Initial 2012 drilling at Herbert Glacier, Alaska project produces multi-ounce gold intercepts along Deep Trench vein

    




 VANCOUVER, Sept. 4, 2012 /CNW/ - Grande Portage Resources Ltd.  ("Grande Portage" or "the Company") today announced initial 2012  drilling results from its Herbert Glacier mesothermal vein gold project  near Juneau, Alaska. Results from the Deep Trench vein include two  holes with multi-ounce gold intercepts and numerous other significant  intercepts that establish continuity between the wider spaced 2011  mineralized intervals. 

 Highlights include hole 12E-1, which intersected 3.34 meters (true  thickness 2.47 meters) averaging 17.79 g/tonne (0.52 oz/ton) gold,  including 0.55 meters of 76.8 g/tonne (2.24 oz/ton) gold; and hole  12G-5, which intersected 5.73 meters (true thickness 3.55 meters)  averaging 20.3 g/tonne (0.59 oz/ton) gold, including 1.2 meters of 79  g/tonne (2.3 oz/ton) gold. Hole 12G-3 contains a 3.15 meter intercept  with a true thickness of 2.05 meters averaging 15.6 g/tonne (0.455  oz/ton) gold and hole 309B includes a 4.07 meter intercept (true  thickness 2.60 meters) averaging 11.3 g/tonne (0.331 oz/ton) gold.   These assays along with others are supplied in the following table with  the hole locations shown on the map below. 

  





    Hole   From              To     Interval Thickness  Au,   Au,
    Name   (m)              (m)       (m)     True, m  Gr/t  Oz/ton

    12E-1 116.30          116.85       0.55     0.41   76.80 2.243

         (included within following                              
              intercept:)

    12E-1 113.51          116.85       3.34     2.47   17.79 0.520

    12E-2 183.04          184.56       1.52     0.79   7.05  0.206

    12E-4 157.56          159.41       1.85     1.09   3.99  0.117

    12E-5 127.41          128.89       1.48     0.98   7.26  0.212

    12E-5 143.80          146.05       2.25     1.49   3.55  0.104

    12E-6 165.98          166.97       0.99     0.51   5.50  0.161

    12E-7 95.97           96.95        0.98     0.86   3.83  0.112

    12E-9 164.87          169.19       4.32     2.12   4.63  0.135

    12G-1 152.36          158.16       5.80     3.13   4.69  0.137

    12G-2 167.85          169.26       1.41     0.66   8.33  0.243

    12G-2 173.98          176.84       2.86     1.34   6.63  0.194

    12G-3 121.96          125.11       3.15     2.05   15.57 0.455

    12G-4 104.01          105.74       1.73     1.35   3.41  0.100

    12G-5 131.66          132.86       1.20     0.74   79.00 2.307

         (included within following                              
              intercept:)

    12G-5 129.42          135.15       5.73     3.55   20.29 0.593

    12G-6 161.46          162.86       1.40     0.67   3.76  0.110

    12G-6 166.04          169.44       3.40     1.63   3.61  0.105

    309B  43.94           48.01        4.07     2.60   11.33 0.331

    309C  62.96           65.95        2.99     1.91   4.71  0.137

    309C  69.86           74.37        6.46     3.23   5.19  0.151

    309D  44.91           46.86        1.95     1.62   6.95  0.203

    312B  54.99           57.16        2.17     1.56   8.22  0.240






  

 Herbert Glacier drill outline 

 The Deep Trench vein occupies an east-west striking shear zone which  dips steeply north. Deep drilling from Pads F, E, and G plus shallow  drilling from five additional pads has intersected the mineralized vein  over a strike length of 370 meters and to a depth of over 200 meters.  The vein can be traced at surface over a strike length of 1000 meters  and is open at depth. Holes 12G-3, 12G-5 and several other holes, for  which assays are pending, have partially delineated a new high-grade  zone or shoot beginning at the surface between Pads E and G and  plunging steeply east to a depth of at least 150 meters.  Shallow  drilling in this area from platform 311 produced core with strong  visible gold for which assays are pending. 

 "We are very encouraged by the initial results from our 2012 drilling  program", commented Ian Klassen, President of Grande Portage. "Not only  have we discovered a new zone of high grade gold mineralization east of  our original discovery on the Deep Trench vein, but have also confirmed  continuity of mineralization between our more widely spaced holes  drilled last year." 

 To date (August 30th), 36 holes totaling 4900 meters have been completed  in 2012 along the western part of the Deep Trench vein. The Company  will continue drilling with two rigs focusing on the Deep Trench, Main  and Goat veins. 

 Core logging and processing of the core for sampling and storage is done  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/2012/09/04/20120904_C3358_DOC_EN_17444.pdf




Grande Portage Resources Ltd.


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


    

Copyright