Gespeg Announces Sullipek Property 43-101 Inferred In-Situ Mineral Resource Of 2.24 Million Tonnes At 1.09% Cu
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For Immediate Release
Gespeg Announces Sullipek Property 43-101 Inferred In-Situ Mineral Resource Of
2.24 Million Tonnes At 1.09% Cu
Saskatoon, Saskatchewan, February 2, 2017 - GESPEG COPPER RESOURCES
INC. (TSX-V:GCR) (the “Company” or “Gespeg”) is pleased to announce a National
Instrument 43-101 ("NI 43-101") Inferred Mineral Resource Estimate for the 100%
owned Sullipek Copper-Molybdenum Porphyry Project (the “Property”).
This technical report was prepared by GoldMinds Geoservices Inc. to support the
disclosure of a mineral resource estimate according to the guidelines set under “Form 43-
101F1 Technical Report” of National Instrument 43-101 Standards and Disclosure for
Mineral Projects.
Highlights
• The Property hosts a copper mineral resource of 2.24 Million tonnes at 1.09% for
in situ total
copper of
24,400 tonnes;
• Recovery of mining loss applied;
• The Property is located at approximately 130 km west of Gaspé and less than 40
km west of Murdochville on the southern boundary of the Gaspésie national park.
The closest major town is Saint-Anne-des-Monts which is located approximately
70 km from the Property to the northeast;
Property Classification Tonnage/t Grade
Cu/%
In-Situ Cu
Content/t
Sullipek Inferred 2,240,000 1.09 24,400
Press-release 17-01
• The Property covers an area of 216.54 ha (2.16 km2) and is made of 7 contiguous
claims forming an L shape. The claims are 100% owned by Gespeg. The Property
is located within the Vortex project which comprises 130 claims covering an area
of 68 km2.
The mineral resource model has been prepared using 349 historical drill holes, where 3
main copper mineralized envelopes were defined. C omposites of 1.5 meter were used.
The interpolation of grades is made by inverse square distance with a minimum of 3
composites. The 5 meters cubic blocks weight 337.5 tonnes. The ellipsoid has its long
axis NNW-SSE, medium axis vertical and short ENE, dimension is 60m x 40m x10m.
The input mineral resources parameters used and consider reaso nable propect of
economic extraction are:
• A copper price of $2.50 Can/lbs;
• Mining cost of $3/t;
• Processing cost + G& A of $20/t;
• Processing recovery of 90%;
• Mining recovery of 95%;
• Slope angle of 45 degrees;
• Cut-off grade of 0.4% Cu
Qualified Person
Claude Duplessis, P. Eng., of Goldminds Geoservices Inc., a geological, environmental
and mining consultant, is an independent qualified person in accordance with National
Instrument 43-101, has prepared and approved the technical content of this news release.
About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus
on copper, especially in a grossly underexplored region “Gaspé, Québec”. With a
dedicated management team, the Company’s goal is to create shareholder wealth through
the discovery of new deposits.
GESPEG COPPER RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.380.5610
514.702.9841
FORWARD LOOKING INFORMATION
Some of the statements contained in this press release are forward -looking statements and information
within the meaning of applicable securities laws. Forward -looking statements and information can be
identified by the use of words such as “expects”, “int ends”, “is expected”, “potential”, “suggests” or
variations of such words or phrases, or statements that certain actions, events or results “may”, “could”,
“should”, “would”, “might” or “will” be taken, occur or be achieved. Forward -looking statements and
information are not historical facts and are subject to a number of risks and uncertainties beyond the
Company’s control. Actual results and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward -looking statements contained in this news release. Accordingly,
readers should not place undue reliance on forward -looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any forward- looking statements, except as may be
required by law.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
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