Mr. Adrian Hobkirk reports
GOLD PORT ANNOUNCES OPTION GRANTS
Gold Port Corp. has granted incentive stock options to
purchase a total of six million common shares at an exercise price of 10 cents per common share
for a period of five years to certain directors, officers and consultants in accordance with the
provisions of its stock option plan.
About Gold Port Corp.
Gold Port is focused on the further exploration and
development of the 100-per-cent-owned Groete gold-copper project, located in
Guyana, South America. The current focus of the company is to enhance the National Instrument 43-101
inferred gold copper resource defined at the project to a higher resource classification and
to potentially expand the total mineral inventory. 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 gram per tonne gold copper equivalent. A cut-off grade of 0.25 gold equivalent
gram per tonne, a gold price of $1,275 (U.S.) per ounce and a copper price of $3 (U.S.) 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's website.
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