DLP Resources Announces Start of Drilling on the Gerry Vent, DD Project
DLP Resources Announces Start of Drilling on the Gerry Vent,
DD Project
Cranbrook, British Columbia, (Newsfile Corp.–Feb 16, 2021)– DLP Resources Inc. (TSXV:DLP) is pleased
to announce that the drilling of the Gerry Vent target on the DD Property has commenced (Figure 1).
Hole DD21-01 will be drilled to test the MT resistivity anomaly which coincide s with the known mapped
surface outcrop of albite, actinolite and tourmaline alteration within a breccia extending over an area of
approximately 400m x 100m. Visible mineralization of sphalerite (Zn) and galena (Pb) occurs within the
breccia.
The depth of the Sullivan-type Zn -Pb-Ag target zone is between 300 to 600m below surface where a
strong conductive body is identified by a magnetotelluric (MT) resistivity anomaly of between 20- and
60-ohm metres (Figures 1 and 2).
Ian Gendall, President of DLP commented: “ We are excited to start drilling the m any encouraging MT
targets reported in early December 2020 (News Release – December 03, 2020, see Figures 3 and 4). We
will be targeting the Gerry Vent are a to start with, and two holes are planned for the winter program .
The Gerry Vent has a shallow Zn-Pb-Ag target zone which is developed within the Middle Aldridge
Formation and extends to the NE where we plan to drill a second hole”.
David L. Pighin, consulting geologist and co -founder of DLP Resources, is the qualified person (“QP”) of
the Corporation as defined by National Instrument 43 -101. Mr. Pighin has reviewed and approved the
technical contents of this news release.
Figure 1: Titan MT resistivity plan at 1000m elevation with DD21-01 on the Gerry Vent.
Figure 2: Titan MT resistivity section along Line 5N showing the 2021 drill hole DD21-01 targeting the
Gerry Vent.
Figure 3: Titan MT resistivity plan at 0m elevation with planned drill holes.
Figure 4: Simplified plan showing MT anomalies at 0m elevation on the DD-Moby Dick and NZOU
Properties and DD21-01 drill hole
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia,
exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP. Please refer to our
web site www.dlpresourcesinc.com for additional information.
FOR FURTHER INFORMATION PLEASE CONTACT: DLP Resources Inc.
Ian Gendall, President
Jim Stypula, Chief Executive Officer
Robin Sudo, Chief Financial Officer and Corporate Secretary
Telephone: 250-426-7808
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.
Forward-Looking Information
This News Release contains forward -looking statements. Forward looking statements are statements which relate
to future events. Forward -looking statements include, but are not limited to, statements with respect to
exploration results, the success of exploration activities, mine development prospects, completion of economic
assessments, and future gold production. In some cases, you can identify forward- looking statements by
terminology such as “may”, “appears to”, “should”, “expects”, “plans”, “anticipates”, believes”, “estimates”,
“predicts”, “potential”, or “continue” or t he negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks, uncertainties and other factors that may
cause our actual results, level of activity, performance or achievements to be materially different from any future
results, levels of activity, performance, or achievements expressed or implied by these forward -looking-
statements.
Although DLP has attempted to identify important factors that could cause actual actions, events or res ults to
differ materially from those described in forward -looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-
looking 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.