DLP Resources Expands Copper and Molybdenum zone on the 100 % Owned Esperanza Project with an Additional 53 Rock Samples Returning up to 3.46 % Cu, 130.5ppm Mo, 7930ppm Zn and 245ppm Co

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DLP Resources Inc. expands copper and molybdenum zone on the 100% owned Esperanza Project with an additional 53 rock samples returning up to 3.46% Cu, 130.5ppm Mo, 7930ppm Zn, and 245ppm Co. The project, located in Southern Peru, shows highly anomalous copper, molybdenum, cobalt, and zinc values in quartz diorite and polymictic breccias. These findings are encouraging for potential mineralization at depth in the porphyry copper belt.

Cranbrook, British Columbia--(Newsfile Corp. - April 25, 2024) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces receipt of the second phase of rock sampling results from the Esperanza porphyry copper-molybdenum project immediately south of the Chapi Mine in Southern Peru (Figure 1).

Results for the additional 53 rock samples taken in the initial reconnaissance sampling and mapping of the northwestern part of the project have returned highly anomalous copper, molybdenum, cobalt and zinc in mapped intrusive stocks and polymictic breccias within the overlying volcanics (Figures 2, 3, 4, 5 and 6).

Highlights

1. Fifteen of the fifty-three rock chip samples returned values between 0.3% Cu and 3.46% Cu (Table 1 and Figure 2). These samples were taken from outcropping quartz diorite and polymictic breccias with visible copper-oxides, iron oxides and tourmaline in fractures.
2. Rock chip samples with high copper grades included:
   • Sample 1208 - 0.69% Cu, 130.50ppm Mo, 7930ppm Zn and 42.30ppm Co.
   • Sample 1226 - 1.84% Cu, 1.38ppm Mo, 1115ppm Zn and 42.50ppm Co.
   • Sample 1227 - 1.71% Cu, 5.56ppm Mo, 2490ppm Zn and 176.50ppm Co.
   • Sample 1229 - 3.46% Cu, 16.15ppm Mo, 1480ppm Zn and 185ppm Co.
   • Sample 1231 - 1.26% Cu, 2.43ppm Mo, 1050ppm Zn and 39.60ppm Co.
   • Sample 1232 - 0.70% Cu, 3.75ppm Mo, 487ppm Zn and 22.50ppm Co.
   • Sample 1237 - 1.54% Cu, 6.34ppm Mo, 774ppm Zn and 57.20ppm Co.
   • Sample 1240 - 0.82%Cu, 4.10ppm Mo, 410ppm Zn and 17.10ppm Co.

See Table 1 for the anomalous set of results for the second phase of rock chip samples and Table 2 for the first phase of anomalous results reported on March 13, 2024 (see DLP Resources Inc., news release of March 13, 2024).

Mr. Gendall, President and CEO commented: "With two phases of rock sampling and mapping completed on the Esperanza project, an area of 3.5km x 1.5km has now been identified with anomalous copper and molybdenum in rock samples. These anomalous copper-molybdenum values coupled with other porphyry copper indicators are very encouraging for locating a mineralized system at depth in this porphyry copper belt immediately south of the Chapi copper mine."

Table 1. Summary of Select Rock Chip Results for the Esperanza Porphyry Cu-Mo Project - Phase 2.

SAMPLE	Northing	Easting	Elev.	Cu	Mo	Zn	Co	Description
No	m	m	m	%	ppm	ppm	ppm	Rock Chip Samples 2x2m Sampling Area
1201	8134576	243185	1711	<0.01	15.3	33	0.7	Qtz-Tourmaline breccia
1202	8134575	243085	1721	<0.01	22.5	67	0.8	Intensely fractured diorite with FeOx boxworks
1203	8134566	243075	1707	<0.01	23.2	69	0.9	Diorite with SS clasts and Fe-oxides + Tourmaline
1204	8134585	243094	1710	<0.01	41.2	98	5.1	Sandstone with Fe-oxides + Quartz-sericite
1205	8134584	243102	1721	<0.01	20.5	63	9.9	Diorite with argillic alteration + intense veining of Fe oxides
1206	8134570	243107	1712	0.01	35.3	20	1.7	Diorite + Veining with FeOx + Mn + Neo + Tm
1207	8134507	243151	1714	0.02	37.8	107	58.5	Diorite + Veining with FeOx + Tm
1208	8134485	243190	1729	0.69	130.5	7930	42.3	Diorite, Arg, with SS and Qtz vlts and FeOx boxworks +Tm
1209	8134293	243141	1716	0.01	11.05	146	13.8	Diorite, Arg with SS and Qtz vlts and FeOx boxworks +Tm
1210	8134454	243330	1729	0.04	37.3	45	4.8	Diorite, Arg altered, qtz-FeOx + Tm + fine alunite? in matrix.
1211	8134676	242844	1728	0.02	34	138	10.9	Diorite Sil, Qtz vlts, Mn-Tm, intense angular fractures.
1214	8134817	242754	1729	0.01	17.35	23	9.3	Diorite, Arg Alteration, Vlts of Qz, FeOx, Mn +Tm
1215	8134846	242718	1728	0.01	20.2	33	33.7	Polymictic Bx frag of SS with FeOx veins + Mn
1217	8134918	242865	1718	0.01	7.48	22	11.7	Diorite QSP with Qtz vlts and FeOx-Mn
1218	8134971	242872	1711	0.01	7.37	23	11.6	Diorite QS with FeOx, Mn veins + intense fractures.
1226	8136321	244504	1886	1.84	1.38	1115	42.5	Polymictic Bx, pseudostratified with presence of malachite
1227	8136164	244682	1852	1.71	5.56	2490	176.5	Polymictic Bx, pseudostratification + malachite and Mn
1229	8136181	244817	1852	3.46	16.15	1480	185	Polymictic Bx?, with malachite and Mn in matrix
1230	8136224	244609	1887	0.46	5.73	373	11.8	Polymictic Bx?, with malachite and Mn in matrix
1231	8136198	244557	1589	1.26	2.43	1050	39.6	Polymictic Bx?, with malachite and Mn in matrix
1232	8136152	244500	1884	0.7	3.75	487	22.5	Subhorizontal polymictic Bx with malachite and Mn in matrix
1234	8136108	244494	1876	0.41	4.77	553	54	Polymictic Bx with malachite and Mn in subhorizontal horizons
1235	8136033	244518	1878	0.44	5.02	547	24.1	Polymictic Bx with malachite and Mn in subhorizontal horizons
1236	8136080	244564	1853	0.76	7.91	1270	245	Polymictic Bx with malachite and Mn in subhorizontal horizons
1237	8135958	244587	1856	1.54	6.34	774	57.2	Polymictic Bx with malachite, atacamite and Mn
1239	8135880	244513	1863	0.25	4.36	379	20.6	Polymictic Bx with malachite in a subhorizontal horizon
1240	8135792	244510	1861	0.82	4.1	410	17.1	Polymictic Bx with malachite in a subhorizontal horizon
1241	8135679	244568	1852	0.38	6.14	506	26.5	Polymictic Bx with malachite in a subhorizontal horizon
1242	8135353	244010	1789	0.12	3.2	2100	146	Polymictic Bx with malachite in a subhorizontal horizon
1244	8135443	244065	1792	0.32	4.38	1500	115	Polymictic Bx with malachite in a subhorizontal horizon
1245	8134403	242718	1674	0.01	14	31	8.9	Diorite, Arg., with Mn in irregular veins
1246	8134540	242985	1691	0.01	51	241	34.4	Diorite, Arg., with Mn in irregular veins
1247	8134364	242830	1667	<0.01	23	55	3.5	Diorite, Qtz, Tm, FeOx in boxworks + intense fracturing + veins
1249	8134200	242674	1645	<0.01	5.79	49	6.3	Quartzite/SS with FeOx in veinlets/fractures and presence of Tm
1250	8134158	242640	1637	<0.01	17.05	11	1.6	Quartzite/SS with FeOx in veinlets/fractures and presence of Ser
1751	8134093	242562	1628	<0.01	26.9	48	19.7	Bx of quartzite/SS with FeOx boxworks + FeOx in fractures
1752	8134627	242082	1626	<0.01	12.2	84	18.1	Diorite, Arg, FeOx + quartzite/SS with FeOx boxworks
1754	8134434	242254	1645	0.02	59.5	89	1.7	Vein?, QSP, malachite and OxFe in fractures and boxworks
1755	8134249	242291	1634	<0.01	12.3	7	1.1	Bx, QSP +FeOx boxworks +quartz
1756	8134244	242276	1643	<0.01	4.87	27	3.6	Bx, QSP, presence of FeOx boxworks + quartz
1757	8134220	242248	1651	<0.01	10.25	139	29.4	Bx, subangular fragments, Qtz-Tm?
1759	8134070	242351	1607	<0.01	10.05	29	2.8	Diorite, QSP, FeMo in fractures, FeOx +intense fracturing
1760	8134168	242265	1644

FAQ

What are the key highlights of the rock samples from the Esperanza Project?

Fifteen of the fifty-three rock chip samples returned values between 0.3% Cu and 3.46% Cu. Samples show visible copper-oxides, iron oxides, and tourmaline in fractures.

What are the significant findings of the second phase of rock chip samples at Esperanza Project?

The rock chip samples revealed anomalous copper, molybdenum, cobalt, and zinc values in mapped intrusive stocks and polymictic breccias.

Who commented on the completion of two phases of rock sampling on the Esperanza project?

Mr. Gendall, President and CEO of DLP Resources Inc., mentioned the identification of an area with anomalous copper and molybdenum, signaling potential mineralization in the porphyry copper belt.