Drill results continue to trickle in for Grande Portage Resources (TSXV: GPG). The latest results released this morning come from their fall 2021 drill program, the second such set of results to be received following the company intersecting 51.5 g/t gold over 3.53 metres.
“These results have continued to expand our high-grade zones in the Goat, Main and Deep Trench veins into previously undrilled areas. Additionally, infill drilling shows potential for the Sleeping Giant to expand to the west as well as to depth, and for the higher-grade zones within the Main Vein to expand to the west.. We look forward to increasing these zones during our upcoming, fully funded 2022 drill season,” said CEO Ian Klassen on the results.
Highlights from the data released this morning include:
- 21Q-4: 15.42 g/t gold over 2.13 metres at Sleeping Giant; 20.90 g/t gold over 0.92 metres at the Main Vein
- 21Q-5: 18.53 g/t gold over 1.46 metres at Sleeping Giant
- 21Q-6: 85.74 g/t gold over 1.07 metres at the Goat hanging wall
The results come from the firms flagship asset, the Herbert Gold project found in southeastern Alaska, with the 21Q series holes consisting of the furthest drill holes conducted to the east to date. Drilling planned for 2022 is set to continue in this direction, following the success seen within the Goat vein at depth.
Assays released this morning consist of the final assays to be received from the 2021 drill program, the results of which will be added to the firms current resource estimate, which consists of 1.2 million ounces of indicated gold at 10.23 g/t, and 0.3 million ounces of inferred gold at 8/91 g/t gold.
A timeline for an updated resource estimate was not provided.
Grande Portage Resources last traded at $0.57 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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
