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News Release -
All five 2023 drill holes exhibited visual sulphide mineralization intervals interpreted to be part of or adjacent to the historic 4 Zone(Table 1; Figures 1, 2). Observed pyrite, chalcopyrite, bornite, and molybdenite mineralization exhibited structurally controlled (in the form of mm to cm-scale vein sets, fracture, and fault infill), as well as fine to coarsely disseminated, domanial and blebby textures.
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Figure
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Figure
GSP’s President & CEO,
A total of 5 HQ-size diamond drill holes were completed totaling 640 metres. Drilling was completed from three sites along a strike length of approximately 100 m including the upper and lower levels of the 4 Zone (Figure 3; Table 1). Drill core samples included implementation of Quality Assurance & Quality Control (QA/QC) procedures including the insertion of blanks, standards and core duplicates at regular intervals into the sample stream. Drill core samples were submitted to
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Figure 3: Plan Map of Surface Expression of
Table1 Alwin 2023 Core Drilling Significant Mineralization and Alteration
Hole ID | Target (m below surface) | From (m) | To (m) | Drilled Interval (m) | Alteration | Mineralization |
AM-23-01 | 4 Zone 130 – 140 m | 44.2 | 46.3 | 2.1 | Moderate to intense patchy to pervasive potassic, patchy chloritic, sericitic facture infill alteration | Disseminated and blebby pyrite, finely disseminated chalcopyrite |
AM-23-01 | 4 Zone 130 – 140 m | 138.6 | 148.1 | 9.5 |
Varying intensity of chloritic, potassic, prehnitic and sericitic alteration | Disseminated, fracture infills, patchy and blebby pyrite, chalcopyrite, molybdenite and bornite |
AM-23-02 | 4 Zone 120 – 130 m | 118.2 | 118.8 | 0.6 | Weak to strong chlorite, sericite and potassic alteration | Disseminated pyrite and bornite; massive chalcopyrite veinlet |
AM-23-02 | 4 Zone 120 – 130 m | 135.1 | 150.3 | 15.2 | Varying intensity of potassic, prehnitic and sericitic alteration | Disseminated, patchy, and blebby pyrite, chalcopyrite and bornite |
AM-23-03 | 4 Zone 160 – 170 m | 107.3 | 110.3 | 3 | Moderate potassic, chloritic and sericitic alteration | Pyrite, chalcopyrite and bornite within <1cm veinlets |
AM-23-03 | 4 Zone 160 - 170 m | 160.4 | 167.3 | 6.9 | Moderate to strong intensity of sericitic alteration | Disseminated, patchy and veinlets of pyrite, chalcopyrite, and bornite. |
AM-23-04 | 4 Zone 30 – 35 m | 29.1 | 33.8 | 4.7 | Varying intensity of chloritic, potassic and prehnitic alteration | Disseminated pyrite, chalcopyrite and bornite |
AM-23-05 | 4 Zone 35 – 40 m | 28.0 | 41.3 | 13.3 | Varying intensity of potassic, sericitic and prehnitic alteration | Disseminated, patchy, stringers pyrite, chalcopyrite and bornite |
About the
The Alwin Property is adjacent with the western boundary of Teck Corporation’s
Qualified Person: The scientific and technical information contained in this news release has been reviewed and approved by
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Email:simon@gspresource.com
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Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation,receipt of assays from the five drill holes, 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 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 respect to future events and is subject to risks, uncertainties and assumptions, including therisks 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, andthose filed under the Company’s profile on SEDAR+ at www.sedarplus.ca.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 businessconditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of copper, gold, silver and other metals, 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.
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