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
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Alistair MacLennan, President/CEO
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