Grande Portage Resources Ltd.: Drilling Successfully Extends the Mineralized Zone Along the Merry Widow Trend
Friday December 22, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 22, 2006) - Grande Portage Resources Ltd. (TSX VENTURE:GPG - News; "Grande Portage" or "the Company") is pleased to announce that since November it has completed 15 infill diamond drillholes in and around the Merry Widow open pit and 5 step out holes to locate the Raven showing massive sulphides.
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A total of 2,419 metres of additional drilling was undertaken. Of the 15 drillholes located at the Merry Widow pit, 8 were infill drilling to be used for resource calculations in 2007 and 7 were step-out drillholes onto the Coppery Knob showing. The 5 holes emplaced at the Raven showing were the first undertaken in this area by the Company and are 100 metre step-outs to the northeast from the Merry Widow pit along the Merry Widow trend. All of these holes successfully intersected skarn and variable massive sulphide mineralization. Full intersection widths, and assays will be available upon completion of the drill hole logging and receipt of assay reports.
Drilling has now stopped until January 2007. A proposed 60 hole program targeting the Old Sport Horizon has been submitted for approval. Further drilling on the Merry Widow trend will be also be permitted for at this time. The camp at the Kathleen Lake has been fully winterized to allow for year round exploration activity. As well, the Company is in discussions with Aeroquest Limited to complete an in-depth line by line analysis of its previously completed airborne magnetometer and EM geophysical survey and make recommendations; as well as extend upon the previously flown airborne geophysical survey so as to encompass the rest of the property by April 2007.
As a follow up to previously announced drillhole assays, the Company is pleased to report infill gold, silver and copper assay results from drillholes MW06-01- MW06-04. The infill samples were taken to enhance the understanding or the continuity of the mineralization encountered in these drillholes. The infill sampling provided no significant changes to drillholes DDHMW06-01 and DDHMW06-03 as they were reported by the Company in its August 29th, 2006 press release.
However, the infill sampling has significantly extended the mineralized zones encountered in drill holes DDHMW06-02 and DDHMW06-04. DDHMW06-02 returned a weighted average of 3.46 gpt gold, 4.81gpt silver and 0.21% copper over 46.89 metres while DDHMW06-04 returned a weighted average of 2.95 gpt gold, 1.93 gpt silver and 0.09% copper over 58.80 metres.
A complete summary of the first 23 drillholes around the Merry Widow open pit is displayed below:
DDh-01
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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4.78 7 2.22 6.37 6.96 0.134
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50.97 56.74 5.77 5.1 12.81 0.862
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DDh-02
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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13.46 60.35 46.89 3.46 4.81 0.22
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includes
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4.67 6.42 1.75 4.28 5.02 0.36
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DDh-03
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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12.21 17.5 5.29 15.49 12.47 0.63
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31.85 38.41 6.56 2.38 7.07 0.4
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DDh-04
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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5.24 64.04 58.80 2.85 1.87 0.09
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includes
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1.01 95.2 21.0 1.01
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1.03 31.5 17.1 0.66
2.06 11.53 13.92 0.71
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DDh-05
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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1.45 72.66 71.21 1.8 5.93 0.35
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DDh-06
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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1.15 34.45 33.3 1.87 4.89 0.32
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Includes
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4.95 9.95 5 8.76 24.4 1.45
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DDh-07
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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0.5 100.05 99.55 2.81 4.96 0.28
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Includes
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0.5 41.45 40.95 6.53 11.3 0.62
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DDh-08
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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1.53 87.48 85.95 3.83 4.94 0.26
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Includes
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6.32 69.34 63.02 5.22 6.66 0.33
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DDh-09
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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28.85 63.09 34.24 5.06 9.61 0.51
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DDh-10
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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26.88 64.63 37.75 3.03 4.28 0.2
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includes
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26.88 40.44 13.56 7.92 6 0.27
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DDh-11
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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28.45 37.76 9.31 7.02 9.83 0.39
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54.86 71.74 16.88 1.21 3.46 0.22
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DDh-12
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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35.5 63.8 28.3 2.25 4.71 0.26
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DDh-13
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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34.54 40.75 6.25 1.12 5.9 0.38
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58.12 63.43 5.31 7.93 12.54 0.67
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DDh-14
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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35.84 40.19 4.35 7.4 5.82 0.17
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88.06 90.2 2.14 52.86 35.27 2.33
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DDh-15
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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26.88 64.63 47.32 5.16 23.48 1.47
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DDh-16
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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26.88 64.63 49.31 4.56 18.73 1.14
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DDh-17
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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20.02 70.44 50.32 6.51 21.93 1.38
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DDh-18
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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19.33 69 49.67 3.26 15.02 1.02
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DDh-19
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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63.5 66.78 3.28 7.1 5.67 0.25
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DDh-20
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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57.12 58.81 1.69 16.05 8.8 0.27
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DDh-21
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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21.51 63.09 41.58 1.99 30.15 1.82
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DDh-22
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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23.47 63.98 40.51 2.46 8.75 0.51
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DDh-23
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INTERVAL Gold Silver copper
FROM TO meters grams/tonne grams/tonne %
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25.65 66.66 41.01 2.13 41.01 0.67
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The Company has also received assay data from drillholes DDHMW06-24 to DDHMW06-27. These holes were drilled to test chargeability anomalies identified in the Company's 2005 induced polarization ground geophysical survey. These holes successfully intersected the contact of the Bonanza volcanics and Quatsino limestone, however, they were not able to reach the Old Sport Horizon which is located at the base of the Quatsino limestone in contact with the Karmutsen volcanics due to drillhole depths which exceeded the ability of the size of drill rig. It is expected that these drillsites may be revisited during the upcoming Old Sport Horizon drilling campaign which will employ a larger drill rig capable of reaching the targeted depths. The current drill rig on site will be used for additional drilling along the Merry Widow trend.
The Old Sport Horizon is a key geological unit (previous mining extraction used a 2% copper cutoff for ore, discounting recovered values of gold, silver, cobalt and iron) targeted by the Company for having significant tonnage potential. The location for two former producing underground mines, Benson Lake and Coast Copper, Grande Portage has successfully extended the known strike length to exceed 8 kilometres. The Company will aggressively test a portion of this strike length in the upcoming phase of drilling.
Warren Robb, P. Geo., and George Nicholson, P. Geo., are the qualified persons for this project, and have reviewed and verified the contents of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Alistair MacLennan, President/CEO
About Grande Portage Resources Ltd.
Grande Portage Resources Ltd. is a mineral exploration and development company focused on massive sulphide exploration in British Columbia. Grande Portage is operated by experienced managers and professionals who have been effective in discovery, mine development, and mining operations throughout North and South America, Africa, Europe, and Central Asia.
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contact:
Mr. Robin Forshaw
Grande Portage Resources Ltd.
(604) 803-1775
Website: www.grandeportage.com
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Source: Grande Portage Resources Ltd.
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