Grande Portage Resources (TSXV: GPG) this morning reported early results from its ongoing exploration program at its Herbert Gold property in southeastern Alaska. Results this morning come from channel samples conducted on the property.
Exploration is currently ongoing on the property, with two drills currently turning. Samples are also being collected, with the firm this morning releasing a highlight channel sample assay of 115.3 g/t gold over 0.45 metres. The sample comes from the hanging wall of the Goat Vein, located along the edge of the Herbert River. A separate grab sample .10 metres in length meanwhile assayed 17.92 g/t gold.
In terms of drilling, 4,000 metres have been completed to date out of a planned 7,500 metre program. However, the company only had a single drill hole to report on due to delays related to assaying, with hole 2IP-3 intersecting 9.43 g/t gold over 0.49 metres along the Goat Vein and 14.22 g/t gold over 0.50 metres along the Sleeping Giant Vein.
The company this morning also noted that turnaround times for assays are currently taking seven to nine weeks after drilling is complete.
Grande Portage Resources last traded at $0.60 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.