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GSP Resource Defines Multiple New High Priority Drill Targets at Alwin Mine Copper-Silver-Gold Project
News Release - Vancouver, British Columbia – TheNewswire - April 17, 2023: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces the results of init
About this update from Gsp Resource Corp.
[{"type":"text","content":"News Release - Vancouver, British Columbia – TheNewswire - April 17, 2023: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces the results of initial 3D mineralization modelling for the Alwin Mine Copper-Silver-Gold Project (the “Alwin Property”) located in the Highland Valley Copper Camp of British Columbia. The recently completed 3D copper mineralization model has identified multiple new high priority drill ready targets within the Alwin Mine area. The copper mineralization model integrates over 4,000 individual copper assays from more than 450 diamond drill holes for which results are available (see the Company’s news release dated March 14, 2023). Based on these data points the copper grade shells were generated via implicit modelling, which were further constrained by the incorporation of structural trend surfaces based on the geometry of historically mined high-grade copper zones (Figure 1). With the historic data compilation and mineralization model already generating targets for potential follow-up drilling, the Company looks forward to updating shareholders as it advances its plans towards a 2023 diamond drill campaign. Highlights of new 3D mineralization model: Multiple new untested high priority drill ready targetsoccur within the Alwin Mine defined by the mineralization model, Potential for previously unrecognized moderate west, and shallow east plunging continuity of high-grade copper zones, High grade copper zones defined by drilling and underground mining remain open along corridors at mid-depths, and down plunge to the west and to the east, beyond the extent of the historic underground workings, New drill targets are underscored by the Company’s recent diamond drill results that yielded: 3.4% copper (Cu), 2.3 grams-per-tonne (g/t) gold (Au), and 40 g/t silver (Ag) over 6.4 m within drill hole AM-21-01A, 3.0% Cu and 12 g/t Ag over 20 m within AM-21-05, which includes 7 m of unsampled underground void space, 10.4 g/t Au, 1.2% Cu, and 16 g/t Ag over 1.6 m within AM-21-08B, in addition to, 6.3% Cu over 3.6 m in drill hole 08-04A completed by a previous operator that terminated within historic workings1 GSP’s President & CEO, Simon Dyakowski, commented: “With the release of the first 3D mineralization model for the high-grade past producin...