Grande Portage Resources Reports New Assay Results from Its Herbert Gold Project in S.E. Alaska
15:00 Uhr | Newsfile
Vancouver, November 24, 2020 - Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB) ("Grande Portage" or "the Company") is pleased to announce additional assay results from its recently completed drill program at its Herbert Gold Project located in S.E Alaska. The following discussion presents only the results to date from Pad T, the northern most pad which tested the North vein, Goat vein, Sleeping Giant, Ridge veins and the Main vein. Future news releases will disclose results from Pads U, Y, H, and the balance of T.
Assays to date from 2020 Pad T are shown in the summary table below:
Hole
From To
Intrvl. §
Name
(m) (m)
(m)§Au, g/t Location
20T-2
29.45 37.5
8.05 5.820§Eastern Goat, hanging wall
20T-2B 292.24 293.7 1.46 43.030 Ridge§
20T-2B 332.68 334.08 1.40 17.293§N. Strand of Main Vein
20T-2B 390.40 394.19 3.79 3.842§Main Vein
20T-3 133.61 136.96 3.35 2.012§H.W. Satellite to Goat V.
20T-3 181.23 183.94 2.71 52.337§Goat Vein
20T-5 228.82 229.25 0.43 8.113§Footwall strand of Goat
20T-6 109.26 109.70 0.44 7.069§H.W. Satellite to Goat V.
20T-6 145.38 147.00 1.62 15.266§Goat Vein
20T-6 251.90 254.04 2.14 2.552§Sleeping Giant
20T-6 293.05 294.12 1.07 7.543§Sleeping Giant
20T-6 416.80 418.76 1.96 5.782§Main Vein
20T-7 145.31 145.75 0.44 7.128§H.W. Satellite to Goat V.
20T-7 182.79 186.53 3.74 10.527§Goat Vein
20T-7 259.79 264.02 4.23 2.516§Footwall strand of Goat
20T-7 295.83 299.05 3.22 20.701§Sleeping Giant
20T-7 465.13 468.04 2.91 7.083§Main Vein
20T-8 165.31 166.42 1.11 3.351§Goat Vein
20T-8 422.26 424.89 2.63 18.674§Main Vein
20T-9 397.37 399.48 2.11 1.210§Main Vein
The Main and Goat veins have extraordinarily strong and consistent east-west structures with numerous associated splays and satellite structures which are often well-mineralized and constitute future drill targets. Most notable among the veins found in the structural block between the Goat and the Main veins are the Ridge, the North Strand of the Main vein, and the newly recognized Sleeping Giant. Veins located in this block tend to be shorter and not as predictable as the Goat, Main and Deep Trench veins, but often have rich gold values and are expected to contribute significantly to the total gold resource in the Herbert system.
Drilling on the Goat vein from Pad T was mainly designed to test the eastern limits of previously known mineralization. Hole 20T-5 was the eastern-most hole drilled from this platform (about 200 meters east of previous drilling) and intersected approximately 5 meters of strong shearing and hydrothermal alteration, confirming the continuance of the mineralized structure. Hole 20T-6, drilled 30 meters to the west, also hit strong shearing but with lower grade gold values.
However, just 30 meters into the hanging wall in 20T-6, a satellite structure or splay of the Goat vein returned an impressive 1.62 meters assaying 15.27 g/t Au with visible gold in the core. This suggests that during the mineralizing event the gold followed the hanging wall split instead of the main Goat structure due to the prevailing structural parameters at the time. Additionally, only approximately 10 meters further west and 40 meters below that intersection with the Goat vein in 20T-6, hole 20T-7 revealed a 7-meter Goat vein intercept which contained a 3.74 meter zone assaying 10.527 g/t Au within which has a 68cm section contained 51.33 g/t Au with visible gold. The Company will conduct follow-up drilling in this area for greater definition and understanding.
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