Aug 31, 2006
Merry Widow Continues To Yield High Grade Gold Values Over Long Intersections
VANCOUVER, BC, August 31, 2006 -- Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to report initial gold assay results from drill holes MW06-05 to MW06-08. These holes were drilled from the same drill setup site located along the access ramp to the Merry Widow open pit. Drill holes MW06-05 and MW06-06 were located to verify results obtained from diamond drilling in 1989 and 1990 by previous operators, drill holes MW06-07 and MW06-08 were new holes drilled parallel to drill holes MW06-02, 03, 04 (which were reported in the company's news release of August 29, 2006) to add to the geological database knowledge, and to provide drill core for metallurgical test work.
The drill holes successfully intersected massive sulphide skarn mineralization containing visible pyrrhotite, pyrite and chalcopyrite hosted in either massive magnetite or epidote-garnet-actinolite skarn assemblages. Significant gold results were obtained from DDHMW06-08 which intersected 62.21 meters with a weighted average of 5.29 grams per tonne gold (including 79.40 grams per tonne gold over 1.15 meters, 54.30 grams per tonne gold over 1.16 meters and 18.85 grams per tonne gold over 1.00 meters) and from DDHMW06-07 which intersected 40.95 meters with a weighted average of 6.57 grams per tonne gold (including 53.90 grams per tonne gold over 1.00 meter, 23.40 grams per tonne gold over 0.48 meters and 19.95 grams per tonne gold over 1.17 meters)
A summary of the drill hole locations and orientations with significant results of gold are displayed below. The Company has not received assay results for copper, cobalt and silver. These assays are awaited and will be released once they have been received tabulated and reviewed by management. The drill core was analyzed by ALS Chemex, the values displayed are weighted averages of the intersected zones and are not true widths, gold is reported in grams per tonne. Note that where reported gold values were less than 0.05 gram per tonne, and a value of 0.01 gram per tonne was used to calculate the weighted average of the interval reported, and individual intercepts are assay values over the sample interval.
DDHMW06-05 site 2 Dip Angle -50º Azimuth 260º Total Depth 72.54 meters FROM TO INTERVAL Gold meters g/tonne 10.24 15.30 5.06 7.84 Includes 10.84 10.87 0.03 19.25 33.43 38.94 5.51 10.48 Includes 34.43 35.53 1.00 16.90 48.50 52.43 3.93 7.04 Includes 49.93 51.18 1.25 17.90 DDHMW06-06 site 2 Dip Angle -60º Azimuth 285º Total Depth 107.90 meters FROM TO INTERVAL Gold meters g/tonne 4.95 9.95 5.00 8.76 Includes 5.95 6.95 1.00 20.10 33.45 34.45 1.00 9.00 DDHMW06-07 site 2 Dip Angle -60º Azimuth 314º Total Depth 102.70 meters FROM TO INTERVAL Gold meters g/tonne 0.50 41.45 40.95 6.57 Includes 12.36 13.50 1.14 18.65 13.50 14.50 1.00 15.70 14.50 15.50 1.00 53.90 18.50 19.80 1.30 18.10 19.80 20.28 0.48 23.40 24.04 25.21 1.17 19.95 DDHMW06-08 site 2 Dip Angle -40º Azimuth 314º Total depth 90.50 meters FROM TO INTERVAL Gold meters g/tonne 6.32 68.53 62.21 5.29 Includes 10.42 11.67 1.25 12.20 11.67 12.92 1.25 12.50 24.17 25.52 1.35 79.40 37.47 38.59 1.12 16.30 44.53 45.69 1.16 54.30 46.85 47.85 1.00 18.85The Company has established threshold values geochemically for silver >10 ppm, copper >1000 ppm and cobalt >500 ppm in which any value received above this will be analiysed by fire assay. This has created a slowdown in receipt of assay results because there were multiple intersections reporting above threshold in silver, copper and cobalt.
The gold assay values for the next drill holes are anticipated early next week and will be reported when available. It is hopeful that further assays of silver, copper and cobalt will also be available.
The exploration program is being conducted under the direction of Warren Robb, P.Geo. and George Nicholson, P.Geo, both qualified geologists as defined under National Instrument 43-101.
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.
For further information please contact:
Mr. Robin Forshaw
Phone: (604) 685-5851
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