Gold Port Corporation announced that drill core bulk samples from the Groete Gold Project have been received by SGS Laboratories of Lakefield, Ontario, for leach testing. The purpose of the program is to evaluate Groete Gold Project samples for amenability to new generation leaching agents. Several reagents will be tested, with further details to follow.

The program is under the supervision of Mr. Eugene Puritch, P.Eng., FEC, CET and D. Grant Feasby, P.Eng., of P&E Mining Consultants Inc., both independent Qualified Persons under National Instrument 43-101. The company is well funded to continue its evaluation of the Groete Gold Copper Project located in Guyana. A 2023, 35 core hole drill program has been designed to delineate a higher grade gold zone within the known deposit.

The company owns and operates its own new Multi-Power track mounted core drill rig and additional heavy equipment. Project access is under design, and will require a new access route from a nearby road network. 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 USD 1,275 per ounce and copper price of USD 3.00 per pound was used in the calculation of the Inferred Mineral Resource.