Grande Portage Resources Ltd.

Published : June 11th, 2012

Grande Portage Resources receives drill permits for Herbert Glacier Gold project

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

Grande Portage Resources receives drill permits for Herbert Glacier Gold project


VANCOUVER, June 11, 2012 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it has received approval to commence drilling at the Herbert Glacier Gold project in the Juneau Gold Belt, southeast Alaska.

The Company has begun to mobilize crews and equipment and expects drilling to start on June 16, 2012. The Company has contracted Spring Valley Drilling Inc. and Core One Enterprises LLC, to perform a two rig drill program which will consist of 12,000 meters of infill drilling designed at a nominal drill hole spacing of 25 meters with the objective of expanding and confirming the "inferred" resource to "indicated" and 3,000 meters of exploratory drilling both within other vein targets (Goat and Ridge Veins) and along the open strike extents of the Main and Deep Trench Veins. The Company expects to complete 60-70 drill holes during this phase.

Grande Portage and Quaterra Resources, Inc. (TSX-V: QTA, NYSE Amex: QMM) have formed a 65%/35% joint venture for the further exploration and development of the property with each party bearing their proportionate costs.

Lastly, the Company announces that, subject to regulatory approval, it has granted incentive stock options to purchase up to 1,750,000 common shares at an exercise price of $0.15 per share for a period of five years from date of grant.

This news release has been prepared and approved by Carl Hale, CPG, a geologist with more than 40 years experience and a Qualified Person as defined under NI #43-101. Mr. Hale is supported by C. C. Hawley, Ph.D., CPG of Hawley Resource Group, Inc. and Alaska Earth Sciences, Inc. of Anchorage, Alaska.

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

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$ 2.5 millions as of today (US$ 2.0 millions, € 1.8 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)
0.210-4.55%
TSX-V
CA$ 0.210
04/15 16:27 -0.010
-4.55%
Prev close Open
0.220 0.230
Low High
0.210 0.230
Year l/h YTD var.
0.160 -  0.270 -12.50%
52 week l/h 52 week var.
0.160 -  0.290 -22.22%
Volume 1 month var.
135,730 10.53%
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
20245.00%
2023-23.08%0.300.16
2022-56.67%0.690.19
202142.86%0.740.24
2020281.82%0.680.10
 
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$ 7.73-1.90%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%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$ 11.26-0.53%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 0.58-0.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.49-0.40%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$ 15.41-1.34%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%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$ 1.72-0.86%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.68-1.39%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$ 0.03+3.03%Trend Power :