Grande Portage Resources Files 2024 Drill Plan of Operation at the Herbert Gold Project in S.E. Alaska
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
Grande Portage Resources Files 2024 Drill Plan of Operation at the Herbert
Gold Project in S.E. Alaska
VANCOUVER, BC, January 18, 2024 – Grande Portage Resources Ltd. (TSX-V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage" or " the Company") is pleased to announce that it has
filed its 2024 Plan of Operation for continued mineral exploration at its Herbert Gold project near Juneau,
Alaska.
Subject to regulatory approval, the proposed work schedule for 2024 consists of up to 10,000 meters
diamond drilling with additional detailed mapping and trench sampling to expand previous exploration. The
program will consist of one diamond drill rig utilizing up to eight pads to drill approximately 15 holes. These
holes are planned to test the main mineralized structures of the Goat, Main, Sleeping Giant and Deep Trench
veins.
The Herbert Gold Property is host to abundant composite vein -fault structures containing ribbon structure
quartz-sulfide veins and lies prominently within the 100-mile-long Juneau gold belt, which has produced
millions of ounces of gold through a total depth range of thousands of feet. Individual veins and vein systems
can be traced for over 500 m on average along strike and from surface (130 m above mean sea level) to
depths of 350 m below sea level.
The Herbert’s major veins have not been drilled out and strongly mineralized gold -bearing structures extend
into untested ground, especially to the east and at depth. Several other veins and structures have been
discovered on the property which have good potential for economic gold deposition but to date have only
received minimal exploration.
Warrant clarification
On December 8, 2023, the Company issued a news release announcing the closing of a non -brokered private
placement which stated that the number of broker warrants issued was 167,470 the correct number of broker
warrants issued was 167,400.
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 gold) and consists of: an indicated resource of
1,196,800 ounces of gold at an average grade of 10.23 g/t gold (3,637,000 tonnes); and an inferred resource
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
- 2 -
of 325,900 ounces of gold at an average grade of 8.91 g/t gold (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 silver (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
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 the 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 statements 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 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