DLP Resources Announces Commencement of 2023 Drilling at Aurora and Exploration Update
DLP Resources Announces Commencement of 2023 Drilling at Aurora and Exploration
Update
Cranbrook, British Columbia, (Newsfile Corp. – February 27, 2023) DLP Resources Inc. (“DLP” or the
“Company”) (TSXV:DLP) (OTCQB:DLPRF) is pleased to announce that drilling of the fourth diamond
drill hole, on the Aurora porphyry copper-molybdenum project in Peru, has commenced.
Exploration Update
DD-Moby Dick-NZOU (Sullivan-type Zn-Pb-Ag Targets)
DLP has terminated the option agreement to earn up to 75% of PJX Resources Incs’ (PJX) DD property
as of February 24, 2023. DLP will now focus on the Sullivan-type Zn-Pb-Ag targets on the Moby Dick
project and the NZOU project.
DLP and PJX each have a 50% interest in the Moby Dick property and DLP has an option to earn 100%
of the NZOU property (see DLP news release dated August 20, 2020).
PJX also has the right to earn a 50% interest in the NZOU property.
Aurora Project (Porphyry Cu-Mo Target)
Aurora is a porphyry copper-molybdenum project in Southern Peru with the potential to host a
significant copper-molybdenum mineralized system. (Figures 1, 2, 3 and 4). Drilling of three diamond
drills was completed in 2022 and results have been released for A22-001, A22-002 and A22-003 (see
DLP news releases dated December 05, 2022, and January 05, 2023). Significant copper and
molybdenum mineralization was reported from the 2022 drilling with A22-003 reporting 664.30m at
0.33% Cu, 483.14ppm Mo and 3.23g/t Ag from 38m to 702.30m including 218m at 0.69% Cu,
161.77ppm Mo and 5.65ppm Ag from 132m to 350m (see DLP news release of January 05, 2023).
Continued drilling along extensions of known copper-molybdenum mineralization to the west will be
done during the first half of 2023 (Figures 2, 3 and 4). Diamond drillhole A23-004 commenced on
February 21 on an azimuth of 120 degrees and an inclination of -70 degrees. Planned depth for A23-
004 is 700m.
Very encouraging quartz veining and visual copper and molybdenum mineralization was observed in
and around the drill platform of A23-004 and we expect to be in mineralized rock within the upper
30m (Figure 5).
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Figure 1: DLP Project areas with the Aurora and Esperanza properties shown.
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Figure 2. Historic drill holes, DLP-2022 drill holes and 2023 drill hole A23-004 on geology.
Figure 3. Historic drill holes, DLP -2022 drill holes and 2023 drill hole A23 -004 on chargeability - 50m
depth plan.
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Figure 4. Historic drill holes, DLP-2022 drill holes and 2023 drill hole A23-004 on geology.
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Figure 5. Aurora Copper -Molybdenum Project – Porphyry outcrop on Drill Platform A23 -004 with
quartz veins with molybdenite and chalcopyrite-covellite in matrix.
Hungry Creek and Copper Creek Projects (Sediment Hosted – Stratiform Copper -Silver-Cobalt
Targets)
Drilling of five drill holes (1442m) on Hungry Creek and one drill hole on Copper Creek (386.16m) was
completed at the end of August 2022 (Figures 6 and 7). Both the Hungry Creek and Copper Creek
drilling, targeted sediment hosted – stratiform copper-silver-cobalt mineralization within the middle
to Upper Creston Formation.
- 6 -
Figure 6. Location of Hungry Creek and Copper Creek Cu-Co Projects.
- 7 -
Hungry Creek Drilling Summary
Target 711 was the focus of the 2022 drilling at Hungry Creek where encouraging copper mineralization
was reported from seven grab and two float samples (see DLP press release dated November 30, 2021).
Copper up to 1.15% and anomalous silver of up to 3.51ppm together with anomalous cobalt (up to
117.6ppm) and barium (up to 4,274 ppm) were also reported.
Visual copper mineralization in the for m of chalcopyrite was observed in the 2022 drill holes on the
711 target (Figure 7). Intense sericite alteration in the upper Creston Formation quartzites together
with carbonate alteration in the form of ankerite was associated with the mineralization.
Anomalous copper and cobalt were encountered in the 711 drilling with the best intervals being:
▪ 9.17m of 114.21ppm Cu and 48.91ppm Co in HC22-01.
▪ 12.73m of 384.36ppm Cu and 3.11ppm Co from 154.08m to 166.73in HC22-02.
▪ 7m of 211.93ppm Cu and 4.86ppm Co from 39m to 46m in HC22-06.
HC22-01
HC 22 -01 commenced on July 24 ,2022 and was completed to 301.77m on July 28 , 2022 . Drilling
commenced in argillites of the Dutch Creek Formation down to 12m and then intersected Middle
Creston Formation quartzites and interbedded argillites down to 301.77m. Narrow gabbro sills were
noted from 42.40 – 45.72m and from 50 – 57.29m. Altera tion included moderate to intense
silicification and sericitization throughout the Middle Creston Formation down to 228.6m with the last
73.17m having moderate to strong sericite and chlorite alteration. Mineralization included pyrite and
chalcopyrite disseminated in the upper quartzite unit from 16 to 6 1.93m (see Figures 7, 8 and 9 and
Table 1).
o Sampling of zone with chalcopyrite from 16.9m to 61.93m returned the following
best results:
▪ 42.23m to 61.93m (19.70m) of 69.48ppm Cu and 34.28ppm Co.
▪ 50.00 to 59.16m (9.16m) of 114,21m Cu and 48.91ppm Co.
HC22-02
HC22-02 commenced on July 29, 2022 in Middle Creston Formation argillites and ended on August
01, 2022 at 300.50m in Middle Creston Formation Quartzites. (Figures 8 and 9 and Table 1).
o Sampling of the zone with chalcopyrite from 93.12m to 182.14m returned the
following:
▪ Interval from 122.28m to 132.50m (9.7m) of 218.87ppm Cu and 3.03ppm
Co.
▪ Interval from 154.08m to 166.73 (12.73m) of 384.36ppm Cu and 3.11ppm
Co.
▪ Anomalous copper values were observed throughout the sampled interval
with the highest value being 707ppm Cu from 162.97m to 163.59m.
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HC22-06
HC22-06 commenced on August 14. 2022 in overburden of the Dutch Creek Formation and ended on
August 16, 2022 at 300.50m in Middle Creston Formation Quartzites.
o Sampling of zones with visually disseminated chalcopyrite from 39m to 167.20m
was completed. Results returned a 7m interval from 39m to 46m with 211.93ppm
Cu and 4.86ppm Co. Spotty values of anomalous copper was observed throughout
the 64m interval with the highest value being 729ppm Cu from 62.50m to 63.00m.
Table 1: Summary of drill results for HC22-01, HC22-02 and HC22-06
Table 2: Diamond drill location, depth, azimuth and inclination
Hole From To Interval Cu Co Ba Zn
ID m m m ppm ppm ppm ppm
HC22-01 42.23 61.93 19.70 69.48 34.28 243.61 68.88
includes 50.00 59.16 9.16 114.21 48.91 126.84 101.95
HC22-02 122.28 132.5 9.70 218.87 3.03 343.36 7.43
154.08 166.73 12.73 384.6 3.11 1010.56 7.23
HC22-06 39.00 46.00 7.00 211.93 4.86 546.57 15.86
49.00 55.00 6.00 84.17 3.17 376.50 11.17
61.00 64.00 3.00 144.33 3.17 409.67 17.67
Hole Easting Northing Length Azimuth Inclination
ID m degrees degrees
HC22-01 529188 5498142 301.77 80 -50
HC22-02 529191 5498112 300.60 80 -70
HC22-06 529318 5497787 301.00 260 -50