Grande Portage Outlines 10,000 Metre 2022 Drill Program

Grande Portage Resources (TSXV: GPG) is getting ready for the 2022 exploration season even as it awaits the results from its 2021 program. The firm this morning revealed its drill plan for the oncoming season at its flagship Herbert Gold project in Alaska.

The oncoming season will see the firm conduct a 10,000 metre diamond drill program, via two drill rigs. Currently, the firm intends to drill at least 13 holes under the program, with mapping and trench sampling also to take place.

The planned holes are to be drilled to depths of 750 metres and beyond, with the focus being the intercept of the main mineralized structures on the property, with shallower structures to be intersected along the way. Deep drilling is being undertaken as a result of shallow mineralization having successfully been tested under prior drill programs.

Drilling is expected to occur from up to three drill pads, where fan drilling will be conducted to eliminate drill relocations. Deep drilling is slated to occur on the Goat, Main and Deep Trench veins, while extension drilling to the east is planned for the Floyd, Elusive and Deep Trench veins. This extension drilling is being conducted to demonstrate that mineralization occurs at depths between two and three times deeper than the current resource estimate suggests, while also looking to test a poorly exposed section of the property.

Lastly, the firm expects to receive assay results from its 2021 program “imminently.”

Grande Portage Resources last traded at $0.53 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.

Video Articles

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Recommended

First Majestic Sells Past Producing Del Toro Silver Mine For Up To US$60 Million

TomaGold Drills 6.68% Zinc Equivalent Over 48.05 Metres At Berrigan Mine Project

Related News

New Safe-Haven? Bitcoin Inflows Are Outpacing Gold Inflows

Bitcoin has witnessed unprecedented inflows, surpassing those of gold, as investors channel billions into Bitcoin...

Friday, February 16, 2024, 11:04:00 AM

Scotiabank Fined US$127.5 Million For Manipulating Metals Markets Over 8 Years

The Bank of Nova Scotia (TSX: BNS) has been fined by the US Department of...

Wednesday, August 19, 2020, 03:45:43 PM

Prime Meridian Resources Stakes Additional Property In Red Lake Region

Prime Meridian Resources (TSXV: PMR) is increasing its portfolio of claims in the Red Lake...

Wednesday, September 22, 2021, 09:01:15 AM

Battle North Gold’s Takeover Price Has Negative Read-Through For Pure Gold’s Valuation

On March 14, Evolution Mining Limited (ASX: EVN) reached an agreement to acquire Battle North...

Sunday, March 21, 2021, 09:00:00 AM

Newlox Gold: A Junior Miner Focused On Production, Cash Flow, And The Environment

When it comes to juniors within the mining space, regardless of the metal that is...

Saturday, October 24, 2020, 08:30:00 AM