Grande Portage Resources Ltd (TSXV: GPG) has commenced its summer drill programme at its 100% controlled Herbert Gold project located in SE Alaska.
The fully funded drill programme will test multiple targets from three platforms. The company intends to test the main mineralised structures at depths beyond 500m, while at the same time, penetrating additional structures at shallower levels and along strike. The vein structures and mineralisation show no signs of diminishing with depth.
In addition to drilling the deeper portions of the Goat, Main, and Deep Trench veins, one of the company’s planned drill sites will test the eastern extension of the Deep Trench, the Floyd and the Elusive Structure, which remains virtually unexplored to date.
Grande Portage Resources is focused on the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska.
The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulphide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold.
The company’s updated NI#43-101 Mineral Resource estimate reported at a base case mineral resources cut-off grade of 3.0 grams per tonne gold (g/t Au) and consists of: an indicated resource of 1,196,800 ounces of gold at an average grade of 10.23 g/t Au (3,637,000 tonnes); and an inferred resource of 325,900 ounces of gold at an average grade of 8.91 g/t Au (1,138,000 tonnes), as well as an Indicated resource of 686,700 ounces of silver at an average grade of 5.87 g/t Ag (3,637,000 tonnes); and an inferred resource of 169,300 ounces of silver at an average grade of 4.63 g/t silver (1,138,000 tonnes).
The resource assumes underground mining techniques, a gold price of US$1,300 and are reported at a 2.5 g/t cut-off.
For further information please visit: https://grandeportage.com/
