Herbert Gold Project Reports Excellent Results Form Testing
VANCOUVER - Grande Portage Resources Ltd. has received very positive acid base accounting (ABA) results from its Herbert Gold Property in S.E. Alaska. ABA tests are done as part of the permitting process to demonstrate what the acid generating potential is for the rocks around the Herbert Gold Deposit. Geochemical Solutions LLC of Colorado, tested a total of eight baseline samples from wallrocks adjacent to the mineralized veins within the Herbert Gold Project area. All ABA samples reported low acid potential and very high neutralization potential such that all rocks are net acid consumers and therefor are unlikely to produce acid. In addition, surface waters were collected to assess chemistries and suspended solids. Geochemical Solutions LLC reports that "Chemically, the water is very clean with very low total dissolved solids."
Ian Klassen, CEO, said, “These results demonstrate no potential issues for acid rock drainage at the Herbert Gold Project. The simple metallurgy and lack of identifiable environmental issues assist the company in developing the Herbert Gold Project’s NI 43-101 Gold Resource.”
The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold. The Company’s updated NI#43-101 Mineral Resource estimate reported at a base case mineral resources cut-off grade of 3.0 grams per tonne gold (g/t Au) and consists of: an indicated resource of 1,196,800 ounces of gold at an average grade of 10.23 g/t Au (3,637,000 tonnes); and an inferred resource of 325,900 ounces of gold at an average grade of 8.91 g/t Au (1,138,000 tonnes), as well as an Indicated resource of 686,700 ounces of silver at an average grade of 5.87 g/t Ag (3,637,000 tonnes); and an inferred resource of 169,300 ounces of silver at an average grade of 4.63 g/t silver (1,138,000 tonnes).