Groete Project Permit Renewed
Gold Port Groete Gold Copper Project Permit Renewed
June 23, 2022 / Vancouver, British Columbia / Gold Port Corporation , (CSE: GPO)
(OTCQB: GPOTF) (the “Company”) is pleased to announce that the claim group comprising
the Groete Gold Copper Project has been renewed for five ensuing years 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 transpor tation route in the country. A
10,000-meter development drill program is being initiated to further confirm and potentially
expand the known NI 43-101 compliant gold copper resource.
About Gold Port Corporation
Gold Port Corporation is the 100% owner of three Mini ng Permits comprising the Groete
Gold Copper Project, located in Essequibo, Guyana. The Project Deposit contains a National
Instrument 43-101 pit constrained Inferred Mineral Resource Estimate of 1.57 million gold
equivalent (AuEq) oz ( ounces) at 0.66 grams per tonne ( g/t) AuEq including 0.49 g/t gold
(Au) and 0.12% copper (Cu) contained in 74.0 million tonnes (mt). An open pit cutoff grade
of 0.25 g/t AuEq, a gold price of $ US 1,275 per oz, and a copper price of $ US 3.00/lb were
used for this Mineral Resource Estimate.
Details of the resource are contained in a 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 Ltd., dated April 16, 2019,
available on SEDAR and the Company website at www.goldportcorporation.com.
Gold Port intends to further evaluate the Groete Gold Copper Project with the intention of
potentially expanding and enhancing the current resource. A 10,000-meter drill program is
planned to further this objective. A Company owned drill rig is in country and expected to
be on site in the coming weeks.
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, a Consulting Geologist and Qualified Person under National
Instrument 43 -101, participated in the writing of, and has reviewed and approves of the
technical disclosure contained in this press release.
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 contained herein con stitutes forward-looking statements.
Forward-looking statements are based upon opinions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties and other factors which could
cause actual resul ts 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.