GUYANA – Canadian company, Gold Port Corporation, the 100 percent owner of the Groete Gold Copper Project located in Essequibo, had their mining permits renewed last year for five years. Gold Port made the announcement in September 2024 that the Government of Guyana through the Guyana Geology and Mines Commission (GGMC) granted the mining permits, which cover 1,384 hectares, will now remain in effect until July 2027.

“During this five-year period, the Company has the option to develop the Project and convert the Mining Permits into a Mining License.  The Project is strategically located 64 kilometers west-southwest of Georgetown, the capital of Guyana, and 11 kilometers west of the Essequibo River, a major transportation route in the country,” it was explained. Notably, in its September 2024 press statement Gold Port said that it had recently completed a review of the project in light of soaring gold prices that were seen last year. Gold Port said, “The Company has recently completed a project review given the continued strong upward trend in the gold price.” The project boasts an inferred mineral resource estimate of 1.57 million gold-copper equivalent ounces, contained in 74 million tonnes at a grade of 0.66 grams per tonne gold equivalent, according to a 2019 National Instrument 43-101 report. (kaieteurnews)