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GSP Resource Corp. Commences Alwin Mine Summer Drilling Program
VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (the “Company” or “GSP”) announces that it has commenced a fully
About this update from Gsp Resource Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (the “Company” or “GSP”) announces that it has commenced a fully financed summer drill program at its Alwin Mine Copper-Silver-Gold Project. The summer program will consist of a minimum 1,500 meters of diamond drilling designed to test deep targets within the Alwin Mine. GSP intends to utilize the recently completed 3D digital model of the Mine data (see news release date May 19, 2021) to guide the upcoming program which will consist of drill holes ranging between 250m and 350m in length. The planned drill holes are intended to test both unmined narrow high grade and intervening and outboard lower grade portions of the Alwin deposit. The deeper bornite-covellite-chalcocite portions of the deposit also hosts favourable gold and silver mineralization. Link to Alwin Mine 3D Model Image 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 meters long by 300 meters deep by 200 meters 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. In addition to the main Alwin Mine target the property hosts several incompletely explored porphyry copper-molybdenum exploration targets to the north and west of the mine. The Alwin deposit’s known east end is less than 2.5 km west of and 270 metres higher than the Valley pits west edge of Teck Corporation’s Highland Valley Mine, the largest open-pit porphyry copper- molybdenum mine in Canada. The Highland Valley Mine had a reported 0.278% copper head grade according to a 2019 presentation (https://www.teck.com/media/Teck-Highland-Valley-Copper-Site-Visit-2019-HVC-Presentation.pdf) and Teck Resource’s 2020 Annual Information Form (“AIF”) filed on SEDAR reports mineral reserves at the Highland Valley mine using a 0.09% CuEq cutoff grade. Qualified Person: The scientific and technical disclosure contained in this news release has been reviewed and approved ...