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Major Quebec Gold Project Ramps Up Exploration

Joshua Peach, The Market Herald
0 Comments| November 24, 2020

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Gespeg Resources (GCR) is doubling down on its Lac Arsenault project in Quebec, ahead of an upcoming exploration ramp up.

Following a string of promising early exploration activities, Gespeg has acquired another 36 new claims surrounding the project, expanding on its previous 39 claims in the Gaspé Peninsula to both the east and the west.

After almost doubling its holdings in the region, the project now spans 39 square kilometres, covering a known gold system and a number of prospective targets, with twelve kilometres of strike along the Grand Pabos Fault.

The fault is of key interest to Gespeg, as research conducted in 2014 has shown that the region’s geophysics makes it possible to identify several “very favourable zones” for porphyry-type deposits and gold systems.

Meanwhile, miners and investors alike are scouring the globe for similarly underexplored or underdeveloped sites, as this year’s gold price rally continues to improve the feasibility of turning a little-known exploration project into a viable and profitable operation.

However, with Grand Pabos Fault also known for lead, zinc and copper occurrences, it’s not simply gold and silver Gespeg is interested in, as its focus on strategic and energy metals in its other projects shows.

With that in mind, Gespeg is eager to unlock any as-yet undetected, underlying mineralisation at Lac Arsenault and is pulling out all the stops to do so.

In an effort to approach the site anew, Gespeg has brought in exploration methods and techniques that have yet to be utilised at Lac Arsenault, to help define key targets for an upcoming drill program.

To aid this recent bout of exploration of work further, Gespeg has now contracted an induced polarization survey to further outline the mineralised systems that underpin the property. The IP survey started up on November 15 and Gespeg is preparing to release its findings once the data has been correlated.

Sylvain Laberge, President and CEO of Gespeg, said the company’s exploration team is committed to bringing all of its tools to the Lac Arsenault project for the first time in its history.

“We are confident the program will result in new and well-defined drill targets that we can follow-up on in early 2021,” he added.

Gespeg’s latest exploration efforts will build on the recent work completed by Dr. Jean Philippe Desrochers, who successfully compiled a structural geological report for the site, after collecting more than 150 structural measurements from the project’s Mersereau, Marleau, L4W, and Baker trenches.

At the time, Sylvain Laberge commented on the company’s respect for Jean-Philippe contributions to Lac Arsenault.

Mr. Desrochers is a very well-regarded geological professional who has worked on many well-known projects in Quebec and around the world. His knowledge and regional experience have played a significant role in increasing our understanding of the vein systems at Lac Arsenault and are bringing a new vision and approach for new discoveries on the Lac Arsenault gold project,” he said.

Jean-Philippe’s report notes four separate types of promising quartz veins on the property, which indicates a complex and interwoven mineral system. Notably, the report indicated that certain mineralisation on the property corresponds to secondary structures along the Grand Pabos Fault, which are known to be gold bearing.

All this promise surrounding the project has quickly driven Gespeg resources TSXV-listed shares up and out of the pandemic-induced slump, which hit the mining industry earlier this year.

With precious and emerging metals driving growth across the industry, Gespeg shares have almost doubled since mid-June, suggesting its investors are similarly excited for where the company’s upcoming exploration efforts will lead.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.


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