Grande Portage Resources Ltd.

Published : February 03rd, 2012

Grande Portage Commences 2012 Field Work at Merry Widow Property

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Cobalt |

Grande Portage Commences 2012 Field Work at Merry Widow Property


VANCOUVER, Feb. 3, 2012 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it has commenced field work at its Merry Widow group of properties, located on northern Vancouver Island.

Recently, Grande Portage received the results from a proprietary geophysical survey conducted by Emerging Science & Technologies Group, Inc. (ES&T). The technology employed is unique and proprietary to ES&T and in essence serves to locate anomalously high concentrations of a targeted substance by keying on the molecular electrical properties unique to a specific target element. For the survey the targeted minerals of interest were gold, silver, copper, iron and cobalt, all of which are present in significant concentrations at the past producing Merry Widow Mine. To determine points of reference for the survey the equipment was setup near the Merry Widow open pit and values recorded from areas of known mineralization based on drill hole data from the 2006 to 2008 drill campaigns. With this reference data obtained from known mineralization ES&T was then able to determine cut-off values for various concentrations of gold, silver, copper, iron and cobalt and use this to determine areas of anomalous metal concentrations, which ES&T referred to as "Points of Interest" (POI's).

The survey outlined 33 POI's throughout a broad area including a number of targets near the old open pit. In mid-January, 2012, GPG began to follow-up on these POI's by means of prospecting and sampling at the location of a given POI to see if mineralization was present near surface. To date, a total of 10 POI's were examined. A preliminary assessment of the areas visited is that they have potential for mineralization as at all sites sulphide-bearing volcanic rocks or highly altered limestone was observed. These units were variably magnetic and sulphide concentrations ranged from trace amounts to 5% locally. A total of 14 rock samples were collected and are currently being analysed by ALS Chemex at their facility in North Vancouver. Once the results are received the Company will make further plans to follow-up any areas of anomalous mineralization.

GPG intends on following up all the anomalies on surface, this work will resume in the early spring as weather improves.  Follow-up work will entail additional prospecting, and if warranted a local cut-line grid will be established for subsequent geological mapping, soil geochemistry, geophysical surveys and possible drilling. The surveys will be staged in a systematic manner with advancement to more detailed work dependent upon results of the preceding surveys. The Company is in the process of submitting a 5-year Notice of Work, to allow for detailed exploration of these targets.

The Company also announces, subject to regulatory approval, that it intends to grant incentive stock options to various directors and consultants to purchase up to 1,300,000 common shares at an exercise price of $0.19 per share for a period of five years from date of grant.

This news release has been prepared and approved by Wesley Raven, a geologist with more than 25 years experience and a Qualified Person as defined under NI #43-101.

ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE 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

For further information:

Mr. Ian Klassen 
Phone: (604) 899-0106 
Email: ian@grandeportage.com 
Website: www.grandeportage.com

.

Grande Portage Resources Ltd.

CODE : GPG.V
ISIN : CA38655P1027
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 3.9 millions as of today (US$ 3.1 millions, € 2.7 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Grande Portage Resources Ltd.
10/4/2013Grande Portage secures 100% interest in Pass
10/31/2012Grande Portage Resources Ltd. Intersects High Grade Gold on ...
10/9/2012Grande Portage Resources Ltd. Announces 11.58 Metres of 24.3...
9/26/2012Grande Portage Resources Ltd. Announces 6.46 Metres of 21.55...
9/20/2012Grande Portage Resources Ltd. Announces 8.08 Metres of 55.53...
2/3/2012Grande Portage Commences 2012 Field Work at Merry Widow Prop...
2/3/2012Grande Portage Commences 2012 Field Work at Merry Widow Prop...
10/26/2011Grande Portage Finalizes Joint Venture with
10/26/2011Grande Portage Finalizes Joint Venture with
9/28/2011Grande Portage Resources Ltd. Commences Water Baseline Studi...
9/28/2011Grande Portage Resources Ltd. Commences Water Baseline Studi...
Corporate news of Grande Portage Resources Ltd.
7/15/2016Grande Portage Announces Incentive Stock Options
7/14/2016Grande Portage Acquires Remaining 35% Interest In Herbert Go...
4/12/2016Grande Portage Announces Closing of Non-Brokered Private Pla...
4/11/2016Grande Portage Increases Non-Brokered Private Placement
10/22/2013Grande Portage files 2014 Plan of Operation--Alaska
4/20/2013Grande Portage and Quaterra file amended Herbert Gold Projec...
10/12/2012Announces 11.58 Metres of 24.37 gpt Gold
6/20/2012Grande Portage Resources Ltd. Starts Drilling at the Herbert...
6/20/2012Grande Portage Resources Ltd. Starts Drilling at the Herbert...
6/11/2012Grande Portage Resources receives drill permits for Herbert ...
6/11/2012Grande Portage Resources receives drill permits for Herbert ...
5/29/2012Grande Portage and Quaterra File Herbert
5/29/2012Grande Portage and Quaterra File Herbert
4/16/2012Grande Portage and Quaterra announce first
4/16/2012Grande Portage and Quaterra announce first
12/6/2011Grande Portage Announces Update
12/6/2011Grande Portage Announces Update
9/14/2011Please read regarding Grande Portage's Herbert Glacier...
4/29/2011to Drill up to 2,000 Metres at the Pass Property Gold Ta...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GPG.V)
0.325+1.56%
TSX-V
CA$ 0.325
05/13 16:08 0.010
1.56%
Prev close Open
0.320 0.350
Low High
0.315 0.350
Year l/h YTD var.
0.320 -  0.670 -39.81%
52 week l/h 52 week var.
0.320 -  0.740 -37.50%
Volume 1 month var.
46,731 -21.69%
24hGold TrendPower© : 44
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-50.76%
202157.14%0.740.24
2020281.82%0.680.10
20190.00%0.210.08
2018-40.54%0.340.10
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 8.07+0.31%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.98-0.50%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.83+0.26%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.50+9.11%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.72+4.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.60+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.82+0.51%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.29-6.45%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.16+3.13%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.74+6.75%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 68.70+6.33%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.05+0.00%Trend Power :