DLP Resources intersects 303.15m of 0.49% CuEq* within a 1189.65m interval of 0.32% CuEq*, on the Aurora Project
DLP Resources intersects 303.15m of 0.49% CuEq* within a 1189.65m interval of 0.32%
CuEq*, on the Aurora Project
Cranbrook, British Columbia, (Newsfile Corp. – November 25, 2024) DLP Resources Inc. (“DLP” or
the “Company”) (TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete drill results for drillhole
A24-021 on the Aurora porphyry copper-molybdenum-silver project in southern Peru. (Figure 1).
Highlights
• Drillhole A24-021 was drilled approximately 320m northwest of A24 -020 with the aim of
infilling the copper and molybdenum mineralization between A24 -020 and A24 -022. This
drillhole intersected copper-silver and molybdenum mineralization from 2.50m to the end of
the hole at 1192.15m. Summary results were as follows:
o 0.32% CuEq* over 1189.65m from 2.50m to 1192.15m.
o 0.38% CuEq* over 124.00m from 155.00m to 279.00m.
o 0.35% CuEq* over 318.00m from 441.00m to 759.00m.
o 0.39% CuEq* over 751.15m from 441.00m to 1192.15m.
o 0.49% CuEq* over 303.15m from 889.00m to 1192.15m
The complete set of results for A24-021 are summarized in Table 1 below.
Mr. Gendall, President and CEO commented: “Drillhole A24-021 has ended in the southeast in good
copper-molybdenum-silver mineralization extending over greater than 1km . The dril lhole was
unfortunately stopped in molybdenum mineralization at 1192.15m due to the maximum capacity of
the drill rig. Once again, we have ended in mineralization on Aurora and all twenty-one drillholes
have intercepted good copper-molybdenum-silver mineralization.
In addition to results for one more hole, A24-022, to be reported for the year, AMC Consultants have
initiated their due diligence by way of a field visit to Aurora. They will now proceed with the initial
resource estimate expected in Q1 of 2025.”
Aurora Cu-Mo Project – Summary of Drill Results for A24-021
Drill hole A2 4-021 (Figures 2,3,4 and 5 ) commenced on September 04, 2024, at an inclination of -70
degrees on an azimuth of 170 degrees and ended on October 27 at 1192.15m. Summary geology is as
follows:
o 0-2.50m: Overburden.
o 2.50 – 90.00m: Mineralized hornfels and quartz-eye-feldspar-biotite
porphyry.
o 90 – 172.30m: Mineralized quartz-eye-feldspar porphyry.
o 172.30 – 225.60m: Mineralized intrusive breccia.
o 225.60 – 273.30m: Mineral ized hornfels + breccia + quartz-eye-feldspar
porphyry.
o 273.30 – 469.35m: Mineralized hornfels.
o 469.35 – 473.00m: Mineralized hornfels + breccia + quartz-eye-feldspar
porphyry.
o 473.00 – 497.80m: Mineralized intrusive breccia.
o 497.80 – 541.85m: Mineralized hornfels.
o 541.85 – 576.20m: Mineralized quartz-eye-feldspar porphyry.
o 576.20 – 984.00m: Mineralized hornfels.
o 984.00 – 986.88m: Mineralized quartz-eye-feldspar porphyry.
o 986.88 – 1038.35m: Mineralized hornfels.
o 1038.35m – 1192.15m: Mineralized quartz-eye-feldspar porphyry.
Table 1. Summary of Drill Results for Diamond Drillhole A24-021. 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 %
A24-021 2.50 1192.15 1189.65
Mineralized hornfels,
intrusive breccias + porphyry 0.17 0.0279 1.92 0.32
Includes 155.00 279.00 124.00 Mineralized porphyry,
hornfels and breccia
0.30 0.0083 4.14 0.38
Includes 441.00 759.00 318.00 Mineralized porphyry,
hornfels + breccia
0.28 0.0094 2.29 0.35
Includes 441.00 1192.15 751.15 Mineralized porphyry,
hornfels + breccia
0.18 0.0398 1.92 0.39
Includes 889.00 1192.15 303.15 Mineralized porphyry +
hornfels
0.10 0.0797 1.14 0.49
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 length s of A24-021 except for the
following intervals from 28.00 to 36.00m, 52.00 to 55.00m and 65.00 to 68.00m with only 20 to 43%
recoveries due to fractured and sheared rock. The project is at an early stage of exploration and recoveries
of Cu 95.8%, Mo 86.4%, and Ag 89.3%, as determined from the recent metallurgical study, 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.
Table 2: A24-021 Diamond drillhole location, depth, orientation and inclination.
Hole Easting Northing Elevation Length Azimuth Inclination
ID m m m m Degrees Degrees
A24-021 190,111 8,566,085 2978 1192.15 170 -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, NTW and BTW core. Logging and sampling are completed at a secured Company facility situated
on the project site. Sample intervals are nominally 1m 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 for intervals reported in A24-021 from 0.00m to
1192.15m, except for the following intervals from 28.00 to 36.00m, 52.00 to 55.00m and 65.00 to 68.00m
with only 20 to 43% recoveries due to fractured and sheared rock.
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 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.
Figure 2: Aurora Project – Plan view showing historic drilling and drilling by DLP in 2022-2023-2024 with
previously reported CuEq* values and A24-021 highlighted in blue.
Figure 3: Aurora Project – Simplified NNW-SSE section 3-3 showing DLP and historic drillholes. Mo is on
the left and the Cu is within the drillhole column.
Figure 4: Aurora Project – Plan view showing DLP and historic drillholes with greater than 0.25% CuEq*
footprint of mineralization.