Grande Portage Resources Ltd. Announces 11.58 Metres of 24.37 gpt Gold

    




 Exceptional Gold Assay Returns Continue at Herbert Glacier Project 

 VANCOUVER, Oct. 9, 2012 /CNW/ - Grande Portage Resources Ltd.  ("Grande Portage" or "the Company") is pleased to announce new  assay results from four additional diamond drill holes on the Deep  Trench Vein and six from the Main Vein on its Herbert Glacier gold  project located 30 km north of Juneau, Alaska. 

 Hole 326B2, drilled on the western Deep Trench vein, intersected rich  mineralization consisting of 11.58 metres (6.14 metres true thickness)  of 24.37 grams per tonne gold (0.712 ounces per ton) in a shear zone  with quartz veins containing visible gold.  One sample within this interval returned 364 grams per tonne (10.63 ounces per ton) over 0.71 metres (see Table below).  Another intercept deeper in hole  326B-2 penetrated a footwall split vein which returned 2.68 metres of  5.54 grams per tonne.  Results from other 326 Platform holes include an  intercept in 326C of 4.24 metres (2.84-metres true thickness) of 4.50  grams per tonne gold.  The strong gold mineralization in the 326  Platform holes appears to be confirmation of the shallower upward  continuation of the high grade zone intersected by several of the E Pad  holes reported in earlier releases and also seen in trenches at the  surface. 

 Drilling on the Main Vein this season included eleven holes from the O  Platform which is located approximately 100 metres east of Pad A and 70  metres west of Pad D (see Map below).  New assays from hole 12O-1  resulted in an intercept of 4.90 metres (4.46-metres true thickness)  averaging 9.39 grams per tonne (0.274 ounces per ton) gold including a  0.56 metre intercept of 54.60 grams per tonne (1.594 ounces per ton)  gold.  Results from holes 12O-1 through six are shown in the table  below.  Assays for the additional holes are pending. 

 The Company recently completed seven holes from the J Pad on the Goat  Creek vein, the northernmost of the five parallel mesothermal veins  that make up the Herbert Glacier project. All J Pad drill holes have  intersected mineralized structures with several having intercepts  containing visible gold. These strong early results of drilling on the  Goat Vein are extremely encouraging.  Assays are now pending. 

 The following table summarizes the new results which have been received  since the last news release: 





         Hole       From         To     Interval     Thickness        Au,        Au,

         Name        (m)        (m)          (m)       True, m       Gr/t     Oz/ton

        12O-1      91.14      96.04         4.90          4.46       9.39      0.274

    includes:                                                                       

        12O-1      92.92      93.48         0.56          0.51      54.60      1.594

        12O-2       9.94      10.30         0.36          0.28      17.10      0.499

        12O-2      33.47      33.80         0.33          0.25      15.45      0.451

        12O-2     111.38     112.62         1.24          0.95       2.94      0.086

        12O-3      25.98      26.35         0.37          0.23       6.98      0.204

        12O-3     139.63     143.24         3.61          2.20       5.12      0.149

        12O-4     192.05     195.25         3.20          1.44       2.37      0.069

        12O-5      98.09      99.63         1.54          1.37       2.65      0.077

        12O-6     119.29     126.61         7.32          5.20       6.15      0.180

    includes:                                                                       

        12O-6     126.14     126.61         0.47          0.33     68.600      2.003

         326A      72.18      72.70         0.52          0.41      11.70      0.342

        326B2      82.46      94.08        11.58          6.14      24.37      0.712

    includes:                                                                       

        326B2      93.37      94.08         0.71          0.38     364.00     10.629

        326B2     101.43     102.00         0.57          0.30       4.53      0.132

        326B2     104.37     107.05         2.68          1.42       5.54      0.162

         326C      12.85      13.58         0.73          0.49       6.03      0.176

         326C      73.03      77.27         4.24          2.84       4.50      0.131

         326C      81.17      81.53         0.36          0.24       6.50      0.190

         326D      20.98      21.46         0.48          0.29       5.28      0.154






  

 Metallic screen assays for several of the above intercepts are pending.   Typically if coarse gold is a component of the sample, the assay values  for that sample are upgraded substantially by using the metallic  screening process because no gold is lost during sample preparation. 

 Herbert Glacier Project 

 The newest drilling platform, H Pad, was recently located in a 150 metre  step-out to the east on the Deep Trench vein to continue the  exploration drilling.  A visual inspection of the initial hole shows  abundant levels of quartz and arsenopyrite-rich core, which are  important elements for gold mineralization at the Herbert. Importantly,  this hole was extended an additional 200 metres to intersect the  parallel Floyd vein. The Floyd outcrops on the surface 160 metres south  of the Deep Trench vein. This is a significant development as it's the  first time that drilling has intercepted the Floyd vein at depth and  not just observed at the surface. 

 The Herbert Glacier prospect is in the historic Juneau Gold Belt,  formerly a world class district with producers such the A-J and  Treadwell mines and literally dozens of smaller gold mines and  prospects.  The district has been reactivated by the reopening of Coeur  Alaska's Kensington gold mine located northwest of the Herbert Glacier  property.  Strong community support has also been demonstrated for the  Green's Creek Mine, a rich massive sulfide deposit containing silver,  gold and zinc located in a parallel trend 20 kilometers to the west. 

 Core logging, processing, sampling and storage is conducted at a secure  location in Juneau.  Analytical testing of the core samples has been  conducted by ALS Canada Ltd., with the sample preparation being done in  Anchorage, AK, and analysis of the samples by the Vancouver, B.C.  laboratory.  Methods include metallic screening for coarse gold, fire  assays, and multi-element ICP analysis. 

 Grande Portage and Quaterra Resources, Inc.    have formed a 65%/35% joint venture for the further exploration  and development of the property with each party bearing their  proportionate costs. 

 This news release has been prepared and approved by Carl Hale, CPG, a  geologist with more than 40 years' experience and a Qualified Person as  defined under NI #43-101. Mr. Hale is supported by C.C. Hawley, Ph.D.,  CPG of Hawley Resource Group, Inc. and Alaska Earth Sciences, Inc. of  Anchorage, Alaska. 

 ON BEHALF OF THE BOARD OF DIRECTORS 

 ________________________________________ Ian Klassen, President 

 NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS  THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS  RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE 

   


SOURCE  Grande Portage Resources Ltd.




PDF available at:  http://stream1.newswire.ca/media/2012/10/09/20121009_C5103_DOC_EN_19025.pdf




Grande Portage Resources Ltd.


CONTACT:  Mr. Ian KlassenPhone: [phone]Email: [e-mail]: www.grandeportage.com 


    

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