Monday, September 15, 2025

Grande Portage Hits 1.78 Metres Of 4.15 G/T Gold In New Vein At Herbert, 18.29 G/T Gold In Goat Vein

Grande Portage Resources (TSXV: GPG) this morning released further results from its 2020 drill program conducted at its flagship Herbert Gold project, located near Juneau, Alaska. Just two drill holes saw data released this morning, including 3.11 metres of 18.28 g/t gold at the Goat vein, along with 1.78 metres of 4.146 g/t gold at the Elusive Vein, with metallic screened results not yet received for the holes.

While the results from the Goat Vein further confirmed mineralization in the region, the results from the Elusive Vein have proven to be more significant for the company, even if they may have a slightly lower grade. The significance of this hole is that it is the most southerly data to date from the Herbert project, with the hole being a 300 metre stepout from the Deep Trench Vein.

Drilling of the Elusive Vein was conducted following a 2018 LiDAR survey that was conducted on the property, which highlighted up to 16 new parallel structures on the property that were previously undiscovered. Surface exploration conducted in 2019 revealed that two surface outcrops were visible for the Elusive Vein, which was previously undiscovered due to thick brush.

With the discovery of significant gold values within this vein, it provides an opportunity for the company to expand the current resource estimate for the property, which sits at 606,500 ounces of indicated gold and 251,700 ounces of inferred gold. Mineralization is said to be slightly different in this vein, with a lack of quartz being present relative to other locations on the property. Future drilling of the vein as a result has been identified as being necessary, with the opportunity for the company to expand its current resource estimate.

“This LiDAR survey has been invaluable. Not only did it precisely confirm known veins within the system, but it identified up to 16 new parallel structures within our property boundaries. We are delighted that the first ever drillhole into one of these structures has returned gold values. We look forward to further expanding our drilling efforts up to 300 meters to the south of our previous efforts.”

Ian Klassen, President of Grande Portage

Grande Portage Resources last traded at $0.41 on the TSX Venture.


FULL DISCLOSURE: Grande Portage Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Grande Portage Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Falcon Gold Signs MOU To Expand Central Canada Property

Falcon Gold (TSXV: FG) this morning announced that it has signed a memorandum of understanding...

Thursday, April 23, 2020, 09:22:12 AM

Liberty Gold Reports 1.7 Million Indicated Ounces Of Gold At Black Pine Oxide Gold Deposit

Liberty Gold Corp (TSX: LGD) has finally released a resource estimate for its Black Pine...

Tuesday, July 13, 2021, 07:56:22 AM

Is China Quietly Amassing Gold?

China has been purchasing gold at a rate ten times higher than officially disclosed, buying...

Saturday, December 21, 2024, 09:17:00 AM

Your Next African Gold Mining Champion | Peter Marrone – Allied Gold

In this interview, Peter Marrone, CEO of Allied Gold (TSX: AAUC), outlines the company’s growth...

Saturday, February 1, 2025, 11:34:00 AM

SKRR Exploration Closes $1.2 Million Financing

SKRR Exploration (TSXV: SKRR) has closed a private placement just five days after announcement. The...

Wednesday, August 26, 2020, 09:02:21 AM