DLP Resources intersects 138m of 0.68 % CuEq* within an 881.95m interval of 0.46% CuEq* on the Aurora Project in Southern Peru and discovers new copper oxide zone to the east of the current drilling.
DLP Resources intersects 138m of 0.68 % CuEq* within an 881.95m interval of 0.46% CuEq* on the
Aurora Project in Southern Peru and discovers new copper oxide zone to the east of the current drilling.
Cranbrook, British Columbia, (Newsfile Corp. – November 14, 2023) DLP Resources Inc. (“DLP” or the “Company”)
(TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete drill results for drillhole, A23-012 on the Aurora porphyry
copper-molybdenum project in southern Peru (Figure 1).
Results for the first eleven drillholes, A22-001, A22-002, A22-003, A23-004, A23-005, A23-006, A23-007, A23-008,
A23-009, A23-010 and A23-011 were last released on October 11, 2023. (see DLP Resources Inc., news release of
October 11, 2023, for results for A23-001 to A23-011 and Table 3 below).
Highlights
Drillhole A23-012 was drilled approximately 130m east of drillhole A23-011 and intersected significant copper and
molybdenum mineralization throughout the hole to a depth of 887.60m. A23-012 ended in molybdenum
mineralization and the most significant mineralized intervals included:
• 0.46% CuEq* over 881.95m (0.18% Cu, 0.0514% Mo and 1.68g/t Ag) from 5.65m to 887.60m.
• 0.80% CuEq* over 16.35m (0.49% Cu, 0.0499% Mo and 6.53g/t Ag) from 5.65m to 22.00m.
• 0.50% CuEq* over 186.35m (0.15% Cu, 0.0643% Mo and 1.74g/t Ag) from 5.65m to 192.00m.
• 0.68% CuEq* over 138.00m (0.45% Cu, 0.0390% Mo and 3.08g/t Ag) from 406.00m to 544.00m.
• 0.62% CuEq* over 195.00m (0.06% Cu, 0.1083% Mo and 0.37g/t Ag) from 692.00m to 887.60m.
• 0.72% CuEq* over 116.00m (0.07% Cu, 0.1253% Mo and 0.43g/t Ag) from 692.00m to 808.00m.
The complete set of results for A23-012 are summarized in Table 1 below.
Mr. Gendall, President and CEO commented: “A23-012 was drilled on a step-out of 130m to the east of A23-011. We
continue to encounter copper-molybdenum mineralization on the SE side of the project. Mineralization is still open
to depth and to the east and southeast. Drilling is ongoing and drillhole A23-013 is being drilled higher on the ridge
to 1000m depth and is planned to intersect the zone of enriched copper mineralization in the upper elevations. We
look forward to receiving results for A23-013 in later December. In addition, we are encouraged with the discovery
of copper oxides approximately 500m east of the current drilling and will be completing a geochemical sampling
program over this area in November and early December.”
Aurora Cu-Mo Project – Summary of Drill Results for A23-012
o Drillhole A23-012 (Figures 2,3,4 and 5) commenced on September 19 and was completed on
October 17 at a depth of 887.60m. Coordinates are 8,565,427mN and 190,100mE at an elevation of
2728m. A23-012 was drilled at -70 degrees towards 020 degrees (NE).
o This hole was drilled approximately 130m east of A23-011.
▪ 0 to 5.65m: Overburden
▪ 5.56m to 22.00m: Breccia with moderate chalcopyrite and minor chalcocite in matrix.
▪ 22m to 195.92m: Hornfels with moderate chalcopyrite-pyrite mineralization and
moderate molybdenite.
▪ 195.92m to 279.80m: Quartz-eye-feldspar-biotite porphyry (QEFBP – intermineral
phase) with potassic alteration and overprint of weak chlorite and intermediate
argillic alteration and pyrrhotite. Moderate veining with chalcopyrite disseminated
and in microfractures with moderate molybdenite. Faulted contact.
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▪ 279.80m to 326,80m: QEFBP with predominantly intermediate argillic alteration on
secondary biotite and weak chlorite alteration. Weak quartz veining and minor
chalcopyrite and molybdenite mineralization. Faulted contact.
▪ 326.80m to 631m: QEFBP (Intermineral phase) with moderate intermediate argillic
alteration on quartz-sericite alteration. Weak chalcopyrite mineralization and
moderate molybdenite.
▪ 631m to 700m: QEFBP with moderate quartz-sericite alteration on K-feldspar
alteration and moderate quartz veining. Weak chalcopyrite and molybdenite
mineralization.
▪ 700m to 815m: QEFBP (Early porphyry phase) with abundant quartz veining and
moderate to strong molybdenite and minor chalcopyrite. Moderate quartz-sericite +
green sericite alteration with magnetite.
▪ 815m to 875.85m: QEFBP (Intermineral phase) with weak quartz veining and
moderate chlorite overprint on potassic alteration (secondary biotite). Strong
molybdenite mineralization.
▪ 875.85m to 887.60m: FBP (Feldspar-biotite porphyry – Intermineral phase) with weak
quartz veining and weak chalcopyrite and strong molybdenite mineralization.
Table 1. Summary of Drill Results for Diamond Drillhole A23-012. 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 %
A23-012 0.00 5.65 5.65 Overburden (not sampled) - - - -
5.65 887.60 881.95 Primary Mineralization/Hornfels + Porprhyry 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 Mineraliztion/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 Mineralizxation/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
Includes 692.00 808.00 116.00 Primary Mineralization/Porphyry 0.07 0.1253 0.43 0.72
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo, Cu and Ag values are uncut, and
recovery is assumed to be 100% for the entire drilled length of A23-012. 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.
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Table 2: A23-012 Diamond drillhole location, depth, orientation and inclination.
Hole Easting Northing Elevation Length Azimuth Inclination
ID m m m m Degrees Degrees
A23-012 190,100 8,565,427 2728 887.60 020 -70
Co-ordinates are in WGS84 Zone 19S.
Table 3. Summary of significant drill results for diamond drillholes A23-01 to A23-011. 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 %
A23-001 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
A23-002 208.00 422.40 214.40 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
A23-003 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
333.00 421.00 88.00 Primary (Molybdenum rich) 0.05 0.149 0.78 0.83
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
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Table 3 cont. Summary of significant drill results for diamond drillholes A23-01 to A23-011. 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 %
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
183.00 464.00 281.00
Mixed & Primary
Mineralization/Hornfels+Porphyry 0.31 0.0043 2.40 0.35
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
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Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo, Cu and Ag values are uncut, and
recovery is assumed to be 100% for the entire drilled lengths of A23-01 to A23-011. 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 and NTW
core. Logging and sampling are completed at a secured Company facility situated on the project site. Sample intervals are
nominally 1.5 to 2.7m 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 5.65m to 887.60 in A23-012.
New Breccia Zone and Copper Oxide Showings – East of Current Drilling
During the past two months, while preparing an access road to the NE and SE side of the project for further drilling, a zone
of approximately 500m x 500m was discovered with breccia’s in the hornfels and copper-oxides on road cut surfaces. This
is extremely encouraging for the extension of copper-molybdenum mineralization for at least another 500m further to the
southeast and northeast of the current planned drilling. This area also overlies a similar magnetic anomaly that underlies
the main porphyry area (Figure 6).
Currently a rock sample program is underway to define additional copper-molybdenum targets for drilling. Sample results
are expected later in December.
Metallurgical Study Underway
Plenge laboratory in Lima, Peru have been contracted to do a metallurgical study on three composite samples from the
Aurora project. Results from this study are expected in February-March 2024.
Aurora Project
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
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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: DLP Project areas in Peru with Aurora Project Shown.
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Figure 2: Aurora Project – Plan view showing historic drilling and drilling by DLP in 2022-2023 with A23-013 in progress
and shown with blue dot.
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Figure 3: Aurora Project – NW-SE geological section showing DLP and historic drillholes. Downhole values for copper (%)
are shown on drillholes with molybdenum (ppm) shown as bar graphs to left of drillholes.
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