Featured Company /
GSP Resource Corp.
On the eastern seaboard of Canada is Voisey’s Bay, host to an eponymous mine that is considered one of the most significant mineral discoveries in Canada in the last half century with more than 141 million tonnes at 1.6% nickel. Located in the northern part of Newfoundland and Labrador on the Labrador Sea, the mine has its challenges with infrastructure. About 6,000 kilometers to the northeast is Norilsk, Russia, with its similar geology blessed with a cornucopia of minerals. Of course, located in the Artic Circle and buried under snow and darkness of polar winters, Norilsk doesn’t exactly have optimal mining conditions.
The remoteness of these world-class projects doesn’t deter investment, as measured by Vale moving ahead with its underground mine at Voisey's Bay, a commitment that will extend the mine’s operating life by a minimum of 15 years.
It also leaves investors hungry for similar geology and resources in areas with better infrastructure for the massive opportunity that could present. Management at GSP Resource Corp. (TSX-Venture:GSPR) believes it may have just that with its Olivine Mountain Project located in the Interior Plateau area of South Central British Columbia, 25 kilometers northwest of Princeton.
Olivine’s claims are underlain by rocks of the Alaskan-type Tulameen Mafic/Ultramafic Complex, making it one of the only locales in southern B.C. that offers the potential of discovering a commercially viable nickel deposit such as those discovered in Voisey’s Bay, Labrador or Norilsk, Russia. Years of exploration activity, including finding placer gold, platinum and palladium in the Tulameen River and bedrock showings of copper, nickel, gold and platinum, further validate the contention for the possibility of a major discovery.
Backstopped by this knowledge, the target model at the 2,455-hectare Olivine project is a massive copper/nickel sulphide deposit with significant content of platinum, palladium and gold in mafic to ultramafic rock.
Select samples from Olivine demonstrate the project’s potential. For example, certain samples from the Asp Showing graded 2%-4% copper. A single sample from the Showing confirmed the presence of significant contents of not only copper, but also gold and palladium and anomalous contents of platinum, nickel and cobalt.
With respect to the Hop Showing, a selected sample of high-grade chalcopyrite stringer assayed 23.0 grams per tonne gold, 89.5 grams per tonne silver and 7.49% copper.
Currently, GSP has set milestones for the first quarter of 2019, including soil sampling, a geophysical survey, mapping and other exploratory works to define drill targets at Olivine. The data will be added to previous work that outlines conductive and magnetic bodies to provide a broad area for a detailed ground survey. Drilling is anticipated for sometime during the first half of the year.
Speaking of milestones, the company just announced after the market close today that it had completed its geochemical sample program on the Olivine Mountain Property.
The initial phase of work consisted of a geochemical sampling program of approximately 1,760 samples completed over the entire grid area. Geochemical samples were collected at 50 meter intervals along all lines. The samples are currently being analyzed at MS Analytical located in Langley, BC, with batches of results expected to be completed over the first quarter of 2019. Samples are being analyzed for 36 element ICP, including gold and platinum and palladium.
Data from the program will be interpreted alongside Aeromagnetic survey information and previous sampling to determine the viability of massive sulphides drill targets at the project. The Company is also reviewing opportunities to acquire or joint venture other precious and base metals projects in politically favorable mineral exploration jurisdictions in North America.
We encourage all investors to take a look at the press release in its entirety by going to the following link: https://finance.yahoo.com/news/gsp-corp-completes-geochemical-sample-210000854.html .
With upstart companies, leadership is key and happens to be a strong point for GSP Resource. Simon Dyakowski, MBA, CFA serves as CEO, President and Director, bringing his years of experience in corporate finance to the helm. Chairman Christopher Dyakowski, BSC, P.Geo, has more than three decades of experience in mineral exploration, including serving on boards at numerous public companies. CFO Kenneth Phillippe, CA, oversees the books, leaning on more than 35 years of public company experience to guide GSP Resource.
GSP is a new issue – came public in November via IPO – that has a very loyal shareholder base and dedicated insiders. The company has 10.6 million shares issued and outstanding and just 11.8 million fully diluted. Of those shares, 6.55 million are held in a 36-month escrow (inclusive of 3.65 million held by founders and insiders).
What GSP Resource has done is build a public vehicle with an incredibly tight capital structure that leaves it plenty of room to raise more capital to develop the flagship property and potentially even evaluate other acquisition opportunities. The time is right in the broader picture as the metals market is improving.
In fact, it could be expected that North American production will be increased in the coming years and decades underscored by depressed production and U.S. President Donald Trump’s trade initiatives that emphasize metal supply chains originating from the U.S., Canada and Mexico. This new dynamic is against the backdrop of North America’s copper production share slumping from 36% of the global market in 1960 to just 13% in 2017.
It is for good reason that the Dyakowski’s and partners have chosen this moment to build GSP Resource and brought it to the public while keeping more than half the diluted shares locked-up for the next three years. This is a rare opportunity for a ground-floor position in a company that is looking to prove resources that could challenge the likes of Voisey’s Bay and Norilsk, only with the clear advantage of having all of the infrastructure already in the mining-friendly region.
---
Technical and scientific information has been taken from the company's national instrument 43-101 technical report that can be found on www.sedar.com and www.gspresource.com .
Corporate Snapshot:
GSP Resource Corp.
Stock Symbol:
CA
Stock Exchange:
TSX-Venture
Sector:
Basic Materials
52 Week High:
$0.2500
52 Week Low:
$0.2200
Current Stock Quote / Chart / News: Click here
Information as of
December 11, 2018
On the eastern seaboard of Canada is Voisey’s Bay, host to an eponymous mine that is considered one of the most significant mineral discoveries in Canada in the last half century with more than 141 million tonnes at 1.6% nickel. Located in the northern part of Newfoundland and Labrador on the Labrador Sea, the mine has its challenges with infrastructure. About 6,000 kilometers to the northeast is Norilsk, Russia, with its similar geology blessed with a cornucopia of minerals. Of course, located in the Artic Circle and buried under snow and darkness of polar winters, Norilsk doesn’t exactly have optimal mining conditions.
The remoteness of these world-class projects doesn’t deter investment, as measured by Vale moving ahead with its underground mine at Voisey's Bay, a commitment that will extend the mine’s operating life by a minimum of 15 years.
It also leaves investors hungry for similar geology and resources in areas with better infrastructure for the massive opportunity that could present. Management at GSP Resource Corp. (TSX-Venture:GSPR) believes it may have just that with its Olivine Mountain Project located in the Interior Plateau area of South Central British Columbia, 25 kilometers northwest of Princeton.
Olivine’s claims are underlain by rocks of the Alaskan-type Tulameen Mafic/Ultramafic Complex, making it one of the only locales in southern B.C. that offers the potential of discovering a commercially viable nickel deposit such as those discovered in Voisey’s Bay, Labrador or Norilsk, Russia. Years of exploration activity, including finding placer gold, platinum and palladium in the Tulameen River and bedrock showings of copper, nickel, gold and platinum, further validate the contention for the possibility of a major discovery.
Backstopped by this knowledge, the target model at the 2,455-hectare Olivine project is a massive copper/nickel sulphide deposit with significant content of platinum, palladium and gold in mafic to ultramafic rock.
Select samples from Olivine demonstrate the project’s potential. For example, certain samples from the Asp Showing graded 2%-4% copper. A single sample from the Showing confirmed the presence of significant contents of not only copper, but also gold and palladium and anomalous contents of platinum, nickel and cobalt.
With respect to the Hop Showing, a selected sample of high-grade chalcopyrite stringer assayed 23.0 grams per tonne gold, 89.5 grams per tonne silver and 7.49% copper.
Currently, GSP has set milestones for the first quarter of 2019, including soil sampling, a geophysical survey, mapping and other exploratory works to define drill targets at Olivine. The data will be added to previous work that outlines conductive and magnetic bodies to provide a broad area for a detailed ground survey. Drilling is anticipated for sometime during the first half of the year.
Speaking of milestones, the company just announced after the market close today that it had completed its geochemical sample program on the Olivine Mountain Property.
The initial phase of work consisted of a geochemical sampling program of approximately 1,760 samples completed over the entire grid area. Geochemical samples were collected at 50 meter intervals along all lines. The samples are currently being analyzed at MS Analytical located in Langley, BC, with batches of results expected to be completed over the first quarter of 2019. Samples are being analyzed for 36 element ICP, including gold and platinum and palladium.
Data from the program will be interpreted alongside Aeromagnetic survey information and previous sampling to determine the viability of massive sulphides drill targets at the project. The Company is also reviewing opportunities to acquire or joint venture other precious and base metals projects in politically favorable mineral exploration jurisdictions in North America.
We encourage all investors to take a look at the press release in its entirety by going to the following link: https://finance.yahoo.com/news/gsp-corp-completes-geochemical-sample-210000854.html .
With upstart companies, leadership is key and happens to be a strong point for GSP Resource. Simon Dyakowski, MBA, CFA serves as CEO, President and Director, bringing his years of experience in corporate finance to the helm. Chairman Christopher Dyakowski, BSC, P.Geo, has more than three decades of experience in mineral exploration, including serving on boards at numerous public companies. CFO Kenneth Phillippe, CA, oversees the books, leaning on more than 35 years of public company experience to guide GSP Resource.
GSP is a new issue – came public in November via IPO – that has a very loyal shareholder base and dedicated insiders. The company has 10.6 million shares issued and outstanding and just 11.8 million fully diluted. Of those shares, 6.55 million are held in a 36-month escrow (inclusive of 3.65 million held by founders and insiders).
What GSP Resource has done is build a public vehicle with an incredibly tight capital structure that leaves it plenty of room to raise more capital to develop the flagship property and potentially even evaluate other acquisition opportunities. The time is right in the broader picture as the metals market is improving.
In fact, it could be expected that North American production will be increased in the coming years and decades underscored by depressed production and U.S. President Donald Trump’s trade initiatives that emphasize metal supply chains originating from the U.S., Canada and Mexico. This new dynamic is against the backdrop of North America’s copper production share slumping from 36% of the global market in 1960 to just 13% in 2017.
It is for good reason that the Dyakowski’s and partners have chosen this moment to build GSP Resource and brought it to the public while keeping more than half the diluted shares locked-up for the next three years. This is a rare opportunity for a ground-floor position in a company that is looking to prove resources that could challenge the likes of Voisey’s Bay and Norilsk, only with the clear advantage of having all of the infrastructure already in the mining-friendly region.
---
Technical and scientific information has been taken from the company's national instrument 43-101 technical report that can be found on www.sedar.com and www.gspresource.com .
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. GSP Resource Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause GSP Resource Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for GSP Resource Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
© 1999-2024AllPennyStocks.com Media, Inc. All rights reserved. AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in its disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site.
AllPennyStocks.com has been compensated three thousand dollars by the company for its efforts in presenting the GSPR profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. Information presented on our web site and within our reports contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates, "believes," or that by statements indicating certain actions "may," "could," or "might" occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.