Completion of Access Survey Paves the Way for Groete Gold Project Development
Completion of Access Survey Paves the Way for Groete Gold Project Development
Gold Port Corporation, listed on both the CSE and OTCQB as GPO and GPOTF respectively, is thrilled to share significant progress regarding its fully-owned Groete Gold Copper Project located in Guyana, South America. Recently, the company announced the completion of an access survey which is pivotal for the ongoing road construction bids, a crucial step towards operationalizing the project.
In a recent press release dated July 15, 2025, Gold Port reported that the Guyana Geology and Mines Commission has renewed the claims group encompassing the Groete project for another year. The three mining permits, spanning a total area of 1,384 hectares, are currently at an advanced exploration stage and include a gold-copper resource verified by NI 43-101 standards, reaffirming the project's promising potential.
Located approximately 10 kilometers from the Essequibo River, a significant transportation avenue in the region, the Groete project has strategically used water access in earlier drill programs. However, the completion of a reliable road access is now imperative for the commencement of upcoming drilling programs. Gold Port’s management is actively reviewing multiple proposals for the road construction to facilitate this process. The company aims to finalize a contract soon, thereby expediting the initiation of its planned drilling activities.
Gold Port Corporation is determined to advance the Groete Gold Project with a focus on enhancing the existing NI 43-101 gold deposit. The goal is to transform this indicated resource into a higher-grade, lower-tonnage asset. The project last underwent exploration efforts in 2012, featuring drilling which resulted in estimating an inferred mineral resource of 1.57 million gold equivalent ounces contained within 74 million tonnes, graded at 0.66 grams per tonne of gold equivalent.
Utilizing a cut-off grade of 0.25 grams per tonne of gold equivalent and factoring in a gold price of $1,275 per ounce alongside a copper price of $3.00 per pound, this estimation speaks volumes about the significant resources the Groete project holds. Full details of the mineral resource calculations can be found in the National Instrument 43-101 report titled “Technical Report and Updated Mineral Resource Estimate on the Groete Gold Copper Deposit, Groete Property, Guyana, South America”. This technical document, prepared by PE Mining Consultants Inc. and dated April 16, 2019, is accessible via the company’s website as well as on SEDAR.
As Gold Port Corporation continues its journey towards realizing the full potential of the Groete Gold Copper Project, it maintains transparency regarding its operations and forecasts. The management urges stakeholders to carefully consider the forward-looking statements made within the company's communication, as they are based on opinions and estimates at the time of release and are subject to a variety of risks and uncertainties. Readers are cautioned against placing undue reliance on these projections.
For further inquiries, potential investors and interested parties are encouraged to reach out to the company's CEO, Adrian F. C. Hobkirk, or the consulting geologist and Qualified Person, Mr. William Feyerabend, underlining the commitment to uphold scientific integrity and transparency in communications.
In summary, the progress at the Groete Gold Copper Project showcases not only the ambition of Gold Port Corporation to explore and develop its resources but also the company’s dedication to establishing a reliable operational framework to bring this promising project to fruition. As the path towards building the required road access is underway, Gold Port is clearly poised for exciting developments ahead in Guyana's mining sector.