Grande Portage Resources Announces Signing of Drill Agreement and Mobilization
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE RESOURCES ANNOUNCES SIGNING OF DRILL
AGREEMENT AND MOBILIZATION
VANCOUVER, BC, June 16, 2021 – Grande Portage Resources Ltd. (TSX-V "GPG"); (OTCQB:
"GPTRF"); (Frankfurt: "GPB"); ("Grande Portage" or " the Company") is pleased to announce that it is
taking the necessary steps to prepare for its upcoming drill season at the Herbert Gold project in SE Alaska.
As previously announced, the Company has received all permits and all other regulatory approvals to proceed
this season. NASCO Industrial Services and Supply (“NISS”) has been engaged to drill up to 24,000 feet of
diamond drill core on the Company's Herbert gold project.
The upcoming drill program , expected to start in the next two weeks, will test multiple targets from up to
nine platforms. The Company intendes to;
• test the eastern extensions of the Goat vein
• expand coverage of the western, central and eastern portions of the Deep Trench and Main veins
• drill deeper to expand coverage on the Main vein
• expand drill testing of the newly discovered Sleeping Giant vei n, where in 2020 the Company
encountered assays including:
o DDH 20T-7 reported 50.84 gpt gold over 1.3m;
o DDH 20T-2B reported 43.03 gpt gold over 1.5m.
Ian Klassen, the Company’s CEO remarked, “ We are very excited to start this season’s drill program, with
NISS, a first class operator, especially on the heels of our recently announced NI resource calculation. Our
geological team, led by Carl Hale is very optimistic about the continued opportunities to expand the Herbert
resource, a high grade gold project with tremendous growth potential”.
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 publicly 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
six main composite vein -fault structures that contain ribbon structure quartz -sulfide veins. The project lies
prominently within the 160km long Jun eau Gold Belt, which has produced over seven million ounces of
gold. The Company’s updated NI#43 -101 Mineral Resource estimate reported at a base case mineral
resources cut -off grade of 3.0 grams per tonne gold (g/t Au) and consists of: an indicated resou rce of
1,196,800 ounces of gold at an average grade of 10.23 g/t Au (3,637,000 tonnes); and an inferred resource of
325,900 ounces of gold at an average grade of 8.91 g/t Au (1,138,000 tonnes), as well as an Indicated resource
of 686,700 ounces of silver at an average grade of 5.87 g/t Ag (3,637,000 tonnes); and an inferred resource of
169,300 ounces of silver at an average grade of 4.63 g/t silver (1,138,000 tonnes).
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
- 2 -
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: [email protected]
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward -looking statements" under applicable Canadian 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 occur. F orward-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 conditions, 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 coul d 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