DLP Resources Announces Receipt of Drill Permit for Hungry Creek – 711 Target Zone and Appoints Allan Frame to the Advisory Board
DLP Resources Announces Receipt of Drill Permit for Hungry Creek – 711 Target Zone and
Appoints Allan Frame to the Advisory Board
Cranbrook, British Columbia, (Newsfile Corp. – July 11, 2022) DLP Resources Inc. (“DLP” or the
“Company”) (TSXV:DLP) (OTCQB:DLPRF) announces receipt of drill permit for the Hungry Creek, 711
target zone and appoints Allan Frame to the Advisory Board. Drilling of 1800m off six drill pads on the
711-target zone is expected to commence in the next two weeks.
Hungry Creek – 711 Target Zone
The Hungry Creek property is comprised of 74 claims (Figure 1). The mineral claims cover
just over 38,852.92 hectares. Geologically the property is hosted within the Mesoproterozoic Belt-
Purcell basin and is being targeted for strata-bound Cu-Co-Ag analogous to other Belt-Purcell hosted
deposits such as Sheep Creek, Spar Lake, Rock Creek, Montanore (Montana), and the Blackbird district
(Idaho) – Figure 2.
The 711 Target zone at Hungry Creek will be the focus of the first six holes where very 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 (Figure 3).
Appointment of Allan Frame to Advisory Board
Al Frame has worked in the capital markets, in a variety of roles, including corporate finance,
investment advisor and partner in Securities firms for 47 years. In addition, Al has been the lead
underwriter for several junior resource companies IPO’s and subsequent financings. Al brings
considerable knowledge and contacts through the capital markets and has sat on and chaired several
committees for the Alberta Stock Exchange in the 1980’s and 1990’s.
Ian Gendall, President & CEO of DLP commented: “We are very pleased to have Al Frame accept the
position on our Advisory Board. Al brings enormous value to the Company with his wealth of
experience in raising millions of dollars for exploration companies over his 47 years in the Financial
Services and Securities business”.
DLP Resources Inc. - News Release - July 11, 2022
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Figure 1: DLP Project areas with Hungry Creek and Copper Creek properties shown.
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Figure 2. Hungry Creek and Copper Creek Claims Shown within Belt Purcell Supergroup Outcrops and
Comparative Stratigraphy for Sediment Hosted Copper Deposits in NW Montana and N Idaho.
DLP Resources Inc. - News Release - July 11, 2022
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Figure 3: The 711 Target Zone at Hungry Creek
Qualified Person
David L. Pighin, consulting geologist and co-founder of DLP Resources, is the qualified person of the
Company as defined by National Instrument 43-101. Mr. Pighin has reviewed and approved the
technical contents of this news release.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and
Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the
DLP Resources Inc. - News Release - July 11, 2022
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OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional
information.
FOR FURTHER INFORMATION PLEASE CONTACT:
DLP RESOURCES INC.
Ian Gendall, CEO & President
Jim Stypula, Executive Chairman
Robin Sudo, Chief Financial Officer and Corporate Secretary
Maxwell Reinhart, Investor Relations
Telephone: 250-426-7808
Email: [email protected]
Email: [email protected]
Email: [email protected]
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such
words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This
information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the
date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts
and statements as to management's expectations and intentions with respect to drilling on the Hungry Creek-Copper Creek
properties in SW British Columbia.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results
suggested in any forward-looking statements. These risks and uncertainties include, among other things drill results expected from
Hungry Creek-Copper Creek properties in SW British Columbia.
Although management of the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that
reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-
looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe harbor.
DLP Resources Inc. - News Release - July 11, 2022