Gold Port: Exploration Update
14 9월 2010 - 3:13AM
Marketwired
Gold Port Resources Ltd. (the "Company") (TSX VENTURE: GPO) is
pleased to provide this exploration update on the Akaiwong and
Groete Creek Projects in Guyana, South America.
The Akaiwong Project
The Akaiwong Project is located in Region Four, Cuyuni Mining
District, Guyana, and is comprised of approximately 3,400 acres.
The project is located in an area of known gold production, being
situated approximately 30 kilometers south east of the Aurora Mine,
and Aranka Gold Project, currently under evaluation by Guyana
Goldfields Inc. (GUY.T).
The project has a significant exploration history, having been
drilled by Homestake Mining and Gold Port Resources. Several
unauthorized mining operations were recently removed from the
project by Company staff. The area of interest involves a dioritic
intrusive stock into surrounding greenstone rock, which at surface
expresses an anomalous gold zone of 2 kilometers of length and 600
meters of width. Subsequent to a Geoprobe program completed in
2009, the Company has contracted a heavy equipment operator to
trench select locations within the project grid. The intent of the
program is to further define the geologic structures present for
follow up drilling.
The Groete Creek / Georgetown West Project
At the Groete Creek / Georgetown West Projects, heavy equipment
has been located on site for the initiation of exploration
activity. The Company plans to establish a grid, conduct ground
geophysics and surface sampling / geologic mapping prior to the
initiation of a drill program. The intent of the program will be to
confirm and expand the known gold zone as previously established.
Recent sampling by the Company has confirmed gold mineralization
over a five kilometer strike from the western most claim of the
Groete Creek Project to the eastern claims of the Georgetown West
Project, with gold found in quartz, saprolite and bedrock. The
Company owns an Acker track mounted drill which will be moved to
the project in anticipation of the program.
Groete Creek was originally explored by the United Nations
Mineral Survey and subsequently, Coeur d' Alene Mines. The
exploration which included drilling allowed Coeur d' Alene Mines to
calculate by using a simple polygonal method, a non-NI 43-101
compliant resource of approximately 94 million tonnes grading 0.6
grams per tonne gold and 0.11% copper. (Caution: The issuer has not
done the work necessary to verify the classification of the
resource or reserve, the issuer is not treating them as a NI 43-101
defined resource or reserve verified by a qualified person, and the
historical estimate should not be relied upon). The drill program
will attempt to confirm and expand upon this area of gold
mineralization.
Chief Financial Officer Appointed
Christopher Cherry has been appointed Chief Financial Officer of
Gold Port Resources Ltd. replacing David Camp, who has resigned as
an officer of Gold Port Resources Ltd. in order to focus on other
business matters. Mr. Camp will remain with the Company as a
Director and Consultant. The Company wishes Mr. Camp well in his
future ventures and we look forward to his continued participation
as a Director. Mr. Cherry is a Chartered Accountant and financial
controller with iO Corporate Services Ltd., and is CFO of a number
of listed companies, including Mexivada Mining Corp. and MAX
Resource Corp.
On Behalf of the Board of Directors of Gold Port Resources
Ltd.
Adrian F.C. Hobkirk, President and Chief Executive Officer
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. The transaction
described in this News Release is subject to a variety of
conditions and risks which include but are not limited to:
regulatory approval, shareholder approval, market conditions, legal
due diligence for claim validity, financing, political risk,
security risks at the property locations and other risks. As such,
the reader is cautioned that there can be no guarantee that this
transaction will complete as described in this News Release. We
seek safe harbour.
The TSX Venture Exchange has not reviewed the content of this
News Release and therefore does not accept responsibility or
liability for the adequacy or accuracy of the contents of this News
Release.
Contacts: Gold Port Resources Ltd. Adrian Hobkirk 714-316-3272
info@resourceexploration.com www.resourceexploration.com AJF
Consultants Ltd. Allan Feldman 604-948-9663
AJFConsultants@aol.com
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