GSP Resource Corp. Advances Exploration with Five-Year Permit Application for Mer Property

GSP Resource Corp. is preparing to submit a comprehensive five-year area-based permit application to the British Columbia Ministry of Mining and Critical Metals for its Mer Property, located in the Kamloops Mining Division near the Highland Valley Copper Mine. The 185-hectare property, situated approximately 1.5 kilometers northwest of GSP's Alwin Mine Project, is surrounded by Teck Resource's mining claims, creating strategic positioning within an active mining district.

Historical exploration conducted between 1965 and 1971 by Cleveland Mining & Smelting Co. Ltd. revealed significant copper mineralization potential that has remained largely untapped for decades. Previous drilling efforts demonstrated promising copper grades, with historical percussion drill holes reporting intercepts ranging from 9 meters averaging 0.47% copper to 30 meters averaging 0.53% copper. A single diamond drill hole also intersected a mineralization zone averaging 0.29% copper over 24 meters, indicating consistent mineralization patterns across different drilling methods.

The proposed permit application outlines an initial year-one diamond drilling program, with provisions for potential surface disturbance to support expanded drilling in subsequent years. This structured approach allows for systematic evaluation while maintaining environmental considerations. The property benefits from existing logging road access and prior surface exploration, including excavator trenching that exposed copper mineralization, reducing initial development costs and accelerating exploration timelines.

The Mer Property's geological setting within the Chataway and Guichon granodiorite phases of the Guichon Batholith, combined with its proximity to active mining operations, positions it as a high-priority exploration target. No significant exploration has been conducted on the property since the early 1970s, suggesting substantial potential for new discoveries using modern exploration techniques and geological understanding. This represents an opportunity to reassess historical data with contemporary mining technology and methodologies.

Kristopher J. Raffle, a qualified person from APEX Geoscience Ltd., has reviewed and approved the technical information, emphasizing the project's exploratory potential while maintaining scientific rigor. The timing of this application coincides with increased global demand for copper, driven by electrification trends and renewable energy infrastructure development, making the potential discovery of new copper resources particularly significant for regional economic development and critical metals supply chains.