Grande Portage Resources (TSXV: GPG) has finally received partial assay results from its fall 2021 drill program. Drilling was conducted at the firms flagship Herbert gold project, located in southeastern Alaska.
The drill program itself consisted of both expansion and infill drilling at the project, as the company looks to build upon its current mineral resource estimate. That estimate presently consists of 1.2 million ounces of indicated gold at 10.23 g/t gold, as well as 0.3 million ounces of inferred gold at 8.91 g/t gold.
Highlights from the results include:
- 21W-1: 51.5 g/t gold over 3.53 metres at 231.17 metres depth in the main vein
- 21Q-3: 11.365 g/t gold over 1.77 metres at 441.78 metres depth within the main vein
- 21X-2: 9.344 g/t gold over 2.45 metres at 117.10 metres depth within the goat vein
- 21X-1: 9.147 g/t gold over 1.49 metres at 45.68 metres depth within the hanging wall of the goat vein
While the company announced a significant number of assays this morning, further results from the drill program are still waiting to be received. A total of seven drill hole results remain outstanding from the 8,150 metre drill program.
“In addition to the high-grade drill hole results, the significant number of additional intersections between 3 and 10 gpt/gold continues to point to the development of a much larger resource. As always, our drill holes were planned to intercept multiple veins and we continue to report multiple intersections in nearly all of our drill holes,” commented CEO Ian Klassen.
While the final results from the fall 2021 exploration program are still waiting to be received, the company has already announced it intends to conduct further drilling in 2022. Last month, Grande Portage announced a 10,000 metre, 13 hole drill program is currently scheduled for the program, with a focus on deep drilling.
Grande Portage Resources last traded at $0.54 on the TSX Venture.
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