Close menu

September 14th, 2021 | 11:27 CEST

GSP Resource - Exciting Micro Cap

  • Copper
Photo credits:

Historically and over more extended periods, precious metals such as gold and silver have provided good inflation protection and have thus established themselves as crisis currencies over several economic cycles. Those looking for other promising commodity categories should consider copper. The reddish shimmering industrial metal is experiencing high demand in the course of electromobility. If you also believe in the high return opportunities of small public companies, Canadian GSP Resource combines the facets of precious metals, copper and micro-cap. We keep you up to date with the latest developments, hot off the press.

time to read: 3 minutes | Author: Carsten Mainitz

Table of contents:

    GSP RESOURCE CORP - First results of 2021 drill program released

    GSP Resource Corp. is an exploration company focused on projects located in southwestern British Columbia, Canada. The Company holds the option to acquire all of the ownership interests in the Alwin Mine copper-gold-silver concession in the Kamloops mining district. In addition, the Canadians own all mining rights to the Olivine Mountain concession area. Very advantageous is the fact that both projects are geographically close to already producing mines. In addition, the management has a good track record and has proven in the past that it has been able to achieve noticeable increases in value for shareholders.

    Alwin mine as a value driver

    A significant potential return for shareholders lies in the value development of the Alwin project. Here, the first results of the 2021 summer drilling program were recently published. The 575-hectare Alwin property features a historic underground mine developed over a length of 500m to a depth of 300m and a width of 200m. It produced around 233,100 tonnes of material between 1916 and 1981. From this, 3,786 tonnes of copper, 2,729 kilograms of silver and 46.2 kilograms of gold were produced. The Alwin mine is adjacent to the Highland Valley mine of industry giant Teck Resources to the west. The Highland Valley mine is considered the most effective copper mine in Canada at a grade of less than 0.5%.

    The Olivine Mountain project also has great potential. The 3,020-hectare property is located just 25km from Copper Mountain's copper mine and just under 50km from Westhaven Ventures' Shovelnose project and Kodiak Copper's MPD project.

    Results available from 2 of the 5 drill holes

    Five drill holes totaling 1,439 meters were drilled on the Alwin property as part of the current drill program. The objective was to test the potential large tonnage of copper within and surrounding the historic Alwin Mine. Complete results from drill holes AM21-1 and AM 21-3 are now available. Results from holes AM21-2, AM21-4 and AM21-5 are expected within the next four weeks.

    Highlights from the first hole include: a bulk tonnage intercept of 0.28% CuEq over 158.5 meters, including 0.48% CuEq over 79.4 meters, 1.60% CuEq over 21.1 meters, 4.66% CuEq over 6.4 meters, and 6.15% CuEq over 4.4 meters. These are good values. On the other hand, results from the second hole, AM 21-3, were disappointing - "the primary target was undercut," a company release said. Longer intercepts showed 0.07 to 0.16% CuEq. Two drill intercepts in the 2m range showed grades of 0.44 to 0.53% CuEq.

    "Initial results from GSP's summer drill program continue to support the model of a near-surface bulk tonnage deposit at Alwin. The presence of gold and silver in the drill core, which returned some of the highest precious metals drill results to date in the Highland Valley camp, is very encouraging. The proximity of the Alwin Mine project to Teck Resource's Highland Valley mine and the good elevation and hilltop topography makes it a compelling open pit target. The thick intercepts of bulk tonnage copper encountered in drill hole 1 compare well to the mineral resources reported from the adjacent Highland Valley Mine. GSP is confidently advancing Alwin for its potential as a bulk tonnage deposit," summarized President and CEO Simon Dyakowski of the Company's current situation.

    Look ahead

    Looking at the big picture, GSP Resources has positioned itself correctly. The Company is exploring for precious metals and copper in one of the best jurisdictions in the world. For various reasons, both commodities are forecast by experts to reach significantly higher price levels in the medium term. Generally speaking, data from new drilling programs can be used to successively determine a project's potential in greater detail. The objective of the current drill program was to more accurately define the potential bulk tonnage of copper within and in the vicinity of the historic Alwin Mine.

    Initial results from two of the five drill holes completed show a mixed picture. While the first well, AM21-1, produced good results, the second well, AM 21-3, fell short of expectations. Initially, this put pressure on the share price. The Company is currently valued at only around CAD 4 million. Shareholders should, however, relax and wait for the three missing drill data results. If the data turns out to be similar to the first well, the share price should soon recover significantly. It should not be forgotten that the concession area still hosts a number of incompletely explored targets with porphyry copper and molybdenum mineralization both north and west of the surveyed mining areas.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.

    Der Autor

    Carsten Mainitz

    The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

    About the author

    Related comments:

    Commented by Juliane Zielonka on February 2nd, 2023 | 08:00 CET

    Copper on the rise: Kodiak Copper, BASF and JinkoSolar benefit

    • Mining
    • Copper
    • renewableenergies

    Global copper demand is estimated to double by 2035, requiring new mines, mine expansions and technological improvements at existing mines to boost production. One beneficiary of this boom is Kodiak Copper. Assay results from the recently completed drilling in late 2022 have increased the known mineralized envelope at both the Gate & Prime Zone discoveries at its British Columbia project. At the 6th International Investment Forum on February 15, CEO Claudia Tornquist will share more about this with interested investors. BASF is also taking steps to bridge the looming copper shortages due to high demand. A new cooperation is expected to accelerate copper mining. JinkoSolar, on the other hand, as a user of the highly sought-after metal, has struck another new deal. Hedge fund managers are excited.


    Commented by Fabian Lorenz on January 25th, 2023 | 13:54 CET

    Bayer shares soon to reach triple digits? Barrick Gold and Desert Gold praised by analysts

    • Mining
    • Gold
    • Copper
    • chemicals

    Will Bayer be broken up, or will triple-digit share prices beckon? According to media reports, more and more investors are calling for the former. Most recently, Bluebell Capital Partners. According to the Bloomberg news agency, the British investor is calling on the DAX-listed Company to separate its Crop Science and Pharmaceuticals divisions. This could lead to a 70% increase in value for shareholders. Analysts also see considerable share price potential and believe that triple-digit prices are possible. Gold is also shining again. However, this has yet to be realized by exploration companies in particular. Experts see the chance of a revaluation at Desert Gold, for example - through takeover fantasy and drilling results. Besides B2Gold, Barrick Gold also comes into question as a buyer. The industry leader is also recommended as a buy, despite weakening Q4 results.


    Commented by André Will-Laudien on January 6th, 2023 | 10:18 CET

    Tesla share continues to crash! Volkswagen, BYD, Kodiak Copper, Mercedes - E-mobility in distress?

    • Mining
    • Copper
    • Electromobility
    • Gold

    E-mobiles still account for a single-digit percentage of all vehicles worldwide, but the growth trends speak a clear language: the world will electrify in mobility! Anyone following the price of copper should note one important point - copper is an important industrial metal that is not only used in cars. The biggest consumers are the construction and infrastructure industries. And these sectors are suffering from extreme inflation, high interest rates and the resulting economic decline in demand. For the copper price, of course, this also means no exuberant scarcity at present, and thus falling prices from around USD 5.00 to currently around USD 3.80 per pound. So, as with all commodities, timing in the economic cycle is the key determinant of investment success. Which stocks are in focus now?