SASKATOON, SASKATCHEWAN--(Marketwired - Oct. 8, 2013) - GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg") is pleased to announce the update from our summer exploration on the In-Between Project. During the summer of 2013, Gespeg initiated a soil geochemical survey in the southern part and the northern-west part of the In-Between property. The purpose of these soil survey was to define exploration targets for copper (Cu), silver (Ag), gold (Au) and other metals. A total of 4254 samples were collected.
The statistical study suggested correlation assemblages commonly associated with four types of mineralisation or geological environments:
1- Hydrothermal systems
2- Quartz-carbonate veins
3- Mafic intrusions
4- Ultramafic intrusions
The soil survey results are showing 23 anomalous zones associated with diverse anomalous elements. The follow-up work recommended consists of prospecting and trenching.
Furthermore, a total of 37 samples with high metal values have been collected and are interpreted to lie directly above a potential mineralized zone. These are therefore top priority targets for prospecting and likely trenching.
Mr. Sylvain Laberge, President and CEO of Gespeg remarks "we are very pleased with the results of the geochemical survey. It confirms how we view the properties and provides more certainty as to where we will focus our exploration program, which is likely to begin in early 2014".
Additionally, Gespeg announces the cancellation of the second closing of the private placement announced on May 16, 2013.
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: Gespeg Copper is dedicated to creating shareholder value through the discovery of new copper deposits in the underexplored region of Gaspé, Québec, Canada.
The Gaspé Peninsula is a prolific copper district, having hosted the historic Noranda Mines camp, in operation from 1954 to 1999. The grades produced from this mine were among the highest mined to date.
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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