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GSP Resource Corp.
Summary
| Project: | Olivine Mountain | |
|---|---|---|
| Deposit: | Olivine Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Platinum-Palladium-Copper-Nickel-Cobalt | |
| Date: | 10/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2018: GSP Resource Corp. announces a Supporting Acquisition report for its Olivine Mountain deposit at the Olivine Mountain project. Summary of property in support of acquisition. Platinum Belt Resources Inc.(beneficial owner Michael Adam), the owne | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Kerr (Independent) | |
| ABSTRACT: | Platinum Belt Resources Inc.(beneficial owner Michael Adam), the owner of 25 claims in the Similkameen Mining Division, British Columbia, has entered into an option agreement with GSP Resource Corp. (GSP), dated February 23, 2018, to provide GSP with an option to purchase 100% interest in the 25 claims that comprise the Olivine Mountain Property. Mr. Christopher Dyakowski, President of Max Investments Inc. and Director of GSP, requested that I examine the property, compile all available data and prepare this report to NI43-101 standards. The report is being prepared to support an Initial Public Offering of GSP. I visited the site on November 1, 2017 for Max Investments Inc. and was a Qualified Person, as defined in NI 43-101, at the time of the property examination. Data used for preparation of this report is information gleaned from the site inspection, a 2018 airborne geophysical survey, and references listed. The main purpose of the November 1, 2017 site visit was to examine accessible showing areas, road access and topography. It also established that additional exploration has not been conducted on the property other than that described in this report. At the time of the examination 4 – 12” of snow were on the ground and examination of showings was limited. I remain a Qualified Person as of the Effective Date of this Report Massive copper/nickel sulphide deposits with significant content of platinum, palladium and gold in mafic to ultramafic rock have been the focus of attention in all areas of the world. Examples are the successes of Voisey’s Bay in Labrador and Norilsk in Russia. The Tulameen ultramafic complex is one of the only locales in southern British Columbia that offers the potential of such deposits. Placer gold, platinum and palladium have been developed in the Tulameen River and tributaries draining the complex since the mid-1800s. Bedrock showings of copper, nickel, gold, platinum and palladium have been discovered, however to date no commercial source of these metals have been developed. | |
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