#Canada #Vancouver #Groete Project #Gold Port Corp #Access Survey

Gold Port Corporation's Groete Gold Project Update

On April 25, 2025, Gold Port Corporation, trading under CSE: GPO and OTCQB: GPOTF, shared significant news regarding the Groete Gold Copper Project. The company has finalized a comprehensive site and access survey for this major mining initiative, positioning itself for the next phase of development. With these surveys completed, the company is now preparing to solicit bids for road construction, essential for advancing the project.

The Groete Gold Copper Project is strategically located close to the Essequibo River, approximately 10 kilometers from its banks, on the west side. This river is an important transportation route, facilitating logistics crucial for operations. To optimize access, a road will be constructed from Manaka Landing, which boasts deep-water dock facilities and is directly reachable from Parika, a major transport hub situated on the east bank of the Essequibo River. The proximity to these transport facilities is expected to enhance the operational efficiency of the project significantly.

The proposed road will stretch approximately 13 kilometers and will involve constructing bridges over two notable streams, White Creek and Black Creek. The completion of this infrastructure will provide the project with swift and reliable access for supplies as well as the transportation of drill cores to Georgetown, the capital of Guyana.

Future Plans and Exploration Potential

Aside from infrastructure improvements, Gold Port Corporation has set its sights on further exploration. Upon securing access to the site, an MP Power drill rig will be deployed to commence a planned exploration and confirmation diamond core drilling program. This initiative aims to validate and possibly expand the existing NI 43-101 resource, which has shown excitement due to several newly identified gold occurrences within the project area. Encouragingly, the exploration commitment stands even as the project is open in all directions, suggesting ample opportunity to enhance the resource base.

Recent evaluations of the Groete project reveal a considerable inferred resource of approximately 1.57 million AuCuEq (Gold Copper Ounce Equivalent), based on a geological analysis of 74 million tonnes at a grade of 0.66 grams per tonne AuCuEq (which breaks down to 0.49 grams of gold and 0.12% copper). This resource evaluation was conducted with conservative gold price estimates set at US$1,275 per ounce, notably below the current market value exceeding US$3,200 per ounce.

Guyana stands out for its supportive mining regulations and rapidly growing economy, as reported by the World Bank. Such conditions provide a favorable backdrop for the development of the Groete Gold Copper Project. The management at Gold Port Corporation is proactively augmenting its team to facilitate the anticipated drill program, underscoring its commitment to enhancing and possibly expanding the known resources at Groete.

Conclusion

In conclusion, Gold Port Corporation is making robust strides forward with the Groete Gold Copper Project. The completion of the access survey and initiation of the road construction bidding process denote significant milestones in the project's development. With favorable geological prospects and strategic infrastructure plans, the corporation is poised to explore the vast potential that lies within this promising mining venture. Shareholders and stakeholders are eagerly awaiting the upcoming drill program's results, which could further support the company's growth and operational capabilities in the industry.

For more information, please visit Gold Port Corporation's website.

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Note: This article includes forward-looking statements. Actual results may differ due to various risks and uncertainties.