1.57 Million Gold Copper Equivalent Ounces with Potential to Grow
An Inferred Resource contained within 74 Million tonnes of 0.66 grams/tonne gold (Au) copper (Cu) equilivant with a cut-off grade of 0.25 gold equivalent grams per tonne, based on US$1275/ounce Au and US$3.00 per pound Cu base on 2012 Resource Calculation. See Note 1 below.
Potentially Improving Grade. Expanding Resource.
A 10,000 meter drill campaign has been designed to potentially enhance and expand the current Inferred resource to Measured and Indicated.
Note 1: 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 copper 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.
Groete Gold Copper Project – Guyana, South America
Gold Port Corporation is the 100% owner of the Groete Gold Copper Project located in Guyana, South America. With a strong gold mining history, Guyana has experienced an economic surge with the recent discovery of hydrocarbons, and now the appreciating gold price. The Groete Gold Copper project hosts an N.I. 43-101 gold copper resource of 1.57 million tonnes AuCuEQ with the potential to significantly expand the mineral resource. An infill and expansion drill program is planned for 2026 with the intent of increasing the quality and size of the current resource.
Regional Gold Mineralization
- The Groete Project lies on a regional-scale mineralized trend with widespread gold occurrences.
- Guyana remains vastly underexplored, with major deposits historically identified through artisanal mining.
- Gold Port is applying modern, state-of-the-art exploration technologies to drive new discoveries.
Having worked in Guyana for over thirty years, I am excited to move this project forward to a more advanced stage. With current record high gold prices, Gold Port could significantly enhance shareholder value with the new Groete Gold Project exploration program.