Gespeg Acquires Claims in Chibougamau and Gaspe and Begins Work on the Davidson Project
SASKATOON, Saskatchewan, June 23, 2020 (GLOBE NEWSWIRE) — GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”) , is pleased to announce that it has entered into a purchase agreement (the “Agreement“) with an arm’s length party (the “Vendor“), to acquire a 100% undivided interest of 9 claims in the Chibougamau Region and one additional claim in the Gaspe Peninsula part of the Native Copper Project. Under the terms of the Agreement, Gespeg is acquiring the Properties by paying the Vendor 200,000 shares.
Additionally, Gespeg announces that it has begun its initial exploration and prospecting work program in the Chibougamau region on the Davidson Project, which is a Joint Venture property with J.A. MacLeod Exploration. The goal of the program is twofold:To identify access and visit the known showings on the property. To use the information gathered to finalize the planned larger program in the fall. The Davidson Project is now comprised of 42 claims situated south of the past producing Icon Mine, which historically produced 1,616,567 tonnes of 3.07% copper. The property is adjacent to Route 167 north east of Chibougamau and has several known copper showings.Mr. Sylvain Laberge, President and CEO of Gespeg, remarks “We are pleased to increase our land position in these new projects. It furthers our mandate and goal to explore underexplored regions and we are pleased to start our JV with Jim MacLeod and build a great relationship.” About Gespeg Resources Inc.: Gespeg is an exploration company with a focus in strategic and energy metals in the underexplored Gaspe and Chibougamau regions of Québec. With a dedicated management team, the Company’s goal is to create shareholder value 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.GESPEG RESOURCES LTD.(signed) “Sylvain Laberge”Sylvain Laberge
President and CEO
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