Market Overview

Lac Arsenault Shows Selected Grab Samples Up to 39.7 G/T Gold


SASKATOON, Saskatchewan, Sept. 13, 2018 (GLOBE NEWSWIRE) -- GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the "Company" or "Gespeg") announces the results of its summer sampling program at Lac Arsenault, which took place in July. The priority of the program was to confirm as much of the historical data on the property, as well as to identify potential new zones. A new forestry road, which has been developed in the area, has significantly simplified access to existing known quartz veins (Baker, Marleau and Mesereau) and exposed new veins to the North West of those known veins. The samples taken were assayed by ALS in Val-d'Or, and the reported results are as follows (Figure 1).

Lac Arsenault Figure 1
Sampling campaign

Lac Arsenault Figure 2
Historical Data Compilation

Technical data from grab sample July 2018

Sample # Easting * Northing* Au G/T Ag G/T Pb
K434469 334631 5361066 0.004 -0.5 3 37 Grab sample New quartz
K434470 334657 5361045 0.009 -0.5 3 10 Grab sample New quartz
K434471 334715 5360988 0.002 -0.5 2 6 Grab sample New quartz
K434472 334729 5360972 0.002 -0.5 -2 3 Grab sample New quartz
K434473 334746 5360957 0.004 -0.5 11 14 Grab sample New quartz
K434474 334927 5360929 0.367 -0.5 2 2 Grab sample Marleau vein
K434475 334932 5360924 0.006 -0.5 2 2 Grab sample Marleau vein
K434476 334929 5360917 0.272 -0.5 -2 -2 Grab sample Marleau vein
K434477 334929 5360918 0.222 -0.5 -2 -2 Grab sample Marleau vein
K434478 334926 5360910 0.015 -0.5 6 6 Grab sample Marleau vein
K434479 334955 5360974 1.690 2.1 464 211 Grab sample Marleau vein
K434480 334967 5360972 1.650 1.4 15 31 Grab sample Marleau vein
K434481 NA NA NSS >100 997 2460 Standard Oreas 604
K434482 335065 5360724 16.900 93.6 25300 1025 Grab sample Baker vein
K434483 335067 5360721 0.026 0.9 191 156 Grab sample Baker vein
K434484 335058 5360704 30.000 128 60600 748 Grab sample Baker vein
K434485 335053 5360699 10.450 17.2 1790 805 Grab sample Baker vein
K434486 335063 5360719 20.100 85.1 16800 3850 Grab sample Baker vein
K434487 NA NA 0.037 -0.5 85 12 Blank  
K434488 335066 5360724 0.017 -0.5 319 103 Grab sample Surrounding
rock of quartz
K434489 335151 5360729 39.700 77.3 8880 10800 Grab sample Merserau vein
K434490 335159 5360731 13.350 109 46900 559 Grab sample Merserau vein
K434491 335165 5360736 2.060 1.5 366 292 Grab sample Merserau vein
K434492 335163 5360744 3.330 11.9 3460 416 Grab sample Merserau vein
K434493 335174 5360759 7.190 14.4 1235 129 Grab sample Merserau vein
K434494 335178 5360761 4.380 19.6 9530 45 Grab sample Merserau vein
K434494-B 335178 5360761 4.320 26.3 17200 42 Duplicate Merserau vein
K434495 NA NA 0.035 -0.5 21 5 Blank  
K434496 335183 5360766 4.960 118 30200 292 Grab sample Merserau vein
K434496-B 335183 5360766 5.160 194 51300 699 Duplicate Merserau vein
K434497 334192 5360421 0.026 -0.5 110 58 Grab sample New quartz
* UTM NAD 83 Zone 20

The results of the sampling program, and their comparison to the historical surveys shows a correlation to the historical work and new prospectivity for both gold and silver on the property (Figure 2).  The drawing and the modeling seem to indicate both lateral and in-depth extensions. Mechanical stripping work will be required and a permit to that affect has been requested. The selected samples are all grab samples and are not necessarily representative of the mineralization hosted on the property.

Quality Assurance and Quality Control ("QA-QC")

A total of 27 field samples were taken from Lac Arsenault:  7 selective grab samples from the Marleau quartz and polymetallic vein, 6 selective grab samples from the Baker quartz and polymetallic vein, 7 selective grab samples from the Mersereau quartz and polymetallic vein and 6 selective grab samples from news quartz veins close to new access.

An additional 5 standards, blanks and duplicates were added for QA-QC, for a total of 32 analyzed samples. Individual field samples were taken by the geologist, and inserted in individual plastic bags, each with ALS sample tags. Samples were checked, catalogued and bags sealed by the Senior Project Geologist, then placed in large numbered nylon bags with standards, blanks and duplicates. The bags were then sealed and send by transport to the ALS facilities in Val-d'Or for gold and multi-element analysis.

Once at the ALS facilities, samples are catalogued with the barcoding system, dried, weighed, crushed, pulverized to 70% <2mm, and riffle-split sample is taken for final pulverization to 85% <75μm. A final split is taken for multi-element ICP-AES analysis (gold plus 33 elements) and ore grade finish on anomalous results in gold, silver, copper, lead and zinc).

About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus in grossly underexplored regions "Gaspé and Montauban, Québec".  With a dedicated management team, the Company's goal is to create shareholder wealth 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.


(signed) "Sylvain Laberge"

Sylvain Laberge
President and CEO


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.

Figures accompanying this announcement are available at:

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