SASKATOON, SASKATCHEWAN--(Marketwired - Oct. 22, 2014) - GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg") is pleased to announce our summer exploration update from Port Daniel Project. During the summer of 2014, Gespeg initiated a soil, stream and bank survey on Port Daniel property. The purpose of the campaign was to define exploration targets for copper (Cu), silver (Ag), gold (Au) and other minerals (53 elements). The program consisted of 73 stream sediment samples along with 146 soil samples from stream banks. Additionally, 323 soil samples were taken from the project lands following targets established from a 2013 geophysical survey. Statistical analysis indicates correlation assemblages commonly associated with four types of mineralisation or geological environments:
- Hydrothermal systems
- Quartz-carbonate veins
- Mafic intrusions
- Ultramafic intrusions
The soil survey results indicate:
- 9 anomalous zones for the soil geochemical survey grids in the northern part of the property also associated with diverse anomalous elements.
- 4 anomalous zones from the stream-sediment survey covering the entire property, also associated with diverse anomalous elements.
- 11 anomalous zones from the stream bank survey covering the entire property, associated with diverse anomalous elements.
Furthermore, a total of 7 soil samples with high metal values have been collected and are interpreted to lie directly above a potential mineralized zone. Therefore these are top priority targets to follow with prospecting and likely trenching.
Bernard-Olivier Martel, P. Geo, Vice-President Exploration of the Company, 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.
About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus on copper, especially in a grossly underexplored region "Gaspé, Québec". With a dedicated management team, the Company's goal is to create shareholder wealth through the discovery of new deposits.
This news release contains certain statements that may be considered "forward-looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Gespeg Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Gespeg Copper management on the date the statements are made. Except as required by law, Gespeg Copper undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change
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