Gold Port Corporation Initiates Construction of 13-Kilometre Access Road for Groete Gold Copper Project in Guyana

Strategic Location and Transportation Infrastructure

The Groete Gold Copper Project is strategically located 64 kilometres west-southwest of Georgetown, Guyana’s capital city. Positioned 11 kilometres west of the Essequibo River, a major transportation corridor, the project benefits from significant logistical advantages. Gold Port Corporation’s initiative to construct an access road from Manaka Road on the East Bank of the Essequibo River directly to the Groete site underscores its commitment to establishing dependable ground infrastructure for ongoing exploration and development.

The 13-kilometre access road addresses a crucial operational need. Designed for year-round use, it will incorporate several all-weather bridges to ensure consistent accessibility regardless of seasonal weather conditions. The mobilization of heavy equipment by barge and the presence of an advance crew for planning and logistics demonstrate thorough preparation ahead of construction commencement.

Access Road Engineering and Design Details

The access road project spans roughly 13 kilometres and is engineered to withstand tropical all-weather conditions, a critical factor given seasonal rainfall impacts on ground access. The design includes multiple bridges to facilitate crossings over waterways and terrain obstacles along the route from Manaka Road to Groete Creek.

An advance crew stationed on site is managing planning and logistics, indicating comprehensive site surveys and route optimization preceded construction. Transporting heavy machinery by barge—a complex logistical operation—reflects secured regional transport capacity and precise timing aligned with the start of construction activities.

Inferred Mineral Resource Estimate and Project Background

Gold Port Corporation’s Groete Project is supported by an inferred mineral resource estimate from January 2019. The estimate includes 1.57 million gold and copper equivalent ounces contained within approximately 74 million tonnes of material. This resource comprises about 1.1 million ounces of gold (Au) and 195 million pounds of copper (Cu), with an average gold equivalent grade of 0.66 grams per tonne.

The resource estimate was based on economic assumptions reflecting commodity prices at the time: US$1,275 per ounce of gold and US$3.00 per pound of copper, applying a cut-off grade of 0.25 gold equivalent grams per tonne. The gold grade averages 0.49 grams per tonne, and copper averages 0.12%. These parameters were established in a National Instrument 43-101 compliant technical report by P&E Mining Consultants Inc., dated April 16, 2019, and filed on SEDAR.

Exploration History and Project Development Timeline

Exploration on the Groete Property began in 2012, laying the groundwork for understanding the project’s geological potential. Subsequent drilling programs provided sufficient data to support the inferred mineral resource estimate released in January 2019. This multi-year exploration approach reflects the company’s systematic evaluation and resource definition strategy.

The announcement mentions recent management appointments aimed at supporting a "robust and aggressive drill program" following access road completion. Company President Adrian F.C. Hobkirk highlighted these personnel changes as enhancing technical and operational capabilities to advance the project’s exploration phase.

Link Between Access Road and Upcoming Drill Program

Gold Port Corporation identifies the access road as "an integral part of the planned drill program soon to commence." The company emphasizes that completing this infrastructure is essential for mobilizing drill rigs, establishing drill sites, and managing logistics for the upcoming exploration campaign. This sequence aligns with industry best practices for exploration operations.

The timing of the access road construction, coupled with recent management changes and the anticipated drill program, indicates the company’s progression toward intensified exploration. Although the construction timeline is not explicitly stated, it will directly impact the start of drilling activities and the generation of new geological data.

Management Insights and Project Progress

President and CEO Adrian F.C. Hobkirk described the access road commencement as "an important kickoff for our planned drill program." He noted that recent management appointments are expected to "facilitate a robust and aggressive drill program upon completion of the access road," underscoring the construction phase’s role as a foundation for increased exploration efforts.

While details on management changes were not disclosed, these organizational adjustments typically signal enhanced execution capacity and confidence in project advancement. Investors should watch for further disclosures regarding management and drill program specifics.

Mining and Exploration Environment in Guyana

The Groete Project operates within Guyana’s growing mining and exploration sector, which has attracted increasing international investment due to recent discoveries and development activities. The nearby Essequibo River serves as a vital transportation and logistics route supporting regional resource projects.

The project’s strategic location near Georgetown and major transport infrastructure aligns with operational best practices, offering logistical benefits for administration, supply chains, and potential future development if exploration results warrant advancement.

Technical Review and Regulatory Compliance

The announcement confirms that Mr. William Feyerabend, Consulting Geologist and Qualified Person under National Instrument 43-101, has reviewed and approved the technical content. This compliance with Canadian securities regulations assures investors that the technical disclosures have undergone independent expert evaluation.

The company also notes that no stock exchange or securities regulatory authority has reviewed or accepted responsibility for the announcement’s accuracy. This standard disclaimer acknowledges that while the Canadian Securities Exchange lists the company’s shares, it has not independently verified the release. Forward-looking statement risks are also disclosed, highlighting that actual results may differ materially.

Forward-Looking Statements and Associated Risks

The announcement contains forward-looking statements about the planned drill program and operational intentions. These statements are subject to risks and uncertainties that could cause actual outcomes to differ materially. The company invokes safe harbour provisions related to these forward-looking statements as a standard precaution.

Investors should consider that the realization of the drill program and subsequent activities depend on factors such as weather, regulatory approvals, operational logistics, funding, and commodity market conditions, which may affect timing and scope.