Mr. Adrian Hobkirk reports
ROAD ACCESS COMPLETED DRILL PROGRAM TO BEGIN
Gold Port Corp. has provided a further update on the construction of the Groete gold-copper project access road from the
Manaka road on the eastern bank of the Essequibo River to the project at the Groete Creek gold-copper project.
The construction of the access road to the Groete Creek site is now completed. Two new all
season bridges have been constructed and two existing culverts were replaced with bridges. The
crew is now completing a surfacing with laterite as a final pass to complete construction.
Adrian Hobkirk, Gold Port's founder, president and chief executive officer, stated: "With the access road now complete, it is time
to finalize the camp set-up and initiate our drill program. The company's owned MP Explorer drill
rig and support equipment are expected to arrive on site shortly. Senior management will
complete a site visit shortly to supervise the start-up of the camp and initiate the drill program."
The company's intended phase 1 drill program consists of a 35-hole drill program to improve
and expand the quality of the known resource. The phase 1 drill program will be completed
on approximately a two-kilometre known zone of the four-kilometre site. Once the phase 1 drill
program is complete, based on historical surface sampling, the company has identified an
additional zone to the east of the historical drill holes that warrants drilling based on that sampling.
About Gold Port Corp.
Gold Port is focused on the further exploration and development
of the 100-per-cent-owned Groete gold project, located in Guyana, South America. Exploration began
in 2012 and included a follow-up drill program that allowed the January, 2019, calculation of an
inferred mineral resource of 1.57 million gold-copper equivalent ounces.
Approximately 1.1 million gold ounces and 195 million pounds of copper are contained within 74 million
tonnes. The inferred mineral resource has a gold grade of 0.49 gram per tonne and a copper grade of 0.12 per cent for a grade of 0.66 gram per tonne gold 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
were 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,"
prepared by P&E Mining Consultants Inc., dated April 16, 2019, and available on SEDAR+ and the company's website.
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.
We seek Safe Harbor.
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