The Conversation (0)
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 DrillingThe 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.*
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