Business

GSP Resource Commences Phase 1 Drilling at Alwin-Mer - Targeting High-Grade Gold & Porphyry Copper, Highland Valley, BC

News Release - Vancouver, British Columbia – TheNewswire - June 15, 2026: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”)

articleGsp Resource Corp.June 15, 20263/news/gsp-resource-commences-phase-1-drilling-at-alwin-mer-targeting-high-grade-gold-and-porphyry-copper-highland-valley-bc
GSP Resource Commences Phase 1 Drilling at Alwin-Mer - Targeting High-Grade Gold & Porphyry Copper, Highland Valley, BC

About this update from Gsp Resource Corp.

News Release - Vancouver, British Columbia – TheNewswire - June 15, 2026:  GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces that 2026 drilling at the combined Alwin-Mer properties located in the Highland Valley Copper Camp of British Columbia has commenced.  The first phase of 2026 drilling is targeting both porphyry copper potential at the Mer property and follow-up drilling to a gold discovery drilled at Alwin in late 2024.  The first phase of drilling is expected to total between 1,200 and 1,500 metres. GSP Resource Corp. President & CEO, Simon Dyakowski commented: “GSP has commenced 2026 drilling at a time of renewed exploration and development activity in the Highland Valley Copper Camp, with copper trading near record highs.  Phase 1 pairs first-pass porphyry copper drilling at Mer with follow-up to our 2024 high-grade gold discovery at Alwin — two distinct targets within a single camp that we believe each offer meaningful upside as we advance the projects.” Alwin High-Grade Gold Targets: Phase 1 drilling at the Alwin high-grade gold target is expected to follow up on the discovery of high-grade gold values drilled in late 2024 in step-out hole AM-24-06 that yielded 5.04 grams-per-tonne (g/t) Gold (Au) and 1.01% Copper (Cu) over 7.90 metres (m); including 22.93 g/t Au and 1.82% Cu over 1.64 m1. The Alwin Project currently hosts an inferred mineral resource comprising 1.46 million tonnes (Mt), 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.  The new discovery within west-side step-out drill hole AM-24-06 at a depth of 40 m below the current resource pit shell presents an opportunity to augment existing open pit and underground mineable copper resources with high-grade gold values. The occurrence of high-grade gold values, below the vertical projection of existing “3 Zone” modelled copper resources, affirms the Company’s belief that these two contrasting mineralization styles are structurally and genetically linked, and can be successfully targeted within the context of the current Alwin Mine geological model.  Additionally, the Alwin high-grad...

View stock analysis, news, and events for Gsp Resource Corp.