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GSP Resources Starts Drill Program at Olivine Mountain Project in in Southwestern British Columbia

Mining News - Published on Tue, 19 Nov 2019

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GSP Resource Corp announced that it has commenced the inaugural diamond drilling program at the Olivine Mountain Project in Southwestern British Columbia. The initial ~1000 meter drill program will test five separate Massive copper/nickel sulphide targets across the 3021.87 hectare property. The field crew has constructed core analysis and storage facilities in nearby Princeton, BC, and the drill crew has commenced drilling on the Western flank of the project near the Asp 14 showing. The drill program is testing targets that were identified during the previous field season that included a VLF-EM airborne survey, a soil geochemical survey of the entire property, and mapping and sampling program GSP President & CEO Simon Dyakowski said “We are pleased to have started drilling at the Olivine Mountain project. Weather conditions in the area have been favourable and have allowed field and drill crews to move quickly to mobilize onto the project. We are particularly excited to drill this project as the current campaign will be the first diamond drilling to be completed on the project. GSP's initial drilling will further investigate previous sampling results that confirmed the strong presence of gold and palladium in a geological environment suited to host massive sulphide (copper, nickel, gold, platinum, palladium) deposits in the concentrically layered mafic/ultramafic rocks of the Tulameen Batholith."

Results from a recent rock-chip sampling of three of the proposed drill sites are as follows
Sample 1 - 1.03 g/t Au, 1.526% Cu and > 10.0 g/t Pd (Proposed Hole #5)
Sample 2 - 1.42 g/t Au, 1.38% Cu and 0.34 g/t ppb Pd (Proposed Hole #1)
Sample 3 - 5.91 % Cu (Proposed Hole # 4: Asp 14 Showing)

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Posted By : Rabi Wangkhem on Tue, 19 Nov 2019
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