SASKATOON, Saskatchewan, Feb. 20, 2019 (GLOBE NEWSWIRE) -- GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the “Company” or “Gespeg”) , is pleased to announce the results of its drilling program, which was completed as a part of the due diligence to evaluate three tailing sites at Notre-Dame de Montauban included in the properties subject to the letter of agreement with DNA Canada Inc. on January 17th , 2019. The results of this drill program were incorporated in the NI 43-101 report announced on January 31, 2019. In total, 106 vertical holes were completed on three of the tailing zones during the drill program, totaling 261 meters. The results of the drilling are as follows:

SiteHolesTotal length drilled (m)Maximum tailings depth (m)Average Au (g/t)Average Ag (g/t)Average Zn (%)
Anacon Lead 221526.90.3532.661.22
Tetrault 131632.60.7695.954.71
Tetrault 2541465.70.9855.330.80

The followings links presents the depth and the average of the gold, silver and zinc grade of all tailing’s intersections. (Table 1 : Vertical drill hole collar locations, depth and average of gold, silver and zinc grade of tailing intersections)

Sylvain Laberge “We are pleased with the results of the drilling campaign. The grades returned were as expected for the tailings project and provide confirmation to Gespeg that we are confident in moving forward with the transaction for the Montauban project. It is our belief that these grades can be economic for a tailings project.”

A Geoprobe type drill was used and the material was recuperated within a 1.5-meter-long plastic tube with an inner diameter of 4.9 centimeter. The hole collars and the tailing sites area were surveyed using a Trimble Geo 7X Handheld GPS. The 2018 drilling program indicates that the stratigraphy of the Tetrault 1, Tetrault 2 and Anacon Lead 2 tailing sites are similar consisting of a top layer of medium grained brown sand probably representing the results of oxidation in sharp contact with a layer of medium grained grey sand. The following link present localisation of vertical drill in plan (Drilling Map Montauban)

All the samples were sent to ALS Laboratories Ltd. of Val d'Or, Quebec. All samples are dried and weighted. The samples are then sieved to -180 micron (80 mesh). In the case of a duplicate, the fine fraction is split equally to create the duplicate. A 30 grams sub-sample is assayed for gold by fire assay with an Atomic Absorption Spectrometry (AAS) finish. Silver and zinc are assayed, after a four acids digestion, by ICP with an AES finish. Samples grading more than 100 ppm Ag or 10 000 ppm Zn are re-assayed by the same method but using a different dilution.

Gespeg uses a comprehensive QA/QC program including the insertion of blanks, duplicates and certified reference material (standards) in the flow stream of samples.

The technical information contained in this press release was reviewed by Vincent Jourdain PEng, Ph. D. from MRB & Associates. and by Bernard-Olivier Martel geo., Technical director of Gespeg Copper Resources. Both are Qualified Persons under NI 43-101.

About Gespeg: Gespeg is an exploration company with a focus in underexplored regions “Montauban, Gaspé, Québec”. With a dedicated management team, the Company’s goal is to create shareholder value through the discovery of new deposits.


(signed) “Sylvain Laberge

Sylvain Laberge
President and CEO

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.