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GSP Resource Commences Geophysical Survey at Alwin Mine Property
Vancouver, British Columbia – TheNewswire - June 24, 2025 - GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces it has c
About this update from Gsp Resource Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - June 24, 2025 - GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces it has commenced an NSAMT (natural-source audio-frequency magneto-telluric) geophysical survey at the Alwin Mine Property. The survey is the first property-wide geophysical survey conducted at Alwin Mine Property in nearly 20 years. The NSAMT survey is expected to explore the presence of deep seated conductive/resistive features beneath the Property and the shallow Copper-Gold-Silver open pit and underground resource. These bodies could indicate the presence of Porphyry style mineralization. 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. Publicly available exploration data from Teck Resource’s Highland Valley Copper (“HVC”) adjacent claims shows that historic IP anomalies coincident with HVC operations and exploration drill targets extend westward onto the Alwin claims. Notably, 2015 diamond drilling of these IP anomalies by Teck Resources at the Bethsaida Zone located 700 meters east of Alwin yielded significant intercepts of porphyry style copper mineralization1 (see Figure 1 below). Figure 1: Plan Map of Alwin Project and HVC IP anomalies / Drilling 2025 Exploration Plans GSP’s 2025 Alwin and Mer exploration strategy commences with the Alwin Property NSAMT survey. The 2025 exploration season is also expected to pursue additional targets adjacent to the Alwin Open Pit Resource area as well as near other mineral showings on the Property. Drill permitting for the Mer Property commenced in the first quarter of the year and is progressing. The Alwin Project currently hosts an inferred mineral resource comprising 1.46 million tonnes (Mt) tonnes, at an average grade of 1.08% Cu, yielding 34.6 million pounds of Cu2. Potentially significant silver and gold values have long been known at Alwin, however a lack of historic assays for these metals prior to drilling by GSP has precluded their inclusion in resource estimation. Additional upcoming exploration work is subject to financing and market conditions and the Company’s board of directors’ discretion. GSP expects to announce ...