GROETE GOLD COPPER PROJECT PERMIT RENEWED

About this update from Gold Port Corp.

[{"type":"text","content":"\n \n \n \n GROETE GOLD COPPER PROJECT PERMIT RENEWED\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 23, 2022\n \n \n /CNW/ --\n \n Gold Port Corporation\n \n , (CSE: GPO) (OTCQB: GPOTF) (the \"Company\") is pleased to announce that the claim group comprising the Groete Gold Copper Project has been renewed for five ensuing years by the Guyana Geology and Mines Commission. The three Mining Permits total 1,384 hectares and are now in effect until July, 2027. During this five year period, the Company has the option to develop the Project and convert the Mining Permits into a Mining License. The Project is strategically located 64 kilometers west-southwest of\n \n Georgetown\n \n , the capital of\n \n Guyana\n \n , and 11 kilometers west of the Essiquibo River, a major transportation route in the country. A 10,000 meter development drill program is being initiated to further confirm and potentially expand the known N.I. 43-101 compliant gold copper resource.\n \n \n \n \n \n \n \n \n \n \n About Gold Port Corporation\n \n \n \n Gold Port Corporation is the 100% owner of three Mining Permits comprising the Groete Gold Copper Project, located in Essequibo,\n \n Guyana\n \n . The Project Deposit contains a National Instrument 43-101 pit constrained Inferred Mineral Resource Estimate of 1.57 million gold equivalent ( \" AuEq\" ) oz (\"ounces\" ) at 0.66 grams per tonne ( \"g/t\") AuEq including 0.49 g/t gold (\"Au\") and 0.12% copper (\"Cu\") contained in 74.0 million tonnes (\"mt\"). An open pit cutoff grade of 0.25 g/t AuEq, a gold price of $ U.S. 1,275 per oz, and a copper price of $ U.S. 3.00 /lb were used for this Mineral Resource Estimate.\n \n \n Details of the 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,\n \n Guyana\n \n ,\n \n South America\n \n \" by P & E Mining Consultants Ltd., dated\n \n April 16, 2019\n \n , available on SEDAR and the Company we...

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