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Gold Port: High Grade Gold At Tamberlin Project Guyana
Gold Port: High Grade Gold At Tamberlin Project Guyana
About this update from Lithium South Development Corporation
[{"type":"text","content":"\nGold Port: High Grade Gold At Tamberlin Project Guyana\n\n\n Dec. 6, 2010 (Baystreet.ca) -- SUMMARY• Due Diligence / Sampling Program completed by Vice President of Exploration and Qualified Person William Feyerabend• Metallic screen fire assay analysis by Loring Labs in Georgetown, Guyana of 27 samples• Camp Area panel samples return 50.78 and 38.33 grams gold per tonne over approximately 0.7 meter.• Dump samples return 442.42 and 1,024.33 grams gold per tonne indicting the presence of bonanza grade gold.• Little Tamberlin Area sampling returns a measured width of 0.3 m. grading 3.62 grams gold per tonne in one trench and a measured width of 0.6 m. grading 4.50 grams gold per tonne in a second trench.• Multiples veins trending NW and N-S were sampled.• The company has advised the owner it intends to complete the acquisition, and is preparing a National Instrument 43-101 Technical Report on the property.Vancouver, British Columbia - Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”) is pleased to announce exploration results from a due diligence / sampling program at the Tamberlin Gold Project, Guyana. The property covers approximately 6,200 acres ( 2,510 hectares ) and is located in Western Guyana, near the border with Venezuela. It is situated within greenstone belts of the Barama - Mazaruni Supergroup of the Guiana Shield. This geologic province hosts the Las Cristinas and Brisas Gold Deposits in the Kilometer 88 district of Venezuela with reported district measured and indicated resources of over 35 million ounces of gold. A total of 27 samples were collected from two areas of mining activity, the Little Tamberlin Creek and the Camp Area. Both areas have multiple veins. Significant gold values have been encountered in many of the samples taken during this due diligence program. All samples were collected by or under the supervision of William Feyerabend, a Qualified Person under NI 43-101 and the Vice President of Exploration for the Company. Mr. Kenneth A. Sadowski, Corporate Secretary and Director of the Company was also on site during the five day exploration program. All samples were bagged and tagged and flown by air to the Company headquarters in Georgetown, where they were taken to Loring Laboratories for analysis. Analysis was by metallic screen fire...