Symbol: GPO TSX-V
VANCOUVER, July 17 /CNW/ - Gold Port Resources Ltd. (The
"Company")(TSX-V:GPO) is pleased to report on exploration efforts at the
Akaiwong Project located in Guyana, South America.
Exploration work during the past four months has focused on road and
trail development, and pit sampling. A total of two miles of main access road
has been completed from the area of previous drilling, south to the property
boundary. Trails off this main spur have been completed to facilitate a
Geoprobe direct push drill sampling program.
A pit sampling program was completed starting at the area of previous
drilling, and proceeding south. The purpose of the pit sampling program was to
visually confirm the presence of gold. A total of 50 pits were hand excavated.
Samples from each pit were excavated in two intervals. Each interval
represents a layer of a meter square area, with a depth of approximately
0.3 of a meter. Each sample interval contained approximately 45 kilograms of
material. The pits were located approximately 7 meters apart, and followed a
direction south of Hole AK33, comprising a strike of 350 meters. Each sample
was manually panned to a concentrate and examined visually for the presence of
gold. All samples reported greater than 100 "eyes" of gold. An eye of gold is
a prospecting term used in Guyana to indicate the presence of very fine
grained gold, with each eye greater than 200 mesh. Some coarse gold was noted
in several of the pits, with particle sizes over 100 mesh.
Adrian Hobkirk, president of Gold Port said "The property continues to
define large areas with mineral potential and we look forward to reporting our
results as we further define the gold targets and explore the Akaiwong
A Caterpillar CL320 excavator is now on site and will begin a deep pit
and trenching program. Samples will be collected, amalgamated on site and
weighed. A check sample will be sent to Loring Laboratories of Georgetown for
check assay. This will be followed with a planned drill program.
The contents of the Press Release were reviewed by Allen V. Ambrose, a
Registered Geologist in Washington State and a Qualified Person under National
Instrument 43-101 and a director of the Company.
On Behalf of the Board of Directors of Gold Port Resources Ltd.
Adrian F.C. Hobkirk
President and C.E.O.
The TSX Venture Exchange has not reviewed the contents of this press
release and assumes no responsibility for the adequacy or accuracy.
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such
statements include, without limitation, statements regarding future
anticipated exploration program results, the discovery and delineation of
mineral deposits/resources/reserves, business and financing plans, potential
mining scenarios, the success of mineral processing procedures, business
trends and future operating costs and revenues. Although the Company believes
that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that any
forward-looking statements by the Company are not guarantees of future results
or performance, and that actual results may differ materially from those in
forward looking statements as a result of various factors, including, but not
limited to, variations in the nature, quality and quantity of any mineral
deposits that may be located, the Company's ability to obtain any necessary
permits, consents or authorizations required for its activities, the Company's
ability to produce minerals from its properties successfully or profitably, to
continue its projected growth, to raise the necessary capital or to be fully
able to implement its business strategies.
For further information:
For further information: Adrian Hobkirk, President and C.E.O. at (604)