News Release – Vancouver, British Columbia – October 26, 2021: GSP Resource Corp. (TSX-V: GSPR) (FRA: 0YD) (the “Company” or “GSP”) announces that the Fall 2021 drilling campaign at the Alwin Mine project (the “Alwin Property”) located in the Highland Valley Copper Camp of British Columbia has commenced.
The approximate 1000m drilling program is designed to further test the bulk tonnage grade potential north of the Alwin deposit with 3 diamond drill holes collared from the north of the historic deposit.
The current drill program follows up on a 5-hole summer program that totalled 1,439 metres testing the bulk tonnage Copper potential of unmined mineralization within and surrounding the historic Alwin mine (please see news release dated October 14, 2021).
Alwin Summer 2021 Drilling Program Bulk Tonnage Grade Highlights:
- Hole AM21-05 – 0.61% CuEq over 164.6 m;
- Hole AM21-02 – 0.14% CuEq over 176.7 m;
- Hole AM21-01 – 0.21% CuEq over 229.7 m, including:
- 0.28% CuEq over 158.5 m
- 0.48% CuEq over 79.3 m
Figure 1: Alwin Mine Project with Highland Valley Copper in background
Link to image above
About the Alwin Mine Project: The 575.72 hectares Alwin Mine Copper-Silver-Gold property is located on the semi-arid, interior plateau in south-central British Columbia. The historic underground mine, which was developed over 500 metres long by 300 metres deep by 200 metres wide volume produced from 1916 to 1981 from five major subvertical zones 233,100 tonnes that milled 3,786 tonnes of copper, 2,729 kilograms of silver and 46.2 kilograms of gold. The average diluted head grade was 1.5 % copper. Gold and silver content associated with bornite increase with depth within the individual mineralized zones.
Qualified Person: The scientific and technical disclosure contained in this news release has been reviewed and approved by Christopher I. Dyakowski, P. Geo, a director of the Company and a “Qualified Person” as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia. The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division. GSP also owns 100% of the Olivine Mountain Property in the Similkameen Mining Division.
Contact Information – For more information, please contact:
Simon Dyakowski, Chief Executive Officer & Director
Tel: (604) 619-7469
Email: simon@gspresource.com
