GSP Samples 348 g/t Silver and 12% Copper at New, Near Mine, Expansion Targets at Alwin Mine and Mer Properties
- Rushed surface sample assays from new targets recently explored at Alwin and Mer Properties included assays of 348 g/t Silver and 12% Copper
- Additional rock and soil sample results are pending
thenewswire.com
News Release - Vancouver, British Columbia – TheNewswire - October 28, 2025: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces initial rush assay results from its recently completed Fall 2025 geologic reconnaissance targeting program at the Mer Porphyry and Al conductor targets, in addition to the newly discovered high-grade silver-copper Apex target within the Alwin Mine Zone (see GSP resources Corp. News release dated September 16, 2025).
An initial 10 select surface rock grab sample were submitted for rush assay with highlights of the initial samples as follows (Figure 1, and Table1):
- 348 grams-per-tonne (g/t) silver (Ag), 11.9% copper (Cu); and 104 g/t Ag, 1.2 g/t gold, and 4.2% Cu from the Apex Zone.
- Alwin Mine and nearby historic “Area D” trenches yielded high grade assays of 5.5% Cu and 35 g/t Ag, and 1.6% Cu in outcrop and trench float.
- Little OK Lake float exposed in road cuts yields 2.58% Cu and 1.62% Cu.
- Mer Porphyry Zone returned outcrop samples returning 0.52% Cu and 0.33% Cu.
Details of Current Exploration
The 2025 Mer and Alwin Mine geologic reconnaissance program comprised of the collection of 60 surface rock outcrop and float samples as well as 204 targeted grid soil samples. This exploration program represents the first surface work to be conducted on expansionary exploration targets outside the Alwin Mine resource area since 2008. Within the Alwin Property, there are numerous historic trenching and drilling areas for which there are little to no assay documentation available. Much of the historic exploration at Alwin occurred during the 1960’s, 70’s and 80’s. Recently, clear-cut logging and road construction has re-opened access to these historic exploration sites.
Historic Data Compilation Yields New Targets
Historic data compilation for the Mer porphyry and Apex targets highlights the significant near mine exploration potential that remains.
At Mer, ca. 1970’s diamond and percussion drilling and extensive caterpillar trenching sites were re-located (see GSP Resource Corp. news release dated March 13, 2025) and an area of malachite-chalcopyrite mineralized granodiorite was sampled, and a detailed soil grid was established to expand the potential drilling target (Image 1).
At the recently re-discovered Apex Zone, located 40 metres off a modern logging road, historic 1977 diamond drill logs lacking assay records documented a 2.6 metre core-width chlorite-sericite, pyrite chalcopyrite mineralized alteration zone including a quartz-carbonate vein containing 6-10% chalcopyrite. The trench zone targeted by the 1977 drilling was located with the aid of historic geologic maps and modern satellite imagery (Image 2).
Table 1: Mer and Alwin Mine Property Rush Surface Rock Sample Results
Sample ID
| Area
| Type
| Ag (g/t)
| Cu (%)
| Au (g/t)
| Description
| E01957
| Mer
| outcrop
| 2
| 0.52
| -
| Granodiorite, malachite-chalcopyrite
| E01958
| outcrop
| 2
| 0.33
| -
| E01978
| Apex
| outcrop
| 8
| 0.72
| 0.11
| Quartz vein, mal.-cpy.-bornite
| E01984
| trench float
| 348
| 11.85
| 0.19
| E01985
| trench float
| 104
| 4.14
| 1.18
| E02000
| Area D
| trench float
| 2
| 1.62
| -
| Vuggy, highly altered hematite-limonite, granodiorite, mal.
| E02002
| Little OK Lake
| float
| 7
| 1.62
| -
| Road cut float, mal.-cpy.-born., chlorite altered felsic intrusive
| E02003
| float
| 3
| 2.58
| -
| E02007
| Alwin Mine
| outcrop
| 35
| 5.52
| -
| Upper Portal area open cut, mal.-azurite, cpy.
| E02008
| outcrop
| 1
| 2.08
| -
|
Click Image To View Full Size
Image 1 and 2: Examples of intrusive and quartz vein-hosted copper-silver mineralization at the Mer and Apex targets
Figure 1: Mer and Alwin Mine Property Rush Surface Rock Sample Results
Click Image To View Full Size
Methodology and QA/QC
The analytical work reported on herein was performed by ALS Global (“ALS”), Vancouver, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of GSP Resource Corp. and the QP. Rock samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. Base and precious metals were determined via four-acid digestion 33 element ICP-AES geochemistry and overlimit values for copper (>1%) and silver (100 g/t) were analyzed via four-acid digestion ICP-AES or AAS.
Rock grab samples are selective by nature and as such are not necessarily representative of mineralization or grades across defined intervals. Continued exploration including but not limited to trenching and/or diamond drilling will be required to confirm the grade and continuity of mineralized zones. GSP Resource Corp. has relied on the internal quality assurance/quality control (QA/QC) measure of ALS which includes the insertion of standard, blank and duplicate samples into the sample stream to confirm the accuracy of the reported results. GSP Resource Corp. detected no significant QA/QC issues during review of the data, and is not aware of any sampling, or other factors that could materially affect the accuracy of the results.
Qualified Person: The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), principal and consultant of APEX Geoscience Ltd. of Edmonton, AB, a consultant to the Company and a “qualified person” as 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 located in Southwestern British Columbia. The Company owns 100% interest and title to the Alwin Mine Copper-Gold-Silver Property, and the Mer Property, in the Kamloops Mining Division, as well as a 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division.
For more information, please contact:
Simon Dyakowski, Chief Executive Officer & Director
Tel: +1 (604) 619-7469
Email: simon@gspresource.com
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 ongoing and planned work, advancing the Alwin and Mer Properties, the potential presence of mineralization at the Alwin and Mer Properties, further evaluation of potential mineralization at the Alwin and Mer Properties, 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 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, and those 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. |
