GSP Resource applies for five-year permit for Alwin

Executive Summary

• GSP Resource Corp. has submitted a new five-year area-based permit application to the B.C. Ministry of Mining and Critical Metals for the Alwin mine project to allow for expanded drill testing of new exploration targets.
• The company highlighted significant exploration success from 2024 and 2025 campaigns, including the discovery of a new high-grade gold zone and identification of potential underlying porphyry sources.
• Recent geochemical and geophysical surveys indicate opportunities to expand existing mineral resources and suggest the presence of an undiscovered porphyry system at the Alwin property.

Key Details

• Permitting: Submitted a new five-year multiyear area-based permit application to the B.C. Ministry of Mining and Critical Metals for the Alwin mine project. The current Mines Act permit only covers drilling activities; the new permit would allow expanded drill testing of newly identified exploration targets and already-permitted near-mine areas.
• Drilling Results (AM-24-06): Discovery of a new high-grade gold zone assaying 5.04 g/t Au and 1.01% Cu over 7.90 metres, including a higher-grade interval of 22.93 g/t Au and 1.82% Cu over 1.64 metres. This suggests a unique high-grade gold subset of mineralization.
• Geophysical Survey (Summer 2025): NSAMT survey identified an untested deep conductive anomaly in the northern portion of the Alwin property, potentially indicating an underlying porphyry source for the high-grade copper-gold-silver mineralization.
• Surface Sampling (Fall 2025 - Apex Zone): Rock grab samples from the high-grade Apex zone yielded 1.85% Cu, 348 g/t Ag, and 2.6 g/t Au.
• Surface Sampling (Fall 2025 - MER Zone): Widespread moderate copper values returned from the MER zone.
• Hyperspectral Analysis: TerraSpec analysis of samples showed muscovite and chlorite compositions at MER indicative of a high-temperature proximal porphyry environment, and a peripheral porphyry environment at Alwin, supporting the potential for an undiscovered porphyry system.
• Geochemical Results (Fall 2025): Soil geochemical results expanded the surface copper zone at the nearby Mer property and highlighted near-surface in-pit resource expansion potential at the Alwin mine.
• Qualified Person: Kristopher J. Raffle, PGeo, principal and consultant of Apex Geoscience Ltd., reviewed and approved the scientific and technical information.

Notable Quotes

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