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
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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.
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