Grande Portage Resources Ltd. Starts Drilling at the Herbert Glacier Gold Discovery in Alaska
20 Junho 2012 - 9:30AM
PR Newswire (Canada)
VANCOUVER, June 20, 2012 /CNW/ - Grande Portage Resources Ltd.
("Grande Portage" or "the Company") is pleased to announce that it
has commenced drilling at its mesothermal vein gold discovery near
Juneau, Alaska. The 2012 drill program will be divided into two
primary objectives, the larger drill will go deep at 25 meter
spacing in order to convert inferred ounces into the measured and
indicated category. The smaller drill will explore 3000 meters of
relatively shallow holes into 4 of the 5 principle vein structures.
Each structure has a surface expression of approximately 1,000
meters and management anticipates data from up to 70 holes by the
conclusion of this season's drilling. 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. Further to the Company's announcement
made on June 11, 2012, the total incentive stock option grants to
the Company's directors, officers, employees and consultants has
been increased to up to 1.9 million shares, exercisable at a price
of $0.15 per share for a period of 5 years from the date of grant.
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 Grande Portage Resources Ltd. CONTACT: Mr. Ian
KlassenPhone: (604) 899-0106Email: ian@grandeportage.comWebsite:
www.grandeportage.com
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