Drill Rig Arrives in Guyana
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.
- Arrival of the Discovery I Core Rig enhances exploration capabilities.
- Planned 10,000-meter drill program may expand inferred resource.
- Current inferred mineral resource of 1.57 million gold copper equivalent ounces.
- Company is well-funded to complete the exploration program.
- None.
VANCOUVER, BC, June 20, 2022 /PRNewswire/ -- Gold Port Corporation, (CSE: GPO) (OTCQB: GPOTF) (the "Company") is pleased to announce that its Company owned Discovery I Core Rig, by Multi-Power Products Ltd of Kelowna, B.C., has now arrived in Georgetown, Guyana. The state-of-the-art track mounted rig system along with support equipment and supplies are now being cleared through customs and scheduled for transportation to the project site.
Site preparation is ongoing, with a new access road being sited and placed. Heavy equipment on site has been refurbished for the ensuing drill program. Other support structures have been purchased and will be sited prior to the program commencement.
A 10,000-meter, 54-hole core drill program is planned to begin. All holes have been located, and access on site is good. The intent of the program is to potentially expand the known inferred resource and to upgrade the resource definition to measured and indicated. This large tonnage gold copper project is very well located close to infrastructure and deep-water access. The Company is very well funded to complete the planned exploration program.
About Gold Port Corporation
Gold Port Corporation is the
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President, CEO and Director
T: 954-684-8040
E: info@goldportcorporation.com
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 constitutes 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 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.
Source: Gold Port Corporation
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SOURCE Gold Port Corporation
