Gold Port Resources Ltd. TSX-V: GPO
Gold Port Resources is an aggressive Canadian junior
gold exploration company developing exploration opportunities in
geographic areas with a proven history of geological discovery in Guyana, South
America. Significant gold discoveries by Guyana Goldfields Inc. and Sacre-Coeur Minerals Ltd. - along with a major
exploration presence in the country by Newmont Mining - have moved Guyana to the forefront of the gold exploration sector.
Gold Port Resources Ltd. has plans to re-verify and potentially extend historical drilling results at two advanced-stage gold
exploration projects. The company’s 3,420-acre Akaiwong Gold Project was earlier identified and explored primarily by Homestake Mining in 1990. The
3,801-acre Groete Creek project was last explored by Coeur d’Alene Mines in 1996. Both projects have historical drilling results, with numerous gold
intercepts. Exploration work by Gold Port will attempt to confirm the known gold zones, expand them, and allow them to be classed according to current
NI 43-101 technical standards.
Gold Port Resources Reports Groete Creek 43-101
Vancouver, British Columbia – Gold Port Resources Ltd. (the “Company”)(TSXV:
GPO), is pleased to advise the shareholders that Mr. Paul Pelke, a Qualified Person as
per National Policy Instrument 43-101 has completed a NI 43-101 Report on the Groete
Creek Gold Project. The report will be filed with the appropriate regulatory authorities
for review and acceptance. The Groete Creek Gold Project is located in Guyana, South
America, approximately 43 miles southwest of Georgetown, the capital, and is owned
100% by the Company. It is comprised of three Mining Permits totaling 1,500 hectares
and is the location of considerable local mining activity. Access is via water and/or road
from Bartica.
Please review the News Release for August 31, 2009
Gold and the Guiana Shield
Guyana is an English-speaking tropical country bordering
the Caribbean Sea on the northeast coast of South America, wedged in between
Venezuela and Suriname and lying above Brazil.
The country is in the heart of a prolific gold region
called the Guiana Shield – also encompassing parts of Venezuela, Suriname and
French Guiana. Geologically, this is believed to be the broken-off extension of
the West African Shield hosting the Birimian gold belt in Ghana where at least
100 million ounces of gold has been identified to date.
Gold deposits in the Guiana Shield can be large in size.
Among the major gold deposits found here are the nearby Las Cristinas in
Venezuela, now held by Crystallex International, with a 13.6-million ounce gold
deposit now in development (Crystallex Annual Report 2005). Cambior Inc.owns
the 3.2-million ounce Rosebel Mine in Suriname, and the 1.2-million ounce Camp
Caiman Project in French Guiana (Cambior 2005 Annual Report, pages 11 and 17).
Guyana’s own position as a gold producing country
was first prominently highlighted when Cambior built the Omai Gold Mine here in
the early Nineties. At the time it was built, Omai was the largest gold mine in
that part of the world. Over 13 years, the Omai produced some 3.7-million
ounces of gold from a 42.9-million tonne heap-leachable resource grading 1.4
grams/tonne gold (Cambior Annual Report 2005, page 13).
What’s Happening in Guyana
Guyana is a poor country by North American standards.
Mining is one of the most important industries and a key provider of foreign
investment and much needed government tax revenue. Elections were held recently
and the government of President Bharrat Jagdeo was returned with a majority in a
fair and violence-free election. This is important for country stability, and
enhances the confidence of foreign investment capital. Gold Port is registered
as an “Internal Company” under the Company Act of Guyana. This allows the
company to take formal title to mining projects, as it has done at Akaiwong.
Two Main Projects in Guyana
Gold Port has two projects in Guyana. The Akaiwong project is
located on the Cuyuni River in Western Guyana. It is strategically
located close to the world class gold discovery by Guyana Goldfields (www.guygold.com)
at the Aurora Mine. Akaiwong has in excess of $US one million in
exploration expenditures to date, the results which have identified
areas of gold mineralization.
 Guyana
The Groete Creek Gold/Copper Project is located 43 miles southwest of Georgetown, the
capital of Guyana. The Groete Creek Gold/Copper Project is an advanced stage
exploration project.
| Issued and Outstanding.... |
42,511,563 |
| Warrants................................ |
12,926,000 |
Information updated on February 15, 2010.
All technical information presented at this web site has been reviewed by Paul A. Pelke, California Registered Geologist No. 4150, a Qualified Person as defined
in National Policy Instrument 43-101. Click here to view our disclaimer. |