SASKATOON, Saskatchewan, Sept. 13, 2018 (GLOBE NEWSWIRE) -- GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the “Company” or “Gespeg”) announces the results of its summer sampling program at Lac Arsenault, which took place in July. The priority of the program was to confirm as much of the historical data on the property, as well as to identify potential new zones. A new forestry road, which has been developed in the area, has significantly simplified access to existing known quartz veins (Baker, Marleau and Mesereau) and exposed new veins to the North West of those known veins. The samples taken were assayed by ALS in Val-d’Or, and the reported results are as follows (Figure 1).
Technical data from grab sample July 2018
| Sample # | Easting * | Northing* | Au G/T | Ag G/T | Pb PPM | Zn PPM | Sample Type | Comments |
| K434469 | 334631 | 5361066 | 0.004 | -0.5 | 3 | 37 | Grab sample | New quartz vein |
| K434470 | 334657 | 5361045 | 0.009 | -0.5 | 3 | 10 | Grab sample | New quartz vein |
| K434471 | 334715 | 5360988 | 0.002 | -0.5 | 2 | 6 | Grab sample | New quartz vein |
| K434472 | 334729 | 5360972 | 0.002 | -0.5 | -2 | 3 | Grab sample | New quartz vein |
| K434473 | 334746 | 5360957 | 0.004 | -0.5 | 11 | 14 | Grab sample | New quartz vein |
| K434474 | 334927 | 5360929 | 0.367 | -0.5 | 2 | 2 | Grab sample | Marleau vein |
| K434475 | 334932 | 5360924 | 0.006 | -0.5 | 2 | 2 | Grab sample | Marleau vein |
| K434476 | 334929 | 5360917 | 0.272 | -0.5 | -2 | -2 | Grab sample | Marleau vein |
| K434477 | 334929 | 5360918 | 0.222 | -0.5 | -2 | -2 | Grab sample | Marleau vein |
| K434478 | 334926 | 5360910 | 0.015 | -0.5 | 6 | 6 | Grab sample | Marleau vein |
| K434479 | 334955 | 5360974 | 1.690 | 2.1 | 464 | 211 | Grab sample | Marleau vein |
| K434480 | 334967 | 5360972 | 1.650 | 1.4 | 15 | 31 | Grab sample | Marleau vein |
| K434481 | NA | NA | NSS | >100 | 997 | 2460 | Standard | Oreas 604 |
| K434482 | 335065 | 5360724 | 16.900 | 93.6 | 25300 | 1025 | Grab sample | Baker vein |
| K434483 | 335067 | 5360721 | 0.026 | 0.9 | 191 | 156 | Grab sample | Baker vein |
| K434484 | 335058 | 5360704 | 30.000 | 128 | 60600 | 748 | Grab sample | Baker vein |
| K434485 | 335053 | 5360699 | 10.450 | 17.2 | 1790 | 805 | Grab sample | Baker vein |
| K434486 | 335063 | 5360719 | 20.100 | 85.1 | 16800 | 3850 | Grab sample | Baker vein |
| K434487 | NA | NA | 0.037 | -0.5 | 85 | 12 | Blank | |
| K434488 | 335066 | 5360724 | 0.017 | -0.5 | 319 | 103 | Grab sample | Surrounding rock of quartz vein |
| K434489 | 335151 | 5360729 | 39.700 | 77.3 | 8880 | 10800 | Grab sample | Merserau vein |
| K434490 | 335159 | 5360731 | 13.350 | 109 | 46900 | 559 | Grab sample | Merserau vein |
| K434491 | 335165 | 5360736 | 2.060 | 1.5 | 366 | 292 | Grab sample | Merserau vein |
| K434492 | 335163 | 5360744 | 3.330 | 11.9 | 3460 | 416 | Grab sample | Merserau vein |
| K434493 | 335174 | 5360759 | 7.190 | 14.4 | 1235 | 129 | Grab sample | Merserau vein |
| K434494 | 335178 | 5360761 | 4.380 | 19.6 | 9530 | 45 | Grab sample | Merserau vein |
| K434494-B | 335178 | 5360761 | 4.320 | 26.3 | 17200 | 42 | Duplicate | Merserau vein |
| K434495 | NA | NA | 0.035 | -0.5 | 21 | 5 | Blank | |
| K434496 | 335183 | 5360766 | 4.960 | 118 | 30200 | 292 | Grab sample | Merserau vein |
| K434496-B | 335183 | 5360766 | 5.160 | 194 | 51300 | 699 | Duplicate | Merserau vein |
| K434497 | 334192 | 5360421 | 0.026 | -0.5 | 110 | 58 | Grab sample | New quartz vein |
| * UTM NAD 83 Zone 20 | ||||||||
The results of the sampling program, and their comparison to the historical surveys shows a correlation to the historical work and new prospectivity for both gold and silver on the property (Figure 2). The drawing and the modeling seem to indicate both lateral and in-depth extensions. Mechanical stripping work will be required and a permit to that affect has been requested. The selected samples are all grab samples and are not necessarily representative of the mineralization hosted on the property.
Quality Assurance and Quality Control (“QA-QC”)
A total of 27 field samples were taken from Lac Arsenault: 7 selective grab samples from the Marleau quartz and polymetallic vein, 6 selective grab samples from the Baker quartz and polymetallic vein, 7 selective grab samples from the Mersereau quartz and polymetallic vein and 6 selective grab samples from news quartz veins close to new access.
An additional 5 standards, blanks and duplicates were added for QA-QC, for a total of 32 analyzed samples. Individual field samples were taken by the geologist, and inserted in individual plastic bags, each with ALS sample tags. Samples were checked, catalogued and bags sealed by the Senior Project Geologist, then placed in large numbered nylon bags with standards, blanks and duplicates. The bags were then sealed and send by transport to the ALS facilities in Val-d’Or for gold and multi-element analysis.
Once at the ALS facilities, samples are catalogued with the barcoding system, dried, weighed, crushed, pulverized to 70% <2mm, and riffle-split sample is taken for final pulverization to 85% <75μm. A final split is taken for multi-element ICP-AES analysis (gold plus 33 elements) and ore grade finish on anomalous results in gold, silver, copper, lead and zinc).
About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus in grossly underexplored regions “Gaspé and Montauban, Québec”. With a dedicated management team, the Company’s goal is to create shareholder wealth through the discovery of new deposits.
Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical disclosure contained in this news release.
GESPEG COPPER RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.380.5610
514.702.9841
Slaberge@gespegcopper.com
FORWARD LOOKING INFORMATION
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.
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