DLP Resources Announces Commencement of 2024 Drilling at Aurora
DLP Resources Announces Commencement of 2024 Drilling at Aurora
Cranbrook, British Columbia, (Newsfile Corp. – April 30, 2024 ) DLP Resources Inc. (“DLP” or the “ Company”)
(TSXV:DLP) (OTCQB:DLPRF) is pleased to announce that drilling of the fourteenth diamond drill hole, on the Aurora
porphyry copper-molybdenum project in Peru, has commenced.
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, 4 and 5). Drilling of thirteen diamond drillholes was completed in
December 2023 and results have been released for all thirteen holes (see DLP news release dated January 04, 2024).
A summary of results for the 2022-23 drilling are highlighted in Table 1 below.
Continued drilling along extensions of known copper -molybdenum mineralization to the northeast and southeast
will be done during 2024 (Figures 2 and 3). Diamond drillhole A24-014 commenced on April 24 on an azimuth of 050
degrees with an inclination of -70 degrees. A23-014 will be drilled approximately 270m to the northeast of A23-013
to a planned depth of 1000m.
Mr. Gendall, President and CEO commented: “A23-014 will be drilled on the NE limit of our 2023 drilling to expand
copper and molybdenum mineralization into the NE area. It was to the NE in late 2023 that we encountered veined,
brecciated rock samples on surface which reported anomalous copper and molybdenum mineralizatio n in assay
results received. We are extremely excited with the initiation of this 2024 drill program with a planned 10,000m of
drilling and look forward to results in early June.”
Table 1. Summary of significant drill results for diamond drillholes A22-01 to A23-013. All grades are length-weighted
averages of samples within the interval reported.
Hole From To Interval1 Description
Cu
(total) Mo Ag Cueq*
ID m m m % % g/t %
A22-001 22.45 145.80 123.35 Oxidized/Mixed 0.49 0.0036 4.20 0.51
Includes 100.35 145.80 45.45 Enriched 0.64 0.0017 3.40 0.65
100.35 124.30 23.95 Enriched 0.87 0.0024 3.43 0.88
108.65 124.30 15.65 Enriched 1.09 0.0033 3.00 1.11
A22-002 208.00 422.40 214.40 Oxidized/Mixed/Primary 0.35 0.0114 3.95 0.41
Includes 244.00 296.00 52.00 Primary 0.52 0.0131 4.53 0.59
A22-003 38.00 702.30 664.30
Partially leached
/Mixed/Enriched/Primary 0.33 0.0483 3.23 0.58
Includes 132.00 350.00 218.00 Mixed sulphides/Enrichment 0.69 0.0162 5.65 0.77
206.00 350.00 144.00 Enriched 0.75 0.0097 5.87 0.80
258.00 350.00 92.00 Enriched 0.83 0.0071 6.81 0.87
522.00 702.30 180.30 Primary (Moly rich) 0.07 0.1284 0.73 0.74
A23-004 0.00 700.90 700.90 Leached/Mixed/Enriched/
Primary 0.18 0.142 2.47 0.92
Includes 110.90 333.00 222.10 Mixed/Enriched/Primary 0.46 0.056 5.88 0.75
110.90 264.00 153.10 Mixed/Enriched 0.53 0.058 7.07 0.83
Hole From To Interval1 Description
Cu
(total) Mo Ag Cueq*
ID m m m % % g/t %
421.00 502.00 81.00 Primary (Molybdenum rich) 0.12 0.152 0.84 0.91
502.00 700.90 198.90 Primary (Molybdenum rich) 0.02 0.273 0.17 1.44
A23-005 130.00 188.00 58.00 Mixed/Enriched 0.43 0.054 3.38 0.71
188.00 302.00 114.00 Primary 0.14 0.076 1.38 0.54
302.00 472.00 170.00 Primary (Molybdenum rich) 0.1 0.11 1.05 0.67
472.00 693.40 221.40 Primary (Molybdenum rich) 0.03 0.259 0.95 1.38
A23-006 91.00 708.50 617.50 Mixed/Enriched/Primary 0.17 0.148 1.82 0.94
Includes 91.00 127.00 36.00 Mixed/Enriched 0.62 0.031 9.10 0.78
321.00 708.55 387.55 Primary (Molybdenum rich) 0.07 0.205 0.74 1.14
A23-007 0.00 708.25 708.25 Partially
Leached/Primary/Hornfels 0.25 0.0137 3.07 0.32
Includes 206.00 406.00 200.00 Primary/Hornfels 0.37 0.003 3.83 0.39
206.00 254.00 48.00 Primary/Hornfels 0.57 0.002 5.33 0.58
272.00 306.00 34.00 Primary/Hornfels 0.48 0.003 6.33 0.50
A23-008 3.10 703.65 700.55 Primary/Hornfels+Porphyry 0.10 0.0852 1.18 0.54
Includes 402.00 703.65 301.65 Primary/Porphyry 0.03 0.1548 0.26 0.84
A23-009 0.40 790.55 790.15 Primary/Hornfels+Breccia+
Porphyry 0.27 0.0095 2.39 0.32
Includes 303.00 617.00 314.00 Primary/Hornfels+Breccia+
Porphyry 0.37 0.0144 2.86 0.45
561.00 617.00 56.00 Primary/Porphyry + Breccia 0.52 0.0144 3.46 0.60
A23-010 0 1002.55 1002.55
Leached/Mixed/Enriched/
Primary 0.20 0.0838 2.19 0.66
Includes 190.00 218.00 28.00 Mixed/Enriched 0.86 0.0015 8.41 0.94
190.00 315.00 125.00 Mixed/Enriched/Primary 0.43 0.0082 4.65 0.51
543.00 625.00 82.00 Primary - Breccia zone 0.37 0.0618 3.51 0.72
543.00 1002.55 459.55 Primary 0.09 0.1754 0.9 1.01
A23-011 3.10 1081.70 1078.60
Leached+Mixed & Primary
Mineralization/Hornfels+
Porphyry 0.16 0.0606 1.69 0.49
Includes 111.00 1081.70 970.70
Mixed & Primary
Mineralization/Hornfels+
Porphyry 0.17 0.0667 1.81 0.53
Includes 111.00 524.00 413.00
Mixed & Primary Mineralization
/Hornfels+Porphyry 0.28 0.0112 2.40 0.36
Hole From To Interval1 Description
Cu
(total) Mo Ag Cueq*
ID m m m % % g/t %
Includes 183.00 215.00 32.00
Mixed & Primary
Mineralization/Hornfels+
Porphyry 0.44 0.0125 3.69 0.54
524.00 1081.70 557.70
Primary
Mineralization/Porphyry 0.09 0.1078 1.38 0.66
Includes 716.00 1081.70 365.70
Primary
Mineralization/Porphyry 0.07 0.1403 0.66 0.81
A23-012 0.00 5.65 5.65 Overburden (not sampled) - - - -
5.65 887.60 881.95
Primary Mineralization/Hornfels
+ Porphyry 0.18 0.0514 1.68 0.46
Includes 5.65 22.00 16.35
Primary Mineralization +
Enriched/Breccia 0.49 0.0499 6.53 0.80
Includes 5.65 192.00 186.35
Primary Mineralization/Hornfels
+ Porphyry 0.15 0.0643 1.74 0.50
Includes 406.00 544.00 138.00
Primary
Mineralization/Porphyry 0.45 0.0390 3.08 0.68
Includes 600.00 887.60 287.60
Primary
Mineralization/Porphyry 0.07 0.0962 0.93 0.58
Includes 692.00 887.60 195.60
Primary
Mineralization/Porphyry 0.06 0.1083 0.37 0.62
A23-013 0.00 208.00 208.00
Leached and partially leached
porphyry 0.11
0.0038 1.46 0.14
208.00 981.20 773.20
Leached and partially
leached/weak enrichment/
primary mineralization in
porphyry and breccia 0.17
0.1221 1.91 0.82
Includes 208.00 530.00 322.00
Weak copper
enrichment/Primary
mineralization in porphyry 0.34 0.0278 3.43 0.51
Includes 208.00 360.00 152.00
Weak copper
enrichment/Primary
mineralization in porphyry 0.38 0.0056 4.13 0.44
360.00 530.00 170.00
Primary mineralization in
breccia and porphyry 0.30 0.0490 2.78 0.57
530.00 981.20 451.20
Primary mineralization in
Porphyry 0.05 0.1883 0.72 1.04
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo, Cu and Ag values are uncut, and core
recovery is assumed to be 100% for the entire drilled lengths of A23-01 to A23-013. The project is at an early stage of
exploration and conceptual recoveries of Cu 85%, Mo 82%, and Ag 75% are assigned to the CuEq calculations.
Conversion of metals to an equivalent copper grade based on these metal prices is relative to the copper price per unit
mass factored by conceptual recoveries for those metals normalized to the conceptualized copper recovery. The metal
equivalencies for each metal are added to the copper grade. The formula for this is: CuEq % = Cu% + (Mo% * (Mo
recovery / Cu recovery) * (Mo $ per lb / Cu $ per lb) + (Ag g/t * (Ag recovery / Cu recovery) * (Ag $ per oz/ 31.1034768) /
(Cu $ per lb* 22.04623)).
*Copper equivalent calculations use metal prices of Cu - US$3.34/lb, Mo - US$18/lb and Ag - US$21.87/oz.
1 Intervals are downhole drilled core lengths. Drilling data to date is insufficient to determine true width of
mineralization. Mo, Cu and Ag values are uncut.
Quality Control and Quality Assurance
DLP Resources Peru S.A.C, a subsidiary of DLP Resources Inc. , supervises drilling and carries out sampling of HTW , NTW
and BTW core. Logging and sampling are completed at a secured Company facility situated on the project site. Sample
intervals are nominally 1.5 to 3m in length. Drill core is cut in half using a rotary diamond blade saw and samples are sealed
on site before transportation to the ALS Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff.
Prepared samples are sent to Lima by ALS Peru S.A.C. for analysis. ALS Peru S.A.C. is an independent laboratory. Samples
are analyzed for 48 elements using a four -acid digestion and ICP-MS analysis (ME-MS61). In addition, sequential copper
analyses are done where secondary copper mineralization is observed and reports, soluble copper using sulphuric acid
leach, soluble copper in cyanide leach, residual copper and total copper . ALS meets all requirements of International
Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures.
DLP Resources independently monitors quality control and quality assurance (“QA/QC”) through a program that includes
the insertion of blind certified reference materials (standards), blanks and pulp duplicate samples. The company is not
aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data
reported from all thirteen drillholes.
Aurora Project History
Aurora Project is an advanced stage porphyry copper-molybdenum exploration project in the Province of Calca, SE Peru
(Figure 1). The Aurora Project was previously permitted for drilling in 2015 but was never executed. Thirteen historical
drillholes, drilled in 2001 and 2005 totaling 3,900m were drilled over an area of approximately 1000m by 800m, cut
significant intervals of copper and molybdenum mineralization. From logging of the only three remaining holes DDA-01,
DDA-3A and DDA-3 and data now available, it appears that only three of the thirteen holes tested the enriched copper
zone and only one hole drilled deep enough to test the primary copper and molybdenum zone (see DLP Resources Inc.
news release of May 18, 2021).
Salient historic drillhole data of the Aurora Project are:
• 190m @ 0.57% Cu, 0.008% Mo in DDA-1 with a high-grade intercept of 20m @ 1.01% Cu related to a supergene
enrichment zone of secondary chalcocite;
• 142m @ 0.5% Cu, 0.004% Mo in DDA-3;
• 71.7m @ 0.7% Cu, 0.007% Mo in DDA-3A (see historical Focus Ventures Ltd. news release July 11, 2012); and
• One of the historical holes ABC-6 drilled on the edge of the system intersected 78m @ 0.45% Cu and 0.107% Mo
(Figure 2).
A review of the historical drilling indicates that the majority of the thirteen holes were drilled in the leached and partially
leached zones of the porphyry system. Ten of the thirteen holes never fully tested the oxide and secondary enrichment
zone and/or the primary copper zone at depth encountered in DDA-01. Copper-molybdenum mineralization is hosted by
quartz-feldspar porphyries intruded into slates-hornfels and pelitic sandstones belonging to the Ordovician (439 - 463
ma) Sandia Formation.
Figure 1: Aurora Location.
Figure 2: Aurora Project – Plan view showing drilling by DLP in 2022-2023 with A23-013 and current drillhole A24-014.
Figure 3: Aurora Project – Magnetics-analytic signal plan with downhole values for copper (%) shown on drillholes with
molybdenum (ppm) shown as bar graphs to right of drillholes. A23-014 drillhole shown with projection in yellow.
Figure 4: Aurora Project – Grab samples from NE Zone
Figure 5: Aurora Project – Grab samples from NE Zone. Copper-oxides and sulphides of pyrite and chalcopyrite on
fractures and in veinlets of hornfels and siltstones.