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Last:$0.150   Date:Jul 21, 2019
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TSX-V: GPG

Herbert Gold Project

The Herbert Gold project is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. Consisting of 91 unpatented lode claims located 25 km north of Juneau and to the south of Couer Alaska's profitable Kensington gold mine. The property covers six parallel vein structures exposed at surface.

Key facts and information about our Herbert Gold Property include:

  • May 7th, 2019 the Company announced new independent Mineral Resource estimate using a base case mineral resources cut-off grade of 2.50 grams per tonne gold (g/t Au) and consists of:
    • An indicated resource of 606,500 ounces of gold at an average grade of 10.03 g/t Au (1,880,500 tonnes); and
    • An inferred resource of 251,700 ounces of gold at an average grade of 14.15 g/t Au (553,429 tonnes)
  • The system is open to length and depth.
  • Expansion drilling is planned for 2019.
  • Grande Portage (GPG) has earned a 100% interest in the Herbert Gold Property.
  • The property is located 30 km north of Juneau, Alaska, and lies within the 160-km long Juneau gold belt, which has produced nearly seven million ounces of gold.
  • GPG has already identified 6 or more promising gold-producing main composite vein-fault structures containing ribbon structure quartz-sulfides on the property.
  • Herbert Gold is one of Alaska's most promising districts and has remained remarkably underexplored until now.
  • Previous Company drilling has yielded numerous multi-ounce gold intercepts.
  • 3rd year of baseline environmental water studies completed.

In 2010, GPG completed detailed geologic mappings and analysis of aerial photographs over the southern two-thirds of this mineral rich property. Preliminary geologic studies and diamond core drilling identified major elements of an impressive complex Mesothermal gold-quartz system with numerous targets. In 2011, the Company drilled 30 holes from eight platforms. The results were most encouraging with numerous multi-ounce gold assays returned from multiple veins. (please see the Company's news releases for more information).