Grande Portage Resources Intersects 51.5 Gpt/GOLD over 3.53 Metres (11.7 FT) at Herbert GOLD Project IN S.e. Alaska
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE RESOURCES INTERSECTS 51.5
GPT/GOLD OVER 3.53 METRES (11.7 FT) AT HERBERT GOLD
PROJECT IN S.E. ALASKA
VANCOUVER, BC, February 24, 2022 – Grande Portage Resources Ltd. (TSX-V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage " or " the Company ") is pleased to release partial drill
results from its summer/fall 2021 drill program at its 100% controlled Herbert gold project in SE Alaska. The
exploration program was completed in late October 2021. Drill holes released today are fro m infill and
expansion drilling at the Herbert project. The results of the 2021 program will be added to the Company’s
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 of 325,900 ounces of gold at an average grade
of 8.91 g/t gold (1,138,000 tonnes).
Herbert drilling highlights include:
• 3.53 metres at 51.5 gpt/gold in hole 21W-1 including 0.54 metres of 305.09 gpt /gold (8.91 opt) and
157.3 gpt /silver on the Main vein . This intersection is 63 m etres deeper than the high -grade
intersections in 1 0C-1 and 85 m etres deeper and east of 11I-5 and 81 m etres west of a low -grade
intersection in 17L -3. This area was previously estimated to be low -grade due to its distance from
higher-grade holes. This intersection will materially impact this area.
• 1.77 metres at 11.36 g pt/gold in hole 21Q -3. This intersection is at the deepest limits of drilling to
date on the M ain vein and is open to depth and eastward. 21Q -4 for which assay results have not
been received was drilled about 120 met res deeper and looks similar. This intersection is 125 metres
east of an isolated high-grade intersection in 20T-7.
• 2.45 metres at 9.34 g pt/gold in hole 21X -2. This intersection is above a high -grade intersection in
17L-2 and below a lower -grade intersection in 17L -3, expanding the higher grade zone by
approximately 50 metres.
The holes for which sample analyses have been completed are listed in the chart below. The seven holes
which still have incomplete results and which will be presented in future news releases are 21Q 4-6 and 21Z
1-4.
Hole Collar E. Collar N. Elev., m. Az. Dip T. D., m.
21P-1 518414 6488282 141 185 -75 397.50
21P-1a 518414 6488282 141 185 -75 427.94
21P-2 518414 6488282 141 130 -73 394.41
21P-3 518414 6488282 141 141 -43 423.23
21P-4 518414 6488282 141 141 -63 455.07
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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21X-1 518210 6488100 67 180 -68 440.13
21X-2 518210 6488100 67 180 -80 484.63
21W-1 518170 6487980 111 200 -61 342.60
21W-2x 518170 6487980 111 140 -59 35.05
21W-2 518170 6487980 111 160 -59 256.49
21Q-1 518582 6488175 122 150 -45 383.85
21Q-2 518582 6488175 122 150 -59 433.12
21Q-3 518582 6488175 122 150 -70 547.12
Significant results from the above holes are listed in the chart below along with the name s of the intersected
structures:
Hole From (m) To (m) Intrvl. Au gpt Location
21P-1 294.95 295.70 0.75 9.790 F.W. stringer, Goat
21P-1a 314.00 314.55 0.55 3.850 F.W. stringer, Goat
21P-3 197.00 198.43 1.43 1.289 H.W. split, Goat
21P-3 212.75 213.70 0.95 3.803 Goat
21P-3 250.13 250.62 0.49 9.430 F.W. stringer, Goat
21P-3 326.40 327.50 1.10 7.519 Sleeping Giant
21P-4 251.44 252.52 1.08 6.070 Goat
21P-4 327.05 328.00 0.95 6.763 F.W. stringer, Goat
21P-4 398.23 401.40 3.17 6.975 Sleeping Giant
21Q-1 196.77 198.60 1.83 3.873 Sleeping Giant
21Q-3 309.87 310.32 0.45 3.484 Sleeping Giant
21Q-3 441.78 443.55 1.77 11.365 Main Vein
21Q-3 529.14 531.05 1.91 6.156 Footwall stringer, M.V.
21W-1 206.06 207.55 1.49 1.521 North Strand, Main V.
21W-1 231.17 234.70 3.53 51.5 Main Vein
21W-2x 21.00 23.60 2.60 2.675 sm. fault
21W-2 21.00 23.48 3.58 3.259 sm. fault
21W-2 219.25 221.05 1.80 2.168 Main V.
21X-1 45.68 47.17 1.49 9.147 Hanging Wall, Goat
21X-1 77.19 78.72 1.53 3.538 Goat
21X-1 104.55 105.54 0.99 4.960 F.W. stringer, Goat
21X-2 67.60 68.60 1.00 2.300 Hanging Wall, Goat
21X-2 117.10 119.55 2.45 9.344 Goat
21X-2 253.00 253.55 0.55 2.928 Sleeping Giant
21X-2 351.85 352.94 1.09 6.900 North Strand, Main V.
Ian Klassen, President of Grande Portage, commented “We would like to thank our shareholders for their
patience over the last few months. We are very pleased to, finally, be receiving assays from the lab. Last year,
while observing the drill core, our exploration team was very upbeat about the program but naturally had to
wait for the laboratory to process the samples. In addition to the high -grade drill hole results, the significant
number of additional intersections between 3 and 10 gpt/gold continues to point to the development of a
much larger resource. As always, our drill holes were planned to intercept multiple veins and we continue to
report multiple intersections in nearly all of our drill holes. The Company is still awaiting assays from other
important holes and we look forward to releasing those results as soon as possible. The 2022 drill season will
soon be upon us. We are fully financed an d confident to be working with the same experienced drilling
contractor again this year.”
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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Discussion of Drill Results:
Drillholes from pads P and Q mainly targeted the eastern extensions of the Goat vein and Main vein and
their associated splits and sa tellite structures. Pad W principally tested internal areas of the Main vein which
previous drilling didn’t cover. Hole 21W -1 intersected 3.53 met res with a weighted average of 51.528
gpt/gold which included 0.54 metres of 305.09 gpt/gold (8.91 opt) and 157.3 gpt/silver.
Pad Q also had several holes designed to test the deeper eastern portions of the Sleeping Giant and Main
veins for which all the assay returns have not been received but initial indications from core inspection are
extremely promising.
A strongly mineralized area of the Main vein which was discovered in 2020 by drillholes 20T -7 and 20T-11
was expanded in 2021 by holes 21Q-3 & 4. These holes are the deepest holes drilled to date on the Main vein
and are located near the eastern limit o f drilling and are from 500 to 600 met res below the surface. 21Q -3
intersected 1.77 metres of 11.365 gpt/gold. 21Q-4 intersects the vein about 120 met res below 21Q-3 and is
awaiting assay returns . Initial indications from core inspection certainly look encouraging. This high grade
area of the Main vein is open to depth and eastward.
Mineralization in the Herbert gold vein system appears to be constrained to the competent quartz diorite
block sandwiched between two major northwest striking contact faults which are in excess of one kilometer
apart. Both of these contact zones dip northeast between 60 and 67 degrees. The vein structures and
associated mineralization continues through the deepest holes drilled to date with no indications of
weakening.
The three primary veins drilled in 2021 (Goat, Main and Deep Trench) are quite pervasive and predictable
with strong surface expressions due to erosion of fractured and hydrothermally altered quartz diorite
associated with the major East -West striking minera lized faults. In addition to these major structures a
complex system of splits, transverse veins, and satellite veins exist which often attain significant size and
grade in themselves and will be major contributors to the overall gold resources in the Her bert system. The
Sleeping Giant and North Strand of the Main Vein are prime examples of this fact. Very high -grade zones
are often encountered due to structural complications introduced during tectonism and mineralization.
Hole 21Q-4 (for which analyses are not ye t received and will be discussed in more detail in future releases )
discovered an unexpected mineralized zone in the Sleeping Giant projection which was far wider and more
quartz-rich than anything previously encountered in the Herbert system. The variable sheared, altered and
quartz-veined intercept is nearly 45 metres wide (approximately 150 ft) and is open laterally and to depth and
contains several visible gold showings.
Data compilation is underway following the completion of the 2021 dril l program at the Herbert Gold
Project. Total metreage for the program was 8,1 48 metres in 19 completed drill holes. Assays results will be
released on a continuing basis pending review and meeting company quality assurance/quality control
protocols.
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.
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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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 Miner al 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 res ource of
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
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 su ch 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 suc h 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.
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