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

GSP Resource Corp. (TSX-V: GSPR)(OTC: GSRCF) CEO Simon Dyakowski on Expanded Drill Permit & Derisking Copper-Gold Targets for Drilling

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of GSP Resource Corp. (TSX-V: GSPR)(OTC: GSRCF) Mr. Simon Dyakowski. Simon, how are you this morning?

Simon Dyakowski: Hey, I am excellent, sir. Thank you for having me on today. Great to chat again after a couple of months.

Gerardo Del Real: Well, listen, the world has changed since the last couple of months that you and I spoke, but what hasn't changed is we have momentum in the metals market again, right? We had a little bit of a lull and I think a healthy consolidation and a pullback in the gold space, in the silver space, and in the copper space.

And I look at the ticker this morning, you have copper, the spot price is closer to $560. You have gold well above $4,600. Silver's pushing $74, and it looks like all the ingredients are in place for the next leg higher.

That coincides well with the news that you had this morning, the expanded drill campaign. Along with the recent exploration success at the multiple properties in the portfolio, you're going to get some new eyeballs as a result of people feeling more confident now in the metals market that the correction is likely over or near its end, which means that the juniors that have been sold off and that have been hit, and frankly, all of the resource stocks have been hit, are going to start getting new eyes and new bids.

And so, for those not familiar with the company, can you please just talk about the projects and then let's talk about this news here with the new five-year multi-year area of base permit application?

Simon Dyakowski: Yeah. Great timing for us to give a little update. So, as you pointed out, it's been a rough go since, really since late January in the metals space and a lot of these stocks have come off 40, 50%. And I hope that we're now moving into a more positive season for the metals, obviously, seems that way speaking today.

As far as what GSP has been doing, we have filed a permit application for an expanded upcoming drill program. So, last year we had a multi-phase field program. We did a number of different exercises at both the Alwin and Mer property in the Highland Valley copper camp and generated a number of new high priority targets that didn't fall within our existing and current drilling area based permit.

So what we've done with this news today is applied for an expanded permit to hit some of the new zones. And some of the new zones include the Apex zone that yielded up to 350 grams silver, 2.6 grams gold and 1.85% copper in a totally unexplored zone by GSP.

The Mer zone, which is almost permitted, this is part of a separate application, had an expanded copper footprint there. We're looking for more of a porphyry style target there.

We've also expanded the targets near mine to the Alwin. So near mine, meaning outside of our existing resource, so potentially expansionary, outside of the resource, but close to the mine.

And so there we've hit some very encouraging gold and copper results in previous drilling that we want to expand on, including 7.9 meters of five grams gold to 1% copper. Included within that, we hit 1.64 meters of over 22 grams gold and almost 2% copper. So that was some drilling that we did in late '24.

So essentially, we're announcing here plans for an expanded drill program. This will likely take a few months to get the permit in place, but we do have our existing permit, which we can leverage to start drilling when the season reemerges for us.

So all this time's well with a bit of a better pattern in the metals market to get back to work in the spring and summer. It's still quite cold on the property. I'm just looking at the 14-day forecast and there's minus 10 Celsius snow and rain in the forecast.

So we're still a couple months out from wanting to really get up there aggressively, but these are the foundational building blocks to get in for a decent drill program this year.

Gerardo Del Real: No, listen, I've said that I think 2026 has the potential. I mean, you're going to have to prove it, but it has the potential to be a game changing year for GSP.

I got to emphasize what I emphasized a couple of months back when we last chatted, Simon. The market cap is tiny and the potential for a re-rate is very, very real. Where is that market cap right now, sir?

Simon Dyakowski: Yeah, it's about $5 million. It's quite depressed and really the stock has come off on very little volume. I mean, obviously, with the juniors, when there's a little bit of fear in the markets there, tend to be the first to be either sold or for the bids to dry up.

But conversely, when the interest returns, they can move the fastest, as well. So we're about a five million market cap. We have less than 50 million shares outstanding. I think about 48.3 million shares as of today.

We have traded up to almost 30 cents in the run-up in January. So we've given up a lot of the gains, but I think really well positioned here to hopefully go on a little bit of a run as the season for us gets more active and as the metals sector in general rebounds a little bit after this Q1 consolidation that we saw in 2026.

Gerardo Del Real: I think we're in for a banner rest of 2026. And, look, I think you're positioned really, really well for it. Simon, anything to add to that?

Simon Dyakowski: Just keep watching for news. I mean, I recognize that it's been a little slow since January, but we should have more regular updates April, May, and then into our exploration season at the Alwin-Mer.

So, thanks for the opportunity to give a short update, Gerardo, and we look forward to hopefully coming on again soon with some more meaningful updates.

Gerardo Del Real: Looking forward to it. Thank you, sir. Appreciate the time as always.

Simon Dyakowski: Cheers.

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