Grande Portage Adds Second Drill Rig, Expands Drill Program and Adds to Geological Team
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE ADDS SECOND DRILL RIG, EXPANDS
DRILL PROGRAM AND ADDS TO GEOLOGICAL TEAM
VANCOUVER, BC, J ULY 15, 2020 – Grande Portage Resources Ltd. (TSX-V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); ("Grande Portage" or "the Company") is pleased to announce that it has
added a 2 ND drill rig to its current drill program at its Herbert gold property located in S.E Alaska. This rig
will be dedicated to exploration drilling on Pad U and Pad Y which will test unexplored areas of the Deep
Trench and Main Veins. This rig is due to arrive and be operational within 14 days.
Drilling is currently underway on the eastern extension of the Goat Vein. In addition to testing extensions of
the Goat Vein, which is open both to the east and west and at depth, the progr am includes holes into the
North Vein, the Main Vein, Deep Trench, Floyd and the Elusive Veins. Surface exploration will include
detailed geological mapping and sampling in the areas of the North Vein and the Elusive Vein which ha d
previously received minimal attention.
The North Vein has only previously been drilled once in 2018 near the western end from Pad M with one of
the holes intersecting 0.41m of 27.8 gpt/gold. The planned new holes are near the eastern end of the vein
which has a potential strike length of approximately 600 meters and crops out at the surface with a reported
one meter thick quartz vein. The planned holes into the Main Vein and Deep Trench will , in general, go
deeper and f urther eastward than previously drilled. The Elusive Vein ha s never been drill tested and was
identified by LiDAR interpretation and subsequent discovery of two outcrops and several earlier anomalous
geochemical sample results.
The Company also wishes to announce that it has retained two additional, seasoned geolo gists who are
joining the exploration team. Both will be based in Juneau, AK.
David Atkinson obtained an Honours BSc . with first class standing in Geology from Brock University in
1985, followed by graduate studies in the Department of Earth Sciences at Uni versity of Western Ontario
from 1986 to 1990. David worked on various field projects exploring for uranium, base metals, semi &
precious metals and PGE in remote Arctic regions of NWT and Nunavut, as well as Ontario, Quebec, Nfld,
and AK.
Andrew Gregovich has been working as an exploration geologist in Alaska since 2018, primarily working on
sediment-hosted base metal and orogenic gold deposits. Andrew has a BA in Geology from Colorado College
and is an incoming MSCE student in geotechnical engineering at the University of Washington.
Impact of COVID-19
Grande Portage is carefully monitoring the public health impact of the coronavirus (COVID -19) on a daily
basis. Our first priority is the health and safety of our communities, shareholders, contractors, e mployees and
other stakeholders. The Grande Portage team has been working closely to ensure all the correct protocols and
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
- 2 -
safety precautions are in place. The Company will continue to monitor the evolving COVID-19 situation and
will continue to act proactively to protect the health of its workforce.
This news release has been prepared and approved by Carl Hale, CPG, a geologist with more than 40 years of
experience and a Qualified Person as defined under NI #43-101.
About Grande Portage:
Grande Portage is a publicly traded mineral exploration company focused on the Herbert Gold discovery
situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% leasehold interest in the
Herbert property,. The Herbert Gold property 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. The Company’s recent mineral resource estimate is quoted at a base case mineral resources cut -off
grade of 2.50 grams per tonne gold (g/t Au) and consists of: An indicated resource of 606,500 ounces of gold
at an average grade of 10.03 g/t Au (1,880,500 tonnes); and an inferred resource of 251,700 ounces of gold at
an average grade of 14.15 g/t Au (553,429 tonnes).
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: [email protected]
www.grandeportage.com
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward -looking statements" under applicable Can adian securities
legislation. Forward-looking statements include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the Company or management expects a stated
condition or result to oc cur. Forward -looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -looking
statements are based on assumptions and address future events and condit ions, by their very nature they
involve inherent risks and uncertainties as described in the Company's filings with Canadian securities
regulators. There can be no assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward -looking statements. The Company disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.
NEITHER 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