NEWS GPG: Higher Grade Gold Values Intercepted at Merry Widow-Including DDHMW06-35 Grading 32.61 Metres of 8.06 g/t Gold
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 8, 2007) - Grande Portage Resources Ltd. (TSX VENTURE:GPG) ("Grande Portage" or "the Company") is pleased to announce partial assay results from its twenty hole follow up diamond drilling program at the Merry Widow Massive Sulphide Project on Vancouver Island, British Columbia conducted between Nov 15th and Dec 15th, 2006. Eight of the eleven drill holes successfully intersected massive sulphide skarn mineralization containing visible pyrrhotite, pyrite and chalcopyrite hosted in either massive magnetite or epidote-garnet-actinolite skarn assemblages.
This second round of drilling was designed to test the northern extensions of the Merry Widow Open pit and to test for mineralization laterally towards the Raven showing which is located approximately 150 meters northeast of the pit. The Merry Widow Open Pit intersections successfully stepped out from previous drilling and will be incorporated into a planned tonnage calculation.
Specific highlights of the drill results include:
MW06-31: 16.16 metres of 6.13 g/t gold, 5.80 g/t silver, 0.27% copper
Including: 1.63 metres of 19.57 g/t gold, 12.55 g/t silver, 0.41% copper
MW06-35: 32.61 metres of 8.06 g/t gold, 9.95 g/t silver, 0.76% copper
Alistair MacLennan, CEO, remarked, "I am delighted that our drilling continues to yield impressive results. These assays, in addition to those from the remaining 9 holes at the lab, will be welcomed as we move towards feasibility studies in 2007. In late spring, the next phase of drilling in the Merry Widow Open Pit area will commence with a series of step-outs to the known showings northeast and southwest of the Merry Widow Pit along a 3.2 kilometer trend defined by the Company's 2006 airborne geophysical survey and surface showings."
MacLennan further added, "We now focus on the much anticipated Old Sport Horizon. The next phase of drilling, to start within weeks, will be very exciting as we commence a 50-60 hole (20,000 metre) drill program. Drilling will be conducted from an existing active road network and will be the first time in over 30 years that this huge mineralized zone has been explored (utilizing new technologies) since the Coast Copper and Benson Lake Mines closed in 1973. While deeper holes will be generally undertaken up to 900 meters, the Old Sport Horizon zone is more laterally extensive (up to 7 km) and occurs as a relatively flat lying structure. We are optimistic that the Old Sport will add significantly to the Company's tonnage calculations and shareholder value."
A summary of the drill hole locations and orientations with significant results of gold are displayed below. The drill core was analyzed by ALS Chemex Labs in North Vancouver, BC. The values displayed are weighted averages of the intersected zones and are not true widths. Gold is reported in grams per tonne and troy ounces per tonne. A factor of 31.10 grams equals 1 troy ounce was used to convert the gold values. Copper is measured by percentage.
DDHMW06-31 - mid point long road to coppery knob 624314 E, 5579818 N
Dip Angle -45 degrees
Azimuth 230 degrees
Total Depth 157.58 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
62.70 78.86 16.16 6.13 0.20 5.80 0.27
90.53 92.16 1.63 19.57 0.63 12.55 0.42
DDHMW06-32 - mid point along road to coppery knob 624314 E, 5579818 N
Dip Angle -55 degrees
Azimuth 230 degrees
Total Depth 197.21 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
62.65 65.57 2.92 9.67 0.31 11.86 0.55
74.44 76.49 2.05 12.83 0.41 8.54 0.28
DHMW06-33 - coppery knob site 624295 E, 5579768 N
Dip Angle -45 degrees
Azimuth 300 degrees
Total Depth 96.62 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
41.76 53.28 11.52 1.48 0.05 5.36 0.58
DHMW06-35 - coppery knob 624295 E, 5579768 N
Dip Angle -65 degrees
Azimuth 300 degrees
Total Depth 81.38 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
38.65 71.26 32.61 8.60 0.28 9.95 0.76
DHMW06-36 - coppery knob 624295 E, 5579768 N
Dip Angle -65 degrees
Azimuth 320 degrees
Total Depth 92.27 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
11.10 15.63 4.63 2.80 0.09 4.90 0.61
DHMW06-37 - coppery knob 624295 E, 5579768 N
Dip Angle -65 degrees
Azimuth 355 degrees
Total Depth 92.27 meters
INTERVAL Gold Gold Silver Copper Cobalt
FROM TO meters g/tonne Oz/tonne g/tonne % %
48.64 56.09 7.45 5.04 0.17 8.76 0.68 .020
DHMW06-38 - coppery knob 624295 E, 5579768 N
Dip Angle -65 degrees
Azimuth 015 degrees
Total Depth 81.38 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
15.94 16.92 0.98 8.15 0.26 1.7 0.19
DDHMW06-28 - Pit edge 624349 E, 5579844 N
Dip Angle -45 degrees
Azimuth 230 degrees
Total Depth 188.37 meters
Drill hole DDHMW06-28 was drilled as an offset of a massive sulfide pod
located on the upper access ramp to the coppery knob showing and
intersected disseminated pyrite which is interpreted as an alteration halo
to mineralization in the open pit. Deviation of the hole may have occurred
as the first 31 meters cored was through dump material.
DDHMW06-29 - Raven site 624349 E, 5579878 N
Dip Angle -45 degrees
Azimuth 330 degrees
Total Depth 154.53 meters
DDHMW06- 30 - Raven site 624349 E, 5579878 N
Dip Angle -60 degrees
Azimuth 330 degrees
Total Depth 154.53 meters
INTERVAL Gold Gold Silver Copper
FROM TO meters g/tonne Oz/tonne g/tonne %
104.52 107.80 3.28 0.88 0.028 6.38 0.93
Drill holes DDHMW06-29&30 were drilled between the Merry Widow Open Pit and
the Raven showing. Limited access due to severe snow conditions prevented
actual drilling of the Raven showing and further extensions to the
northeast. These two holes intersected skarn mineralization with
disseminated sulphides and massive magnetite, but returned no significant
assays values. The Company is formulating a ground electromagnetic survey
which would aid in delineating possible massive sulphide occurrences
between the known surface showings. The EM survey would be scheduled for
late spring to early summer.
DHMW06-34 - coppery knob site 624295 E, 5579768 N
Dip Angle -90 degrees
Azimuth 000 degrees
Total Depth 92.35 meters
No significant assays returned. The hole has been interpreted as intersecting a vertical faulted sequence as the RQD for the hole was generally less than 50% for most runs. The rock was very broken and fractured.
Grande Portage is nearing completion on negotiations with independent consulting groups for resource calculations, environmental baseline studies, and further helicopter airborne Mag and EM geophysical surveys. Information on these items will be updated soon.
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.
