DLP Resources intersects 221.4m of 0.95% CuEq* within a 693.4m interval of 0.64% CuEq* on the Aurora Project in Southern Peru
DLP Resources intersects 221.4m of 0.95% CuEq* within a 693.4m interval of 0.64% CuEq*
on the Aurora Project in Southern Peru
Cranbrook, British Columbia, (Newsfile Corp. – June 01 , 202 3) DLP Resources Inc. (“DLP” or the
“Company”) (TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete drill results for the fifth hole,
A23-005 on the Aurora porphyry copper-molybdenum project in southern Peru (Figure 1).
Results for the first four drillholes, A22-001, A22-002, A22-003 and A23 -004 were released on
December 05, 2022, January 05, 2023 and May 02, 2023 (see DLP Resources Inc. news releases).
Highlights
Drillhole A23-005 intersected significant molybdenum-copper mineralization throughout the hole to a
depth of 693.4m where it ended in v ery good molybdenum mineralization. The most significant
mineralized intervals included:
• 0.64% CuEq* over 693.40m (0.11% Cu, 0.144% Mo and 1.95g/t Ag) from 0m to 693.4m.
• 0.66% CuEq* over 58.00m (0.43% Cu, 0.054% Mo and 3.38g/t Ag) from 130.00m to 188.00m.
• 0.95% CuEq* over 221.40m (0.03% Cu, 0.259% Mo and 0.41g/t Ag) from 472.00m to 693.40m.
The complete set of results for A23-005 are summarized in Table 1 below.
Results from drillhole A23-005 which was drilled approximately 317m WSW of A22 -003 continue to
confirm Aurora is a robust porphyry copper -molybdenum system with mineralization extending from
2628m elevation at surface to an elevation of approximately 2000m down hole. Once again, this drill
hole ended in very good molybdenum mineralization.
Mr. Gendall President and CEO commented: “ We’ve had another very encouraging copper -
molybdenum intersection in drillhole A23-005. We have now stepped out 317m f rom A22-003 which
was drilled on the eastern edge of the porphyry and we continue to expand the mineralized footprint
to the west and at depth. Drilling is ongoing to the west of A23-005 and we have completed another
two holes A23-006 and A23-007. Assay results are awaited for both holes”.
Aurora Cu-Mo Project – Summary of Drill Results for A23-005
A23-005
Hole A23-005, like A23 -004 was drilled in an area of well exposed quartz -molybdenite veining at an
angle of -70 degrees towards an azimuth of 140 degrees (Table 2 , Figures 2, 3 and 4). The logged
geology is summarized as follows:
• Leached quartz-eye feldspar porphyry (QEFP) from 0m to 20m.
• Partially leached QEFP from 20m to 130m.
• Mixed limonitic zone of chalcopyrite and pyrite with secondary enrichment of covellite and
chalcocite on fractures within the QEFP from 130m to 188m with quartz-sericite alteration.
• Primary mineralization of chalcopyrite, molybdenite and pyrite within an intermineral quartz-
feldspar porphyry from 188m to 302m with quartz-sericite alteration.
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• Molybdenite in quartz veins (B -type) and weakly disseminated chalcopyrite mineralization
occur within a quartz-sericite altered quartz-feldspar porphyry and quartz-eye-feldspar-biotite
porphyry from 302m to 472m.
• Potassic altered quartz-feldspar porphyry and quartz -eye-feldspar-biotite porphyry with
disseminated pyrite and weak chalcopyrite mineralization and well developed molybdenite
quartz veinlets (B-type) occur from 472m to 693.4m. Strong potassic alteration is logged in this
interval.
Table 1. Summary of Drill Results for Diamond Drill Hole A2 3-005. 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 %
A23-005 0.0 693.4 693.4 Leached/Mixed/Enriched/Primary 0.11 0.144 1.95 0.64
Includes 0.0 20.0 20.0 Leached 0.03 0.092 23.23 0.58
20.0 130.0 110.0 Partially leached 0.12 0.059 2.79 0.36
130.0 188.0 58.0 Mixed/Enriched 0.43 0.054 3.38 0.66
188.0 302.0 114.0 Primary 0.14 0.076 1.38 0.42
302.0 472.0 170.0 Primary (Molybdenum rich) 0.10 0.110 1.05 0.50
472.0 693.4 221.4 Primary (Molybdenum rich) 0.03 0.259 0.95 0.95
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Calculations are uncut and
recovery is assumed to be 100% for the entire drilled length of 693.40m. The project is at an early stage
of exploration and there is insufficient metallurgical data for estimation of metal recoveries.
*Copper-equivalence is calculated as: CuEq (%) = Cu (%) + [3.55 × Mo (%)] + [0.0095 × Ag (g/t)], utilizing
metal prices of Cu - US$3.34/lb, Mo - US$11.86/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. Assay values are uncut.
Table 2: A23-005 Diamond drill hole location, depth, orientation and inclination.
Hole Easting Northing Elevation Length Azimuth Inclination
ID m m Degrees Degrees
A23-005 189740 8566258 2628 693.4 140 -70
Co-ordinates are in WGS84 Zone 19S
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 2m 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
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elements using a four-acid digestion and ICP -MS analysis (ME-MS61). In addition, sequential copper
analyses are done and reports, soluble copper usi ng 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 0m to 693.40 in A23-005.
Aurora Project
Aurora Project as 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 drill holes, drilled in 2001 and 2005 totaling 3,900m were drilled
over an area of approximately 1000m by 800m, cut significant intervals of copper and moly bdenum
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 drill hole 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 syste m 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.
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Figure 1: DLP Project areas in Peru with Aurora Project Shown.
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Figure 2. Aurora Project – Simplified geology showing historic drilling and drilling by DLP in 2022-
2023 with A23-005 shown.
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Figure 3. Aurora Project – Simplified plan and section showing historic drilling and current DLP drill
holes.
Figure 4: Aurora porphyry copper-molybdenum project – Quartz stockwork veining with chalcopyrite
and secondary covellite mineralization (copper sulphides) at 109m in A23-005.
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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 appr oved 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
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 forwar d-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. Generall y, 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”, “sho uld”, “would” or “occur”. This
information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as o f 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 Aurora Project in Peru.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from res ults
suggested in any forward-looking statements. These risks and uncertainties include, among other things drill results expected from
the Aurora Project in Peru.
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 m ay 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 b e
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.