Grande Portage Resources Ltd. to Drill up to 2,000 Metres at the Pass Property Gold Target
Published : April 29, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Cyprus | Diamond | Gold | Lead | Panama | Silver | Utah | Zinc |

VANCOUVER, April 29 /CNW/ - Grande Portage Resources Ltd. (TSXV: GPG) ("Grande Portage" or "the Company") is pleased to announce that it intends to drill its 100% owned Pass Property gold target in July, 2011. The Pass property is a gold-silver-base metal property located near Smithers, B.C.

In 2008 the Company completed 24 NQ-size Diamond drill holes totaling 1,569 metres from five drill setups testing a strike length of approximately 700 metres. The initial drill program was designed to focus on the high-grade gold-silver bearing polymetallic quartz veins identified by previous operators and confirmed by the Company's grab samples collected in 2007, where previous prospecting work had outlined a strike length of almost 1 kilometre. The primary vein is characterized by strong silicification and sulphide minerals in variable concentrations including pyrite, chalcopyrite, galena and sphalerite, from disseminations to massive sulphide. The vein itself pinches and swells along strike and down dip as evidenced both in the trenches and in drill hole intersections. Wallrock is strongly silicified with propylitic (epidote) alteration and disseminated sulphide mineralization.

Drill hole intersections of the primary quartz vein provided widths from between 0.23m to 9.93m with the best hole (PAS-08-23) intersecting 2.46 metres grading 12.84 g/t gold, 29.21 g/t silver, 4.88% lead and 3.36% zinc. (A complete summary of all 2008 drill hole assay intersections are listed in the Company's news release dated October 15, 2008.) In some holes more than one vein was intersected. All veins and related mineralization occur within a silicified and mineralized alteration halo, referred to as the "Vein Complex", which ranges from 1m to 12.46m in total width. The vein complex is comprised of individual quartz veins, zones of narrow quartz veinlets, and sulphide mineralized wallrock. The sulphide mineralization associated within the alteration halo occurs as disseminations and micro veinlets and is a similar assemblage as the primary veins.

The Phase II drill program is planned to commence in July and is expected to be a minimum of 10 drill holes from five sites totaling 1,000 metres. An additional 1,000 metres of drilling is available to follow-up any areas of interest from this phase or new areas of veining that may be located by a prospecting and mapping program. The program will require (i) both infill and down-dip drill testing of the vein complex already tested, (ii) expansion of the vein strike length to the southwest and northeast, (iii) sampling and drill testing of another possibly parallel vein system located near the top of a ridge and not tested in 2008, and (iv) prospecting and mapping throughout the property to locate new vein-bearing structures. The project's infrastructure is excellent, with a road and power line passing through the northern portion of the claims within one kilometre of the area drill tested. A 45 minute drive from the staging area on the Telkwa Pass road leads to Provincial Highway #16 at Telkwa, 15 kilometres east of Smithers, BC.

New Director

The Company wishes to announce that R. Dale Janowsky Q.C. has submitted his resignation as Director. The Company wishes to thank Dale for his guidance over the past two years and wishes him every success with his future endeavours. Mr. Janowsky's seat on the Board has been filled by Douglas A. Perkins, B.Sc., FGAC. Mr. Perkins is a geology graduate from the University of British Columbia. Mr. Perkins has served on public company boards for over 25 years involving the promotion and representation of their geological properties. He has been involved in several start-ups of both public and private companies not only geological but including manufacturing, wholesale and developmental industries. From an exploration standpoint, Mr. Perkins worked on the Gataga Trend for Cyprus Anvil where several multi million ton deposits were discovered. He also worked for UTAH, UMEX, Cominco and oversaw Freeport/Stryker's exploration project in northern B.C. near the Windy Craggy deposit. Mr. Perkins has tropical experience in 1988 - 89 in the jungle of the Darien Gap in Panama. For the last two years he has been Sr. V.P. and Director of GMV Minerals Inc. (TSX-V "GMV") in Guyana South America.

Lastly, the Company announces that it has granted incentive stock options to a director and consultants to purchase up to 550,000 common shares at an exercise price of $0.15 per share for a period of 5 years from date of grant.

Wesley Raven, P. Geo, is the qualified person and takes responsibility for the technical disclosure in this news release.

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

Data and Statistics for these countries : Cyprus | Panama | All
Gold and Silver Prices for these countries : Cyprus | Panama | All

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$ 6.8 millions as of today (US$ 5.4 millions, € 4.8 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)
0.570+16.33%
TSX-V
CA$ 0.570
01/19 14:02 0.080
16.33%
Prev close Open
0.490 0.500
Low High
0.500 0.570
Year l/h YTD var.
0.490 -  0.590 5.56%
52 week l/h 52 week var.
0.235 -  0.740 60.56%
Volume 1 month var.
89,000 14.00%
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
2022-13.64%
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$ 7.20+1.84%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.15-1.83%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.41-0.87%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$ 0.99+5.43%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 0.74-3.64%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04-11.11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.65+1.67%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$ 10.82+0.56%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.38-2.60%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+5.26%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$ 2.41+18.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 49.40-1.91%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+0.00%Trend Power :