Gespeg Starts Exploration Program at LAC Arsenault GOLD Project
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For Immediate Release
GESPEG STARTS EXPLORATION PROGRAM AT LAC ARSENAULT GOLD PROJECT
Saskatoon, Saskatchewan, September 10, 2020 - GESPEG RESOURCES LTD. (TSX-V:GCR) (the
“Company” or “Gespeg”) , following a successful financing and completing data compilation, Gespeg
is pleased to announce the start of exploration work program (the “Program”) on its 100% owned Lac
Arsenault gold project in the heart of the Gaspé Peninsula of Quebec. Lac Arsenault project has been
enlarged and is now composed of 39 claims covering 2,261 ha and situated south of the Grand Pabos
fault.
The Program includes a low -altitude high -resolution, helicopter-borne magnetic survey, soil sediment
survey, trenching and detailed mapping of old and recent trenches.
The Lac Arsenault property consists of a series of gold-bearing and polymetallic veins (Au-As-Pb-Zn-Cu-
(Ag)), oriented NNE, subvertical up to nearly a hundred meters in length and decimetric to metric
thickness. The most important veins are the Baker vein, the Mersereau vein, the L4W vein and the
Marleau vein (see table 1, 2) and (figure 1 : Map of claims of Lac Arsenault):
Table 1: Main gold veins of the Lac Arsenault property in channel sampling
Vein Exposed
length (m)
Variable
width (m) Direction (°) Average grade
Au (g/t)
Average grade
Ag (g/t)
Baker 45 0.1 to 1.2 10 to 40 13.54 453.94
Mersereau 75 0.2 to 1.6 30 to 40 10.35 113.03
Marleau 76 0.1 to 1.1 5 to 15 5.59 -
L4W 84 0.1 to 3.0 30 1.47 -
Greek 11 0.5 to 3.0 110 to 135 0.65 -
Source: Unpublished report presented by Ressources Appalaches 2005.
All data included in the above has been verified by Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, through researching and compiling all the
reports available for historical data. The company has not re-assayed samples or drill hole intervals. (see press release Sept. 13, 2018)
Press-release 20-12
Table 2: Main gold veins of the Lac Arsenault property in drilling
Veine Drill Hole From
(m)
To
(m)
Length ***
(m) Au (g/t) Ag (g/t) Source
Baker AM1 114.9 115.4 0.5 8.75 91.88 GM 32162
Baker A-2 21.3 22.7 1.4 10 133.59 GM 32162
Baker A-3 29.6 32.8 3.2 3.63 12.28 GM 32162
Baker A-6 21.3 22 0.7 9.38 116.56 GM 32162
Baker A-7 31.5 36.1 4.6 3.44 21.88 GM 32162
Baker A-13 67.4 67.7 0.3 9.69 50.31 GM 32162
Baker A-12 14.8 15.5 0.7 11.88 46.56 GM 32162
Baker F05-01 31.5 32.2 0.7 16.85 96.2 *
Baker F05-01 33.7 34 0.3 3.77 32.4 *
Baker F05-01 34 34.55 0.55 15.9 115 *
Baker F05-02 46.9 47.15 0.25 14.95 151 *
Baker F05-03 56.7 56.9 0.2 11.95 51.1 *
Baker F05-05 46.7 47.5 0.8 4.62 16 *
Baker F05-07 44.05 44.3 0.25 9.47 358 *
Baker F05-07 44.3 44.5 0.2 19.65 25.7 *
Baker F05-07 44.5 44.7 0.2 16.15 65.6 *
Baker F05-28 104 104.5 0.5 7.43 74.3 *
Marleau 86-24 89.9 91.5 1.6 10.72 8.2 GM 45384
Marleau 86-24A 140.5 140.8 0.3 8.5 22.19 GM 45384
Mersereau A-9 39.1 39.3 0.2 3.25 15.31 GM 32162
Mersereau A-10 12 13.2 1.1 1.69 22.5 GM 32162
Mersereau A-19 8.5 9.8 1.2 43.75 29.69 GM 32162
Mersereau 86-14 19.9 20 0.2 7.31 34.38 GM 45384
Mersereau 86-26 25 25.1 0.1 8.5 64.06 GM 45384
Mersereau F05-15 34 34.4 0.4 5.37 13.9 *
Mersereau F05-17 47.2 47.6 0.4 6.74 45.2 *
Mersereau F05-24 25.1 25.6 0.5 4.83 5.3 *
*: Unpublished report presented by Ressources Appalaches in 2005.
**: Technical data not available
***: Drilled length
All data included in the above has been verified by Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, through researching and compiling all the
reports available for historical data. The company has not re-assayed samples or drill hole intervals.
The mineralization was interpreted as mesothermal gold veins with mineralization contained in fault -fill
veins placed in the grauwackes and siltstones of the Arsenault Formation, of middle Ordovician age.
The veins are associated with sinistral, fragile -ductile, NNE-trending shear zones, which correspond to
secondary structures of the Grand Pabos fault, an important dextral strike -slip fault in the south of the
peninsula, located about 500 meters to the north of the property.
The historical work carried out on the Lac Arsenault property leads to the following observations:
• The Baker, Mersereau, L4W and Marleau mineralized veins are spatially associated with brittle-
ductile shear zones (The orientation of the veins is geometrically compatible with sinistral shear
zones oriented between N20 and N40, as found in along the veins in most of the trenches),
• The mineralized veins are described as being shear veins or fault -fill veins associated more
specifically with the N40 sinister shears, themselves satellite faults of the Grand Pabos fault.
• The vein segments oriented at an angle of 45 degrees with respect to the sinistral shear zones
NNE seem more favorable for the deposition of metals,
• Some shear zones are clearly posterior to the veins and the hydrothermal event,
• Extension quartz veins with comb textures oriented parallel to the Baker vein are folded by one
of the N40 sinister shear zones suggesting that some of the N40 shears post-date the mineralized
veins.
The chronological relationships between the veins and the shear zones are imp ortant. It is therefore
essential to undertake a structural study in order to properly characterize the deformation of the veins,
the possible displacements, the orientation of the folds, in order to follow the mineralization in the future.
As such, the Program was designed to include the following:
• Clean existing trenches
• Complete new trenches on areas that returned soil sample anomalies for As and Ag,
targets for lateral extensions of known veins and targets for surface projections of veins
cut from historic boreholes
• Complete detailed structural mapping of historic and recent trenches.
• A soil geochemical survey (horizon b) in order to d efine new targets anomalous in As
and Ag
• A low-altitude helicopter-borne magnetic survey aimed at identifying and interpreting new
structures similar to known mineralized zones.
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”, “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.
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