12:06:29 EDT Fri 03 Jul 2020
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Grande Portage Resources Ltd (2)
Symbol GPG
Shares Issued 67,203,805
Close 2020-06-29 C$ 0.345
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Grande Portage starts drilling at Herbert

2020-06-30 08:09 ET - News Release

Mr. Ian Klassen reports


Grande Portage Resources Ltd. has commenced drilling using two 12-hour shifts per day at its Herbert gold project in southeastern Alaska.

Grande Portage intends to drill approximately 18 to 20 holes from up to four different platforms, which will test up to four separate major veins and their satellite structures. The 2020 drill program is a continuation of previous drilling, which successfully tested multiple gold-quartz veins of the Herbert mesothermal vein system with very encouraging results. The current drill program will test targets focusing on the expansion of the gold-bearing Goat, Main and Deep Trench veins. It will also test the Floyd vein and the newly discovered Elusive vein, which was identified by lidar and verified on surface as a quartz vein bearing visible gold.

Ian Klassen, Grande Portage's chief executive officer, remarked: "We are excited to commence our much-anticipated summer drill program at the Herbert gold project in Alaska. 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."

In addition, the company announces that subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, officers and consultants to purchase up to 650,000 common shares exercisable on or before June 30, 2025, at a price of 35 cents per share.

Impact of COVID-19

Grande Portage is carefully monitoring the public health impact of the coronavirus (COVID-19) on a daily basis. The company's first priority is the health and safety of its communities, shareholders, contractors, employees and other stakeholders. The Grande Portage team has been working closely to ensure all the correct protocols and safety precautions are in place. The company will continue to monitor the evolving COVID-19 situation and will continue to act pro-actively to protect the health of its work force.

This news release has been prepared and approved by Carl Hale, CPG, a geologist with more than 40 years of experience and a qualified person as defined under National Instrument 43-101.

About Grande Portage Resources Ltd.

Grande Portage Resources is a publicly traded mineral exploration company focused on the Herbert gold discovery situated approximately 25 kilometres north of Juneau, Alaska.

We seek Safe Harbor.

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