February 08, 2023
Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) (the "Company") is pleased to advise shareholders regarding market awareness activities for 2023. The Company has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. For the 12 month term of the agreement, INN will provide advertising to increase awareness of the issuer. INN does not provide Investor Relations or Market Making services. The monthly cost of the campaign is CDN $ 6,300.00. INN currently holds no securities in Gold Port Corporation. In addition, the Company is conducting internal advertising and shareholder contact programs.
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. Road access is under completion and drilling is expected to begin once the rig is on site. In addition, a metallurgical evaluation is being conducted on historical drill core to determine optimal recovery methods.
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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