Groete Gold Project Access Survey Completed Road Construction Out for Bid
Groete Gold Project Access Survey Completed
Road Construction Out for Bid
April 25, 2025 / British Columbia / Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF)
(the “Company”) is pleased to announce that management has completed a site survey and
access survey for the Groete Gold Copper Project (the Project) and is now preparing to
tender the work to local providers. Upon completion of site access, a new MP Power drill rig
will be moved to site to begin a planned exploration and confirmation diamond core drill
program. The intent of the program will be to confirm and expand the current known NI 43-
101 resource. Several new areas of gold occurrence have been recently identified for drill
testing, and the project is open in all directions.
The Essequibo River is a major transportation feature of this area of Guyana. The Project is
located approximately 10 kilometers from the Essequibo River, on the west bank. After site
review, it has been determined that the optimal access to the Project c an be achieved from
Manaka Landing to the project site. Manaka Landing is located on the west bank of the
Essequibo River and offers deep water dock facilities and may be accessed directly from
Parika. Parika is located on the east bank of the Essequibo River and is a major transportation
and supply hub for the area. A road e xtends from Manaka Landing and passes to within
thirteen kilometers of the Project. The construction project will involve these t hirteen
kilometers and will include the construction of bridges over White Creek and Black Creek ,
which are small streams that run through the area. Upon completion of the access route, the
Project will have quick and reliable access for supply and the transportation of drill core to
Georgetown, the capital of Guyana. The Company is interviewing 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.
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 AuCuEq (Gold Copper Ounce Equivalent). The inferred resource is calculated within
74 million tonnes, at a grade of 0.66 grams per tonne (gpt) AuCuEq (0.49 gpt Au and 0.12%
Cu) with a cutoff of 0.25 gold equivalent (National Instrument 43-101 report titled, Technical
Report and Updated Mineral Resource Estimate on the Groete Gold Copper Deposit, Groete
Property, Guyana, South America by P&E Mining Consultants Inc., dated April 16, 2019,
available on SEDAR and the Company website at www.goldportcorporation.com). The
project is open in all directions with the potential for tonnage expansion drilling.
The inferred resource noted above was calculated based upon US $1,275 per ounce gold, a
far lower value than the present gold price of over US $3,200 per ounce. The project is well
located to infrastructure and in a mining friendly country with Guyana boasting the fastest
growing economy in the world according to the World Bank.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President, CEO and Director
T: 954-684-8040
W: www.goldportcorporation.com
Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under National
Instrument 43-101, and a Director of the Company, participated in the writing of this press
release and approves the scientific and technical content.
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the
adequacy or accuracy of this release.
This news release contains certain “forward-looking statements” within the meaning of Section 21E
of the United States Securities and Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the Company, certain information co ntained herein constitutes forward -
looking statements. Forward -looking statements are based upon opinions and estimates of
management on the date the statements are made and are subject to a variety of risks and
uncertainties and other factors which could cause actual results to differ materially from those
projected in the forward-looking statements. The reader is cautioned not to place undue reliance on
forward- looking statements. We seek safe harbor.