Grande Portage Resources Confirms Gold Mineralization Extends to North Vein
#501, 595 Howe Street, Vancouver, BC, V6C 2T5
Ph: (604) 899-0106
Grande Portage Resources Confirms Gold
Mineralization Extends to North Vein
VANCOUVER, BC , January 3, 2019 – Grande Portage Resources Ltd. (TSX-V: “GPG”);
(OTCQB: “GPTRF”); (Frankfurt: “GPB”); (“Grande Portage” or the “Company”) is pleased to
announce assay results from their 2018 drill holes 18M-1 & 2.
These two holes are the first ever core holes testing the North Vein which can be seen in outcrop
locally and is situated about 300 meters north of the gold bearing Goat Vein structure. The North
Vein occupies an East-West trending fault which dips very steeply to the north and is similar in
attitude to the Goat, Main Vein, Deep Trench and the Floyd Veins. Two reconnaissance samples
taken in 2007 showed that strong gold values and free gold can be found locally in outcrop. One of
the samples was a grab of mineralized quartz from the vein just north of Pad 18M and contained
11.6 gpt/gold. The other sample was a 4 foot chip sample taken across a hydrothermally altered
shear zone containing variable quartz near the east end of the vein and assayed 3.57 gpt/gold.
Drilling in 2018 confirmed the existence of the structure at a depth of 100 meters below surface and
combined with surface exposures, indicates a strike length of at least 260 meters for the vein. Hole
18M-1 (aimed N 25º W at -45º) hit several strands of the fault in a zone about 8 meters true width.
The two best intercepts have about 5 meters separation with the footwall strand returning a 0.41
meter intercept with 27.8 gpt/gold and had visible gold in the core. The hanging wall strand
returned a 0.37 m intercept containing 8.33 gpt/gold. Hole 18M-2, aimed N 21º E at -45º, hit weak
faulting and alteration in the projected location of the vein with the best intercept showing 0.64 m of
0.304 gpt/gold.
Ian Klassen, President commented, “ We are pleased to have identified another subparallel
mineralized structure bringing the total to five structures with attendant splays, spanning
approximately 1 km east-west. The surface and initial drilling results in 2018 demonstrate that future
drilling is warranted to properly test the expansion potential of the North Vein. This is in keeping
with early drilling on the other veins similarly stacked at the Herbert. Mesothermal veins
characteristically pinch and swell and thus we anticipate positive results based upon more drilling.
Additional subparallel structures may exist beyond the limits of our drilling as suggested from the
LIDAR survey completed this year.”
Samples are analyzed by an independent lab in Vancouver, with the more highly mineralized
intervals processed using the metallic screening and fire assay method which assures no coarse gold
is missed in the analysis.
#202, 750 West Pender Street, Vancouver, BC, V6C 2T7
Ph: (604) 685-1144
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The qualified person for this news release is Mr. Carl Hale, P.Geo. Mr. Hale is a Qualified Person as
defined by NI 43-101, and is responsible for the technical content of this press release.
About Grande Portage:
Grande Portage Resources Ltd. is a Tier 2 pub licly traded mineral exploration company principally
focused on the Herbert Gold Property situated approximately 25 km north of Juneau, Alaska. The
Company holds a 100% leasehold interest in the Herbert Gold Property, subject to a 5% NSR in
favour of the underlying property owners. The Herbert Gold Property has an amended and restated
NI 43 -101 technical report dated July 12, 2018, effective May 28, 2018, completed with an uncut
Indicated Mineral Resource of 1,107,000 tonnes containing 257,950 oz of gold at 7.25 g/t and uncut
Inferred Mineral Resources of 423,200 tonnes containing 82,200 oz of gold at 6.04g/t, each at a 2.5
gpt cut-off. The 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 Ju neau Gold Belt, which has produced nearly seven million ounces of gold.
The results from the Company’s drilling programs confirm the identification of major elements of a
complex mesothermal gold-quartz system with numerous targets.
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
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