Grande Portage Resources Commences Drill Program at the Herbert GOLD Project
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE RESOURCES COMMENCES DRILL PROGRAM AT
THE HERBERT GOLD PROJECT
VANCOUVER, BC, July 8, 2022 – Grande Portage Resources Ltd. (TSX -V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage" or " the Company") is pleased to announce that it has
commenced its summer drill program at its 100% controlled Herbert Gold project located in SE Alaska.
The fully funded drill program will test multiple targets from three platforms. The Company intends to test
the main mineralized structures at depths beyond 500m, while at the same time, penetrating additional
structures at shallower levels and along strike. The vein structures and mineralization show no signs of
diminishing with depth.
In addition to drilling the deeper portions of the Goat, Main, and Deep Trench veins, one of the Company’s
planned drill sites will test the eastern extension of the Deep Trench, the Floyd and the Elusive Structure,
which remains virtually unexplored to date.
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 Juneau Gold Belt, which has produced over seven mill ion 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 resource of
1,196,800 ounces of gold at an average gra de 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 tonn es); and an inferred resource of
169,300 ounces of silver at an average grade of 4.63 g/t silver (1,138,000 tonnes).
The resource assumes underground mining techniques, a gold price of $1,300 and are reported at a 2.5 gpt
cut-off. Composites were capped at 125 gpt. Mineral Resources are not Mineral Reserves and do not have
demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be
converted to Mineral Reserves. The estimate of Mineral Resources requires a ssumptions that are believed to
be reasonable and may be materially affected by environmental permitting, legal, title, sociopolitical,
marketing or other relevant issues.
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]
www.grandeportage.com
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 th e Company or management expects a stated
condition or result to occur. 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 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 statem ents 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 o r 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