Grande Portage Resources Drills 6.37 Meters of 24.39 gpt/Gold
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Grande Portage Resources Drills 6.37 Meters of 24.39 gpt/Gold
VANCOUVER, BC, November 27, 2018 – Grande Portage Resources Ltd. (TSX-V: “GPG”);
(OTCQB: “GPTRF”); (Frankfurt: “GPB”); (“Grande Portage” or the “Company”) is pleased to
announce assay results from Hole 18M-12.
The majority of the Company’s drilling in the 2018 season was focused on the Goat Vein structure
from the M Pad. Diamond drill hole 18M -12 was drilled from the north side of the Goat Vein
toward the southwest and intersected the main structure at an approximate depth of 230 meters.
The main Goat Vein structure at this location is 9.9 meters wide and contains an interval of 6.37
meters (20.9 feet) (4.97 m true width) just above the footwall which retur ned a weighted average of
24.39 grams per ton gold (0.712 ounces per ton). Contained within this interval was a 0.8 meter
sample showing 193 gpt (5.64 opt) gold. The vein consists of highly sheared and fractured and
hydrothermally altered quartz diorite and disseminated arsenopyrite with local broken quartz and
very fine grained galena, pyrite and sphalerite with visible gold grains . This intercept occurs
approximately 100 meters east of the projected western boundary of the Goat structure which is a
major lithologic and structural contact with a younger metasedimentary and volcanic rock unit.
Ian Klassen, Grande Portage’s CEO , commented “This is a terrific development in the step out
expansion of the Herbert gold deposit. The more this property is drilled, the more we learn and will
potentially continue to add to the mineral resource. It’s worth noting that the Company has never
missed a drill intercept into this gold pervasive mesothermal vein system. We look forward to the
results from the next eleven holes as we advance the Herbert Gold project.”
The Goat Vein structure is the northern -most of the major east -west striking, north dipping veins
on the Herbert Gold property discovered to date. It has a length at the sur face of approximately
850 meters (2700 feet) and dips north at about 7 5 degrees. The eastern two thirds of its length
follows the bottom of the deep chasm through which Goat Creek flows. The vein crops out in one
place about 500 meters from the west end in the creek bottom where a 1.02 meter channel sample
taken this year of the quartz-arsenopyrite-galena-sphalerite vein returned 290 gpt gold (8.46 opt) and
224 gpt silver (6.53 opt).
In addition to the impressive intercept of the main Goat Structure, hole 18M-12 also intercepted a
hanging wall satellite vein which also returned excellent results. This satellite vein occurs about 70
meters above the main structure and consists of a 4.5 meter intercept of multiple quartz veins and
faulted and altered quartz diorite. The shearing is not as pervasive as the main zone 70 meters
below and the quartz veining hence is more solid with it’s original structure preserved. The quartz
contains disseminated arsenopyrite, galena and sphalerite along with visible gold flakes. A weighted
average of the well-mineralized portion of this vein showed 25.56 gpt Au (0.75 opt) over 2.16 meters
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(1.73 meters true width ). A 0.48 meter intercept withi n the vein returned 90.4 gpt Au. Within this
overall structure the best mineralization occurs near the hanging wall of the satellite zone, in contrast
to the main Goat structure encountered below (230m from surface).
Samples ar e 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.
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 publicly 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. The Pro perty 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 Min eral 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 Juneau 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
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DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE