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Grande Portage Intercepts Multi-ounce Gold Along Deep Trench Vein

Investing News Network
Sep. 04, 2012 07:12AM PST
Gold Investing

Initial 2012 drilling at the Grande Portage Resources Ltd. (TSXV:GPG) Herbert Glacier mesothermal vein gold project in Alaska returned results from the Deep Trench vein including two holes with multi-ounce gold intercepts and numerous other significant intercepts that establish continuity between the wider spaced 2011 mineralized intervals.

Initial 2012 drilling at the Grande Portage Resources Ltd. (TSXV:GPG) Herbert Glacier mesothermal vein gold project in Alaska returned results from the Deep Trench vein including two holes with multi-ounce gold intercepts and numerous other significant intercepts that establish continuity between the wider spaced 2011 mineralized intervals.

Highlights include hole 12E-1, which intersected 3.34 meters (true thickness 2.47 meters) averaging 17.79 g/tonne (0.52 oz/ton) gold, including 0.55 meters of 76.8 g/tonne (2.24 oz/ton) gold; and hole 12G-5, which intersected 5.73 meters (true thickness 3.55 meters) averaging 20.3 g/tonne (0.59 oz/ton) gold, including 1.2 meters of 79 g/tonne (2.3 oz/ton) gold. Hole 12G-3 contains a 3.15 meter intercept with a true thickness of 2.05 meters averaging 15.6 g/tonne (0.455 oz/ton) gold and hole 309B includes a 4.07 meter intercept (true thickness 2.60 meters) averaging 11.3 g/tonne (0.331 oz/ton) gold.  These assays along with others are supplied in the following table with the hole locations shown on the map below.

Grande Portage President Ian Klassen said:

We are very encouraged by the initial results from our 2012 drilling program”, commented “Not only have we discovered a new zone of high grade gold mineralization east of our original discovery on the Deep Trench vein, but have also confirmed continuity of mineralization between our more widely spaced holes drilled last year.

Click here to read the Grande Portage Resources (TSXV:GPG) press release
Click here to see the Grande Portage Resources (TSXV:GPG) profile

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