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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gespeg Resources Ltd | TSXV:GCR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.06 | 0.055 | 0.06 | 0 | 01:00:00 |
The Program includes a low-altitude high-resolution, helicopter-borne magnetic survey, soil sediment survey, trenching and detailed mapping of old and recent trenches.
The Lac Arsenault property consists of a series of gold-bearing and polymetallic veins (Au-As-Pb-Zn-Cu- (Ag)), oriented NNE, subvertical up to nearly a hundred meters in length and decimetric to metric thickness. The most important veins are the Baker vein, the Mersereau vein, the L4W vein and the Marleau vein (see table 1, 2) and (figure 1 : Map of claims of Lac Arsenault): https://www.globenewswire.com/NewsRoom/AttachmentNg/893b626d-71df-4ac1-9b58-3714fdc654cd
Table 1: Main gold veins of the Lac Arsenault property in channel sampling
Vein | Exposedlength (m) | Variablewidth (m) | Direction (°) | Average gradeAu (g/t) | Average gradeAg (g/t) |
Baker | 45 | 0.1 to 1.2 | 10 to 40 | 13.54 | 453.94 |
Mersereau | 75 | 0.2 to 1.6 | 30 to 40 | 10.35 | 113.03 |
Marleau | 76 | 0.1 to 1.1 | 5 to 15 | 5.59 | - |
L4W | 84 | 0.1 to 3.0 | 30 | 1.47 | - |
Greek | 11 | 0.5 to 3.0 | 110 to 135 | 0.65 | - |
Source: Unpublished report presented by Ressources Appalaches 2005. | |||||
All data included in the above has been verified by Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, through researching and compiling all the reports available for historical data. The company has not re-assayed samples or drill hole intervals. (see press release Sept. 13, 2018) |
Table 2: Main gold veins of the Lac Arsenault property in drilling
Veine | Drill Hole | From(m) | To(m) | Length ***(m) | Au (g/t) | Ag (g/t) | Source |
Baker | AM1 | 114.9 | 115.4 | 0.5 | 8.75 | 91.88 | GM 32162 |
Baker | A-2 | 21.3 | 22.7 | 1.4 | 10 | 133.59 | GM 32162 |
Baker | A-3 | 29.6 | 32.8 | 3.2 | 3.63 | 12.28 | GM 32162 |
Baker | A-6 | 21.3 | 22 | 0.7 | 9.38 | 116.56 | GM 32162 |
Baker | A-7 | 31.5 | 36.1 | 4.6 | 3.44 | 21.88 | GM 32162 |
Baker | A-13 | 67.4 | 67.7 | 0.3 | 9.69 | 50.31 | GM 32162 |
Baker | A-12 | 14.8 | 15.5 | 0.7 | 11.88 | 46.56 | GM 32162 |
Baker | F05-01 | 31.5 | 32.2 | 0.7 | 16.85 | 96.2 | * |
Baker | F05-01 | 33.7 | 34 | 0.3 | 3.77 | 32.4 | * |
Baker | F05-01 | 34 | 34.55 | 0.55 | 15.9 | 115 | * |
Baker | F05-02 | 46.9 | 47.15 | 0.25 | 14.95 | 151 | * |
Baker | F05-03 | 56.7 | 56.9 | 0.2 | 11.95 | 51.1 | * |
Baker | F05-05 | 46.7 | 47.5 | 0.8 | 4.62 | 16 | * |
Baker | F05-07 | 44.05 | 44.3 | 0.25 | 9.47 | 358 | * |
Baker | F05-07 | 44.3 | 44.5 | 0.2 | 19.65 | 25.7 | * |
Baker | F05-07 | 44.5 | 44.7 | 0.2 | 16.15 | 65.6 | * |
Baker | F05-28 | 104 | 104.5 | 0.5 | 7.43 | 74.3 | * |
Marleau | 86-24 | 89.9 | 91.5 | 1.6 | 10.72 | 8.2 | GM 45384 |
Marleau | 86-24A | 140.5 | 140.8 | 0.3 | 8.5 | 22.19 | GM 45384 |
Mersereau | A-9 | 39.1 | 39.3 | 0.2 | 3.25 | 15.31 | GM 32162 |
Mersereau | A-10 | 12 | 13.2 | 1.1 | 1.69 | 22.5 | GM 32162 |
Mersereau | A-19 | 8.5 | 9.8 | 1.2 | 43.75 | 29.69 | GM 32162 |
Mersereau | 86-14 | 19.9 | 20 | 0.2 | 7.31 | 34.38 | GM 45384 |
Mersereau | 86-26 | 25 | 25.1 | 0.1 | 8.5 | 64.06 | GM 45384 |
Mersereau | F05-15 | 34 | 34.4 | 0.4 | 5.37 | 13.9 | * |
Mersereau | F05-17 | 47.2 | 47.6 | 0.4 | 6.74 | 45.2 | * |
Mersereau | F05-24 | 25.1 | 25.6 | 0.5 | 4.83 | 5.3 | * |
*: | Unpublished report presented by Ressources Appalaches in 2005. | ||||||
**: | Technical data not available | ||||||
***: | Drilled length | ||||||
All data included in the above has been verified by Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, through researching and compiling all the reports available for historical data. The company has not re-assayed samples or drill hole intervals. |
The mineralization was interpreted as mesothermal gold veins with mineralization contained in fault-fill veins placed in the grauwackes and siltstones of the Arsenault Formation, of middle Ordovician age.
The veins are associated with sinistral, fragile-ductile, NNE-trending shear zones, which correspond to secondary structures of the Grand Pabos fault, an important dextral strike-slip fault in the south of the peninsula, located about 500 meters to the north of the property.
The historical work carried out on the Lac Arsenault property leads to the following observations:
The chronological relationships between the veins and the shear zones are important. It is therefore essential to undertake a structural study in order to properly characterize the deformation of the veins, the possible displacements, the orientation of the folds, in order to follow the mineralization in the future. As such, the Program was designed to include the following:
About Gespeg Resources Inc.: Gespeg is an exploration company with a focus in strategic and energetic metals and underexplored regions “Gaspé, Chibougamau Québec”. With a dedicated management team, the Company’s goal is to create shareholder value 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 RESOURCES LTD.
(signed) “Sylvain Laberge”
Sylvain Laberge President and CEO 514.702.9841slaberge@gespegcopper.com
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.
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