VANCOUVER, Nov. 27 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it recently received the results from 16.65 line km of 3-D Induced Polarization Geophysics. The IP survey outlined two semi-circular conductive bodies with corresponding zones of resistivity in the northern and southern portions of the grid that coalesce into a 500 metre to 800 metre wide (east-west) by 2000 metres long (north-south) chargeable body that is evident at 400 metres below surface, the depth limit of the survey. The conductor is still open to depth to the north and south-southeast.
The grid was centered over a silt sample discovery made in 2006. The silt sampling program highlighted an area of multiple drainages reporting elevated nickel, copper, cobalt and chromium at an order of magnitude higher than results from nearby streams. Subsequent prospecting in 2007 led to the discovery of a sulphide-bearing gabbroic body found in a streambed within an area ostensibly of andesitic to basaltic volcanics and limestone. Locally there are mafic intrusive bodies present that have not been mapped at a regional scale. However, the importance here is the geochemical signature and now corresponding geophysical features.
For follow up in 2008, permitting will be submitted for additional geological and geophysical ground work and diamond drilling of the anomalies to further define and explain the feature.
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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