GSP Resource Corp. Commences Alwin MINE Summer Drilling Program
GSP RESOURCE CORP. COMMENCES ALWIN MINE SUMMER DRILLING
PROGRAM
Vancouver, British Columbia – June 3, 20 21: GSP Resource Corp. ( TSX-V: GSPR ) (the
“Company” or “GSP”) announces that it has commenced a fully financed summer drill program at
its Alwin Mine Copper-Silver-Gold Project. The summer program will consist of a minimum 1,500
meters of diamond drilling designed to test deep targets within the Alwin Mine . GSP intends to
utilize the recently completed 3D digital model of the Mine data (see news release date May 19,
2021) to guide the upcoming program which will consist of drill holes ranging between 250m and
350m in length . The planned d rill holes are intended to test both unmined narrow high grade and
intervening and outboard lower grade portions of the Alwin deposit. The deeper bornite-covellite-
chalcocite portions of the deposit also hosts favourable gold and silver mineralization.
Link to Alwin Mine 3D Model Image
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 meters long by 300 meters deep by 200 meters 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.
In addition to the main Alwin Mine target the property hosts several incompletely explored porphyry
copper-molybdenum exploration targets to the north and west of the mine. The Alwin deposit’s
known east end is less than 2.5 km west of and 270 metres higher than the Valley pits west edge of
Teck Corporation’s Highland Valley Mine, the largest open-pit porphyry copper- molybdenum mine
in Canada. The Highland Valley Mine had a reported 0.278% copper head grade according to a 2019
presentation ( https://www.teck.com/media/Teck-Highland-Valley-Copper-Site-Visit-2019-HVC-
Presentation.pdf) and Teck Resour ce’s 2020 Annual Information Form (“AIF”) filed on SEDAR
reports mineral reserves at the Highland Valley mine using a 0.09% CuEq cutoff grade.
Qualified Person: The scientific and technical disclosure contained in this news release has been
reviewed and approved by Leopold J Lindinger, P. Geo, a consultant of the Company and a
“Qualified Person” as that term is defined in National Instrument 43 -101 – Standards of Disclosure
for Mineral Projects . Mr. Lindinger verified the data underlying the information and opinions
contained therein . Mineralization hosted on nearby properties is not necessarily indicative of
mineralization that may be hosted on the Alwin property.
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. GSP also owns 100% of the Olivine Mountain Property in the Similkameen Mining
Division of which it has granted an option to earn a 60% interest to a third party.
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 , completing the planned drilling on the Property , expanding mineralization and
deposits, 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 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 a ssumptions 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 respect to future events and is subject to risks, uncertainties and assumptions, i ncluding 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, continue d availability of capital and financing and general
economic, market or business conditions, adverse weather conditions, decrease in the price of copper and gold, failure to
maintain all necessary government permits, approvals and authorizations, failure t o 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 informa tion,
except as required by law.