Gespeg Increases Their Land Position in the Gaspe and Chibougamau Projects
Gespeg Increases Their Land Position in the Gaspe and Chibougamau
Projects
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UNITED STATES
SASKATOON, Saskatchewan, Jan. 15, 2020 -- GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”),
is pleased to announce that, following the evaluation of the region, it has increased its land position North West of the
Municipality of Chandler by staking 137 additional claims. The project, known as the Native Copper Project, is now
composed of 156 claims divided in 4 sectors Native Copper South, North-West, North-East and Central and has five (5) known
indicators:
• Ruisseau Bleu,
• T.Nelson 1 and 2,
• Riviere St-Jean South,
• Route 102 S-W and
• Jean-Baptiste Beaudin. (Native Copper project Figure1).
The project is part of the Mont Alexandre syncline, associated to an important metallotect volcanic horizon part of the Lake
McKay Member, which lies within the greenstone belt present in the Gaspe Peninsula. The Lake McKay Member is situated
at the bottom of the West Point Formation and associated to an assemblage of volcaniclastic material, conglomerates and
sandstones with some minor interbedded lavas. This type of volcanic horizon is known to generate multiple mineralized copper
zones. The greenstone belt has already shown 9 indicators in the area, it appears that the obvious model for these types of
mineralization is the Keweenaw Peninsula native copper model.
Gespeg also reports that, following continued detailed geological review, the company has also increased it’s position on the
Davidson Project (see press release of October 3, 2019) to a total 29 claims, situated south of the past producing mine Icon
Mine. When operational, the Icon Mine produced 1,616,567 t @ 3.07% Cu. The property is adjacent to Route 167 North East
of Chibougamau and has three (3) know copper indicators:
• Clero,
• Blondeau, and
• Bouzan-Cuivre, (Davidson project Figure2)
Mr. Sylvain Laberge, President and CEO of Gespeg, remarks "We are pleased to increase our land position in these new
projects. It furthers our mandate and goal to explore underexplored regions".
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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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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