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23 Drillholes Completed From 7 Sites; Massive Sulphides Intersected in All Holes
VANCOUVER, BC, July 12, 2006 -- Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it has thus far completed 23 diamond drillholes from 7 drillsites all located proximal to the former open pit magnetite mines on the Merry Widow project, northern Vancouver Island.
All drillholes to date have intersected multiple zones of massive sulphide mineralization. The thickness, number of zones (intersections ranging a few metres to multiple tens of metres), and mineral components vary considerably with each drillhole. Mineralization consists of differing amounts (per drillhole and intersection) of chalcopyrite, pyrrhotite, magnetite, pyrite, and cobaltite. There may be other, as yet unidentified, sulphide minerals which will require polished thin section analysis to determine the type.
These holes have been designed to explore the copper-gold-cobalt-silver skarn related massive sulphide mineralization associated in the wall rocks and in the periphery of the zones of magnetite. The holes from the same set-ups were drilled either at a steeper angle to assess the down dip potential or were fanned out at different bearing angles to determine the mineral variability along strike. By undertaking a drill program in this manner, the company lowers its costs with fewer setups and attains a greater geological understanding within a contained area. Given the rating of mineralization encountered to date, this form of tight space drilling will likely continue in the area of the pits.
While assay results are pending and data is being tabulated, the drill is moving down to test the Road Zone where 11 sites are permitted for. The Road Zone was a new discovery of copper-cobalt-gold mineralization discovered this fall. This zone was subsequently expanded with 3D I.P. ground geophysics. More recently, the airborne Mag and EM geophysics completed by Aeroquest Ltd. confirmed a sizeable EM target associated with the earlier completed work. This will be the focus of the next series of drillholes.
The drill holes completed, along with the azimuth, dip angle, depth and intersections will follow. At present massive sulphide intersections from the first 4 drillholes are at Chemex Labs for assay analysis. Initially, only the massive sulphide zones will be assayed followed by a more thorough review of drillcore to determine if other, more subtle zones of mineralization are present such as low sulphide zones. The company has imposed a set of standards to validate the assay accuracy.
As results become available for the first 23 holes they will be released along with further information pertaining to each drillhole.
In addition, the Company announces that is has granted incentive stock options to various employees and consultants to purchase up to 550,000 common shares at an exercise price of $0.69 per share for a period of 5 years from date of grant.
The exploration program is being conducted under the direction of Warren Robb, P.Geo. and George Nicholson, P.Geo, both are qualified geologists as defined under National Instrument 43- 101. Both individuals authored this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
All Diamond Drillholes To Date Intersecting Massive Sulphides; Airborne Geophysics Survey Now Completed
VANCOUVER, BC, June 29, 2006 -- Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that its Merry Widow diamond drilling program is under way and proceeding extremely well. Camp construction is complete and drilling of Hole 9 is nearing completion.
All drillholes have intersected massive sulphide mineralization consisting of magnetite, chalcopyrite and pyrite. No drilling problems have been encountered. Each drillhole has both variable numbers of mineralized zones ranging from two to eight zones, with each mineralized zone varying from a few metres to a few tens of metres in drill length intersection.
All core is presently being reviewed, logged, photologged, and split for analyses. The first batch of samples will be delivered to Chemex Labs in North Vancouver next week for analysis. Full details of the core will be provided upon completion of review and analysis. Due to the variable nature of the drillhole intersections and the sulphide content, the Company will be conducting tightly spaced drilling to properly evaluate grades and thicknesses. All drilling to date has been around the past producing magnetite open pit area.
The Company also wishes to announce that it has been informed by Aeroquest Ltd. of the successful completion of the helicopter airborne Mag and EM geophysical survey over part of the Merry Widow Project on Vancouver Island. A total of 1,487 line-km were flown at 50-metre line spacing. Initial results have been received and final interpretation is expected within 2 weeks.
The initial results clearly define the magnetite bearing rocks which provide the Company with guidance in exploring for skarn related massive sulphide deposition proximal to the magnetite. As well, new and significant EM targets were detected in previously unexplored areas. Upon receipt of final data, the information will be included in the GIS database currently being assembled by the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Announces Diamond Drilling Underway, Camp Construction and Airborne Geophysics Near Completion as Multiple Large New Zones Identified
VANCOUVER, BC, June 20, 2006 -- Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announces that a diamond drilling rig from Westcore Drilling arrived this past weekend on the Merry Widow project near Port McNeill on Vancouver Island, BC. Coring has started at the first of several holes to be drilled around the former producing Merry Widow, Kingfisher and Raven open pit magnetite mines. Previous operations had identified substantial copper-gold-cobalt mineralization in the hanging wall extending the geological contacts of these past mines.
The Company will initially verify the thickness and grade of these zones and then commence to step out along strike and down dip in order to better assess tonnage potential. The Company also has 12 drillholes permitted to determine the nature and extent of sulphide mineralization associated with the 3-D I.P. ground geophysical target and Road Zone discovered in November, 2005.
The airborne Magnetic and EM Geophysical Survey presently underway by Aeroquest Limited has confirmed that, based on a preliminary evaluation of the data, the I.P. target corresponds with an EM response almost 4.5 km long and up to 500 m wide. A newly discovered parallel zone to the west trends almost 2k in length and also up to 500m wide. These EM targets are along strike from and within the similar geological units that hosted the former producing Cominco Coast Copper and Benson Lake underground mines.
From 1960-1973 these mines produced 2,621,131 tonnes that yielded 90,814,161 lb of copper, 377,165 oz of silver, 124,386 oz of gold and 507,207 tonnes of iron. Cobalt values were reported however no production volume has been verified. Two kilometres west of these targets another large 1km x 1km EM target has been discovered and along the western border of the survey multiple targets have been located. The airborne mag data has greatly helped to define the trend of the magnetite ore bodies and showings and any further associated copper-gold-cobalt targets.
The airborne survey should be completed within days, weather dependent, with final results expected shortly thereafter. At that point the Company, in consultation with its advisors, will determine the appropriate ground geological and geophysical follow-up of defined areas prior to selecting the next round of drilling targets.
Currently, aside from the drill turning and airborne completion, camp construction is well underway and an intensive silt sampling programme of all accessible drainages, seeps and draws is underway. Results will be released as they avail.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Announces Drill Program Now Underway at Merry Widow Property
VANCOUVER, BC, June 12, 2006 -- Grande Portage Resources Ltd., (TSX-V "GPG") ("Grande Portage" or "the Company") is pleased to announce that it has received the necessary permits for a Phase I diamond drilling program on its Merry Widow Massive Sulphide project on Vancouver Island. The permits allow for camp construction on Crown grants purchased by the Company and drilling on 23 drillsite locations. The Company has contracted Westcore Drilling of Hope, B.C. to drill the initial 4,000 metre program. The core diameter will be NQ or BTW.
The first 11 drillsite locations will be centered in and around the past producing Merry Widow Mine - an open pit magnetite skarn mine that produced mainly iron ore, as well as, appreciable quantities of primarily gold, copper and cobalt.
A previous operator, Taywin Resources Ltd., commencing in the late 1980's attempted to define a mineable gold/copper resource located in the hanging wall of the former producing pit. This work pre-dates current NI 43-101 reporting standards. However, well documented Taywin news releases and files demonstrate significant intersections of gold and copper such as:
Hole 89-20
43.4 metres @ 0.20 opt Au, 1.34% Cu
Hole 89-19
2.0 metres @ 1.72 opt Au, 5.41% Cu.
Hole 89-7
14 metres @ 0.39 opt Au, 0.21% Cu, 0.09% Co
The initial 11 drill sites planned will provide a platform for a series of fence drill holes designed to obtain a better indication of overall grade and thickness of mineralization, down dip extensions and along strike.
In his September, 2005 NI 43-101 report for the Company entitled "Geological, Mining History and Mineral Deposits Merry Widow Group Property", Dr. W. Geiger states that, "based on current knowledge, the main showings are situated along a north-south trending zone of favourable host rocks between the Coast Copper intrusive diorite stock to the west and Quatsino Formation limestone rocks to the east. The favourable host rock zone is about 5 kilometres long."
The Company will work to establish, with diamond drilling, the known mineral occurrences along this trend as well as continuing with step-out drilling based on geological mapping, sampling and geophysics. Similar to the adjoining former producing Cominco Coast Copper Mine, Grande Portage will be closely reviewing and assessing all the assays for recovery of not only gold and copper but also silver, cobalt and magnetite. A property wide silt sampling program will also be undertaken along all accessible roads and drainages to help locate other possible mineral occurrences.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Announces Helicopter Airborne Geophysical Survey Now Underway.
Data Indicates Intrusive body almost 10 kilometres in Diameter.
VANCOUVER, BC, June 9, 2006 -- Grande Portage Resources Ltd., (TSX-V "GPG") ("Grande Portage" or "the Company") is pleased to announce that it has received confirmation from Aeroquest Limited that the Helicopter Airborne Magnetic and Time Domain EM Geophysical survey will commence the weekend of June 10th and should be completed within a week. A total of 1125 line kilometers plus tie lines are currently scheduled to be flown. Initial results will be available following the completion of the survey.
Past work on the Merry Widow Massive Sulphide project has focused along a limited strike length in and around the former producing Merry Widow magnetite iron-ore mine and Cominco's Coast Copper Mine (copper-gold-silver-cobalt-magnetite). All mineralization is associated along the eastern flank of a gabbrodiorite intrusive stock.
Previous government airborne magnetic data indicates that this intrusive body has a diameter of almost 10 kilometers. Grande Portage is hopeful that the detailed airborne geophysics being undertaken will assist in locating other potential zones of mineralization proximal to or within the intrusive core. Initial results from the survey will be followed up by geological evaluation followed by more detailed surveys as warranted. Further analysis and 3-D modeling of airborne data will also ensue over the upcoming weeks.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Announces Additional 50 Drill Holes Planned---Borehole EM Survey to be Undertaken on its Merry Widow Massive Sulphide Property
VANCOUVER, BC, May 10, 2006 -- Grande Portage Resources Ltd. (TSX-V "GPG") ("Grande Portage" or "the Company") announces that following an initial review of recently obtained data, it will be initiating another round of drill permitting for an additional 50 drill holes focusing on the Merry Widow area of historic workings, along strike and down dip. These will be designed to help the Company's objective of defining an economic copper-gold-cobalt-silver resource that is NI 43-101 compliant.
To assist in gaining a greater understanding of the skarn related massive sulphide deposition at the Merry Widow project, Grande Portage has contracted SJ Geophysics Ltd. of Delta, BC to design and implement a Borehole EM Survey on the drill holes. This will help determine future drill hole locations and locate additional massive sulphide deposition.
As well, the Company wishes to announce that its has received signed subscription agreements and funds on deposit further to the non-brokered private placement announced on May 1, 2006. This transaction is subject to the acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Unveils Critical Exploration Data Many Previously Unknown Mineralization Zones Now Identified
VANCOUVER, BC, April 19, 2006 -- Grande Portage Resources Ltd., (TSX-V "GPG") ("Grande Portage" or "the Company") is pleased to announce that as part of its mineral claims agreement with Arbutus Resources Ltd., a substantial inventory of historical mineral exploration data spanning several decades of work including that done by Cominco Limited and Noranda on the Merry Widow project and surrounding area has been made available.
Most of these private files were either unknown or thought to have been lost. The comprehensive and extensive material contained covers critical information on geology, drillhole data, assays, metallurgical test work, resource calculations, ground geophysical surveys and the like. The value of this information is incalculable.
Of key importance was the fact that during an initial perusal of the data it was noted that there were numerous documented high grade mineralized showings of gold, gold-copper, and gold-copper-cobalt mineralization that were previously unknown to the company.
The information is presently being incorporated into the overall database being generated on the project by the company's geological consultants. As data verification proceeds, the information contained will be made available. At this stage of the review, it is uncertain how much of the data will be NI 43-101 compliant. On related property news, final details are being sorted with the forestry companies active in the area as they pertain to the upcoming diamond drilling project. Mobilization is scheduled for early May.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Increases Land Holdings at Merry Widow Massive Sulphide Property
VANCOUVER, BC, March 27, 2006 -- Grande Portage Resources Ltd., (TSX-V "GPG") ("Grande Portage" or "the Company") is pleased to announce that it has entered into an option agreement with Arbutus Resources Ltd. ("Arbutus") to acquire an undivided 100% interest in nine Crown granted claims and one mineral claim located in the Nanaimo Mining Division, B.C., known as the New Merry Widow Property, as well as a separate agreement to acquire three Crown granted claims located in the Rupert District, known as the Kathleen Lake Claims.
Grande Portage now controls approximately 300 square kilometers of land upon which it is preparing to undertake a 1200 line kilometer helicopter airborne VTEM and magnetometer geophysical survey. The Company will also be initiating a Phase I diamond drilling program totaling 4000 meters upon receiving all necessary permits.
The Company can acquire a new 100% interest in the New Merry Widow Property, from Arbutus, by making option payments totaling $75,000 and issuing 275,000 common shares payable in installments over the next four years. Arbutus has also reserved a 2% net smelter return royalty over the New Merry Widow Property which the Company has an option to purchase for $750,000. The Company will also pay Arbutus $25,000 for the Kathleen Lake group of Crown grants.
The above described property acquisitions are subject to the acceptance of the TSX Venture Exchange. As well, the Company wishes to announce that Ian Klassen has been named Vice-President, Corporate Development. Over the past year, Mr. Klassen has been actively assisting the Company in a variety of tasks as a Consultant.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Announces Merry Widow Massive Sulphide Project Update
Vancouver, B.C., March 17, 2006: Grande Portage Resources Ltd., (TSX-V "GPG") ("Grande Portage" or "the Company") is pleased to update the progress on its Merry Widow massive sulphide project on northern Vancouver Island. The Company has received correspondence confirming that the airborne geophysical contract with Geotec Ltd. will be provided within a week for final review and execution.
In addition, the company's geological consultants will be taking a site visit before the end of March confirming camp and drill hole site locations for its upcoming drill program.
Lastly, subject to shareholder and regulatory approval the Company has granted incentive stock options to certain key officers, directors and consultants to purchase up to a total 2,000,000 common shares at an exercise price of $0.38 per share for a period of 5 years from the date of grant.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
Grande Portage Resources Ltd. Announces Signing of Diamond Drilling Contractadditional Claims Staked
Vancouver, B.C., March 10, 2006: Grande Portage Resources Ltd., (TSX-V "GPG") ("Grande Portage" or "the Company") is pleased to announce that it has further expanded its claim holdings at the Merry Widow massive sulphide project on Vancouver Island.
It recently staked an additional 2,887.18 hectares adjoining on the south and west of the existing land package. Ongoing geological investigations have revealed that much of the known mineralization occurring on the property occurs within or near the periphery of a substantial magnetic high. While the majority of this target was already covered by claims being worked by Grande Portage, certain sections along the margins remained open and it was deemed prudent to protect the buffer zones.
Following further evaluation of the results from the November 2005 ground I.P. geophysics and prospecting and in additional review of previous workings, the company has submitted drilling permits for up to 22 diamond drill holes consisting of approximately 4,000 metres. The drill targets will all be based off existing logging roads and will target the newly discovered I.P. target, the Road Zone, and a copper-gold massive sulphide zone in the hanging wall of the Merry Widow pit. Significant copper-gold assay values and widths were reported in the wall rock of the former magnetite iron-ore pits and the company intends to pursue these targets and assess their potential. As the drill is on standby, drilling can commence as soon as the permits are received.
Lastly, the company also announces that effective March 15, 2006 Mr. Chris England will resign as Director but will remain as Consultant to the Company. The Company thanks Chris for his time and assistance over the years.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Alistair MacLennan, President/CEO
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