GSP Commences Diamond Drill Program at Olivine Mountain Project
GSP COMMENCES DIAMOND DRILL PROGRAM AT OLIVINE MOUNTAIN
PROJECT
Vancouver, British Columbia – November 12, 2019: GSP Resource Corp. (TSX-V: GSPR) (the
“Company” or “ GSP”) is pleased to announce that it has commenced the inaugural diamond
drilling program at the Olivine Mountain Project in Southwestern British Columbia. The initial
~1000 meter drill program will test five separate Massive copper/nickel sulphide targets across the
3021.87 hectare prope rty. The field crew has constructed core analysis and storage facilities in
nearby Princeton, BC, and the drill crew has commenced drilling on the Western flank of the project
near the Asp 14 showing. The drill program is testing targets that were identified during the
previous field season that included a VLF-EM airborne survey, a soil geochemical survey of the
entire property, and mapping and sampling program (see news release dated July 29, 2019).
Results from a recent rock-chip sampling of three of the proposed drill sites are as follows:
- Sample 1 1.03 g/t Au, 1.526% Cu and > 10.0 g/t Pd (Proposed Hole #5)
- Sample 2 1.42 g/t Au, 1.38% Cu and 0.34 g/t ppb Pd (Proposed Hole #1)
- Sample 3 5.91% Cu (Proposed Hole # 4: Asp 14 Showing)
GSP President & CEO Simon Dyakowski stated: “We are pleased to have started drilling at the
Olivine Mountain project. Weather conditions in the area have been favourable and have allowed
field and drill c rews to move quickly to mobilize onto the project. We are particularly excited to
drill this project as the current campaign will be the first diamond drilling to be completed on the
project. GSP’s initial drilling will further investigate previous sampling results that confirmed the
strong presence of gold and palladium in a geological environment suited to host massive sulphide
(copper, nickel, gold, platinum, palladium) deposits in the concentrically layered mafic/ultramafic
rocks of the Tulameen Batholith.”
Qualified person: The scientific and technical disclosure contained in this news release have been
reviewed and approved by Christopher I. Dyakowski, P .Geo, a director of the company and a
qualified person as that term is defined in National Instrument 43 -101 -- Standards of Disclosure
for Mineral.
About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration company focused on
the acquisition, exploration and development of mineral resource properties. The Company has an
option to acquire a 100% interest and title to the Olivine Mountain Property.
Contact Information - For more information, please contact:
Simon Dyakowski, Chief Executive Officer & Director
Tel: (604) 619-7469
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains “forward ‐looking information or statements” within the meaning of applicable securities
laws, which may include, without limitation, statements that address the upcoming work programs and planned
expenditures, use of proceeds, and other statements relating to th e business, financial and technical prospects of the
Company. All statements in this news release, other than statements of historical facts, that address events or
developments that the Company expects to occur, are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ materially from those in the forward -looking
statements. Such statements and information are based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the price of metals, the ability
to achieve its goals, that general business and e conomic conditions will not change in a material adverse manner, that
financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the
Company’s views with respect to future events and is subject to risk s, uncertainties and assumptions, including those
filed under the Company’s profile on SEDAR at www.sedar.com . Factors that could cause actual results to differ
materially from those in forward looking statements include, but are not limited to, continued availability of capital and
financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all
necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First
Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The
Company does not undertake to update forward‐looking statements or forward‐looking information, except as required
by law.