Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Explorer Confirms High-Grade Mineralization in Vein at Alaska Property
News Update

Share on Stocktwits


Grande Portage Resources encountered 2.71 meters of 52.34 g/t gold in a stepout hole at its Herbert asset.

Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) announced in a news release the first results from the summer 2020 drill program at its Herbert gold project in southeast Alaska.

"This drill program reaffirms the emerging and ever-enlarging mesothermal vein system discovered at the Herbert gold project," President Ian Klassen said in the release. "These results continue to expand the resource database and knowledge of this system."

The reported assays are for holes drilled from two pads. One is the northernmost pad, T, which tested the Main vein, Goat vein and Ridge vein. The other is U, which is to the southeast of T and which tested the eastern extensions of the Main vein.

"The Goat vein is an extraordinarily strong and consistent structure with numerous associated splays and satellite structures which are often well-mineralized and constitute future drill targets," the release noted. The highlight assay comes from Goat vein stepout hole 20T-3, which returned 2.71 meters of 52.34 grams per ton gold.

Additional assays are currently pending and are expected to become available over the next three months.

So far, the Vancouver-based minerals company drilled nearly 7,500 meters via holes in the North, Goat, Sleeping Giant, Ridge, Main, Floyd and Elusive veins, in Deep Trench and in multiple additional veins and structures in between. In all of the veins it tested, Grande Portage encountered mineralization.

Drilling at Herbert is ongoing with two rigs. The explorer aims to drill a total of 21 holes over 8,500 meters in this program.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Grande Portage Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe