Grande Portage Announces Drill Start Planned FOR Early July
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE ANNOUNCES DRILL START PLANNED FOR EARLY JULY
VANCOUVER, BC, May 7, 2020 – Grande Portage Resources Ltd. (TSX-V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage " or " the Company ") is pleased to announce that it is
preparing and taking the necessary steps to organize for its upcoming drill season at the Herbert gold project
in Alaska.
As previously announced, the Comp any has received its drill permit and all other regulatory app rovals to
proceed this season. Timberline Dr illing Inc. has been engaged to drill approximately 12,000-15,000 feet of
diamond drill core on the Company's Herbert gold project.
The upcoming core drill program will test multiple targets significantly deeper and further to the east than in
years past. The Company will specifically target the Main, Deep Trench, and Goat veins during this program
in order to expand upon its most recent NI 43 -101 mineral resource which consists of 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).
Timberline’s experienced drill crews are already in Alaska and will not be subject to quarantine restrictions.
The Company expects a n early to mid-July start and is fully financed for the upcoming drill program. The
Company intends to provide a more specific update with added details once mobilization is underway.
“We’re looking forward to proceeding on schedu le with 2020 drill program and further demonstrating the
potential at the Herbert gold project,” said Ian Klassen, President and CEO “We’ve got a first class
experienced drill partner in Timberline and are fortunate to be operating in a supportive jurisdic tion which
has done an excellent job of controlling the spread of COVID-19.”
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, employees and
other stakeholders. The Grande Portage team has been working closely to ensure all the correct protocols and
safety precautions are in place. Management continues to work remotely and they have ke pt in regular
contact with our stakeholders (who remain safe at home with their families), our investors and interested
parties. 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 Resources Ltd. is a publicl y traded mineral exploration company 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 system is open to length and depth and is host to at least
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
- 2 -
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 inferre d 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]
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