DLP Resources intersects 459.55m of 1.01 % CuEq* within a 1002.55m interval of 0.66% CuEq* on the Aurora Project in Southern Peru
DLP Resources intersects 459.55m of 1.01 % CuEq* within a 1002.55m interval of 0.66% CuEq* on the
Aurora Project in Southern Peru
Cranbrook, British Columbia, (Newsfile Corp. – September 5, 2023) DLP Resources Inc. (“DLP” or the “Company”)
(TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete drill results for drillhole, A23-010 on the Aurora porphyry
copper-molybdenum project in southern Peru (Figure 1).
Results for the first nine drillholes, A22-001, A22-002, A22-003, A23-004, A23-005, A23-006, A23-007, A23-008 and
A23-009 were released on July 24, 2023 and August 10, 2023 (see DLP Resources Inc. news releases of July 24 and
August 10). Results for all previously reported nine drillholes have been updated to use *Copper equivalent
calculations using metal prices of Cu - US$3.34/lb, Mo - US$18/lb and Ag - US$21.87/oz and conceptual recoveries
of Cu 85%, Mo 82%, and Ag 75% (see Tables 3, 4 and 5).
Highlights
Drillhole A23-010 was drilled approximately 55m east of drillhole A23-009 and intersected significant copper and
molybdenum mineralization throughout the hole to a depth of 1002.55m. A23-010 ended in molybdenum
mineralization and the most significant mineralized intervals included:
• 0.66% CuEq* over 1002.55m (0.20% Cu, 0.0838% Mo and 2.19g/t Ag) from 0m to 1002.55m.
• 0.94% CuEq* over 28.00m (0.86% Cu, 0.0015% Mo and 8.41g/t Ag) from 190.00m to 218.00m.
• 0.72% CuEq* over 82.00m (0.37% Cu, 0.0618% Mo and 3.51g/t Ag) from 543.00m to 625.00m.
• 1.01% CuEq* over 459.55m (0.09% Cu, 0.1754% Mo and 0.90g/t Ag) from 543.00m to 1002.55m.
The complete set of results for A23-010 are summarized in Table 1 below.
Mr. Gendall, President and CEO commented: “A23-010 is the second hole drilled by DLP on the southeastern side of
the Aurora project and is our best mineralized intersection to date. This hole now confirms extension of the
molybdenum-copper mineralization over approximately 800m from NW to SE and the mineralization is still open in
all directions and at depth. Drilling is ongoing on this southeast side and A23-011 drilled on a step out of
approximately 290m southwest of A23-010 is currently in progress to a depth of 1000m.”
Aurora Cu-Mo Project – Summary of Drill Results for A23-010
Drillhole A23-010 (Figures 2, 3 and 4) commenced on July 16, 2023 and was completed on August 13, 2023 at a
depth of 1002.55m. The drillhole was drilled on an azimuth of 340 degrees with a dip of -70 degrees. Coordinates
are 8,565,708mN and 190,079mE at an elevation of 2965m.
o 0 - 41.25m: Hornfels with minor chalcopyrite and quartz veinlets with molybdenite with
trace chalcocite on chalcopyrite.
o 41.25 – 190m: Quartz-eye-feldspar-biotite porphyry (QEFBP) with strong quartz-sericite
alteration, minor amounts of disseminated chalcopyrite with trace chalcocite and
covellite, moderate amounts of pyrite and trace molybdenite. Partial leached zone.
o 190 – 218m: QEFBP with moderate quartz-sericite alteration with moderate chalcopyrite-
pyrite mineralization with coatings of chalcocite and covellite. Trace molybdenite.
o 218 – 245m: QEFBP with large feldspar megacrysts up to 3cm in length with moderate
sericite alteration and strong silicification. Minor chalcopyrite-pyrrhotite mineralization
with weak chalcocite-covellite coatings. Weak molybdenite mineralization.
o 245 – 510m: QEFBP with moderate to strong quartz-sericite alteration and weak
intermediate argillic overprint. Mineralization includes moderate disseminated pyrite,
minor pyrrhotite and chalcopyrite with minor molybdenite both disseminated and in
quartz veinlets.
o 510 – 623.40m: Intrusive breccia with subangular hornfels clasts and QEFBP matrix infill
plus larger intervals of hornfels from 573.5 to 603m. Strong silicification with moderate
sericite alteration is observed in this interval. Minor to moderate amounts of
disseminated pyrite and chalcopyrite with increasing amount s of quartz veinlets with
molybdenite is logged towards the lower 30m of this interval.
o 623.40 – 791.60m: QEFBP with strong quartz-sericite alteration overprinted on secondary
biotite alteration with weak intermediate argillic alteration and abundant quartz veinlets
with molybdenite. Pyrite predominates with minor chalcopyrite mineralization. Minor
amounts of fluorite in veins are observed in this interval.
o 791.60 – 1002.55m: QEFBP with moderate quartz-sericite alteration overprinted on
secondary biotite and K-feldspar (Potassic) alteration and with weak intermediate argillic
alteration overprint. K-feldspar alteration increases from 940m to end of hole at
1002.55m. Abundant quartz veinlets with molybdenite are logged throughout this
interval with moderate pyrite, minor magnetite and chalcopyrite mineralization. Minor to
moderate amounts of fluorite in veins are observed in this interval. The hole ended in
very good molybdenite mineralization.
Table 1. Summary of Drill Results for Diamond Drillhole A23-010. 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 %
A23-010 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
315.00 543.00 228.00 Primary 0.28 0.0154 2.99 0.38
543.00 625.00 82.00 Primary – Breccia zone 0.37 0.0618 3.51 0.72
543.00 1002.55 459.55 Primary – Molybdenum rich 0.09 0.1754 0.9 1.01
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 A23-010. 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.
Table 2: A23-010 Diamond drillhole location, depth, orientation and inclination.
Hole Easting Northing Elevation Length Azimuth Inclination
ID M m m Degrees Degrees
A23-010 190,079 8,565,708 2965 1002.55 340 -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 d iamond 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 ind ependent 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 0m to 1002.55m in A23-010.
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.
Table 3: Aurora Drill Results for Holes A23-001 to A23-003
Hole From To Interval1 Description
Cu
(total) Mo Ag Cueq*
ID m m m % % g/t %
A22-001 0.50 22.45 21.95 Partially Leached 0.12 0.0051 2.98 0.15
22.45 388.00 365.55 Oxidized/Mixed/Primary 0.33 0.0114 3.64 0.39
Includes 22.45 145.80 123.35 Oxidized/Mixed 0.49 0.0036 4.2 0.51
Includes 100.35 145.80 45.45 Enriched 0.64 0.0017 3.4 0.65
Includes 100.35 124.30 23.95 Enriched 0.87 0.0024 3.43 0.88
Includes 108.65 124.30 15.65 Enriched 1.09 0.0033 3 1.11
145.80 172.90 21.10 #Fault zone/Mixed 0.23 0.0069 1.16 0.27
172.90 388.00 215.10 Primary 0.24 0.0168 3.47 0.33
Includes 298.85 326.00 27.15 Primary 0.48 0.0031 7.01 0.50
Includes 366.00 388.00 22.00 Primary - Mo rich 0.21 0.0573 1.43 0.51
A22-002 0.10 89.40 89.3 Leached 0.04 0.0048 0.55 0.07
89.40 208.00 118.60 Partially Leached 0.22 0.0067 2.53 0.26
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
422.40 479.00 56.60 Primary (Late Porphyry) 0.09 0.0072 1.29 0.13
479.00 561.60 82.60 Primary - Mo rich 0.19 0.0349 1.34 0.37
A22-003 2.70 38.00 35.30 Partially leached 0.12 0.0049 1.17 0.15
38.00 702.30 664.30
Partially leached
/Mixed/Enriched/Primary 0.33 0.0483 3.23 0.58
Includes 38.00 132.00 94.00
Partially leached with
sulphides 0.21 0.0103 3.78 0.26
Includes 132.00 350.00 218.00
Mixed
sulphides/Enrichment 0.69 0.0162 5.65 0.77
Includes 206.00 350.00 144.00 Enriched 0.75 0.0097 5.87 0.80
Includes 258.00 350.00 92.00 Enriched 0.83 0.0071 6.81 0.87
Includes 350.00 522.00 172.00 Primary (intermineral) 0.22 0.0259 2.47 0.36
Includes 522.00 702.30 180.30 Primary (Moly rich) 0.07 0.1284 0.73 0.74
Table 4: Aurora Drill Results for Holes A23-004 to A23-006
Hole From To Interval1 Description
Cu
(total) Mo Ag Cueq*
ID m m M % % g/t %
A23-004 0.00 700.90 700.90 Leached/Mixed/Enriched/Primary 0.18 0.142 2.47 0.92
Includes 0.00 34.00 34.00 Leached 0.04 0.064 1.07 0.37
34.00 110.90 76.90 Partially leached 0.19 0.066 2.83 0.53
110.90 333.00 222.10 Mixed/Enriched/Primary 0.46 0.056 5.88 0.75
Includes 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 0.00 693.40 693.40 Leached/Mixed/Enriched/Primary 0.11 0.144 1.95 0.86
Includes 0.00 20.00 20.00 Leached 0.03 0.092 23.23 0.53
20.00 130.00 110.00 Partially leached 0.12 0.059 2.79 0.43
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
A23-006 0.00 14.70 14.70 No core recovered - - - -
14.70 91.00 76.30 Partially leached 0.1 0.061 3 0.42
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 9.1 0.78
321.00 708.55 387.55 Primary (Molybdenum rich) 0.07 0.205 0.74 1.14
500.00 708.55 208.55 Primary (Molybdenum rich) 0.08 0.26 0.86 1.43
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 A23-01, A23-02, A23-003, A23-04, A23-05 and A23-06. 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.
Table 5. Summary of Drill Results for Diamond Drillhole A23-007, A23-008 and A23 -009. 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 %
A23-007 0.00 708.25 708.25 Partially Leached/Primary/Hornfels 0.25 0.0137 3.07 0.32
Includes 0.00 99.00 99.00 Partially leached/Hornfels 0.3 0.0004 4.91 0.30
99.00 206.00 107.00 Leached Hornfels 0.18 0.0004 3.54 0.18
206.00 406.00 200.00 Primary/Hornfels 0.37 0.0030 3.83 0.39
Includes 206.00 254.00 48.00 Primary/Hornfels 0.57 0.0020 5.33 0.58
254.00 272.00 18.00 Primary/Hornfels 0.24 0.0032 1.78 0.26
272.00 306.00 34.00 Primary/Hornfels 0.48 0.003 6.33 0.50
306.00 356.00 50.00 Primary/Hornfels 0.23 0.0034 1.91 0.25
356.00 378.00 22.00 Primary/Hornfels 0.5 0.0030 5.65 0.52
406.00 639.50 233.50 Primary/Porphyry 0.17 0.0146 1.88 0.25
639.50 708.25 68.75 Primary/Hornfels 0.18 0.0814 1.51 0.60
A23-008 0.00 3.10 3.10 No core Recovered - - - -
3.10 703.65 700.55 Primary/Hornfels+Porphyry 0.1 0.0852 1.18 0.54
includes 3.10 39.00 35.90 Primary/Hornfels 0.21 0.0035 2.26 0.23
123.00 188.55 65.55 Primary/Hornfels 0.23 0.0086 5.41 0.28
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
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo values are cut to 0.5% and Cu and Ag
values are uncut and recovery is assumed to be 100% for the entire drilled length of A23-007 and A23-008. 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 values are cut to 0.5% and Cu and Ag values are uncut.
Figure 1: DLP Project areas in Peru with Aurora Project Shown.
Figure 2: Aurora Project – Simplified geology showing historic drilling and drilling by DLP in 2022-2023 with A23-010 and
A23-011 (in progress) highlighted in red numbering.