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GSP Resource Announces Initial Open Pit & Underground Mineral Resource Estimate for Alwin Project, British Columbia, Canada
Vancouver, British Columbia – TheNewswire – December 4, 2024: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces the co
About this update from Gsp Resource Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire – December 4, 2024: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces the completion of its initial mineral resource estimate (“2024 Alwin MRE” or “MRE”) with respect to the Alwin Copper-Silver-Gold Project (the “Alwin Project”) in southwestern British Columbia, Canada. The 2024 Alwin MRE provides the first comprehensive analysis of the Alwin Project’s potential as an open pit resource which is a significant advancement of the project which had previously only been considered for underground mining. The Alwin Project is situated in the Highland Valley Copper (“HVC”) camp, surrounded by mineral title controlled by Teck Resources’ HVC operations, which is comprised of several presently and past producing open pit mining operations. Highlights: Inferred Mineral Resource comprising 1.46 million tonnes (Mt) tonnes, average grading of 1.08% copper (Cu), yielding 34.6 million pounds of Cu; Multiple high-grade zones; with 66% of the contained Cu amenable to open pit and 34% by underground mining; Significant Potential for resource expansion of underexplored surface zones within pit, along strike, and at depth below the pit; and Potential for significant gold-silver contribution with additional drilling as highlighted by historic and recent gold-silver intercepts (see GSP news release dated August 19, 2024). The 2024 Alwin MRE comprises an inferred mineral resource of 34.6 million pounds of Cu at an average grade of 1.08 % Cu within 1.46 Mt. Tables 1 and 2 present the complete 2024 Alwin MRE statement and cut-off sensitivities, respectively. The effective date of the 2024 Alwin MRE is September 16, 2024, and a technical report relating to the MRE will be filed on SEDAR+ within 45 days of this news release. The 2024 Alwin MRE was prepared by APEX Geoscience Ltd. Significant Exploration Potential at Alwin Project: The Alwin Project has significant exploration upside with the potential to grow open pit mineralization along strike and at depth as well as several underexplored porphyry style copper targets hosted both on GSP’s Alwin claims, as well as the Company’s 100% owned Mer Claims, approximately 2 km NW of the Alwin Project. Publicly available exploration data from HVC’s adjacent claims shows that historic IP ano...