Grande Portage Resources Completes Drill Program at the Herbert GOLD Project IN Se Alaska
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE RESOURCES COMPLETES DRILL PROGRAM AT
THE HERBERT GOLD PROJECT IN SE ALASKA
VANCOUVER, BC, November 10, 2020 – Grande Portage Resources Ltd. (TSX -V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage " or " the Company ") announced today that it has
completed its previously announced two -rig drill program at the Herbert Gold project in SE Alaska . The
Company completed 21 holes and approximately 8500 metres of its 2020 “step out” (all beyond the limits of
the existing resource) program.
The Company’s drilling continued to test the project’s three primary veins but also penetrated the eastern
extension of the North vein, Sleeping Giant , Ridge, and Elusive veins a s well as numerous subsidiary veins
and structures in between.
Final sample results are expected throughout November, December , and into 2021 due to unprecedented
delays at the assay labs principally due to protocols of the ongoing Covid -19 pandemic. Lab results will be
reported in future disclosures as they are received from the lab and QA/QC has been met. Samples taken for
assay are split from the core with a diamond saw with one half being sent to Bureau Veritas Labs, Richmond,
B.C., an independent lab from the Company. The Company geologist , who is logging the core , identifies
certain sections which could contain coarse gold and marks them for the special preparation procedure of
metallic screening which captures the nuggety gold in the assay. Known standards and blanks are inserted into
the stream of samples on a regular basis. Additionally, all core is photographed with a high resolution camera
for future viewing. Duplicates, blanks, and certified standards report acceptable results.
Ian Klassen, Grande Portage’s President remarked, “ We are delighted to have conduc ted a thorough test
with two rigs this season. Our team has known that the Herbert gold discovery has significant expansion
potential and this is evidenced by the fact we continue to intercept gold bearing veins laterally and at depths
not encountered before. We are anxious to receive the balance of the season’s assays in due course."
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 pr oduced nearly seven million ounces of
gold. The Company's recent Mineral Resource estimate (Webb, 2019, available on the Company’s website or
on SEDAR.COM ) is reported 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). The resource assumes undergrou nd m ining techniques, a gold price of $1,300 and are
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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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 o f the Mineral
Resources will be converted to Mineral Reserves. The estimate of Mineral Resources requires assumptions
that are believed to be reasonable and may be materially affected by environmental permitting, legal, title,
sociopolitical, marketing or other relevant issues.
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 th at 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. Forward -looking statements may be identified by such terms as “believes”,
“anticipates”, “e xpects”, “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 could differ materially from those anticipated in such statements. Accordingly, readers sh ould
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