VANCOUVER, British Columbia,
Jan. 20, 2022 /CNW/ -- Gold Port
Corporation, (CSE: GPO) (OTCQB: GPOTF) (the "Company") is
pleased to announce that fabrication of a Discovery I Core Rig, by
Multi-Power Products Ltd of Kelowna,
B.C., has now been completed. The state-of-the-art track
mounted rig system along with support equipment and supplies is now
being scheduled for delivery to Port of Georgetown, Guyana, and subsequently to the
project. To compliment the program, two key management
appointment have been made:
I. Country Manager: Ms. Samantha Latchman has been appointed Country
Manager, Georgetown, Guyana. Ms. Latchman has extensive experience
in the mining industry in Guyana
and has served Troy Resources for the past four years as Manager of
Human Resources, managing over 300 employees. Ms. Latchman holds a
master's degree in Human Resources Management from Bedfordshire
University and a Diploma in Business from Cambridge University.
II. Drill Operations Manager: Mr. Gerardo Martinez has been appointed Manager of
Drilling Operations. Mr. Martinez has extensive drilling experience
having served Exploservice Guyana as Drilling Manager at the
Karouni Mine site, owned by Troy Resources since 2015. He
holds a Mining Engineering Degree from the National University of San Juan, Argentina.
Upon equipment arrival on site, a 10,000-meter core drill
program is planned to begin. The intent of the program is to
potentially expand the known inferred resource and to upgrade the
resource definition to measured and indicated. Camp improvement and
logistical arrangements are currently being completed to allow
drilling to begin as soon as possible after locating the rig on
site. The project is very well located close to infrastructure
and deep-water access. The Company is very well funded to complete
the planned exploration program.
About Gold Port Corporation
Gold Port Corporation is the 100% owner of three Mining Permits
comprising the Groete Gold Copper Project, located in Essequibo,
Guyana. Exploration to date has
defined an Inferred Mineral Resource of 1.57 million gold copper
equivalent ounces within 74 million tonnes a grade of 0.66 grams
per tonne gold copper equivalent using a cutoff grade of .025 gold
copper ounce per tonne equivalent and a gold price of $US 1,275 per ounce and a copper price of
$US 3.00 per pound. 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, Guyana, South
America by P & E Mining Consultants Ltd., 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, a
Consulting Geologist and Qualified Person under National Instrument
43-101, participated in the writing of, and has reviewed and
approves of the technical disclosure contained in this press
release.
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 at 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