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GSP Resource Corp. Engages Western Exploration Diamond Drilling for Phase 1 Drilling at Alwin-Mer Properties Targeting High-Grade Gold Expansion & Porphyry Copper, Highland Valley, BC

Junior miner advancing Highland Valley Copper Camp assets

By The Northwire Desk — AI Analysis May 28, 2026 · 07:00 GSPR · 0.12 GSP Resource Corp.

Executive Summary

GSP Resource Corp. has engaged Western Exploration Diamond Drilling Ltd. to commence Phase 1 of its 2026 drilling program at the combined Alwin-Mer properties in British Columbia.
Crews are mobilizing within 10 days of the release date (May 28, 2026).
The initial phase targets high-grade gold follow-up at the Alwin property and new porphyry copper exploration at the Mer property.
Total planned depth for Phase 1 is between 1,200 to 1,500 metres.
A second phase of drilling is anticipated for the fall exploration season subject to results from Phase 1 and market conditions.
Alwin targets follow up on step-out hole AM-24-06 which yielded 5.04 g/t Au and 1.01% Cu over 7.90 metres, including a high-grade interval of 22.93 g/t Au over 1.64 metres.
Mer targets an approximately 175 x 120 metre copper anomaly open to the northwest with rock sampling yielding 0.14 to 1.02% Cu.

Material Impact

The news represents execution of previously announced plans rather than a new discovery or transaction.
This follows the April 29, 2026 announcement which outlined the Phase 1 drilling plan and financing targets ($1 million).
It also follows the May 14, 2026 closing of an over-subscribed private placement raising $1.22 million specifically earmarked for this exploration work.
The mobilization confirms the company is moving from planning to operational execution, which validates the capital raise and permit acquisition (received April 22).
While positive for momentum, it does not contain new grade data or resource estimates that would fundamentally alter valuation immediately.
The market likely priced in the drilling commencement given the financing was closed two weeks prior; therefore, the impact is incremental rather than transformative.

GSPR · Price

Company Overview

GSP Resource Corp. is a mineral exploration company focused on high-grade copper-gold-silver projects in southwestern British Columbia.
Flagship Project: Alwin Mine (Past producer) with an Inferred Mineral Resource of 1.46 million tonnes at 1.08% Cu (34.6 million pounds of Cu).
Secondary Asset: Mer Property, located ~1.5 km NW of Alwin, targeted as a porphyry copper-molybdenum system adjacent to Teck Resources' Highland Valley Copper claims.
Tertiary Asset: Olivine Mountain Project optioned to Full Metal Minerals in South-Central British Columbia.
The company leverages proximity to major operations (Teck) and has secured 100% ownership of the Alwin Mine property ahead of schedule.

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