GSP Intersects Mineralization IN TWO Drill Holes at Olivine Mountain Project and Expands Drill Program to Six Holes from Five
GSP INTERSECTS MINERALIZATION IN TWO DRILL HOLES AT OLIVINE
MOUNTAIN PROJECT AND EXPANDS DRILL PROGRAM TO SIX HOLES FROM
FIVE
Vancouver, British Columbia – November 18, 2019: GSP Resource Corp. (TSX-V: GSPR) (the
“Company” or “GSP”) is pleased to provide the following progress update on the initial diamond
drilling program at its 3021.87 hectare Olivine Mountain Project in Southwestern British Columbia.
GSP had anticipated drilling one 100- meter hole in the vicinity of the Asp 14 showing; however,
drilling at this location was expanded to include a second 100-meter hole. Drill core from the two
drill holes at Asp 14 ha s been logged and split , and samples are currently being shipped to the
laboratory for assay. The drill rig has now been moved approximately 1.5 kilometers Southeast
where it is currently testing four separate targets with four ~200-meter vertical holes. The current
initial drill program is now expected to total six drill holes, up from five previously.
The two completed holes have intersected mineralized rock that was observed as a partially altered
fine-med grained gabbro of the Tulameen mafic/ultramafic complex. Zones of pyrite, chalcopyrite,
and malachite mineralization ranging from disseminated to semi massive have been identified
within an approximately 20 meter thick siliceous shear zone.
GSP President & CEO Simon Dyakowski stated: “We are pleased to have intersected mineralization
on the first two holes of the drill campaign in the area of the Asp 14 showing. Assay results of the
mineralization in this area will be key in determining follow -on work in subsequent phases of
exploration. Weather conditions continue to be conducive to drilling, as such we have been able to
modestly expand Phase 1 drilling with the additional drill hole at Asp 14.”
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 receipt of assay
results, and other statements relating to the business, financial and technical prospects of the Company. All statements
in this news release, other than statements of historical facts, that address e vents 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 Co mpany will operate in the future, including the price of metals, the ability to achieve its
goals, that general business and economic 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 risks, 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, ad verse 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.