Two recent research reports by Rocks To Riches focus on Grande Portage Resources Ltd. (OTC: GPTRF) (TSX-V: GPG). The first report, published on October 3rd, indicates that GPG holds a 100% interest in the Herbert Gold Property, located just 25 km north of the town of Juneau, Alaska. The project is part of the very prolific Juneau Gold belt. The area is 160 km long belt is hosts over 200 gold quartz-vein deposits, with a rich history of production nearing 7 million ounces of gold since 1880.
The analysts of the report express confidence in Grande Portage Resources, saying that in their opinion the company holds a very gold promising project that is currently under explored. The mesothermal vein system that hosts the resource has yet to be fully tested along strike and down dip.
The second report by Rocks To Riches, published on October 23rd emphasizes on the geological potential of GPG’s Herbert Gold Property. According to the report Grande Portage Resources recently contracted Dr. D.R. Webb Ph.D., P.Eng. P.Geol. to assess the potential of the known mineralization and reasonable extensions or expansions of that mineralization on their project in Alaska.
“The Herbert Gold Property mineralization consists of at least four principal and parallel sets of east-northeasttrending quartz veins hosted in quartz diorite.” Dr. Webb explained. “Mesothermal gold deposits within the JGB (Juneau Gold Belt) have been shown to extend to depths greater than 1,000 m, are hosted within intrusions and in proximal metasedimentary rocks. Three defined major vein systems occur within quartz diorite at the Hebert Gold Project (Goat, Main, Deep Trench), with subsidiary splays or subparallel veins, spaced 150 to 200m apart.”
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