VANCOUVER, BC, Sept. 17, 2024 — Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) is pleased to announce the renewal of the 100% owned claim group comprising the Groete Gold Copper Project for the ensuing year by the Guyana Geology and Mines Commission. The three Mining Permits total 1,384 hectares and are now in effect until July 2027. During this five-year period, the Company has the option to develop the Project and convert the Mining Permits into a Mining License. The Project is strategically located 64 kilometers west-southwest of Georgetown, the capital of Guyana, and 11 kilometers west of the Essiquibo River, a major transportation route in the country.
The Company has recently completed a project review given the continued strong upward trend in the gold price. The Groete project has a large gold copper inferred resource of 1.57 million tonnes AUCUEQ (Gold Copper Ounce Equivalent), as reported in a National Instrument 43-101 report. The resource was calculated based on a lower gold price than the present market value. The project is well situated in a mining-friendly country with a rapidly growing economy.
The Company is in the process of interviewing new additions to management to facilitate a drill program to enhance and potentially expand the current known resource. The Company has its own drill equipment in Guyana to complete the program.
Gold Port Resources Corporation is focused on the exploration and development of the Groete Gold Project in Guyana. The Company aims to enhance the existing gold deposit to a higher grade lower tonnage resource. Further details regarding the Project’s Mineral Resource can be found in the National Instrument 43-101 report available on the SEDAR and Company websites.
For more information, please contact Adrian F. C. Hobkirk, President, CEO, and Director at 954-684-8040 or via email at [email protected]
Mr. William Feyerabend, a Consulting Geologist and Qualified Person, participated in the writing of this press release and approves the scientific and technical content.
This news release contains forward-looking statements that are subject to various risks and uncertainties. The reader is advised not to place undue reliance on these statements. The Company seeks safe harbor.
SOURCE Gold Port Corporation
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