VANCOUVER, Sept. 3 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG)
("Grande Portage" or "the Company") is pleased to announce that it has
completed 10 NQ diamond drill holes from three drill setups at its 100% owned
gold-silver property near Smithers, B.C.
The initial drill program was designed to focus on the high-grade
gold-silver bearing polymetallic quartz veins from which selected grab samples
collected in 2007 assayed up to 72.95 g/t gold, 365 g/t silver, 1.218% copper,
29.0% lead and 20.14% zinc. Previous work had outlined a known strike length
of almost 1 kilometre.
The primary vein is characterized by strong silicification and sulphide
minerals in variable concentrations including pyrite, chalcopyrite, galena and
sphalerite, from disseminations to massive sulphide. The vein itself pinches
and swells along strike and down dip as evidenced both in the trenches and in
Drillhole intersections of the primary quartz vein provided widths from
between 0.23m to 3.35m. In some holes more than one vein was intersected. All
veins and related mineralization occurs within a silicified and mineralized
alteration halo extending 1m to 12.46m in total width. The veins and
surrounding alteration are referred to as the vein complex. The sulphide
mineralization associated within the alteration halo occurs as disseminations
and micro veinlets and is a similar assemblage as the primary veins.
The Phase I drill program tested three drill sites separated over 540
metres; the entire strike length tested is slightly more as a series of fan
holes went out from the sites. Two holes, 3 & 9, failed to intersect
mineralized vein material. The initial site locations were selected for ease
of set-up and to maximize strike exposure. Future drilling will require more
detailed work on drill pad construction in order to deal with terrain
obstacles and to be more target specific. A complete map of all drillholes,
intersections, and surface geology and assay values is being prepared in
conjunction with receipt of drillhole assays.
The samples from holes PAS-08-01 to PAS-08-10 have been shipped to the
ALS Chemex prep facility in Terrace, BC; final analysis will be done in North
Vancouver. Analysis will include ore-grade analyses for gold, silver, copper,
lead and zinc.
Wesley Raven, P. Geo., VP Exploration, is the qualified person and takes
responsibility for the technical disclosure in this news release.
About Grande Portage Resources Ltd.
Grande Portage Resources Ltd. is a mineral exploration and development
company focused on massive sulphide exploration in British Columbia. Grande
Portage is operated by experienced managers and professionals who have been
effective in discovery, mine development, and mining operations throughout
North and South America, Africa, Europe, and Central Asia. The Company is well
financed with no debt. More information is available online at
ON BEHALF OF THE BOARD OF DIRECTORS
Alistair MacLennan, Chairman
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other
factors, including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
For further information:
For further information: Mr. Ian Klassen, Phone: (604) 290-5762, Email:
firstname.lastname@example.org, Website: www.grandeportage.com