Companies mentioned in this article:
Gespeg Copper Resources Inc. (“Gespeg”) is an exploration company listed on the TSX Venture Exchange under the symbol GCR. Gespeg concentrates its exploration efforts in the Gaspe Peninsula region of eastern Quebec. The Gaspe Peninsula has had multiple producing mines historically, one of them being the Gaspe Copper Mine (“Gaspe Copper”) in Murdochville, which produced approximately 141 million tons @ 0.85% copper from 1954 to 1999 under Noranda. Over the last 14 years, Gaspe Copper changed hands multiple times, being owned periodically by Falconbridge, Xstrata and now owned by GlencoreXstrata. A resource of 180 million¹ tons is still present in the Murdochville camp. ¹ (non 43-101 source MB95-44)
The properties are divided in 5 different sectors Vortex, In Between, Port Daniel, Murdochville A-B, R-Jean.
Vortex is a project in the sector of copper, molybdenum and gold. Located 25 kilometers west of Murdochville with 130 claims and having an area of 68 square kilometers. This project is separated in five blocks Madelaine de Vercheres, Courcy, B-O,Sullipeck East and Sullipeck which is historically known for its 5.5 Mt at 0.88% non-compliant with Rule 43-101 and shared with X-Strata. Over 46.535 meters of drilling spread over 347 surveys indicates the presence of Skarn and the possibility of open pit operation. Sullipeck occupies only 0.15 square kilometers of Project Vortex which comprise of Sulipeck East where an announcement in 2012 showed announced a discovery of 29m @ .94 % copper at 5.20m from surface this property hosts a similar geologic environment as Gaspe Copper.
Originally claimed in 2011 In Between was covering 517 sq/km and 920 claims. An airborne survey was flown in 2012 and followed in 2013 by a soil survey to determine the sectors with potential.
These surveys brought us to divided the In Between into four distinct blocks: the Landry block, the Wares block, the MacNeil block and the McDonald block that now consists of 200 sq/km and 315 mining claims. Additionally, geophysics and soil surveys were completed in 2012 and 2013 and the portion between Sullipek East and Gaspe Copper the MacNeill Block, is showing multiple new targets for further exploration and drilling The properties are part of NTS 22A13 and 22H04
In fall of 2013 Gespeg acquired the Port-Daniel property located inside the Gaspésie Peninsula, along the portion of Baie des Chaleurs at approximately 15 km north of the Municipality of Port-Daniel. It overlaps the northern border of the Port-Daniel Wildlife Reserve. Gespeg recently completed a sampling program assays pending. The property is included in the NTS 22A07.
The Murdochville property is located inside the Gaspé Peninsula, at approximately 2 km east of Murdochville and the former Gaspé Copper Mines. It overlaps the NTS 22A/14 map sheets, as well as the Holland Township. It is subdivided into two adjacent blocks: the Murdochville block and the B block.
The R-Jean property is located inside the Gaspé Peninsula in Quebec, at approximately 10 km south of Murdochville and the former Gaspé Copper Mines. It overlaps with the NTS 22A/13 and 22A/14 map sheets, as well as BonneCamps and Holland townships.
The lithostratigraphic formations, as well as the presence of magnetic signatures on the property, make it a prime target for exploration. These are similar to those that may be seen in the Gaspé Copper Mines environment and have not been subjected to major exploratory work in the past.
Gespeg is managed by an experienced team and a very high level board
Tom MacNeill, Chairman
Mr. MacNeill is the Founder, President and CEO of 49 North Resources Inc., a Canadian resource investment company headquartered in the Province of Saskatchewan. (TSX-Venture symbol FNR). As the first entity of its kind in the Province’s history, 49 North is a pioneer in what is rapidly becoming one of the world’s most renowned resource jurisdictions.
As a third generation resource developer with over 25 years of direct experience in resource investment and corporate finance, Mr. MacNeill has extensive connections both in Canada and internationally. Tom is a well-respected member of the resource industry and part of a worldwide network of exploration professionals and resource developers which enables him to source and structure projects
Sylvain Laberge, President & CEO, Director
Sylvain became part of a new company founded in 1999, Renmark Financial Communication an enterprise specialising in Investor Relations, where he became Vice –President and develop an interest for emerging companies and especially mining exploration. Having an entrepreneur spirit and wanting to achieve new goals Sylvain founded S.D.N.L. Financial Communication in 2007 where he is still President.
Bernard-Olivier (B.O) Martel Geo. Vice President exploration
Bernard-Olivier Martel graduated from the University of Quebec in Montreal in 1999. He is a member of the Order of Quebec Geologist and act as a Qualified Person under Canadian standard 43-101. His experience includes government services, engineering and geological and mineral exploration. Before and after his graduation, he worked on various mapping projects for the Department of Natural Resources of Quebec. Subsequently, as a founding member of an engineering laboratory, he became an expert specializing in pyritic backfill and mitigation of negative impacts on the foundations. Since 2004 he works exclusively for the mining industry as a consulting geologist for various exploration companies throughout Quebec and Ontario. As a geologist responsible for work of exploration for Threegold Resources Inc. for projects in Gaspesie, Bernard-Olivier Martel has acquired the knowledge and expertise essential to mineral exploration in this region.
Andrew Davidson, CA – CFO, Secretary and Director
A graduate of the University of Calgary (BComm), Mr. Davidson is a Chartered Accountant with Certification in both Saskatchewan and Alberta. Mr. Davidson’s extensive experience in Canadian and international financial reporting standards has been gained through years of experience in public practice accounting in both the Alberta and Saskatchewan markets, focusing specifically on assurance for publicly listed enterprises. Mr. Davidson is currently the Chief Financial Officer and Secretary of 49 North, an Exchange listed issuer under the stock symbol FNR. He also sits as a director of Allstar Energy Limited, Prairie First Energy Inc., Olympic Resources Inc. (TSX-V: OLA and Vicarage Capital Ltd
Tim Termuende – Independent Director
Mr. Termuende is a professional geologist with over 25 years’ experience in the mineral exploration industry. Since obtaining his degree in Geological Sciences at the University of British Columbia, Tim has worked on exploration projects throughout North, Central and South America and has inspected mineral deposits in the former Soviet Union. Mr. Termuende is currently the President and CEO of Eagle Plains Resources Ltd. (TSX-V: EPL), and currently oversees a broad range of ongoing exploration projects located throughout British Columbia, Saskatchewan, the Yukon and Northwest Territories.
Denis Clement – Independent Director
A graduate of Sir George Williams University, the University of Ottawa and the London School of Economics, Mr. Clement has 27 years of experience in corporate finance, law and management. Mr. Clement is currently a director of CGX Energy Inc. (an Exchange listed issuer under the stock symbol OYL), Azabache Energy Inc. TSX-V AZA), Vena Resources Inc. (TSX:VEM) DNI Metals as well as a number of private oil and gas and mining companies.
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