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Gold Port Corporation (GPOTF) is a company focused on exploring and developing the Groete Gold Project in Guyana, South America. The company aims to enhance the NI 43-101 gold deposit at the Project to a higher-grade, lower tonnage resource. With the current Inferred Mineral Resource of 1.57 million gold equivalent ounces, Gold Port Corporation is committed to sustainable and environmentally friendly recovery processes. The company is utilizing innovative leaching technology from Draslovka's Mining Innovation Centre to maximize gold recovery and minimize environmental impact. Through strategic partnerships and a focus on cost-effective solutions, Gold Port Corporation is at the forefront of sustainable mining practices.
Gold Port (CSE: GPO) (OTCQB: GPOTF) has announced the renewal of its Groete Gold Copper Project mining permits in Guyana until July 2027. The project, located 64 km west-southwest of Georgetown, comprises three Mining Permits totaling 1,384 hectares. The company has the option to develop the project and convert the permits into a Mining License during this five-year period.
The Groete project boasts a large inferred resource of 1.57 million tonnes AUCUEQ (Gold Copper Ounce Equivalent), based on a 2019 NI 43-101 report. With the current gold price exceeding $2,470 per ounce, significantly higher than the $1,275 used in the resource calculation, the project's potential value has increased. Gold Port is now planning a drill program to enhance and potentially expand the current resource, utilizing its own drill equipment in Guyana.
Gold Port Corporation (CSE: GPO, OTCQB: GPOTF) has launched a metallurgical test program for the Groete Gold Project in Guyana. The program is supervised by P&E Mining Consultants and conducted by SGS Laboratories. A site visit has been completed, and 100 kilograms of drill core has been collected for testing. Advances in leaching reagents may provide alternatives to traditional cyanide leaching methods. The Company remains well-funded to evaluate the Groete Gold Copper Project, which has an inferred mineral resource of 1.57 million gold copper equivalent ounces. A detailed 43-101 report is available on the Company’s website.
Gold Port Corporation (CSE: GPO, OTCQB: GPOTF) announced a technical update on the Groete Gold Copper Project in Guyana. The project will now focus on a high-grade gold zone following the review of historical data, targeting an Indicated Mineral Resource Estimate. The updated drilling plan consists of 35 holes over 8,102 meters, with a potential in-situ target of 15 to 20 million tonnes at a gold grade of 0.90 to 1.40 grams per tonne. Additionally, recommendations for bulk density measurements and metallurgical testing have been made.
Gold Port Corporation has successfully renewed its Mining Permits for the Groete Gold Copper Project in Guyana for five years, now valid until July 2027. The company controls three permits totaling 1,384 hectares, with plans to potentially convert them into a Mining License. A 10,000 meter drill program is set to begin, aimed at confirming and expanding the existing National Instrument 43-101 compliant resource of 1.57 million gold equivalent ounces. This project is strategically located 64 kilometers from Georgetown, enhancing its logistical advantages.
Gold Port Corporation (CSE: GPO; OTCQB: GPOTF) announced the arrival of its Discovery I Core Rig in Georgetown, Guyana. The rig, engineered by Multi-Power Products Ltd, is being prepared for transportation to the project site. Site preparation is underway, with a new access road being established and equipment refurbished for a 10,000-meter drill program aimed at expanding the inferred resource of the Groete Gold Copper Project. Current estimates indicate a resource of 1.57 million gold copper equivalent ounces. The company is well-funded for the upcoming exploration.
Gold Port Corporation announced the completion of a Discovery I Core Rig by Multi-Power Products Ltd, set to be delivered to Guyana for a 10,000-meter core drill program aimed at expanding and upgrading the inferred resource. The company appointed two key managers: Samantha Latchman as Country Manager and Gerardo Martinez as Drilling Operations Manager, both bringing extensive experience in the mining industry. Gold Port has defined an inferred mineral resource of 1.57 million gold copper equivalent ounces.
Gold Port Corporation has announced a corporate update regarding its Groete Gold Copper Project in Guyana. A new core drilling rig, ordered from Multi-Power Products, is nearing completion, expected for shipment by month-end. This rig will support a planned 10,000-meter drilling program aimed at upgrading existing resources. Additionally, the company has successfully renewed three mining permits for the project, which has an Inferred Mineral Resource of 1.57 million gold copper equivalent ounces. The last exploration of the site occurred in 2012.
Gold Port Corporation (CSE: GPO) (OTC PINK: GPOTF) has announced the acquisition of a Discovery 1 Core Rig to enhance drilling capabilities at the Groete Gold Copper Project in Guyana. This investment follows a previously conducted drill program in 2012, which identified an Inferred Mineral Resource of 1.57 million gold copper equivalent ounces. Preparations for drilling will include a field check and surface sampling to pinpoint additional targets. The project encompasses 3,421 acres of land, and technical details have been validated by a Qualified Person under National Instrument 43-101.
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