Groete Gold Project Access Survey Completed Reviewing Road Construction Bids

Rhea-AI Summary

Gold Port Corporation (OTCQB: GPOTF) has successfully renewed its mining permits for the Groete Gold Copper Project in Guyana. The project, which is 100% owned by the company, encompasses 1,384 hectares and features a NI 43-101 gold copper resource.

Located 10 kilometers from the Essequibo River, the project previously relied on water access for drilling operations. The company is currently evaluating proposals for constructing an access road to facilitate future drill programs.

Positive

• 100% ownership of the Groete Gold Copper Project
• Successful renewal of all three mining permits
• Project contains NI 43-101 compliant gold copper resource
• Strategic location near major transportation route (Essequibo River)

Negative

• Lack of current road access limiting operational capabilities
• Additional capital expenditure required for road construction

VANCOUVER, BC, July 15, 2025 /PRNewswire/ -- Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) (the "Company") is pleased to announce that the 100% owned claim group comprising the Groete Gold Copper Project (the Project) has been renewed for the ensuing year by the Guyana Geology and Mines Commission. The three Mining Permits total 1,384 hectares and are at an advanced stage of exploration with a NI 43-101 gold copper resource. 

The Project is located 10 kilometers from the Essequibo River which is a major transportation feature of this area of Guyana. Water access was utilized for past drill programs, but the completion of road access is now required. Management is reviewing several proposals for the construction of an access road to the Project site and hope to complete a contract in the near future to facilitate the initiation of a drill program.

About Gold Port Corporation

Gold Port Resources Corporation (GPO) is focused on the further exploration and development of the 100% 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 grams per tonne gold equivalent. 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 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 website at www.goldportcorporation.com.

On behalf of the Board of Directors

Adrian F. C. Hobkirk
President, CEO and Director
T: 954-684-8040
E: info@goldportcorporation.com
W: www.goldportcorporation.com

Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under National Instrument 43-101, and a Director of the Company, participated in the writing of this press release and approves the scientific and technical content.

No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management on the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. We seek safe harbor.

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SOURCE Gold Port Corporation

FAQ

What mining permits did Gold Port Corporation (GPOTF) renew in July 2025?

Gold Port Corporation renewed three mining permits totaling 1,384 hectares for its 100% owned Groete Gold Copper Project in Guyana.

Where is the Groete Gold Copper Project located in Guyana?

The project is located 10 kilometers from the Essequibo River, which serves as a major transportation route in Guyana.

What infrastructure developments is GPOTF planning for the Groete Gold Project?

The company is currently reviewing proposals for the construction of an access road to the project site to facilitate future drill programs.

What is the current resource status of the Groete Gold Copper Project?

The project is at an advanced stage of exploration and has a NI 43-101 compliant gold copper resource.