GSP Resource Corp. Announces Drill Permitting Underway at the Alwin MINE Copper-GOLD-Silver Project
GSP RESOURCE CORP. ANNOUNCES DRILL PERMITTING UNDERWAY AT THE
ALWIN MINE COPPER-GOLD-SILVER PROJECT
Vancouver, British Columbia – February 20, 2020: GSP Resource Corp. ( TSX-V: GSPR) (the
“Company” or “GSP”) is pleased to announce that drill permitting is currently underway on the
Company’s Alwin Mine project. The Alwin Mine property is approximately 575.72 hectares and is
adjacent with the western boundary of Teck Corporation’s (TSX:TECK.B) Highland Valley Copper
Mine, the largest open -pit porphyry copper -molybdenum mine in western Canada. Alteration and
mineralization of the Highland Valley hydrothermal system extends westward from the Highland Valley
mine onto the Alwin property. GSP recently received a large amount of information regarding previous
exploration, drilling, and mining. The Company’s immediate plan is to dig itize all data regarding the
Alwin Mine property and to produce a 3- dimensional model of mineralization in order to determine the
best way to proceed with the property’s development (see news release dated January 30, 2020). Upon
receipt of permits, it is expected that the next phase of exploration will include drilling around and beneath
the Alwin mine workings.
Qualified Person: The scientific and technical disclosure contained in this news release has been
reviewed and approved by Chris topher 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 Projects.
About GSP Resource Corp. : GSP Resource Corp. is a mineral exploration & development company
focused on projects located in Southwestern British Columbia. The Company has an option to acquire a
100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division,
as well as an option to acquire 100% interest and title to the Olivine Mountain Property in the
Similkameen Mining Division.
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, completion of 3-dimensial model of the Alwin Mine Project, conduct exploration
work on the Alwin Mine Project, other statements relating to the technical, financial and business prospects of the
Company, its projects and other matters. 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 stat ements. 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 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 re spect 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, adverse weather conditions, failure to
maintain all necessary governme nt 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 fo rward‐looking statements or forward‐looking information,
except as required by law.