to 2000 metres diamond drilling to commence early August with a local contractor based in Smithers, B.C. It is anticipated that camp construction will begin the week of July 28 and take a week to complete with drilling to follow shortly thereafter. The program will consist of approximately 40 holes that will test the mineralization exposed in historic trenches on the property.
The drill program will focus on the high-grade gold-silver bearing polymetallic quartz veins from which selected grab samples collected in 2007 assayed up to 72.95 g/t gold, 365 g/t silver, 1.218% copper, 29.0% lead and 20.14% zinc.
Merry Widow, Vancouver Island, BC.
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The Company has initiated baseline environmental studies at the Merry Widow property within the drainage basin area of the past producing Merry Widow open pit. The water sampling program is being managed by Wardrop Engineering and is using local personnel from the Quatsino First Nation in an agreement between Grande Portage-Quatsino-Wardrop.
The program will entail monthly sample collection over a period of approximately one year to determine the baseline values in both the dry and wet season. The data will be used towards furthering development at the Merry Widow open pit. Personnel under the direction of Wardrop will collect the samples, along with blank and duplicate samples for quality control measures, and submit them to Maxxam Analytics Inc. in Burnaby, B.C. for analysis.
The Company will drill between 1,000 to 2,000 metres of core to test for extensions of the known mineralization at Merry Widow open pit. The program will focus over a strike length of 200 metres extending south of the pit to link up with the Marten zone. If the program is successful further drilling will be required to allow for a 43-101 compliant resource calculation to be added to the existing resource.
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
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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.
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