06:59:23 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Gold Port Corp
Symbol GPO
Shares Issued 48,630,360
Close 2023-06-14 C$ 0.04
Market Cap C$ 1,945,214
Recent Sedar Documents

Gold Port begins leach testing on Groete samples

2023-06-15 13:50 ET - News Release

Mr. Adrian Hobkirk reports

LEACH TESTING BEGINS ON GROETE CREEK GOLD PROJECT SAMPLES

Drill core bulk samples from Gold Port Corp.'s Groete gold project have been received by SGS Laboratories of Lakefield, Ont., for leach testing. The purpose of the program is to evaluate Groete Gold Project samples for amenability to new generation leaching agents. Several reagents will be tested, with further details to follow. The program is under the supervision of Mr. Eugene Puritch, P.Eng., FEC, CET and D. Grant Feasby, P.Eng., of P&E Mining Consultants Inc., both independent Qualified Persons under National Instrument 43-101.

The Company is well funded to continue its evaluation of the Groete Gold Copper Project located in Guyana. A 2023, 35 core hole drill program has been designed to delineate a higher grade gold zone within the known deposit. The Company owns and operates its own new Multi-Power track mounted core drill rig and additional heavy equipment. Project access is under design, and will require a new access route from a nearby road network.

The Project was last explored in 2012, which included a drill program that allowed the calculation of an Inferred Mineral Resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent. A cut-off grade of 0.25 gold equivalent grams per tonne, a gold price of US$1,275 per ounce and copper price of US$3.00 per pound was used in the calculation of the Inferred Mineral Resource. Details of the Mineral 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 Inc., dated April 16, 2019, available on SEDAR and the Company website at www.goldportcorporation.com

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