DGAP-News: Grande Portage Resources Announces the Completion of Its 2017 Drill Program at the Herbert Gold Project with a Continuation of Visible Gold Encountered in Core

Nachricht vom 05.10.2017 (www.4investors.de) -


DGAP-News: Grande Portage Resources Ltd. / Key word(s): Miscellaneous

Grande Portage Resources Announces the Completion of Its 2017 Drill Program at the Herbert Gold Project with a Continuation of Visible Gold Encountered in Core
05.10.2017 / 09:05


The issuer is solely responsible for the content of this announcement.

Vancouver, British Columbia--(Newsfile Corp. - October 5, 2017) - Grande Portage Resources Ltd. (TSXV: GPG) ('Grande Portage' or 'the Company') is pleased to announce that it has now completed twelve holes and 3700 metres of its recent 'step-out' (all beyond the limits of the existing resource) drill program. ICP fire assays from ALS Canada Ltd. are pending and are expected to be received by the company shortly and continue through to the end of November. In addition to the normal fire assays and ICP multi-element analyses, the Company has also ordered 78 metallic screen samples where visible gold was noted, to capture coarse gold which might otherwise be lost during processing.This drill program is a continuation of the Herbert Gold discovery and will be a multiphase/multi-year exploration program. The recent program was designed to extend testing of three separate major veins and their satellite structures and further develop grade tonnage with exceptional previous drill results such as: 11E-2 which graded 37.07 gpt/gold over 15.27 metres; 311A which graded 59.91gpt/gold over 8.08 metres; and 11D-1 which graded 72.3 gpt/gold over 3.05 metres. (Please refer to www.grandeportage.com for all previous drill results.)Project geologists are extremely encouraged by visual inspection of the core from all 4 of the drill pads. Every hole hit its intended target(s) and many holes encountered subsidiary veins of substantial size with mineralization, such as galena, sphalerite and visible gold suggesting that the upcoming assays should be consistent with past results from the property. The remaining 3 veins as yet are largely untested and will be drilled in future programs. Several holes such as 17L-3, 17U-1, and 17Y-1 & 2, were designed to test two major veins each. Three of the holes tested the Deep Trench vein much deeper than any previous drilling with very good visual results. Hole 17Y-2 hit visible gold in the Deep Trench vein over 300 metres below sea level which is a good indication that strong grades are not limited by depth. Drilling on the Goat vein was designed to extend the known strike length of the mineralization previously drilled from only one pad. Intersections of the vein drilled from pads K and L prove a strike length of at least 300 metres but when combined with rare surface outcrops and topographic features, a length of at least 600 metres is indicated. The deepest drilling on the Goat to date is slightly less than 200 metres.Ian Klassen, Grande Portage's CEO remarked, 'We are delighted with the drilling program this year. For some time, our team has known that the Herbert gold discovery has significant expansion potential and this is evidenced by the fact we continue to intercept gold bearing veins laterally and at depths not encountered before.'The Herbert Gold property is in the historic Juneau Gold Belt, formerly a world class district with producers such the AJ and Treadwell mines and literally dozens of smaller gold mines and prospects. Overall gold production from the district is over 7 million ounces. In 2010, the district was reactivated by the reopening of Coeur Alaska's Kensington gold mine located northwest of the Herbert property and is on track to mine 125,000 ounces Au in each of the next 12+ years. In addition, strong community support has been demonstrated for Hecla Mining Company's polymetallic Green's Creek Mine, a massive sulfide deposit containing silver, gold and zinc located in a parallel trend 20 kilometres to the west.Carl Hale, CPG, a geologist with more than 40 years of experience is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.About Grande Portage Resources Ltd.Grande Portage Resources Ltd. is a Tier 2 publicly traded mineral exploration company principally focused on the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property has a NI 43-101 technical report completed with indicated resources of 821,100 tonnes containing 182,400 oz of gold at 6.91 g/t. Inferred resources of 51,600 tonnes containing 12,800 oz of gold at 7.73 g/t. The system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced nearly seven million ounces of gold. Grande Portage conducted an initial drill program in the fall of 2010. The results from the drilling program confirm the identification of major elements of a complex mesothermal gold-quartz system with numerous targets. Subsequently, the Company has conducted follow up drill programs of with a total of 108 diamond drill holes from ten different platform locations. ON BEHALF OF THE BOARD OF DIRECTORS________________________________________Ian Klassen, PresidentFor further information please contact:Mr. Ian KlassenPhone: (604) 899-0106Email: ian@grandeportage.comWebsite: www.grandeportage.comNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/29489












05.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
Grande Portage Resources Ltd.






Canada
ISIN:
CA38655P2017

 
End of News
DGAP News Service




616089  05.10.2017 





PfeilbuttonQSC will an der Börse und bei Kunden in die Offensive - Exklusiv-Interview
PfeilbuttonSTARAMBA SE: „Das Potenzial für STARAMBA.spaces ist riesig“ - Exklusiv-Interview
PfeilbuttonAnleihe-Emission von Euges: „Wollen eine Vertrauensgrundlage aufbauen“ - Exklusiv-Interview!
PfeilbuttonBitcoins, Tulpen und die Lust auf schnelles Geld
PfeilbuttonNanogate: „Nächster Wachstumssprung“ - Exklusiv-Interview mit Ralf Zastrau


+++ Exklusive Interviews und Analysen - gratis in Ihre Mailbox! +++

Tragen Sie sich jetzt für unseren kostenlosen 4investors Newsletter ein.


Bestätigungslink nicht per Mail bekommen? Bitte kontrollieren Sie Ihren Spamordner!

Der 4investors Newsletter erscheint unregelmäßig, i.d.R. 2 bis 6 Mal pro Monat. Wir geben ihre Mailadresse an keinen Dritten weiter! Sie können den kostenlosen 4investors Newsletter jederzeit problemlos wieder abbestellen.
comments powered by Disqus


Aktuelle Nachrichten aus der 4investors-Redaktion

15.12.2017 - co.don: Konzernchef Hessel geht
15.12.2017 - Steinhoff versilbert PSG-Anteile - Aktie fällt
15.12.2017 - innogy Aktie: So unterschiedlich können Reaktionen ausfallen
15.12.2017 - CropEnergies: Aktie der Südzucker-Tochter unter Druck - Quartalszahlen
15.12.2017 - mic AG: Kapitalerhöhung über Börsenkurs!
15.12.2017 - Siemens verstärkt Aktivitäten im Bereich Digitalisierung
15.12.2017 - Hönle erreicht die Prognosen
15.12.2017 - Steinhoff Aktie - abseits aller News: Darauf müssen Trader achten!
15.12.2017 - mic Aktie: Der Aufwärtstrend bleibt intakt
15.12.2017 - Nordex Aktie: Gut aufpassen!


Chartanalysen

15.12.2017 - Steinhoff Aktie - abseits aller News: Darauf müssen Trader achten!
15.12.2017 - mic Aktie: Der Aufwärtstrend bleibt intakt
14.12.2017 - Aurelius Aktie: Die Trendentscheidung naht!
14.12.2017 - Dialog Semiconductor Aktie: Hartes Ringen um den Trend
14.12.2017 - Nordex Aktie: Steht hier der Ausbruch nach oben an?
14.12.2017 - Aixtron Aktie: Die Chancen steigen!
14.12.2017 - Softing Aktie: Starkes Kaufsignal voraus?
13.12.2017 - Commerzbank Aktie: Wird das doch noch eine Zitterpartie?
12.12.2017 - Tesla Aktie: Die große Chance?
12.12.2017 - Evotec Aktie: Richtig starke Signale für die Bullen!


Analystenschätzungen

15.12.2017 - SFC Energy: Kursziel für die Aktie massiv erhöht!
15.12.2017 - Aurubis: Neue Analystenstimmen zur Aktie
15.12.2017 - Commerzbank Aktie: Trotz Verkaufsempfehlung Ausbruch bestätigt
15.12.2017 - Wirecard Aktie: Immer noch Aufwärtspotenzial
15.12.2017 - Deutsche Bank Aktie: Neues Kursziel!
15.12.2017 - Hapag-Lloyd: Rating-Ausblick erhöht
14.12.2017 - RWE Aktie: Übertriebene Verluste nach der innogy-Gewinnwarnung?
14.12.2017 - Siemens: Top-Aktie für das kommende Jahr?
14.12.2017 - mutares Aktie: Positive Neuigkeiten
14.12.2017 - Aixtron: Profitiert der Konzern von Apple und Finisar?


Kolumnen

15.12.2017 - EZB gibt sich skeptisch hinsichtlich eines „selbsttragenden Preisauftriebs” - Commerzbank Kolumne
15.12.2017 - Volkswagen Aktie: Top-Bildung möglich - UBS Kolumne
15.12.2017 - DAX: Hohe Volatilität vor Verfallstag - UBS Kolumne
14.12.2017 - Mario Draghi zeigt sich entspannt - VP Bank Kolumne
14.12.2017 - US-Steuerreform: Impulse für mehr Wachstum in 2018 - Nord LB Kolumne
14.12.2017 - Konflikte um den geldpolitischen Kurs in Europa dürften sich weiter verschärfen - National-Bank
14.12.2017 - Fed strafft weiter, weitere Anhebungen im kommenden Jahr wahrscheinlich - Commerzbank Kolumne
14.12.2017 - Siemens Aktie: Bodenbildung möglich - UBS Kolumne
14.12.2017 - DAX: Spannung nach der Zinsentscheidung der Fed - UBS Kolumne
14.12.2017 - Janet Yellen schmeißt zum Abschied noch eine letzte Runde - VP Bank Kolumne

Werbung

All Right Reserved by minimalthemes - ©2014 Stoffels & Barck GbR