Grande Portage Resources Receives Drill Permit for Upcoming Program at the Herbert Gold Project in S.E. Alaska
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
Grande Portage Resources Receives Drill Permit for Upcoming
Program at the Herbert Gold Project in S.E. Alaska
VANCOUVER, BC, April 6, 2 023 – Grande Portage Resources Ltd. (TSX-V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage" or " the Company") is pleased to announce that it has
received all necessary regulatory approval s for its upcoming drill program at its 100% controlled Herbert
Gold project located in southeast Alaska.
The Company's 2023 plan is to drill approximately 15 holes over 20,000 feet of diamond drill core on the
Company's Herbert Gold project. The drill pr ogram will target many geologically promising high value
targets at the Main, Goat, Deep Trench, Ridge, and Sleeping Giant veins from multiple locations.
The drill holes are designed to be a mix of infill and step out holes, extending existing vein struct ures where
our high-grade Indicated Resource of 1,196,800 ounces of gold (10.23 g/t) and Inferred Resource of 325,900
ounces of gold (8.91g/t gold) has been established (see NR May 12, 2021). Note that 11,550 m of drilling in
24 diamond drill holes from 2021 & 2022 has not yet been incorporated into the Company’s mineral resource
calculation.
The Herbert Gold Project 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 (open).
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.
Grant of Options:
In addition, the Company announces that, subject to TSX Venture Exchange approval, it has granted
incentive stock options to various directors, employees, advisors and consultants to purchase up to 1,900,000
common shares exercisable for a period of five (5) years at a price of $0.30 per share.
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
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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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 g rade 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), 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 securit ies
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 EXCHANG E 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