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Mining industry

Gold Port Corporation Renews Claim Group for Groete Gold Copper Project in Guyana

Strategic Insights

— 1 min read

Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) has announced the renewal of its 100% owned claim group, the Groete Gold Copper Project, for a further year by the Guyana Geology and Mines Commission. The project is located 10 kilometers from the Essequibo River and is at an advanced stage of exploration with a NI 43-101 gold copper resource. The current focus of the Company is to enhance the NI 43-101 gold deposit defined at the Groete Project to a higher-grade lower tonnage resource.

Key Takeaways:

  • The Groete Gold Copper Project has been renewed for the ensuing year by the Guyana Geology and Mines Commission, with three Mining Permits totaling 1,384 hectares.
  • The Project is located 10 kilometers from the Essequibo River and is at an advanced stage of exploration with a NI 43-101 gold copper resource.
  • A NI 43-101 report by P&E Mining Consultants Inc. dated April 16, 2019, estimated 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 equivalent.
  • The current focus of the Company is to enhance the NI 43-101 gold deposit defined at the Groete Project to a higher-grade lower tonnage resource.
  • Management is reviewing several proposals for the construction of an access road to the Project site, with the intention of completing a contract in the near future to facilitate the initiation of a drill program.
  • The Project was last explored in 2012, with a drill program that allowed the calculation of the Inferred Mineral Resource.
  • Gold Port Resources Corporation is focused on the further exploration and development of the 100% owned Groete Gold Project.

Statistics:

  • The Project covers 1,384 hectares of land.
  • The NI 43-101 gold deposit defined at the Groete Project is estimated to contain 1.57 million gold equivalent ounces.
  • The Inferred Mineral Resource is within 74 million tonnes of rock at a grade of 0.66 grams per tonne gold equivalent.
  • The Company used 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 in the calculation of the Inferred Mineral Resource.

Sources:

  • Gold Port Corporation press release dated July 15, 2025.
  • National Instrument 43-101 report by P&E Mining Consultants Inc. dated April 16, 2019.

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