Business
GSP Resource 2023 Drill Program Intersects Sulphide Mineralization at Alwin Mine Copper-Silver-Gold Project
News Release - Vancouver, British Columbia – TheNewswire - November 22, 2023: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces the successful c
About this update from Gsp Resource Corp.
[{"type":"text","content":"News Release - Vancouver, British Columbia – TheNewswire - November 22, 2023: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces the successful completion of its surface diamond drill program at the Alwin Mine project (the “Alwin Property”). The 2023 drill program consisted of 5 drill holes and was designed to target potential extensions of known high grade copper zones at the Alwin Property located in the Highland Valley Copper Camp of British Columbia. All five 2023 drill holes exhibited visual sulphide mineralization intervals interpreted to be part of or adjacent to the historic 4 Zone (Table 1; Figures 1, 2). Observed pyrite, chalcopyrite, bornite, and molybdenite mineralization exhibited structurally controlled (in the form of mm to cm-scale vein sets, fracture, and fault infill), as well as fine to coarsely disseminated, domanial and blebby textures. Figure 1 AM-23-03 from 159.37 - 170 m exhibiting pyrite, chalcopyrite, and bornite mineralization and sericitic alteration Figure 2 AM-23-004 from 28.55 – 34.25 m exhibiting disseminations and veining of pyrite, chalcopyrite and bornite mineralization within intensely altered granodiorite GSP’s President & CEO, Simon Dyakowski, commented: “Our team is excited to share the preliminary results of the 2023 drill program. We look forward to providing further updates as we receive analytical assay results for the five 2023 drill holes. The primary objective of the 2023 drill program was to drill test the Alwin 3D copper mineralization vein model recently developed for the high-grade past producing Alwin Copper Mine with a focus on evaluating the upper and lower extents of the unmined historic 4 Zone. The potential to further expand the multiple parallel polymetallic mineralization zones at Alwin remains a significant exploration upside that requires further confirmation drilling. Potential new zones previously identified from historic drill holes to the northwest, south and at depth of the historic mine area remain untested and will be targeted with additional drilling in 2024.” A total of 5 HQ-size diamond drill holes were completed totaling 640 metres. Drilling was completed from three sites along a strike length of approximately 100 m including the upper and lower levels of the 4 Zone (Figure 3; Table 1). Drill core s...