Copper Past Production- Alwin Mine
- The shallow bulk tonnage potential of the Alwin Mine project is compelling due to the project’s location adjacent to Teck Resource’s Highland Valley Mine operations including its favourable elevation and hill-top topography
- GSRP has recently completed a 3D digital model to support 2023 drilling
2020 Drilling Highlights
- Several relatively shallow intersections from the Phase 1 drilling program at Alwin met or exceeded the average grade of the mineral resources reported at the adjacent Highland Valley Mine
- Deep high-grade intersection of 1.29% CuEq over 14.1 m under the partially mined #6 zone in hole AM20-10E.
- Deep medium-grade bulk tonnage intersection of 0.313% CuEq over 61.7m under the partially mined #6 and #3 zones in hole AM20-10E.
Excellent Capital Structure
- Tiny market capitalization of CAD$3 million
- Management & insiders hold ~32% of outstanding shares
Financials
View our filings on SEDAR.
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- Skin in the game: Management & Insiders Hold ~32% of I/O Shares (8.4 million)
- Recently welcomed legendary British Columbia mineral exploration participant Richard Billingsley as a 10%+ shareholder and reporting insider
Shareholder Value Creation Strategy
Projects
- GSP has an option to acquire 100% of Alwin Mine Project; and owns 100% of the Olivine Mountain project
- Recently negotiated deal to partner on Olivine Mountain Project with Full Metal Minerals (TSXV:FMM)
Structure
- Management is committed to carefully managing capital structure;
- Focus on projects that can add near-term value to shareholders
- Opportunistic acquisitions focussed within British Columbia
Macro Trends
- Metals & Mining Capital Markets Cycle in full swing
- Precious metals prices have rallied significantly from cyclical lows, and base metals have followed
- Copper supply crunch is currently unfolding with Copper price approaching all time highs