DLP Resources intersects 339.35m of 0.76% CuEq* within a 1058.35m interval of 0.38% CuEq*, on the Aurora Project
DLP Resources intersects 339.35m of 0.76% CuEq* within a 1058.35m interval of 0.38%
CuEq*, on the Aurora Project
Cranbrook, British Columbia, (Newsfile Corp. – November 04, 2024) DLP Resources Inc. (“DLP” or
the “Company”) (TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete drill results for drillhole
A24-020 on the Aurora porphyry copper-molybdenum-silver project in southern Peru. (Figure 1).
Highlights
• Drillhole A24-020 was drilled approximately 135m south east of A24 -016 with the aim of
expanding the copper mineralization to the southeast. This drillhole intersected copper-silver
and molybdenum mineralization from 3.00m to the end of the hole at 1061.35m. Summary
results were as follows:
o 0.38% CuEq* over 1058.35m from 3.00m to 1061.35m.
o 0.44% CuEq* over 874.35m from 187.00m to 1061.35m.
o 0.76% CuEq* over 339.35m from 722.00m to 1061.35m.
o 0.87% CuEq* over 284.00m from 722.00m to 1006.00m.
The complete set of results for A24-020 are summarized in Table 1 below.
Mr. Gendall, President and CEO commented: “Drillhole A24-020 has opened up the extension of the
copper-molybdenum-silver mineralization to the southeast of Aurora and has yielded very good
mineralization from surface to the end depth of 1061.35m. The drillhole was unfortunately stopped
in molybdenum mineralization due to the maximum capacity of the drill rig. We have intersected
very good copper-molybdenum-silver mineralization in all 20 drillholes drilled to date and we are very
encouraged with advancing Aurora to an initial resource estimation by March 2025.
Aurora Cu-Mo Project – Summary of Drill Results for A24-020
Drill hole A2 4-020 (Figures 2,3,4 and 5 ) commenced on September 01 , 2024 at an inclination of -70
degrees on an azimuth of 285 degrees and ended on October 05, at 1061.35m. Summary geology is as
follows:
o 0-3.00m: No core recovered – Overburden.
o 3.00 – 349.00m: Mineralized hornfels.
o 349.00 – 378.40m: Mineralized quartz-eye-feldspar-biotite porphyry.
o 378.40 – 712.75m: Mineralized hornfels.
o 712.75 – 767.35m: Mineral ized hornfels and quartz-eye-feldspar-biotite
porphyry.
o 767.35 – 1061.35m: Mineralized quartz-eye-feldspar-biotite porphyry.
Table 1. Summary of Drill Results for Diamond Drillhole A24-020. 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 %
A24-020 3.00 1061,35 1058.35
Mineralized hornfels and
porphyry 0.13 0.0493 1.14 0.38
Includes 187.00 1061.35 874.35 Mineralized hornfels and
porphyry
0.14 0.0595 1.26 0.44
Includes 405.00 615.00 210.00 Mineralized hornfels 0.21 0.0092 2.54 0.27
Includes 405.00 463.00 58.00 Mineralized hornfels 0.33 0.0133 4.42 0.43
Includes 722.00 1061.35 339.35 Mineralized porphyry with
minor intercalated hornfels
0.10 0.1323 1.21 0.76
Includes 722.00 1006.00 284.00
Mineralized porphyry with
minor intercalated hornfels 0.12 0.1473 0.81 0.87
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 A24-020 except for the
following intervals from 782.65 to 785.30m and 854.00 to 856.00m, with only 35 to 43% recoveries due
to fractured rock. The project is at an early stage of exploration an d 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: A24-020 Diamond drillhole location, depth, orientation and inclination.
Hole Easting Northing Elevation Length Azimuth Inclination
ID m m m m Degrees Degrees
A24-020 190,407 8,565,914 2761 1061.35 285 -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 A24-020 from 3.00m to
1061.35m, except for the following intervals from 782.65 to 785.30m and 854.00 to 856.00m, with onl y
35 to 43% recoveries due to fractured 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 A24-020 highlighted in blue.
Figure 3: Aurora Project – Simplified NW-SE section 1-1 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.
Figure 5: Aurora Project –NW-SE section 2-2 showing DLP and historic drillholes. Greater than 0.25%
CuEq* mineralization shell shown in yellow.
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
OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional
information.