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Gespeg Copper Resources Files National Instrument 43-101 Technical Report for Mineral Resources of 4,570 oz of Gold and 485,630 oz of Silver
SASKATOON, Saskatchewan, March 19, 2019 (GLOBE NEWSWIRE) -- GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the “Company” or “Gespeg”), is pleased to announce an upda
About this update from 1844 Resources Inc
[{"type":"text","content":" SASKATOON, Saskatchewan, March 19, 2019 (GLOBE NEWSWIRE) -- GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the “Company” or “Gespeg”), is pleased to announce an updated Estimate Mineral Resources1 (Indicated Category) of the Anacon Lead 1 tailing site (having an effective date of February 28th, 2019). The mandate for a revised and updated NI 43-101 was executed by MRB & Associates and Mr. Vincent Jourdain, P.Eng., Ph.D. as mentioned in January 31st, 2019 press release. The technical report has been filed pursuant to National Instrument 43-101 within 45 days to support disclosure of a current resource. Tonnage (t) Gold Grade (g/t) Gold Content (oz) Silver Grade (g/t) Silver Content (oz) 462,000 0.31 4,570 32.68 485,630 1 Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Mineral Resource Estimate notes:1. The Independent and Qualified Person for the Mineral Resource Estimate, as defined by NI 43‐101, is Vincent Jourdain, P.Eng., Ph.D. (MRB & Associates), and the effective date of the estimate is February 28, 2019.2. The Mineral Resource Estimate follows CIM definitions and guidelines.3. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.4. While the results are presented undiluted and in situ, the reported mineral resources are considered to have reasonable prospects for economic extraction.5. Resources were estimated using GEOVIA GEMS 6.6. The database used for the estimate contained percussion drill hole assays. The gold and silver grades are capped at 2.0 g/t and 125.0 g/t, respectively.6. A gold price of US$1,300/oz, a silver price of US$15/oz, and a CAD/USD exchange rate of 1.3 was used in the RMV calculations.7. Operation costs were estimated by Edmond St‐Jean, ing.8. Ounce (troy) = metric tonnes x grade / 31.10348. Calculations used metric units (metres, metric tons (tonnes) and grams per metric ton).9. The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects. Rounding followed the recommendations in NI 43‐101. Part of the new revised report, the 2018 drilling program announced on February 20th, 2019 (see press release)...