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Be the first with the news that moves the market- Grande Portage Resources (GPG) has hit promising early results, while testing new targets at its Herbert Property in Alaska
- The notable intersect hit 18.291 grams per tonne of gold across 3.11 metres, which included a higher-grade section at 61.2 grams per tonne of gold across 0.74 metres
- Meanwhile, a separate hole exploring the site’s Elusive vein returned 4.146 grams per tonne of gold across 1.78 metres
- The company intends to continue updating the market, as the pending lab results from the ongoing program continue to roll in
- Grand Portage Resources is trading in the grey at C$0.41 per share
Grande Portage Resources (GPG) has hit promising early results, while testing new targets at its Herbert Property in Alaska.
The notable intersect hit 18.291 grams per tonne of gold across 3.11 metres, which included a higher-grade section at 61.2 grams per tonne of gold across 0.74 metres.
Metallic screen results for this hole are still pending but are expected to typically higher due to the inclusion of coarse gold.
Meanwhile, a separate hole exploring the site’s Elusive vein returned 4.146 grams per tonne of gold across 1.78 metres. This was the first time testing the vein and was drilled 300 metres out from the southern point on the site’s Deep Trench vein.
The Elusive vein has been of particular note for the company since a LiDAR survey on the site back in 2018, which showed only a “subtle expression” among other more distinct targets.
Ian Klassen, President of Grande Portage, said the LiDAR survey has been invaluable.
“Not only did it precisely confirm known veins within the system, but it identified up to 16 new parallel structures within our property boundaries. We are delighted that the first ever drillhole into one of these structures has returned gold values. We look forward to further expanding our drilling efforts up to 300 meters to the south of our previous efforts,” he added.
The company intends to continue updating the market, as the pending lab results from the ongoing program continue to roll in.
Grand Portage Resources is trading in the grey at C$0.41 per share at 1:58pm EST.
