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GSP Resource Corp. Intersects Additional Bulk Tonnage Copper Grades at Alwin Mine Project and Plans Fall 2021 Drill Program
VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (FRA: 0YD) (the “Company” or “GSP”) announces final diamond dril
About this update from Gsp Resource Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (FRA: 0YD) (the “Company” or “GSP”) announces final diamond drill results from the Summer 2021 drilling program at the Alwin Mine project (the “Alwin Property”) located in the Highland Valley Copper Camp of British Columbia. Five holes totalling 1,439 meters were completed to test the bulk tonnage Copper potential of unmined mineralization within and surrounding the historic Alwin mine. Complete analytical results for holes AM21-2, AM21-4 and AM21-5 have now been received and analyzed, along with the previously reported results for AM21-1 and AM21-3. Alwin Summer 2021 Drilling Program Bulk Tonnage Grade Highlights: Hole AM21-05 - 0.61% CuEq over 164.6 m; Hole AM21-02 – 0.14% CuEq over 176.7 m; Hole AM21-01 – 0.21% CuEq over 229.7 m, including: 0.28% CuEq over 158.5 m 0.48% CuEq over 79.3 m GSP is currently in the final stages of planning a fully funded follow up drilling program expected to be mobilized in the fourth quarter of 2021. The Fall 2021 drilling program is expected to further test the bulk tonnage grade potential North of Alwin deposit with 3 diamond drill holes collared from the North of the historic deposit. Map of GSP Alwin Project and Highland Valley Copper (Valley Pit) GSP President & CEO Simon Dyakowski, commented: “The Final results of GSP’s Summer drilling program further support a shallow bulk tonnage deposit model at Alwin. The Summer program also yielded a new exploration target with the discovery of a new zone of mineralization under the western part of the main Alwin zone at the bottom of hole AM21-02 and AM21-04. GSP is now in the final stages of preparing for a follow up drilling program to further expand the Alwin bulk tonnage grade model, with additional drill holes North of the Main Alwin zone. The results of the upcoming drill program, in conjunction with GSP’s prior exploration results will form the basis for an expanded bulk tonnage grade exploration model for what was previously considered a historic underground deposit.” Summer 2021 Drill Program Hole Summaries: Hole AM 21-05 was collared to intersect the 3 zone under a historic intersection grading 4.7% Cu over a horizontal 3.5 m. The hole intersected, over 10.6 m, several narrow zones grading 0.38% CuEq. The hole at 136 m intersected the 4...