(via TheNewswire)
News Release -
2023 Year in Review Highlights:
Completed the Digital and 3D spatial capture of 646 drill holes totaling 51,304 metres completed from surface and underground between 1967-1981, in addition to 36 recent surface exploration diamond core holes totaling 5,600 metres drilled by the Company and previous operators, representing over
$20 million in present day exploration value assuming all-up drilling costs of$400 /metre, not including underground development costs.Completed a mineralization model generating multiple new untested high priority drill ready targets within the Alwin Mine defining the potential for previously unrecognized moderate west, and shallow east plunging continuity of high-grade copper zones.
Planned and completed a detailed ground magnetic survey and surface diamond drill program. The 2023 drill program consisted of 5 drill holes and was designed to target potential extensions of known high grade copper zones at the Alwin Property located in the Highland Valley Copper Camp of
British Columbia .All five 2023 drill holes exhibited visual sulphide mineralization intervals interpreted to be part of or adjacent to the historic 4 Zone, assay results of the drilling are pending for release in early 2024.
Corporate
Closed private placement financings totaling over
$815,000 .Appointed Mr.
Rodney Stevens , CFA to the Board of Directors and Mr.Allen David V. Heyl ,B.Sc ., CPG., to theTechnical Advisory Board .
Outlook for 2024
Alwin: Report assay results of recently completed field exploration and drilling program.
Alwin: Plan a substantial follow up data interpretation and exploration program to support a potential future resource estimate and test additional targets.
Continually evaluate new opportunities to add shareholder value through the acquisition of projects in the
Americas .
About the
Qualified Person: The scientific and technical disclosure contained in this news release has been reviewed and approved by
About
Contact Information -For more information, please contact:
Tel: (604) 619-7469
Email:simon@gspresource.com
Neither the
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation,the receipt of assay results, the potential future resource estimate and completing additional work on the Alwin property, the evaluation of potential new projects, future exploration work on the Company’s projects, potential resource estimate, potential acquisition of other projects, 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 business conditions, adverse weather and climate 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 contractualobligations.The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source