TSXV:GPG - Post Discussion
Post by
freemax1 on Aug 20, 2020 9:21am
!!!!!!!!!!!!!!!!!!!! NEWS !!!!!!!!!!!!!!!!!!!!!!!
| Grande Portage's 2020 Drill Program Discovers Two New Veins Hosting Visible Gold at the Herbert Gold Project in S.E. Alaska |
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Newsfile Corp Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: 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 previous 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 into 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 an 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 15 more holes planned. At least 7 intervals contained visible gold with all of the holes encountering multiple 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 |
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