Gespeg Identifies Multiple Structural Targets with High Potential FOR Its GOLD Project of LAC Arsenault
GESPEG IDENTIFIES MULTIPLE STRUCTURAL TARGETS WITH HIGH POTENTIAL FOR ITS GOLD
PROJECT OF LAC ARSENAULT
Saskatoon, Saskatchewan, November , 2020 - GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or
“Gespeg”) , is pleased to announce th at it has identified multiple zones at Lac Arsenault that present similar
structural context as the Baker, Mersereau, Marleau and L4W gold veins.
The mapping work that has been recently completed ha s made it possible to develop a conceptual model of the
formation and deformation of the quartz veins of the Lac Arsenault gold project ( see press release of November
3,2020). The gold-enriched zones are developed along deformation corridors, forming mineralized panels oriented
N-S to NNE and composed of shear veins and tension folded veins. These deformation corridors seem to coincide
with secondary structures linked to movements of the Grand Pabos fault, an important dextral structure which cuts
across the Peninsula.
The high-resolution magnetic survey, recently completed by Prospectair Geosurveys, was carried out on flight lines
spaced 50 meters apart for a total of 481 km line. The breaks in the magnetic signal make it possible to identify
multiple N -S to NNE structures, interpreted by Joël Dubé ing., P. Eng, engineer specializing i n geophysics at
Dynamic Discovery Geoscience. These demonstrate similarities to known mineralized zones that align with breaks
in the magnetic signal. The indirect approach is to follow along these possible brittle / ductile structures via
prospecting or other exploration techniques.
Press-release 20-16
Mr. Sylvain Laberge, President and CEO of Gespeg states “We are pleased with the results of the geophysical
program. Our team is using these modern tools for the first time at Lac Arsenault. The results are clarifying the
direction of future exploration and greatly increasing the probability of new discoveries in the region.”
As was disclosed in the Company’s press release of November 18, 2020, an induced polarization survey has been
completed at Lac Arsenault. Results from that exploration program will be reported once all the correlation of all
the data collected has been completed.
About Lac Arsenault Project: The property is located along the Grand Pabos fault, in the south-eastern part of the
Gaspé Peninsula. Its immediate environment reveals a series of superficial magnetic anomalies, drained by the
Grand Pabos fault from a mass buried at great depth. The research, carried out in 2014 by the Consorem, concludes
that the intersection of the geochemical targets (favorable rocks) and of the geophysical analysis with the analysis
of the streams sediments make it possible to identify several very favorable zones for deposits of the porphyry type
(skarns) and the “Reduced Intrusion -Related” type Gold Systems ”(RIRGS) along the Grand Pabos fault. The
mineralization observed and interpreted as mesothermal gold veins placed in secondary deformation corridors at
the Grand Pabos fault, could originate in the environment of these types of deposit.
About Gespeg Resources Inc.: Gespeg is an exploration company with a focus in strategic and energetic metals
and underexplored regions “Gaspé, Chibougamau Québec”. With a dedicated management team, the Company’s
goal is to create shareholder value through the discovery of new deposits.
Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term is defined
in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed and approved the
technical disclosure contained in this news release.
GESPEG RESOURCES LTD.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.702.9841
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”, “intends”, “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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