Goat vein meets high-grade expectations

Grande Portage Resources Ltd. Oct. 29 said drilling has tapped high-grade gold in the Goat vein on the Herbert Gold project in Southeast Alaska.

Earlier this year, Grande Portage reported very high-grade gold results from two channel samples cut across an outcropping section of Goat Vein.

One of these sample returned 129.02 g/t (3.76 oz/t) gold and 68 g/t silver over 1.12 meters; and the second returned 290 g/t (8.46 oz/t) gold and 224 g/t silver over 1.02 meters.

Hole DDH18M-6, drilled to intersect the vein about 170 meters beneath and 25 meters east of this outcrop, cut 6.29 meters (5.22 meters true-width) averaging 15.69 grams per metric ton gold, including a 1.05-meter, true-width section grading 64.19 g/t (1.87 oz/t) gold near the footwall contact of the structure.

The Goat vein is the northernmost of the three major drilled veins on the Herbert property. Strong quartz veining containing disseminated arsenopyrite, pyrite, galena and sphalerite and visible gold was observed in the core.

Herbert Gold hosts 1.1 million metric tons of indicated resource averaging 7.25 g/t (267,950 oz) gold; and 423,200 metric tons of inferred resource averaging 6.04 g/t (82,200 oz) gold, according to a resource calculation completed earlier this year.

Goat vein hosts 308,078 metric tons of the indicated resource averaging 6.19 g/t (79,037 oz) gold.

"For quite a while we've been wanting to continue to drill test the Goat vein where our geological team has high expectations," said Grande Portage Resources President Ian Klassen. "The largest contributor to the last increase in our mineral resource came from the eastern portion of the Goat vein."

Hole DDH18M-6 was designed to expand the drill-tested strike length of the Goat vein further east. Goat vein's contact with the source of the mineralizing fluids for the numerous veins identified at Herbert Gold is about 300 meters further east, providing room for further expansion in this direction.

Assay results from additional holes drilled at Herbert Gold are pending.

–SHANE LASLEY