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News Release -
Anticipated workflow is progressing rapidly as follows:
• 3D georeferencing of historical geological plans and sections(COMPLETE)
• Digitization of mineralized polygons, fault traces and point structure(COMPLETE)
• Implicit 3D modelling of shear vein lodes, and fault planes(IN PROGRESS)
• Validation of 3D underground development and mined stope volumes(IN PROGRESS)
• Handoff of finalized geological, mineralization, and mine depletion models to APEX geostatistical and resource estimation team(PLANNED)
• Exploration block modelling, conceptual pit shell and stope optimization(PLANNED)
The APEX team has now progressed to the domaining phase of the 3D modelling exercise, by assigning individual mineralized lode codes to the underground mapping strings and mineralized drill intercepts leading to the development of a series of structurally informed implicit modelled wireframes. Refinement of the implicit model is currently underway, in parallel with analogous development of associated fault planes, and the development of a mined stope and development depletion model.
GSP reports that historic digital data capture and geological modelling completed to date has for the first-time enabled 3D visualization of a well-developed en-echelon shear vein system host to high-grade copper Alwin Mine. The current interpretation indicates the presence of a subvertical East-West trending parent shear zone, within which steeply south dipping tension veins have developed. The intersection of these features has produced steeply southeast plunging continuity of mineralization.
The APEX team is continuing to refine its interpretation of the geologic and structural model for the Alwin Mine, however the information currently available points to the prevalence of predictable shear-hosted vein geometries, which are expected to be readily targetable using structural geological principles. This information represents a significant leap in the Company’s abilityto develop high-conviction drill targets with meaningful potential to drive expansion and discover new zones of high-grade copper mineralization.
This work will build on the recent drilling campaign executed by GSP in late 2023 which returned significant high-grade mineralization including drillholeAM23-01intersected2.42% copper (Cu), 47 g/t silver (Ag), and 0.57 g/t gold (Au) over 12.8 m (3.14% copper-equivalent, CuEq); including5.7 m averaging 5.21% Cu, 103 g/t Ag and 1.22 g/t Au (6.77% CuEq)(see
Figure 1: Updated Alwin Mine Shear System Model Showing Historic Underground Mapping, Faults, and Diamond Drilling Copper Assays >1.5%
Click Image To View Full Size
“With the Copper price recently achieving all-time highs above
About the
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
About
For more information, please contact:
Tel: +1(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,completing ongoing and planned work, develop new drill targets at the Alwin Property, carrying out future exploration work on the Company’s 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 theinterpretation 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 or climate conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to obtain or 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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