Grande Portage Resources Drills 9.87 Gpt/GOLD over 3.39 Meters (11.1 FT)--- Drilling Now Extends Goat Vein Strike Length to Almost a Kilometre at the Herbert GOLD Project IN S.e Alaska
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE RESOURCES DRILLS 9.87 GPT/GOLD OVER 3.39 METERS
(11.1 FT)--- DRILLING NOW EXTENDS GOAT VEIN STRIKE LENGTH TO ALMOST
A KILOMETRE AT THE HERBERT GOLD PROJECT IN S.E ALASKA
VANCOUVER, BC, OCTOBER 31, 2023 – Grande Portage Resources Ltd. (TSX -V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage" or "the Company") is pleased to announce results from
three more diamond drill holes drilled at the Herbert Gold project located in southeast Alaska.
Highlights:
After drilling four holes from the Pad M (please refer to NR dated Sept 14/23) , the rig was moved 285
meters eastward where four more holes were drilled from Pad P. The Company is pleased to confirm that all
Pad P holes successfully targeted the eastern extensions of the Goat vein between 200 and 300 meters below
surface. These holes tested an area of the eastern Goat vein which previously had indications of strong gold
mineralization but only had sparse drilling. The three holes for which assay results have been returned
substantiate that this is a significant gold-bearing region of the Goat and is expected to have a positive impact
on the Company’s future mineral resource calculation.
Hole From To Vein. Intrvl Gold
Name (m) (m) g/t
23P-1 281.00 282.10 Goat 1.10 m 7.66
23P-2 297.00 303.66 Goat 2.83 m 7.753
23P-4 277.21 280.60 Goat 3.39 m 9.871
The Goat vein structure was the target and was intersected in all four holes from this pad. DDH23P-3 also
extended southward past the Goat vein where it intersected a well mineralized section of the Sleeping Giant
vein. Sample analyses from 23P-3 are pending and will be announced in due course.
DDH23P-1 intersected 1.10 meters assaying 7.66 gpt/gold in the Goat vein. This hole was approximately 36
meters below DDH20T-11 (24.0 gpt/gold over 2.1 meters) and 56 meters west of DDH21P-4.
DDH23P-2 intersected 2.83 meters of 7.753 gpt/gold in the Goat vein. This hole was approximately 86
meters below DDH23P-1. This intercept was approximately 15 m eters east of DDH21P-1 and 27 m eters
above DDH20P-1 (9.79 gpt /gold over 0.8 meters). This intersect occurs in a 10 -meter shear zone and
contains a 1.08-meter section which assayed 15.8 gpt/gold in a silicified and micro -brecciated vein riddled
with thin sulfide-rich seams in a hydrothermally altered quartz diorite.
DDH23P-4 intersected 3.39 meters assaying 9.871 gpt/gold including a 1.08-meter interval of quartz vein
assaying 30.8 gpt /gold. This hole was approximately 47 m eters below DDH21P-3 (3.8 gpt /gold over 0.9
meters). At the elevation of this intercept the Goat vein now has approximately 900 meters of strike length
from west to east . Mineralization in the quartz veins consists chiefly of arsenopyrite and to a lesser extent,
pyrite, galena, sphalerite, and sparse visible gold.
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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The success of the 2023 drilling from the P Pad is highly encouraging because it demonstrates that strong
gold mineralization can be found in the east-west Herbert vein structures the full distance between the
western and eastern boundary faults which effectively terminate the veins. The depth of the veins remains
open, but strong gold values have been intersected in DDH21Q -4 (0.92 meters of 18.93 gpt/gold) at 600
meters below the surface in the Company’s deepest drilling , which indicates that the Company’s resource is
only constrained by the major east and western boundary faults.
After completing drilling at the Pad P, the Company moved the rig to Pad BB, which is the easternmost drill
pad on the property, and completed one hole targeting the Goat vein and the Sleeping Giant vein. Drilling
results are still pending.
Past drilling over many years has confirmed that the Herbert gold project is a high -grade deposit. The chief
primary gold-bearing veins at the Herbert gold project are strong, persistent and extend from the Western
boundary fault to the Eastern fault, a distance averaging nearly one kilometer. Strong gold mineralization has
been identified almost everywhere along these s tructures, both laterally and to the deepest limits of drilling
over the last number of years. Much of the shallower portions of the veins have been tested with good to
superb results. The Herbert Gold veins are classed as a mesothermal high -quartz and low -sulfide style
mineralized system.
Mr. Ian Klassen, President and CEO reports that “Drilling this season certainly assists to fill in certain gaps
within the established resource and adds to the confidence leading into a new resource estimate that will
include the added drilling completed over the recent three-year period. Extending the higher-grade Goat vein
to the east with these three more material intersections is great news.”
Pad P holes drilled in 2023:
Hole Collar E. Collar N. Elev., m. Az. Dip T. D.,ft. T. D.,
m.
23P-1 518414 6488282 141 178 -63 1094.0 333.45
23P-2 518414 6488282 141 178 -75.0 1234.0 376.12
23P-3 518414 6488282 141 145 -69 1623.0 494.69
23P-4 518414 6488282 141 135.5 -53 1023.0 311.81
QA/QC
All core samples are cleaned and photographed before logging and sampling by a registered professional
geologist. Samples were analyzed at ALS Canada Ltd. at its North Vancouver facilities using conventional
preparation techniques and analyzed using Au -ICP21 for gold with screened metallic analyses for samples
where visible gold was noted. ME -MS41 techniques were used to determine additional element
concentrations. Blanks and standards were inserted in the field as well as in the laboratory with all checks
reporting acceptable results. ALS is independent of the Company and certified ISO-17025.
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 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 resource 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
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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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).
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: [email protected]
www.grandeportage.com
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