Grande Portage To Begin 7,300 Metre Drill Program Within Two Weeks

Grande Protage Resources (TSXV: GPG) this morning announced that it will be mobilizing for its planned Herbert Gold drill program within the next two weeks. The program is expected to test multiple targets at the southeastern Alaska project.

The company this morning revealed that it has signed a drill agreement with a contractor, under which the company is to drill 7,300 metres (24,000 feet) across a series of holes. The program is to test targets from up to nine platforms as it looks to expand its understanding of the mineralization on site.

Under the drill program, the company has indicated that it intends to test the eastern extensions of the Goat vein, while expanding coverage of the western, central, and eastern portions of the Deep Trench and Main veins. The company also intends to drill to deeper depths to expand coverage on the Main vein. Finally, Grande Portage will look to expand drill testing of the Sleeping Giant vein, where the company interested values of 50.84 g/t gold and 43.03 g/t gold over 1.3 metres and 1.5 metres respectively.

“We are very excited to start this season’s drill program, with NISS, a first class operator, especially on the heels of our recently announced NI resource calculation. Our geological team, led by Carl Hale is very optimistic about the continued opportunities to expand the Herbert resource, a high grade gold project with tremendous growth potential.”

Ian Klassen, CEO of Grande Portage

Grande Portage Resources last traded at $0.69 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

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Why Copper Needs a Much Higher Price to Fix the Supply Problem | Greg Ferron – PTX Metals

Recommended

Crossroads Gold Closes Rox-ex Acquisition, Adds Pambula and Club Terrace to Australian Pipeline

Goliath Resources Kicks Off Fully Funded 50,000 Metre Drill Program At Surebet

Related News

Orezone Gold: Management Has Elected To Build A West African Gold Project Without A Net

Over the first two months of 2021, Orezone Gold Corporation (TSXV: ORE), a single-asset gold...

Sunday, March 7, 2021, 10:32:00 AM

Gold To $2500 By Mid-2021? – The Daily Dive feat Tom Meredith

The Daily Dive today is featuring that of Tom Meredith, Executive Chairman of West Red...

Wednesday, November 11, 2020, 01:09:17 PM

Gold Company: No Financing, No Warrants, & Money in the Bank! with John-Mark Staude of Riverside Resources

In this interview at the Precious Metals Summit 2024, John-Mark Staude, President and CEO of...

Thursday, September 12, 2024, 04:45:00 PM

Foreign Countries Reducing US Treasuries, Opt for Gold Reserves

As the vast majority of the global economy was shut down in response to the...

Tuesday, June 16, 2020, 05:47:00 PM

Kesselrun To Raise $8.0 Million In Private Placement

Kesselrun Resources (TSXV: KES) this morning announced that it will be raising $8.0 million via...

Friday, October 9, 2020, 08:42:55 AM