GSP Resource Corp. Commences Alwin Copper Mine Fall 2021 Drill Program
GSP Resource Corp. Commences Alwin Copper Mine Fall 2021 Drill Program
News Release - Vancouver, British Columbia – October 26, 2021: GSP Resource Corp. (TSX-V:
GSPR) (FRA: 0YD) (the “Company” or “GSP”) announces that the Fall 2021 drilling campaign at
the Alwin Mine project (the “Alwin Property”) located in the Highland Valley Copper Camp of
British Columbia has commenced.
The approximate 1000m drilling program is designed to further test the bulk tonnage grade potential
north of the Alwin deposit with 3 diamond drill holes collared from the north of the historic deposit.
The current drill program follows up on a 5-hole summer program that totalled 1,439 metres testing
the bulk tonnage Copper potential of unmined mineralization within and surrounding the historic
Alwin mine (please see news release dated October 14, 2021).
Alwin Summer 2021 Drilling Program Bulk Tonnage Grade Highlights:
➢ Hole AM21-05 - 0.61% CuEq over 164.6 m;
➢ Hole AM21-02 – 0.14% CuEq over 176.7 m;
➢ Hole AM21-01 – 0.21% CuEq over 229.7 m, including:
o 0.28% CuEq over 158.5 m
o 0.48% CuEq over 79.3 m
Figure 1: Alwin Mine Project with Highland Valley Copper in background
Link to image above
About the Alwin Mine Project: The 575.72 hectares Alwin Mine Copper -Silver-Gold property is
located on the semi-arid, interior plateau in south-central British Columbia. The historic underground
mine, which was developed over 500 metres long by 300 metres deep by 200 metres wide volume
produced from 1916 to 1981 from five major subvertical zones 233,100 tonnes that milled 3,786
tonnes of copper, 2,729 kilograms of silver and 46.2 kilograms of gold. The average diluted head
grade was 1.5 % copper. Gold and silver content associated with bornite increase with depth within
the individual mineralized zones.
Qualified Person: The scientific and technical disclosure contained in this news release has 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 Projects.
About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company
focused on projects loc ated 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. GSP also owns 100% of 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, additional drilling planned for the Alwin project in 2021, bulk tonnage potential
of the Alwin project, other statements re lating 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 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 materia lly from those in the forward -looking
statements. Such statements 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 abi lity to achieve its
goals, that general business and economic conditions will not change in a material adverse manner and 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 the risks and
uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration
and cost estimates and the potential for unexpected costs and expenses . 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, failure to secure pe rsonnel and equipment for work
programs, adverse weather and climate conditions, failure to maintain all necessary government permits, approvals and
authorizations, decrease in the price of copper and other metals, failure to maintain community acceptance (including
First Nations), increase in costs and litigation. The Company does not undertake to update forward‐looking statements
or forward‐looking information, except as required by law.