Grande Portage Resources, Quaterra Resources Announce Indicated Resource of 821,100 T, grading 6.91 Grams per Tonne Gold at Hebert Gold Project
Grande Portage Resources Ltd. (TSXV:GPG) and JV partner Quaterra Resources Inc. (TSXV:QTA, AMEX:QMM) announced updated resource estimate for the Herbert Gold project.
Grande Portage Resources Ltd. (TSXV:GPG) and JV partner Quaterra Resources Inc. (TSXV:QTA, AMEX:QMM) announced updated resource estimate for the Herbert Gold project.
As quoted in the press release:
Today’s updated estimate contains an indicated resource of 821,100 tonnes grading 6.91 grams per tonne gold (gpt) for 182,400 ounces of gold in the Deep Trench and Main veins. The resource was calculated using a base case cut-off of 2 gpt. The Deep Trench and five veins that have had limited drill testing contain an inferred resource of 51,600 tonnes grading 7.73 gpt gold for 12,800 ounces of gold. The continuity and consistency of gold mineralization.
Grande Portage’s President and CEO, Ian Klassen, said:
The results of the resource estimate underscore the excellent potential of our Herbert Project and highlights the deposit’s quality and potential for growth. Our total drilling to date has reached less than 10% of the known property potential.