Grande Portage’S 2020 Drill Program Discovers TWO New Veins Hosting Visible GOLD at the Herbert GOLD Project IN S.e. Alaska
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE’S 2020 DRILL PROGRAM DISCOVERS
TWO NEW VEINS HOSTING VISIBLE GOLD AT THE
HERBERT GOLD PROJECT IN S.E. ALASKA
VANCOUVER, BC, AUGUST 20, 2020 – Grande Portage Resources Ltd. (TSX -V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); ("Grande Portage" or "the Company") is pleased to announce that their drill
rig on the T Pad has encountered extremely encouraging veining in the area between the Goat and the Main
Veins well beyond the eastern limits of previous drilling efforts. The two intercepts with visible gold in
quartz veins were 120 meters east of any previ ous drilling in the footwall of the Goat Vein and within the
area 150 meters south of the vein. These two veins were unexpected and both contained visible gold in the
core.
DDH 20T-6 and DDH 20T -7 intercepted these quartz veins approximately 100 meters i nto the footwall of
the Goat Vein. The holes were drilled on an azimuth of 134 degrees with dips of -45 and -63 respectively.
Both holes have hit 2 intervals of quartz veins, the latest in DDH 20T-7 having an intercept of 2.58 meters,
mostly quartz with coarse-grained arsenopyrite, galena and pyrite with visible gold over a section of quartz at
least 6". Veins of this quality were previously unknown in this area between the Goat and the Main, partially
because there is almost no earlier drilling down this deep and this far east.
The Company’s geologists feel that these new intercepts almost certainly correlate with vein outcropping on
the slope to the south of Goat vein. Where exposed, the veins vary between 4 and ~16 inches wide, strike E -
W and have a n almost vertical dip. A grab sample of the vein taken in 2017 returned 19.5 gpt/Au, 408
gpt/Ag and 5.37% Pb. The vein apparently strengthens with depth and represents an excellent target for
future drilling.
An additional drill hole has been added to the season’s plan from the U Pad which targets an area near the
eastern limit of drilling on the Main vein where there are no historical drill holes at an elevation of -50 meters
and about half way between an intercept in 10D -2 (1.15m-7.65gpt/gold) and an intercept in this year’s 20T-6
about 200 meters away ( deeper and eastward) which showed strong alteration, minor brecciated quartz and
some visible gold in the core.
The Company has now drilled 8 holes, two of which are ongoing and has up to 1 5 more holes planned. At
least 7 intervals contained visible gold with all of the holes encountering m ultiple veins. Sample results are
forthcoming with extremely lengthy turn-around times encountered this season.
For more information about our drill target areas please visit our website at www.grandeportage.com or click
the following link: https://www.grandeportage.com/projects/herbert-gold-project
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
- 2 -
Impact of COVID-19
Grande Portage is carefully monitoring the public health impact of the coronavirus (COVID -19) on a daily
basis. Our first priority is the health and safety of our communities, shareholders, contractors, employees and
other stakeholders. The Grande Portage team has been working closely to ensure all the correct protocols and
safety precautions are in place. The Company will continue to monitor the evolving COVID-19 situation and
will continue to act proactively to protect the health of its workforce.
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 explora tion 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 nearly seven million ounces of
gold. The Company’s recent Mineral Resource estimat e is quoted at a base case mineral resources cut -off
grade of 2.50 grams per tonne gold (g/t Au) and consists of: An indicated resource of 606,500 ounces of gold
at an average grade of 10.03 g/t Au (1,880,500 tonnes); and an inferred resource of 251,700 ounces of gold at
an average grade of 14.15 g/t Au (553,429 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 mana gement 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 t o 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.
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