VANCOUVER, April 20 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG)
("Grande Portage" or "the Company") is pleased to announce that it has
received approval to commence drilling at the Herbert Glacier gold
project in the Juneau Gold Belt, Alaska. The Company will mobilize in
early June with drilling expected to commence on June 16, 2011.
The 2011 program consists of up to twenty-two (22) NQ core holes with a
drilled total of approximately 3000 meters. The program targets three
main structures; Deep Trench, Main, and Goat Creek as well as the
satellitic Lake and Ridge veins. Drilling targeted on the Deep Trench
structure offsets a 12-meter vein intercept that previously included
1.51m grading 5.18 g/t Au and another hole (10E-1) that intersected
sections grading 6.42g/t Au and 8.51 g/t Au before being lost short of
the target. The sub parallel Main Vein will be tested from three
platforms including 10C that intersected a maximum of 17.1 g/t Au over
1.14m and a hole (10C-2) that was lost before intersecting the targeted
vein. A historic hole (H-5) on the drill hole alignment assayed 21.21
(g/t Au) over 1.22 meters.
The Goat Creek structure will be tested with up to three core holes.
This strong linear, which is sub parallel to the Deep Trench and Main
zones, can be followed for about 400 meters on the surface and contains
mineralized subsidiary quartz vein structures. Success in testing the
Goat Creek structure would open gold-vein potential for about 200
meters north of Main Vein. One more vein-fault, the Floyd structure
about 150m south of the Deep Trench, may be tested with a deep
extension from platforms 11E or 11G. Overall, drilling could extend
the vein structure over 600m in an E-W and N-S direction.
Core One Enterprises LLC has been selected as the drill contractor. Due
to the fairly steep terrain all holes will be drilled in fan fashion
from constructed platforms that permit minimal time in drill moves.
In 2010 Grande Portage entered into an agreement with Quaterra Resources
Inc. (TSX-V: "QTA", NYSE Amex: "QMM") wherein GPG has the right to earn
a 65% interest in the Property and the Lease by incurring Expenditures
on the Property of not less than USD$1,250,000 on or before June 15,
Carl Hale, CPG, a geologist of more than 40 years experience, will
direct the field program and will act as the qualified person as that
term is defined under NI 43-101. Mr. Hale will be backed up by C. C.
Hawley, Ph.D., CPG of Hawley Resource Group, Inc. and Alaska Earth
Sciences, Inc. of Anchorage, Alaska.
ON BEHALF OF THE BOARD OF DIRECTORS
Ian Klassen, President
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 statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS
THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
SOURCE Grande Portage Resources Ltd.
For further information:
Mr. Ian Klassen
Phone: (604) 899-0106