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Be the first with the news that moves the market- Grande Portage Resources (GPG) has added a second drill rig to an exploration program at its Herbert gold project in southeast Alaska
- Due to arrive within the next 14 days, the rig will be dedicated to testing previously unexplored areas of the Deep Trench and Main Veins
- Drilling is currently under way at the eastern extension of the Goat Vein, which is open to both the east and west at depth
- Surface exploration is also being undertaken, and will include geologic mapping and sampling in the North Vein and Elusive Vein regions
- Grande Portage Resources (GPG) is currently down 5.45 per cent and is trading at C$0.52 per share
Grande Portage Resources (GPG) has added a second drill rig to an exploration program at its Herbert gold project in southeast Alaska.
Located roughly 25 kilometres north of Juneau, the Herbert Gold project sits within the 160 kilometre long Juneau Gold Belt, which has to date produced almost seven million ounces of gold.
The property is open to both length and depth, and hosts at least six primary composite vein-fault structures with ribbon structure quartz-sulfide veins.
According to a recent mineral resource estimate, the project holds an indicated resource of 606,500 ounces of gold at an average grade of 10.03 grams per tonne.
The second drill rig is due to arrive on site within the next 14 days, and will be dedicated to testing previously unexplored areas of the Deep Trench and Main Veins from Pad U and Pad Y.
Currently, drilling is focused on the eastern extension of the Goat Vein, which remains open to both the east and west at depth.
In addition, the program is expected to include holes at the North Vein, the Main Vein, the Deep Trench and the Floyd and Elusive Veins.
Grande Portage has also scheduled a program of surface exploration, which will include geologic mapping and sampling in the North Vein and Elusive Vein regions, both of which have received limited attention.
To date, the North Vein has been drilled only once before, in 2018. Holes at the western end of the structure returned positive results, including 0.41 metres at 27.8 grams per tonne of gold.
A number of holes have been planed for the eastern end of the vein, which is thought to have a potential strike length of roughly 600 metres, cropping out at the surface with a quartz vein reportedly one metre thick.
Grande Portage Resources (GPG) is down 5.45 per cent and is trading at C$0.52 per share at 3:06pm EDT.
