Business
GSP Resource Outlines 2023 Drill Program Objectives at Alwin Mine Copper-Silver-Gold Project
Vancouver, British Columbia – TheNewswire - September 11, 2023: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces a detailed summary of the upco
About this update from Gsp Resource Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - September 11, 2023: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces a detailed summary of the upcoming planned Fall 2023 exploration program at the Alwin Mine Project (the “Alwin Property”). The exploration program is being designed to drill test new exploration targets and advance the understanding of the structural controls of known copper zones at the Alwin Property located in the Highland Valley Copper Camp of British Columbia. 2023 Drill Program objectives: Drilling a minimum of 1,200 m and up to 1,500 m of diamond drilling to test 4 to 6 targets (200 to 300 m per drill hole, Figure 1), subject to available funds. Confirmation drilling of the 5 historic zones (Zone 2 to 6) to infill 2008, 2020 – 2021 drilling, testing down-dip and lateral extensions of mineralization. Drill test three new potential copper zones: Northwest, South and Deep zones (see the Company’s news release dated August 24, 2023). Collect structural data using oriented drill core, and ground truthing of historic surface drill hole locations to continue to develop the 3D mineralization model. Advance the 3D mineralization model towards completion of a potential Mineral Resource Estimate for the Alwin Mine Project during 2024. Figure 1: Plan Map of Surface Expression of Alwin Mine 3D Compilation Showing >1.5% Copper Mineralization Vein Model and Potential 2023 Drill Targets GSP’s President & CEO, Simon Dyakowski, commented: “Our team is excited to be advancing the final planning for the proposed 2023 exploration program to drill test the Alwin 3D copper mineralization vein model for the high-grade past producing Alwin Copper-Silver-Gold Mine. The broad extent of polymetallic mineralization at Alwin represents a significant exploration upside and requires confirmation drilling of known zones and testing of potential new zones identified to the northwest, south and at depth of the historic mine area. We look forward to finalizing priority drill targets for our proposed upcoming diamond drill program in Fall 2023 over the coming weeks, with the potential for completing a possible Mineral Resource Estimate in 2024.” During October 2022, GSP engaged APEX Geoscience Ltd. (“APEX”) to review and compile geological data from drill logs of more than 450 historic su...