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About DLP Resources Inc.
DLP Resources Inc. (OTCQB: DLPRF, TSXV: DLP) is a dynamic mineral exploration company strategically focused on the discovery and development of base metals and cobalt resources. Headquartered in Cranbrook, British Columbia, the company operates in two of the world's most prolific mining jurisdictions: southeastern British Columbia, Canada, and southern Peru. Leveraging its technical expertise and commitment to innovation, DLP Resources is dedicated to advancing exploration projects that target critical metals essential for the global energy transition.
Core Business and Market Position
DLP Resources specializes in identifying and exploring high-potential mineral deposits, with a particular focus on copper, molybdenum, silver, zinc, and cobalt. The company’s flagship project, the Aurora Porphyry Copper-Molybdenum Project in southern Peru, underscores its strategic emphasis on large-scale, high-grade polymetallic systems. With 24 diamond drillholes completed to date, Aurora has demonstrated significant copper, molybdenum, and silver mineralization, positioning it as a world-class asset. DLP also explores base metals in British Columbia, including the NZOU project, which targets Sullivan-type zinc-lead-silver deposits.
Key Projects
- Aurora Project (Peru): A porphyry copper-molybdenum-silver system located in the Yanatile District, Cusco. Aurora has undergone extensive drilling, revealing a maiden mineral resource of 1,050 million tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver. The project benefits from straightforward metallurgy, with high recoveries of copper (95.8%), molybdenum (86.4%), and silver (89.3%) achieved in recent metallurgical studies.
- NZOU Project (Canada): Situated in southeastern British Columbia, this project targets Sullivan-type zinc-lead-silver mineralization. Drilling has intersected promising alteration zones and geophysical anomalies, highlighting the potential for a significant critical metals system.
Industry Context and Competitive Advantage
DLP Resources operates in a competitive landscape of junior exploration companies. However, its dual geographic presence in Canada and Peru, combined with a focus on critical metals, sets it apart. The company’s projects align with growing global demand for copper and molybdenum, driven by the electrification of transportation and renewable energy infrastructure. Additionally, its technical expertise, rigorous QA/QC protocols, and partnerships with independent laboratories enhance its credibility and operational efficiency.
Exploration Expertise and Commitment to Quality
DLP Resources employs advanced geological mapping, geophysical surveys, and diamond drilling to systematically evaluate its projects. The company adheres to strict quality assurance and quality control (QA/QC) standards, ensuring the reliability of its exploration data. Collaborations with reputable laboratories, such as ALS Peru S.A.C., further underscore its commitment to scientific rigor and transparency.
Strategic Vision
While DLP Resources focuses on early-stage exploration, its long-term strategy involves advancing projects to the resource definition stage and potentially partnering with larger mining companies. By targeting metals critical to the green energy transition, the company is well-positioned to capitalize on emerging market trends.
Conclusion
With a robust portfolio of exploration projects in two world-class mining regions, DLP Resources Inc. exemplifies the potential of junior mining companies to drive innovation and discovery in the resource sector. Its focus on critical metals, combined with a disciplined exploration approach, positions it as a key player in the global push for sustainable resource development.
DLP Resources has announced results from drillhole A24-016 at the Aurora Project in southern Peru, revealing significant copper-molybdenum-silver mineralization. Highlights include:
- 0.32% CuEq over 1080.15m from 0.00m to 1080.15m
- 0.48% CuEq over 89.00m from 0.00m to 89.00m
- 0.24% CuEq over 535.00m from 329.00m to 864.00m
- 0.82% CuEq over 216.15m from 864.00m to 1080.15m
Drillhole A24-016, drilled to a depth of 1080.15m, intersected varying mineralization zones, with the highest copper equivalent concentration at 0.82% CuEq between 864m and 1080.15m. The ongoing exploration will further validate these findings. Drilling continues with holes A24-017 and A24-018, with results expected in late September and early October.
DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) has released corrected results for drillhole A24-015 on its Aurora porphyry copper-molybdenum-silver project in southern Peru. The hole intersected 0.19% CuEq over 966.50m, including 0.41% CuEq over 431.00m and 0.70% CuEq over 179.50m. This step-out hole extends copper mineralization 220m east-southeast of the previous drill hole. The company is currently drilling two more holes in the east-northeast zone and expects further results in August. The Aurora Project is an advanced stage exploration project with significant historical drill results, including 190m @ 0.57% Cu, 0.008% Mo in a previous hole.
DLP Resources Inc. (TSXV:DLP) (OTCQB:DLPRF) has announced significant drill results from hole A24-015 at its Aurora porphyry copper-molybdenum-silver project in southern Peru. The hole intersected 0.19% CuEq over 966.50m, including 0.41% CuEq over 431.00m and 0.70% CuEq over 179.50m. This step-out hole extends copper mineralization 220m east-southeast of previous drilling, expanding the project's footprint. The company is currently drilling two additional holes in this zone. CEO Mr. Gendall expressed optimism about the expanding mineralization and anticipates further results in August.
DLP Resources has announced drill results from hole A24-014 at the Aurora Project in Southern Peru. The hole, drilled 250m northeast of A23-013, intersected 66m of 0.42% Cu and 4.89g/t Ag within a 202m interval of 0.25% Cu and 2.93g/t Ag. Total drilling depth reached 641.30m but was by faulting and fracturing. The hole also revealed notable intervals, including 534.30m at 0.14% Cu and 2.09g/t Ag, although it did not reach the intended molybdenum zone. Currently, a second drill is operational at the site to expand the exploration. The Aurora Project, an advanced-stage copper-molybdenum venture, saw historic drilling results indicating substantial copper and molybdenum mineralization.
DLP Resources has resumed drilling on the NZOU critical metals project in SE British Columbia, targeting a Sullivan-type Zn-Pb-Ag system. The drilling, which paused due to permit restrictions, resumed on June 18, 2024. Initial drilling showed intense alteration zones and traces of sphalerite at different depths. The drilling aims to explore a magnetotelluric (MT) anomaly and expand the knowledge of the Sullivan horizon's thickness. Historical data and previous drill results suggest significant mineralization potential along a 5km geophysical trend. Additionally, DLP granted 230,000 stock options and 100,000 restricted share units to key personnel.
DLP Resources Inc. announced that Mr. Donald Njegovan is stepping down as a Director to focus on his duties at OSISKO Mining Inc. The company will search for a new Director with suitable experience.
DLP Resources Inc. announces the commencement of the 2024 drilling program at the Aurora porphyry copper-molybdenum project in Peru. The company plans to drill along extensions of known mineralization to the northeast and southeast. Significant drill results from 2022-23 have been released, with upcoming results expected in early June 2024.
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