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Grande Portage Resources Ltd.: Grande Portage Resources Announces Updated Resource Estimate for Its Herbert Gold Project- 97% Increase for the Indicated Gold Category and 29% Increase for the Inferred Gold Category
Grande Portage Resources Ltd. (TSXV: GPG) (OTCQB: GPTRF) (FSE: GPB)
( Grande Portage or the Company ) is pleased to report a new NI 43-101 Independent Mineral Resource Estimate for its 100% controlled Herbert Gold Project located in S.E. Alaska.
The Mineral Resource estimate has a base case mineral resource cut-off grade of 3.00 grams per tonne gold (gpt Au) is capped at 125 gpt and consists of:
An Indicated Resource of 1,196,800 ounces of gold at an average grade of 10.23 gpt Au in 3,637,000 tonnes.
Grande Portage Resources reports additional drill results from its recently completed program at Herbert.
Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) announced in a news release results from drill testing the Ridge, Main and Deep Trench veins at its Herbert Gold Project in Alaska s Juneau Gold Belt. These holes continue to add confidence that this system is pervasive and will continue to grow, President Ian Klassen said in the release. All veins drilled have encountered mineralized material. Mesothermal veins are usually less than two meters wide and often occur in parallel sets just as they are presented at the Herbert deposit.