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Stock Quote:
Last: 0.20     Date: 02-22-2012
Volume: 74000   Time: 15:32
Change: even   15-20 min delay
TSX-V: GPG

Herbert Glacier

The Herbert Glacier project is an early 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 30 km north of Juneau and to the south of Couer Alaska's new Kensington gold mine. The property covers six parallel vein structures exposed at the toe of a retreating glacier.

Key facts and information about our Herbert Glacier Property include:
  • Grande Portage ("GPG") has earned a 65% interest in the Herbert Glacier Property. Its joint venture partner, Quaterra Resources Inc. (TSX-V: "QTA", NYSE Amex: "QMM"), holds the remaining 35% interest.
  • 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 Glacier is one of Alaska's most promising districts and has remained remarkably underexplored until now.
  • 2011 drilling yielded a 15.27 metre intercept of 1.084 ounces gold per tonne - Other multi-ounce gold intercepts have also been received
  • Baseline environmental water studies now underway.
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).