Grande Portage Resources Ltd. To Explore Former Underground Mines
VANCOUVER, Nov. 6, 2007 (Canada NewsWire via COMTEX News Network) --
Wardrop Engineering Inc. to Develop Strategic Plan
Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it has engaged Wardrop Engineering Ltd. to assist with the evaluation of environmental conditions at the Merry Widow open pit as well as the former underground workings of the Old Sport Horizon. Company representatives will be onsite with senior underground and environmental specialists from Wardrop this week.
The Old Sport Horizon was the host rock for two former producing underground mines - Coast Copper and Benson Lake. The mines produced appreciable amounts of copper, gold, silver, cobalt and iron over almost a decade before closing in late 1972 due largely to the low commodity prices at the time. From 1960-1973 these mines processed 2,621,131 tonnes of ore that yielded 90,814,161 lb of copper, 377,165 oz of silver, 124,386 oz of gold and 507,207 tonnes of iron. Airborne magnetic data has greatly helped to define the geological trend and related mineral showings and further associated copper-gold-cobalt targets.
The Company's geological team has had the benefit of reviewing the underground data provided by former operators. As such, there is great enthusiasm surrounding this next phase of exploration aimed at accessing the Old Sport from an underground perspective. Grande Portage's helicopter airborne magnetic and time domain electro-magnetic geophysical survey outlined an 8.0 km long by up to 500 metres wide linear magnetic feature that coincides with the location of the Old Sport Horizon and the historic underground development.
Preliminary drill testing of this target was completed as part of the Company's 2007 exploration work on the Old Sport Horizon. Drill hole step-outs some 800 metres south of the underground workings intersected a magnetite-rich portion of the Old Sport Horizon at the basal contact of the Quatsino Limestone in the centre of the magnetic linear feature. The hole confirms that the magnetic feature represents the Old Sport Horizon. Additional airborne coverage completed in 2007 has extended the magnetic anomaly a further 1.5 km to the northwest, for a total length of 9.5 km, where it appears the magnetic trend terminates against an east-northeast trending magnetic low.
Grande Portage has been exploring the Merry Widow project under the premise that there exists significant remaining tonnage at the old open pits peripheral to the magnetite zones and in the Old Sport Horizon either along strike extensions or within the old workings. Substantial amounts of mineralized skarn material remain untested.
Wesley Raven, P. Geo., is the qualified person for this project and has reviewed and verified the contents of this news release.
About Grande Portage Resources Ltd.
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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. The Company is well financed with no long term debt. More information is available online at www.grandeportage.com
ON BEHALF OF THE BOARD OF DIRECTORS
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Alistair MacLennan, Chairman
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE
SOURCE: Grande Portage Resources Ltd.
Mr. Ian Klassen, Phone: (604) 290-5762, Email: ian@grandeportage.com, Website: www.grandeportage.com
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