Workflow
Groete Gold Project Access Survey Completed Reviewing Road Construction Bids
Prnewswireยท2025-07-15 12:00

Core Viewpoint - Gold Port Corporation has successfully renewed its claim group for the Groete Gold Copper Project, which is at an advanced exploration stage and includes a NI 43-101 gold copper resource [1][3]. Group 1: Project Details - The Groete Gold Copper Project covers a total area of 1,384 hectares and is located 10 kilometers from the Essequibo River, a significant transportation route in Guyana [1][2]. - The project requires the completion of road access to facilitate future drilling programs, with management currently reviewing proposals for road construction [2]. Group 2: Resource Information - The last exploration of the Groete Project occurred in 2012, resulting in an Inferred Mineral Resource of 1.57 million gold equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent [3]. - The calculation of the Inferred Mineral Resource utilized a cut-off grade of 0.25 gold equivalent grams per tonne, with gold priced at US$1,275 per ounce and copper at US$3.00 per pound [3]. Group 3: Company Overview - Gold Port Corporation is focused on the exploration and development of the Groete Gold Project, aiming to enhance the defined NI 43-101 gold deposit to a higher-grade lower tonnage resource [3].