December 09, 2021
News Release – Vancouver, British Columbia – December 9, 2021: GSP Resource Corp. (TSX-V: GSPR) (FRA: 0YD) (the “Company” or “GSP”) announces that it has completed its Fall 2021 drilling campaign at the Alwin Mine project (the “Alwin Property”) located in the Highland Valley Copper Camp of British Columbia.
The fall program consisted of 3 holes totalling 895.5 meters and was designed to further test the bulk grade of the Alwin deposit and surrounding lower grade rock with the drill holes collared from the north of the historic deposit. Assay results are expected to be received in the first quarter of 2022.
Most of the alteration and mineralization observed in the upper and lower portions in all deeper drill holes intersecting rock greater than 20 metres from the shell of the Alwin deposit have porphyry copper style characteristics similar to that seen nearby in the Highland Valley camp.
The fall drilling program followed up on a 5-hole summer program. Together with summer drilling, GSP’s 2021 program totalled 2,313 meters, testing the bulk tonnage copper potential of unmined mineralization within and surrounding the historic Alwin mine (please see news release dated October 14, 2021).
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:
- 28% CuEq over 158.5 m
- 48% CuEq over 79.3 m