Grande Portage Resources Announces Significant Assay Results for Holes MW06-17, MW06-18 at the Merry Widow Project
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 4, 2006) - Grande Portage Resources Ltd. (TSX VENTURE:GPG) ("Grande Portage" or "the Company") is pleased to announce additional assay results from the diamond drilling program at the Merry Widow Massive Sulphide Project on Vancouver Island, British Columbia.
Specific highlights of the drill results include:
MW06-17: 50.32 metres of 6.51 g/t gold, 21.93 g/t silver, 1.38% copper
- Including 1.00 metres of 21.90 g/t gold, 77 g/t silver, 4.83% copper
1.10 metres of 33.70 g/t gold, 45 g/t silver, 2.57% copper
0.86 metre of 47.90 g/t gold, 93 g/t silver, 4.50 % copper
MW06-18: 49.67 metres of 3.26 g/t gold, 15.02 g/t silver, 1.02% copper
- Including 14.85 metres of 6.46 g/t gold, 38.57 g/t silver, 2.53% copper
1.00 metre of 7.07 g/t gold, 191.0 g/t silver, 12.20% copper
1.26 metres of 35.90 g/t gold, 37 g/t silver, 1.61% copper
A summary of the drill hole site and orientations with significant results of gold, silver and copper are displayed below in chart format. All information regarding drill site locations is available on the Company's website (www.grandeportage.com).
Both holes successfully intersected massive sulphide skarn mineralization containing visible pyrrhotite, pyrite and chalcopyrite hosted in either massive magnetite or epidote-garnet-actinolite skarn assemblages.
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 and silver values are reported in grams per tonne and copper is measured by percentage.
Note: where reported gold and silver values were less than 0.05 grams per tonne a value of 0.001 grams per tonne was used to calculate the weighted average of the interval reported, conversely if values of copper were below threshold as established by the company then the values were divided by 10,000 and expressed in per cent (%), individual intercepts are assay values over the sample interval as reported.
Note site 6 is the SAME SITE AS DDHMW06-15, 16
DDHMW06-17 site 6
Dip Angle -50 degrees
Azimuth 323 degrees
Total Depth 78.33 meters
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FROM TO INTERVAL Gold Silver Copper %
meters g/tonne g/tonne
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20.02 70.44 50.32 6.51 21.93 1.38
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Includes
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23.00 24.00 1.00 21.90 77.00 4.83
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52.52 53.62 1.10 33.70 45.00 2.57
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53.62 54.48 0.86 47.90 93 4.50
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67.33 68.33 1.00 26.60 12.00 0.38
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DDHMW06-18 site 6
Dip Angle -40 degrees
Azimuth 323 degrees
Total Depth 87.47 meters
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FROM TO INTERVAL Gold Silver Copper %
meters g/tonne g/tonne
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19.33 69.00 49.67 3.26 15.02 1.02
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Includes
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22.00 23.47 1.47 7.83 47 3.76
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29.08 30.36 1.28 14.75 11.00 0.50
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51.46 66.31 14.85 6.46 38.57 2.53
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In Hole 18 the Company received assay values heretofore unseen on the Merry Widow Project. For example, from intersect interval 53.00 to 54.00 the assays returned 1.00 metre of 7.07 g/t gold, 191.0 g/t silver and 12.20% copper.
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
