Mr. Adrian Hobkirk reports
METALLURGICAL PROGRAM APPOINTMENT
Gold Port Corp. has appointed Alex Mezei, qualified person, as metallurgical consultant to the company. Mr. Mezei will initiate a two-phased metallurgical evaluation of the Groete gold-copper project. Phase 1 comprises an initial review and metallurgical gap analysis of all metallurgical data. The phase 2 program will complement the planned drill program by evaluating pretreatment protocols.
Samples will be used for comprehensive metallurgical investigation at recognized laboratories. Testing will include baseline, optimization and variability studies. The results will support process flow sheet development, derisking and economic evaluation in accordance with the Best Practice Guidelines for Mineral Processing (BPGMP), contributing to the process component of the planned update to the National Instrument 43-101 technical report.
The recovery of both gold and copper will initially focus on well-proven, low-cost, low-risk metallurgical options such as flotation and direct cyanidation. Depending on metallurgical response, the company may also investigate other industry accepted routes, including bio-oxidation, pressure oxidation or roasting, diagnostic leach testing, and other metallurgical optimization options if deemed necessary.
Mr. Mezei is an independent metallurgical consultant and NI 43-101 qualified person with hands-on technical experience spanning hydrometallurgy, mineral processing, rheology, and liquid-solid separation across base, precious and rare metals, industrial minerals, and oil sands. His career encompasses commercial test work, plant design, construction, commissioning, ramp-up, and operations at pilot and industrial scale on projects around the world.
Mr. Mezei specializes in metallurgical process development, test work program design and supervision, gap and fatal flaw analysis, and technical risk mitigation. He supports owners, investors, financiers and engineering firms through stage-gated project development, identifying vulnerable areas of commercial plant operability, flagging unacceptable technical risk factors, and recommending practical derisking strategies. His work covers the full project development spectrum -- from conceptual assessment through bankable feasibility -- including process economics evaluation (capital expenditure, operating expenditure and return on investment) at all stages.
He has written and contributed to NI 43-101 technical reports across multiple commodities including gold, cobalt, bismuth, lithium and graphite and has been involved in the design, construction and operation of pilot and industrial production facilities across several continents. Prior roles include maintenance, operations, project management and business development. Mr. Mezei has contributed to several industry publications and patents. His professional and operational safety record is grounded in actual plant-floor experience, including high-risk industrial environments.
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. 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. 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 equivalent. A cut-off grade of 0.25 gram per tonne gold equivalent, 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 an NI 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, available on SEDAR+ and the company's website.
Mr. Mezei, a qualified person under NI 43-101, approves the scientific and technical content of this press release.
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