(TheNewswire)
Vancouver, British Columbia – TheNewswire - October 25, 2022 - GSP Resource Corp. ( TSXV:GSPR ) (the “ Company ” or “ GSP ”) has engagedAPEX Geoscience Ltd. (“ APEX ”) of Edmonton, AB, as geologicalconsultants to conduct a review of the Alwin Mine Copper-Silver-GoldProject and recommend the next stage of exploration for the project. The review is expected to reinterpret both historic drilling &mining data, GSP’s 3D modelling of the historic mine workings, andGSP’s 2020-2022 exploration programs on the Alwin project. Thereview, overseen by Kristopher Raffle, P.Geo. Principal and Consultantof APEX, will commence immediately with a site visit to the projectover the coming weeks.
APEX is a privately-owned, independent geologicalconsulting company that provides high quality, cost effective andtimely geological consulting services to exploration companies,government, and non-government organizations. APEX has experience inall aspects of the mineral exploration industry from initialassessment and NI 43-101 reporting through to mining including theidentification and outlining of resources. They specialize in managinglarge mine site and exploration databases, digital capture of historicdatasets, and combining rigorous geostatistical analysis with moderngeological, geochemical, and drill datasets to create concise 3Dmodels that result in discovery and expansion of resources.
GSP’s President & CEO, Simon Dyakowski,commented: “With ongoingvolatility in the broader equity and commodity markets, GSP hasmanaged its exploration budget carefully to reflect market conditionsand to best preserve the Company’s attractive capital structurethrough the cycle. As such, we have retained APEX to review our workprograms to-date and advise on a strategy to unlock value from thehistoric Alwin Mine project building upon the exploration dataacquired in GSP’s drilling and modelling programs. Upon completionof the project review, GSP will update shareholders on the nextexploration steps to advance the project. The Alwin project has a5-year area-based drilling permit in place and recent drillingdiscovered some of the highest grades of gold and silver ever reportedin the Highland Valley Camp.”
The Alwin Mine Copper-Silver-Gold property isapproximately 575.72 hectares and is located on the semi-arid,interior plateau in south-central British Columbia. It is adjacentwith the western boundary of Teck Corporation’s Highland ValleyMine, the largest open-pit porphyry copper-molybdenum mine in westernCanada. Alteration and mineralization of the Highland Valleyhydrothermal system extends westward from the Highland Valley mineonto the Alwin property (see GSP’s news release dated January 30,2020).
Qualified Person: The scientific and technical disclosure contained in thisnews release has been reviewed and approved by Christopher I.Dyakowski, P. Geo., a director of the Company and a “QualifiedPerson” as that term is defined in National Instrument 43-101 – Standards of Disclosure forMineral Projects . Mineralization hosted on nearby properties is notnecessarily indicative of mineralization that may be hosted on theAlwin property.
About GSP Resource Corp. : GSP Resource Corp. is a mineral exploration &development company focused on projects located in SouthwesternBritish Columbia. The Company has an option to acquire a 100%interest and title to the Alwin Mine Copper-Gold-Silver Property inthe Kamloops Mining Division, as well as an option to acquire 100%interest and title to the Olivine Mountain Property in the SimilkameenMining Division, of which it has granted an option to earn a 60%interest to a third party .
Contact Information - For more information, please contact:
Simon Dyakowski, Chief Executive Officer &Director
Tel: (604) 619-7469
Email: simon@gspresource.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Forward-Looking Information
This news release contains “forward?lookinginformation or statements” within the meaning of applicablesecurities laws, which may include, without limitation, completion of the review by Apex and the recommended workprogram on the Alwin property, future exploration work on theCompany’s projects, other statements relating to the technical,financial and business prospects of the Company, its projects andother matters . Allstatements in this news release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Although the Company believesthe expectations expressed in such forward-looking statements arebased on reasonable assumptions, such statements are not guarantees offuture performance and actual results may differ materially from thosein the forward-looking statements. Such statements and information arebased on numerous assumptions regarding present and future businessstrategies and the environment in which the Company will operate inthe future, including the price of metals, the ability to achieve itsgoals, that general business and economic conditions will not changein a material adverse manner, that financing will be available if andwhen needed and on reasonable terms. Suchforward-looking information reflects the Company’s views withrespect to future events and is subject to risks, uncertainties andassumptions, including the risks anduncertainties relating to the interpretation of exploration results,risks related to the inherent uncertainty of exploration and costestimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile onSEDAR at www.sedar.com . Factors that could cause actualresults to differ materially from those in forward looking statementsinclude, but are not limited to, continued availability of capital andfinancing and general economic, market or business conditions, adverseweather conditions, failure to maintain all necessary governmentpermits, approvals and authorizations, failure to maintain communityacceptance (including First Nations), decrease in the price of copper,gold, silver and other metals, increase in costs, litigation, andfailure of counterparties to perform their contractualobligations. The Company does not undertake toupdate forward?looking statements or forward?looking information,except as required by law.
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