The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
One hole cut 2.7 meters of 52.3 g/t gold at east end of Goat North of 60 Mining News – October 2, 2020
Visible gold in core from drilling into the Goat vein on Grande Portage's Herbert Gold project north of Juneau, Alaska.
Grande Portage Resources Ltd. Oct. 1 reported that it cut 52.34 grams per metric ton gold across 2.71 meters about 170 meters east of any other drilling into the Goat vein on the company's Herbert Gold project in Southeast Alaska.
Located about 16 miles north of Juneau, Herbert Gold hosts 1.88 million metric tons of indicated resource averaging 10.03 grams per metric ton (605,000 ounces) of gold; plus 553,429 metric tons of inferred resource averaging 14.15 g/t (251,700 oz) gold.
This resource is contained within three primary structures at Herbert Gold – Goat, Main and Deep Trench.
So far this year, Grande Portage has completed nearly 7,500 meters of drilling in the these and five other vein structures on the property – North, Sleeping Giant, Ridge, Floyd, and Elusive.
Though assay results are slower than normal this year due to COVID-19 protocols and an uptick in exploration, Grande Portage said it is encouraged by the results received so far and the visible gold observed in 15 vein intercepts so far this year.
In addition to the very high-grade gold results from step out drilling on the Goat vein, the latest batch of results include intercepts in four other roughly parallel veins – Ridge, Sleeping Giant, Main and Deep Trench veins.
Highlights include:
• 8.05 meters averaging 5.72 g/t gold in the hanging wall of Goat.
• 1.46 meters averaging 23.8 g/t gold in the Ridge structure.
• 1.07 meters averaging 7.54 g/t gold at Sleeping Giant.
• 2.38 meters averaging 11.47 g/t gold at Main.
Grande Portage says drilling has extended Deep Trench by about 100 meters to the east and filled in the deep western portion of the vein. Drilling also tested deeper a area in the central portion of the Main vein.
One exploratory hole drilled into the Elusive vein, which is south of Deep Trench, confirmed the existence of this new structure at depth with a 2.5-meter vein intercept with visible gold. Assay results of this Elusive vein intercept are pending.
"This drill program reaffirms the emerging and ever-enlarging mesothermal vein system discovered at the Herbert gold project," said Grande Portage Resources President Ian Klassen. "These results continue to expand the resource database and knowledge of this system. All veins drilled have encountered mineralized material. Mesothermal veins are commonly less than two meters wide and at the Herbert deposit often occur in parallel sets".
Drilling with two rigs continues at Herbert Gold. When completed, the program is expected to consist of 8,500 meters of drilling in 21 holes.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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