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Grande Portage Resources Ltd.

Publié le 12 octobre 2012

Announces 11.58 Metres of 24.37 gpt Gold

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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...

All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to the financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent the accuracy of the statements made herein. We do not provide individual investment counseling, act as an investment advisor, or individually advocate the sale of any investment. Neither the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is il-legal punishable by law.

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Grande Portage Resources Ltd.

CODE : GPG.V
ISIN : CA38655P1027
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Grande Portage Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Grande Portage Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MERRY WIDOW et HERBERT GLACIER au Canada.

Grande Portage Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 2,7 millions CA$ (2,0 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 0,93 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$.

Grande Portage Res. possède 11 955 237 actions en circulation.

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