GSP Resource Corp (GSPR.V) has announced its recently completed exploration target block modelling exercise has resulted in the detection of new high priority drill targets close to the conceptual open pit shell. Those new targets have the potential to expand known zones of copper mineralization as the dozen targets have seen very limited, if any, historical exploration efforts. The company has provided some highlights in bullet form.
Some of the exploration targets could represent some low-hanging fruit. Keep in mind the Alwin mine was originally mined as a high-grade underground mine, but in today’s day and age the lower grade mineralization could work in an open pit scenario.
Disclosure: The author has a small long position in GSP Resource Corp. Please read the disclaimer.
