Grande Portage Resources Ltd.

Published : October 12th, 2012

Announces 11.58 Metres of 24.37 gpt Gold

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Keywords :   Diamond | Gold |

Grande Portage Resources Ltd. Announces 11.58 Metres of 24.37 gpt Gold

Exceptional Gold Assay Returns Continue at Herbert Glacier Project

VANCOUVER, B.C., October 9, 2012 � Grande Portage Resources Ltd. (TSX-V: GPG) ("Grande Portage" or �the Company�) is pleased to announce new assay results from four additional Diamond drill holes on the Deep Trench Vein and six from the Main Vein on its Herbert Glacier gold project located 30 km north of Juneau, Alaska.

Hole 326B2, drilled on the western Deep Trench vein, intersected rich mineralization consisting of 11.58 metres (6.14 metres true thickness) of 24.37 grams per tonne gold (0.712 ounces per ton) in a shear zone with quartz veins containing visible gold.  One sample within this interval returned 364 grams per tonne (10.63 ounces per ton) over 0.71 metres (see Table below).  Another intercept deeper in hole 326B-2 penetrated a footwall split vein which returned 2.68 metres of 5.54 grams per tonne.  Results from other 326 Platform holes include an intercept in 326C of 4.24 metres (2.84-metres true thickness) of 4.50 grams per tonne gold.  The strong gold mineralization in the 326 Platform holes appears to be confirmation of the shallower upward continuation of the high grade zone intersected by several of the E Pad holes reported in earlier releases and also seen in trenches at the surface.

Drilling on the Main Vein included eleven holes from the O Platform which is located approximately 100 metres east of Pad A and 70 metres west of Pad D (see Map below).  New assays from hole 12O-1 resulted in an intercept of 4.90 metres (4.46-metres true thickness) averaging 9.39 grams per tonne (0.274 ounces per ton) gold including a 0.56 metre intercept of 54.60 grams per tonne (1.594 ounces per ton) gold.  Results from holes 12O-1 through six are shown in the table below.  Assays for the additional holes are pending.

The Company recently completed seven holes from the J Pad on the Goat Creek vein, the northernmost of the five parallel mesothermal veins that make up the Herbert Glacier project.  All J Pad drill holes have intersected mineralized structures with several having intercepts containing visible gold. These strong early results of drilling on the Goat Vein are extremely encouraging read more...

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Grande Portage Resources Ltd.

CODE : GPG.V
ISIN : CA38655P1027
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Grande Portage Res. is a silver and gold exploration company based in Canada.

Grande Portage Res. holds various exploration projects in Canada.

Its main exploration properties are MERRY WIDOW and HERBERT GLACIER in Canada.

Grande Portage Res. is listed in Canada. Its market capitalisation is CA$ 3.5 millions as of today (US$ 2.8 millions, € 2.5 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.93, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Grande Portage Res. has 11 955 237 shares outstanding.

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