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Be the first with the news that moves the market- Grande Portage Resources (TSXV:GPG) has resumed drilling at its Herbert Gold Project in the Juneau Gold Belt of southeast Alaska
- The company intends to drill 18 to 20 holes from up to four different platforms, focusing on expanding the Goat, Main and Deep Trench veins
- This follows on from previous drilling which tested several gold-quartz veins of the Herbert mesothermal vein with positive results
- Separately, the company has granted incentive stock options to certain directors, officers and consultants
- Grande Portage Resources (GPG) is currently up 5.8 per cent to C$0.36 per share
Grande Portage Resources (TSXV:GPG) has resumed drilling at its Herbert Gold Project in the Juneau Gold Belt of southeast Alaska.
Employing a work schedule of two 12-hour shifts per day, the Vancouver-based company plans to drill roughly 18 to 20 holes from up to four different platforms. This is intended to focus on four separate major veins and their associated satellite structures.
A key focus of the program will be the expansion of the gold-bearing Goat, Main and Deep Trench veins. The Floyd vein and the recently identified Elusive vein will also be tested following their discovery during a light detection and ranging (LiDAR) survey.
This program comes off the back of from previous drilling operations which tested a number of gold-quartz veins of the broader Herbert mesothermal vein system, returning positive results.
Ian Klassen, CEO of Grande Portage Resources, said he is excited to begin the much anticipated summer drill program at the Herbert Gold Project.
“The company has generated many very encouraging high-grade drill results in each of its previous drill campaigns.
“We are now well positioned to follow up on this summer’s drilling program which is entirely focused on expansion,” he added.
Separately, and subject to the approval of the TSX Venture Exchange, Grande Portage has granted incentive stock options to certain directors, officers and consultants of the company. As such, a total of 650,000 common shares will be exercisable at a price of C$0.35 each until June 30, 2025.
Grande Portage Resources (GPG) is up 5.8 per cent and is trading at 36 cents per share
