Categories: Precious Metals / Mining Stocks
Topics: Gold Stocks / Copper Stocks

GSP Resource Corp. (TSX-V: GSPR)(OTC: GSRCF) CEO Simon Dyakowski on Drilling at Alwin-Mer - Targeting High-Grade Gold & Porphyry Copper, Highland Valley, BC

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of GSP Resource (TSX-V: GSPR)(OTC: GSRCF), Mr. Simon Dyakowski. Simon, it's great to have you back on. Exciting time, sir. You are drilling your high-grade gold and porphyry copper project. You've worked extremely hard to get the company in a position where the drill bit is finally turning. You're following up on some pretty impressive holes from back in late 2024, that included 5.04 grams per tonne gold and 1.01% copper over 7.90 meters. So, congrats on getting the program going. I'd love for you to provide some context on what you're doing.

Simon Dyakowski: Yeah. Hey, thanks a lot for having me on and it's an exciting time for us and it has taken a little bit of work to get us here. So, yeah, our team's been great, working really quickly, to get the drill turning. And so, the stars aligned for us. I mean, we're up in the peak of the exploration season now in British Columbia, but we were able to get a rig relatively quickly where, just for some context, the property Alwin-Mer is located in the shadow of Highland Valley Copper, but more broadly it's in South Central British Columbia, a little bit southwest of the city of Kamloops. So, this proved to be great for us because there are lots of contractors and service providers that are based in that part of BC, and they obviously span out in many directions during the exploration season. But, we were able to source a drill rig right from Logan Lake, and there were actually two companies based here that were competing for the business.

So, we're basically able to close the financing, get the permits lined up, get the contract signed, and start drilling within a matter of a couple of weeks, which is great. I mean, it happened fast and now we're drilling. I was just up to site over the weekend kind of looking at the startup, and so we're starting on this drill campaign. It's a combined program, and so it's a little bit, I think, more interesting than what we've done in the past. Not only is it more meters, but it's two separate targets and one of them is true first-pass drilling. And so, let me break that down for you. The first target is not first-pass drilling, but it's hopefully going to be expansionary. And this is following up on the gold discovery on the west side of the Alwin deposit, which we, as you mentioned, made in late '24 and hit outside of our pit shell and outside of our known mineralization boundary.

We hit about 8 meters, or 7.9 meters, of 5 grams gold and 1% copper. So, we're drilling at least three holes in an array stepping out from that to better understand the structure and see if it's continuous in other directions. So, that's exciting. That'll be first up.

And then, the second phase of this first phase of drilling, or the second half of it, let's call it, will be first-pass drilling of the Mer, and this is a target that's about two to three kilometers away as the crow flies from where the drill is sitting now, to the northwest. And this is following up on some historic drilling from the 1960s, and surface work, and sampling, and mapping that we've conducted that seems to indicate the presence of more porphyry-style versus high-grade, vein-hosted, disseminated porphyry-style mineralization, which is the big, big prize up in the Highland Valley.

And this is where you see, on Google Earth or flying over from 35,000 feet, where you see these five giant open pit mines there. So, that's some upside there, that will be tested over the next few weeks on the second half of this first phase of drilling. So, quite an action-packed June, July we're setting up for and we were just up there. I'll probably go up again next week and keep everybody updated regularly as to our progress.

Gerardo Del Real: What are you thinking, in terms of turnaround times with the labs? We talked a bit off-air and I was mentioning to you that, even though it's the summer doldrums, there's a lot of really good exploration going on that I think, if you make discoveries of significance, it's going to be richly rewarded. And so, how is the turnaround anticipated with the labs?

Simon Dyakowski: Well, that's a great question and, honestly, I don't have a firm answer. I can tell you this, we're shipping our samples directly to Kamloops, and so we're bypassing Vancouver, so we're going to try to get them in as fast as we can. And we're splitting and sampling right now as soon as the core is being brought out of the ground. So, it'll be a matter of weeks, but I would anticipate that we get a lot of samples in before the sort of late-summer crush comes into these various labs. We use ALS and ship directly to Kamloops. So, I'm cautiously optimistic that it won't be too, too long, but we are in line with everyone else, ultimately.

Gerardo Del Real: Well, no, listen, where's the market cap today? I want to give people a little context on the potential runway here.

Simon Dyakowski: Yeah, it's about seven million today, so it's quite a microcap valuation.

Gerardo Del Real: Yeah. Well, listen, you're drilling for high-grade gold, you're drilling for some copper and the porphyry, the prize, as you called it. Excited to get those assays back and excited to have you back on, Simon. Anything to add to that?

Simon Dyakowski: Yeah, look, I mean, just because the assays might not be back within days, we will have more updates for the market, so it's not going to be just quiet and you won't hear from us. So, I would encourage potential investors and shareholders to follow along regardless. I do anticipate a bit of news and, obviously, we'll try to keep people up to date through our social channels as best we can, as well.

Gerardo Del Real: Excellent. Simon, thank you so much.

Simon Dyakowski: Thank you for the time today. I really appreciate it.

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