Gold Port: 2023 Gold Exploration

Gold Port (CSE:GPO, OTCQB:GPOTF), OTCQB:GPOTF) is now preparing for its upcoming drill campaign at its 100 percent owned gold asset in Guyana. The company’s Groete gold-copper project has an NI 43-101 AuCuEq resource estimate with an inferred 1.57 million ounces of gold equivalent. The asset is in close proximity to deep water and road access to support potential future production development.

Guyana consistently has a gold mining history and is one of the best places to work in South America. This mining-friendly jurisdiction allows new operations to receive permits and license projects relatively quickly to support exploration and development. Gold Port holds, through a common law agreement, three mining permits that comprise the Groete project’s 1,384-hectare area.

Groete Gold Deposit Inferred Resource Calculation based on 2012 Drilling

The upcoming drill program includes 35 targets totaling 8,102 meters, with depths ranging from 60 to 370 meters. These priority targets were chosen to confirm the continuity of the known higher-grade zone. In addition, the drill program aims to establish an indicated mineral resource estimate for the zone. Exploration upside to the east identified by surface work in 2012 will also likely be drill-tested. Gold Port designed a brand new tracked rig specifically for this program. Upon road access completion, the unit and support equipment will be moved to site to initiate the program.

Company Highlights

Gold Port is a gold exploration company with a 100 percent owned gold asset in Guyana.
The company’s Groete asset has an inferred resource estimate of 1.57 million ounces of gold equivalent. Details of the Mineral Resource Estimate 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 Ltd., dated April 16, 2019.
Guyana is a highly ranked South American mining jurisdiction with a mining-friendly government.
Gold Port’s Groete project has three mining permits covering 1,384 hectares of relatively unexplored land.
The company is embarking on its 2023 35-hole drill program. The campaign aims to follow up on priority targets and to increase the quality of the historic resource.
Gold Port’s upcoming drill campaign targets 35 priority locations totaling 8,102 meters.
A highly competent management team, with experience operating within Guyana, leads the company toward fully realizing the potential of its asset.

This Gold Port profile is part of a paid investor education campaign.*

Click here to connect with Gold Port (CSE:GPO, OTCQB:GPOTF, OTCQB:GPOTF) to receive an Investor Presentation

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Leach Testing Begins on Groete Creek Gold Project Samples

Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) (the "Company") is pleased to advise that drill core bulk samples from the Groete Gold Project have been received by SGS Laboratories of Lakefield, Ontario for leach testing. The purpose of the program is to evaluate Groete Gold Project samples for amenability to new generation leaching agents. Several reagents will be tested, with further details to follow. The program is under the supervision of Mr. Eugene Puritch P.Eng., FEC, CET and D. Grant Feasby, P.Eng., of P&E Mining Consultants Inc., both independent Qualified Persons under National Instrument 43-101.

The Company is well funded to continue its evaluation of the Groete Gold Copper Project located in Guyana . A 2023, 35 core hole drill program has been designed to delineate a higher grade gold zone within the known deposit. The Company owns and operates its own new Multi-Power track mounted core drill rig and additional heavy equipment. Project access is under design, and will require a new access route from a nearby road network.

News Provided by PR Newswire via QuoteMedia

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Gold Port Initiates Metallurgical Test Program

Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) (the "Company") has initiated a metallurgical test program regarding the Groete Gold Project, located in Guyana SA. The Company has arranged with P&E Mining Consultants Inc. of Brampton, Ontario, Canada to provide Qualified Person supervision for updated leach test work on Groete Gold Project drill core. Test work will be performed by SGS Laboratories of Lakefield, Ontario, Canada . A site visit has been completed and 100 kilograms of drill core has been acquired for testing at SGS.

Recent developments in leaching reagents may offer an alternative to cyanide leaching or grind and float recovery methods. The Company will provide further information upon completion of the vendor selection process for alternative reagents.

The Company is well funded to continue its evaluation of the Groete Gold Copper Project located in Guyana . 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 copper equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent. A cutoff 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

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.

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View original content to download multimedia: https://www.prnewswire.com/news-releases/gold-port-initiates-metallurgical-test-program-301725642.html

SOURCE Gold Port Corporation

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/19/c3600.html

News Provided by Canada Newswire via QuoteMedia

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Outstanding High-Grade Copper and Gold Assays from Mountain Home Project, NT

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Gold Port: 2023 Gold Exploration

Company Highlights

The founding team behind gold miner Genesis Minerals returns, bringing an advanced WA gold and lithium exploration portfolio to market.

Assays of up to 45% Cu and 11.75g/t Au from rock chips along with stronglyanomalous soil sampling highlight the Project’s significant exploration potential

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