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VANCOUVER, May 29 /CNW/ - Gold Port Resources Ltd. (The "Company")(TSX-V:GPO) is pleased to announce that a Geoprobe Soil Sampling Program will start shortly at the Akaiwong Project, located in Cuyuni Mining District 4, Guyana, South America. The Akaiwong Project is 100% owned by the Company and located 20 kilometers southeast of the significant gold discovery at Aurora by Guyana Goldfields (TSX: GUY).
Proposed Program
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To better define the exploration target, the Company will conduct a Geoprobe Soil Sampling program and Ground Geophysical Program followed by drilling of identified targets. The Company will use a Geoprobe Systems Model 54DT to conduct the soil sampling program. An internal network of roads combined with trails has been completed. The network of roads and trails will be used by the Geoprobe to obtain soil samples down to 50 feet. Upon evaluation of this sampling effort, a ground magnetometer program will be completed. Pending interpretation of these results, a drill program using the Acker MP8 may be initiated to test identified targets. The evaluation will include the southern portion of the project.
Exploration Program To Date
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Geological work to date has identified a mineralized diorite intrusive stock which was reported to be similar to the gold bearing intrusive stock at the Omai Mine.
During 2006 the Company tested three diamond drill holes to confirm the presence of gold in the surface saprolite using HQ core for the saprolite and changing to NQ core for the harder rock. Saprolite and core were collected and split on site. The split core was sampled in preparation for chemical analysis by ACME Laboratories of Vancouver, B.C., Canada.
A review of the data indicates gold is located in both the saprolite (near surface layer) and bedrock. In addition, pulps from 2 of the drill holes were screened to test for the presence of coarse native gold. Native gold was found not only in the saprolite, but also in bedrock samples. A detailed review of the drill results suggests the gold mineralization in this area appears to be controlled by a shear zone.
During 2007, the Company completed additional drilling at Akaiwong. Results from this drilling confirmed gold mineralization in both the saprolite and bedrock.
During 2008, the Company has improved the road network and expanded the camp facility at the Akaiwong Project. Additional heavy equipment has been moved into place. An Acker MP8 series track mounted rig, a Caterpillar 320 excavator and a track mounted Geoprobe Model 54DT Direct Push soil sampler have been acquired for use at the Akaiwong Project.
On Behalf of the Board of Directors of Gold Port Resources Ltd.
A. Darryl Drummond, Ph.D., P.Eng., Director
The TSX Venture Exchange has not reviewed the contents of this press
release and assumes no responsibility for the adequacy or accuracy.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of mineral processing procedures, business trends and future operating costs and revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.
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