GSP Resource Corp. Completes 3D Model of Alwin Mine

•  3D interpretation will help target shallow, high-grade copper mineralization initially

•  GSP has also applied for permits to test deeper porphyry targets

VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (the “Company” or “GSP”) is pleased to report that the 3-dimensional digital model of the shallow unmined portion of the #4 north zone of the Alwin Mine has been completed.  The data sources for the model included sectional and plan information from past operators of the mine from 1967 to 2008.  GSP intends to utilize this data in final planning and implementation, once permitting has been completed, of the upcoming shallow drilling program to both confirm historic intersections and improve definition of the zones as a prelude to developing a potentially open pit mineable resource.

3D Model Highlights - #4 Zone:

The 3D digital model focused on the Alwin Mine #4 north zone that consists of 2 major sub-zones:

1. #4 North east  zone - The largely unmined upper portion of the #4 North east zone which has been modeled as a 140 meter long by 75 meter high west trending subvertical body.  The average thickness of the #4 south zone with a 1.0 % copper cutoff is 3.2 meters.
    
2. #4 North west zone - The largely unmined portion of the WNW striking upper #4 North west zone occurs north of and west of the 4 South zone, is 100 meters long, 50 meters high and is also subvertical. It has an estimated average width of 3.2  meters at a 1.0 % copper cutoff.

Image Link: Alwin #4 Zone Long Section

Image Link: Alwin #4 Zone Plan View

Image Link: Alwin #4 Zone Horizontal WSW

Image Link: Alwin #4 Zone Scaled

Both zones are associated with smaller subparallel zones and occasional lower grade but wider zones such as near true width 7.6 meters intersection grading 1.1 % copper in a 1993 trench over the top of the 4N zone and 4S zone intersections grading 2.2% copper over a horizontal (near true) width of 5.5 meters in historic hole 67-28 near the east end, and 3.49% copper over a near true horizontal width of 4.3 meters in historic hole U-348 near its west end.  Both intersections are only 30 meters from surface. Both upper portions overlie stopes but their lower portions extend for at least another 150 meters with various amounts of mining completed.